Day Rate

[DHTiling]

what is the amount of tax for self employed and how much is ni

here you go mate just for you.....

http://www.tilersforums.com/tilers-forums-arms/5630-basics-tax-system.html#post44279

 

[Varley]

It's always tricky pricing up when you are new, as when your new, your basically slower at working, so you generally price up the first job you get to quote on, think it'll take you a day and a half for the splashback, quote £225 for your day and a half, then jop ends up taking 3 days, :lol:

You come away with mixed feeling, pleased that you have your first job under your belt, but a bit miffed cos you only got £75 per long day.

It happens to a lot of people, but once the speed comes up, you end up doing it in a long day, maybe a morning too, making it very worth while.

General rule of thumb, you'll end up doing the first few jobs for not too much money with the time it takes you, then the speed comes and you knock off 2 days or so from what it takes to do a whole bathroom and you end up with good money.

Just stick in there, and get the first few out of the way without bothering too much about the money.

Absolutely spot on mate, and thats exactly how I price most kitchen splashbacks, 1 1/2 Day rates.

 

[grumpygrouter]

what is the amount of tax for self employed and how much is ni

The amount of tax for self employed is exactly the same as if you were employed, same rates and same thresholds. What does differ slightly is that being self employed you must pay Class 2 NI which is currently £2.20 per week and class 4 contributions on any profit in excess of the single persons tax threshold, currently £5225 per year. The NI on any balance over this is charged at 8%. i.e if you had "taxable profit" of £10,000 you would pay 8% of £4775 (10,000- 5225 = 4775) = £382.

Grumpy

 

[CLAYS TILES]

The amount of tax for self employed is exactly the same as if you were employed, same rates and same thresholds. What does differ slightly is that being self employed you must pay Class 2 NI which is currently £2.20 per week and class 4 contributions on any profit in excess of the single persons tax threshold, currently £5225 per year. The NI on any balance over this is charged at 8%. i.e if you had "taxable profit" of £10,000 you would pay 8% of £4775 (10,000- 5225 = 4775) = £382.

Grumpy

comes in handy having grumpy here..............especially as he don't charge us!:yes:

 

[Perry]

he might they send you a invioce only once a year not the end of the year yet :lol:

 

[myhometiling]

when i started out i charged £120. - £150. per day. i now charge £150. - £180 & at times more. keep the prices up its best for all.. i need the beer vouchers.


calvy...

 

[Dan]

I agree with the above. You need to charge well for your time once you're up to speed. Aim high.

 

[Fekin]

I was in a chippie the other day, only 10 mins away from where I live.

It's a nice quiet rather posh village, very expensive area to live, mid terrace house £180,000, well their called cottages round there because they would turn their nose up at the dirty word "terrace".

Anyway, in this chipp shop, they have a large notice board up for people to pin their cards too, and after I had pinned my card I had a good look at all the other business cards, and there was only one other tiler on there.

Name.. blah blah

Time served tiler, prices from £15 per sqm, any genuine quote beaten, with only a mobile number on it.

Now for that price I doubt they lived anywhere around there.

 

[Gazzer]

Yeah i have seen "PRICES FROM" but i doubt the ever give those prices.

 

[strongboes]

I aim for 150 a day, well not aim I charge 150 a day minimum unless special circumstances e.g I think they have more work for me or will be a good advert.

Last week was a good one, I worked 5 full long days and 2 halves and after all expenses, tax, fuel e.t.c I earned 1175. woo hoo! lol