what would you have charged?

[spooner68]

i did the job over 2 weekends and a few evenings which hours wise made up about 6 , 8 hour days. i charged the customer £600,but spent £150 on materials so got £450 profit.

Just a thought here but you didnt make a profit of £450, that was your contribution to profit. In reality, and what a lot of people forget, is that you have overheads as well. You need to factor in the cost of paying for your van, diesel, insurance, road tax, servicing, mot, business insurance, tools, depreciation on tools equipment and van, phone costs, etc etc. Unless your van is paid for you probably have a weekly cost of £60 - £100 for all of that. More if like me you work in a larege rural area and do a lot of miles.

I worked mine out to £115. If your costs are similar then thats £335 you made before any tax and NI....... and don't say that you take cash and dont declare it. The black economy is a nightmare for quality tradespeople.

 

[boldydave]

good point spooner.i`m only part time and work from the boot of my car at the moment,but i can see how much more i`d need to earn to make a good living self employed.the time i stated didn`t include pricing the job,or collecting materials either.

 

[widler]

Just a thought here but you didnt make a profit of £450, that was your contribution to profit. In reality, and what a lot of people forget, is that you have overheads as well. You need to factor in the cost of paying for your van, diesel, insurance, road tax, servicing, mot, business insurance, tools, depreciation on tools equipment and van, phone costs, etc etc. Unless your van is paid for you probably have a weekly cost of £60 - £100 for all of that. More if like me you work in a larege rural area and do a lot of miles.

I worked mine out to £115. If your costs are similar then thats £335 you made before any tax and NI....... and don't say that you take cash and dont declare it. The black economy is a nightmare for quality tradespeople.

why is that then?

 

[spooner68]

[/B]
why is that then?

Cash only jobs, and ONLY cash jobs, no vat, no income tax..... Do I really need to explain?

 

[widler]

Cash only jobs, and ONLY cash jobs, no vat, no income tax..... Do I really need to explain?[/QUOT

well,if the fellow is working as well,which looking in to his posts, he is,he is paying tax in his other job spooner,
if he is dossing,getting his house paid for and everything else, then i totally agree with you mate.

but me,id rob these robbing bar attendents who run our country,as long as im paying my due,for as much as i can:smilewinkgrin:
it certinly don't mean im a bad person or tradesman