fbpx
Financial impact corona

GIG talks pt.2 - Financial impact of Corona

leestijd: 2min | #GiG Talks #GiGHOUSE | 24 November 2020 | Daan De Bock

The effects of COVID-19 also made themselves noticeably felt in the portfolio of our freelancers. Where previously there was room to work on a financial buffer or to invest surpluses in the growth of the company, a lot of freelancers saw their income shrink. Fortunately, for freelancers working under "self-employed" status, some support measures were created by the government. Below, in the second episode of our GIG talks, you can read how our freelancers experienced the crisis financially.

 

 

Freelancer Caroline had built up a small financial cushion the year before and was fortunate to be able to fall back on it. "Ik deliberately applied for as few grants as possible". For several separate months, she applied for the bridging right and compensation premium. "I'm keeping my head above water but it's sad to see that the buffer you worked so hard for is now gone."

The bridging right was created by the government in March 2020 to support entrepreneurs who were forced to shut down their operations. Even during the second wave (June to December), freelancers who were unable to start up or were unable to do so sufficiently can again claim this premium. In addition to the bridging right, there are numerous other aids such as the nuisance premium and the compensation premium available. In addition, the self-employed also get some much-needed favoritism such as tax and VAT deferrals.

Also Kurt appealed for government support, the subsidy scheme was his salvation."I unfortunately qualified for every premium and they were very welcome with an empty schedule". But what did freelancers actually think of how the government arranged the support? Sabine, an expert on grants, notes that the grant scheme was tiptop. "The government made a huge contribution to ensure that we could survive as much as possible." Currently, we read that during the first wave, the government has already put more than a billion euros into the granting of premiums.

But not everyone had to rely on these premiums. For some, though, the corona crisis was lucrative. Freelancer Thibault namely, saw how he could save a lot on transportation costs during the lockdown. "I don't charge transportation costs, because I don't think they add value to my customers, since working from home saved me this cost".

Wi

Would you like to keep up with more news about GiGHOUSE and the GiG TALKS?

Then sign up for the newsletter below.
Newsletter for freelancers
Newsletter for clients

Freelancers? No thank you! They are too expensive for our business!

February 6, 2024 #Money #utor #P Price

An analysis shows that freelancers' costs are comparable to those of permanent and temporary workers, making choosing expertise over contract form essential; GIGHOUSE advocates valuing flexible forms of employment and the use of independent experts.

4 min.
Read Blog
Freelancer summit

3 reasons why you should attend the Freelancer Summit

October 10, 2023 #events #freelancers

The Freelancer Summit offers freelancers valuable opportunities for networking, continuing education and personal meetings with matchmakers.

5 min.
Read Blog

Why choosing a niche as a freelancer is important

July 18, 2023 #freelancers

Find out how to ensure you can charge higher rates and get more meaningful projects by researching market demand and improving your skills.

5 min.
Read Blog
hr policy

Labor regulations vs. company policies: can we still see the forest for the trees?

July 12, 2023 #freelancers #HR

Employment regulations or company policies? For many HR freelancers, it is often unclear. Law firm A.lex clarifies.

5 min.
Read Blog

My freelance activity: as a natural person or under a corporation?

July 11, 2023 #free #freelancers #earning as a freelancer

Freelancer in Belgium: Choosing between individual or company? Discover legal, tax and financial insights for the best choice. Case study shows financial difference. Make smart decisions with professional advice!

5 min.
Read Blog
copperworks

Why 100% working from home is not a good idea

July 11, 2023 #freelancers

Working from home has advantages, but also disadvantages such as blurred work-life separation, reduced social contact and inappropriate infrastructure. Variety and co-working spaces help freelancers find balance.

3 min.
Read Blog

Subscribe to the newsletter




    [honeypot id number]






    I have read and understand the privacy policy.