For an industry already contending with cash - flow volatility, these measures risk tightening margins further. Expect a renewed push toward day rate increases, faster payment terms, and more transparent contract structures as freelancers work to offset reduced take home pay.
New research from The Accountancy Partnership has revealed that there was a 23% increase in Google searches for the term 'Christmas temp jobs' this September compared to September 2024. Typically, searches for this rise over October and November, showing that Brits are looking to secure festive income earlier than ever. The study also shows a dramatic long-term rise in job-seeking behaviour around the festive period.
"Promising to look again at IR35 reform as part of a wider pledge to support those working for themselves makes nice headlines - but the devil would be in the detail. Given how damaging IR35 reform has been for some, this latest pledge will be music to the ears of many freelancers, contractors and consultants - not to mention businesses. Others, though, will need more convincing."
Wave positions itself as the go-to solution for freelancers and bootstrapped businesses. Its core accounting features come at no cost, making it incredibly attractive for startups watching every penny. However, you'll pay transaction fees when processing payments through its system. And if you want advanced features and lower transaction fees, prepare to upgrade to Wave Pro for $19 per month.
AI is well and truly here, and many freelancers may be concerned about AI taking over their work and losing clientele. In fact, McKinsey research found that, by 2030, up to 30% of hours worked across the US could be automated using AI. Of course, the level of AI adoption will vary across different industries and occupations. However, it's crucial for all freelancers to upskill themselves for the inevitability of AI impacting their industry-whether it's a small impact or a significant shift.
