SMALL COMPANIES AND FREELANCERS GETTING HIT IN THE POCKET
February 26 2016.



The UK’s freelancers and micro-businesses only get paid for two-thirds (69 per cent) of the work they should be paid for.
Given that the UK is home to 5.2 million micro-firms and 1.88 million freelancers, this suggests that each business potentially missed out on thousands of pounds they were due last year.


Of the 10 million hours recorded and tracked by accounting software company FreeAgent’s customers in 2015, 80 per cent were classed as 'billable' (ie time that customers could charge their clients for).

However, 31 per cent of this time was not 'billed', meaning the UK’s freelancers and micro-business worked more than a third of their working hours for free.


For the full story at smallbusiness.co.uk CLICK HERE