As a FreeFlexer you are your own boss, but of course, responsibilities also come into play. Consider, for example, the fact that you have to declare your own tax returns, that you can be held accountable at the moment that you cause damage during a shift and that you are responsible for shifts when you are accepted. In this article, we have listed the most important things for you.
VAT declaration
As a FreeFlexer, you must declare your VAT returns every quarter, even if you haven’t worked. Did you apply for the new KOR? In that case you won’t invoice VAT and thus, you do not have to declare it either.
Income tax declaration
Every working person in the Netherlands is required to pay income tax and is responsible to declare their own income tax. When you work as a salaried employee, the amount you need to state is ready at the moment you make the declaration. As a FreeFlexer, however, you need to calculate the amount on which you pay tax. Each year before 1 May, you make an overview of your income and your expenses as a FreeFlexer of the year before.
Insurance
Because you work in the capacity of your own company, you can be held accountable at the moment you cause damage during a shift. Your default liability insurance as a FreeFlexer will have you covered in many instances though. Read all about the liability insurance you have through Alicia Benefits here.
Your applications
We advise you to respond to as many shifts as possible on our platform so that you increase the chances that you can work on your desired day. Please note that, however, you are responsible for your registration as long as it’s open. Can’t you work anymore? Then cancel your application immediately. If you are accepted and you cancel when the cancellation term is passed, you have to find a substitute through the platform.
Debtor risk
As explained in the terms and conditions of use, you sell all your claims on (future) clients to an independent financing party, Finqle BV. When you check out your shift, you have 2 options with regard to payment:
Direct payment:
For a fee of 2.9% of your invoice amount, you can opt for payment within 3 or 5 working days after approval of your checkout by the client. We advise you to always choose this option because this gives you the most certainty.Wait for payment client:
As a FreeFlexer, you are never 100% sure of your payouts. If you opt for the option in the checkout for 'Waiting for payment client', the debtor risk lies entirely with you. In most cases, clients have a payment term of 14 or 30 days*. The average payment term you’ll see during the checkout is an indication but no guarantee. It can happen, that a client won’t pay an invoice within the payment term or not at all, this is your debtor risk. In these cases you’ll have to wait longer for your money, and you’ll never be certain about when to receive your money. That’s why this option is free of charge.
Student entrepreneur
Are you a student and you want to know more about what it entirely means to be an entrepreneur? Check this article ‘Earn money as an entrepreneur’ of the CoC.
* In rare cases, the payment term may be 45 or 60 days. The number of days can be found in the assignment agreement.