28th August 2009, 06:19 PM
Sorry Peter, but you are appear to be wrong on at least one point.
BAJR rates are for employees, not self-employed. David has several times had to consider whether potential advertisers of self-employed positions meet his rates. He has said no to the unit in question, but agreed to advertise another unit at ?100 a day+. Anyway I was talking about IFA rates. But no, the turnover is not the same as the BAJR rate and to suggest that it is is really rather naive or disingenuous.
Yes everyone pays tax, yes it is not simple, yes consult a properly qualified person (another cost). When taking a quote and cutting it short it is usual to place '...' before or after as appropriate to indicate it is an extract, otherwise you are in danger of taking things out of context and misrepresenting me. The article in The Digger talks about someone saying they thought they'd get away without paying tax, I was addressing this point and making a list of the various costs, some common to employees, some unique to self-employed, some just different levels. The overall point I was making is that there are a wide range of extra costs to self-employment, and tax may be one of those. Tax rules are slightly different for self-employed, and you may have to pay tax in advance. You may also have to pay tax on accomodation, which can add up. People have been caught on this by HMRC. You pay more NI as a self-emplyed person, and i left out the fact that you are the only person paying into your pension pot. The IFA gives a value of ?903.21pa on the pension contributions alone for PIFA.
http://www.archaeologists.net/modules/ic...p?page=206
I think you would be doing well to cover all business costs and taxes and insurance etc inside of ?2Kpa, of course some costs become business costs when self-employed and are tax deductable, it is swings and roundabouts, but there are many additional and unforeseen costs to bear. If you run your self-employed business as a proper business then I think costs will be very much over the ?2K you give. I backed this assertion up with the reference I made to the IFA paper (unpublished unfortunately, but why not email Kate Geary and ask for a copy) that states that a ?2005 MIFA minima requires ?200 as a dayrate.
You pay for your own holiday as you do not work those days, it affects the number of days in which to earn income. Sorry if that is not clear.
I enjoy a balance of freelance and employment at the moment, I like the flexibility and challenge, but it is certainly one way to find out what all those office bods back at unit HQ actually do for you. Anyone tempted by such adverts should get good advice from existing bona fide freelancers, and tax and/or employment professionals about the hidden costs.
BAJR rates are for employees, not self-employed. David has several times had to consider whether potential advertisers of self-employed positions meet his rates. He has said no to the unit in question, but agreed to advertise another unit at ?100 a day+. Anyway I was talking about IFA rates. But no, the turnover is not the same as the BAJR rate and to suggest that it is is really rather naive or disingenuous.
Yes everyone pays tax, yes it is not simple, yes consult a properly qualified person (another cost). When taking a quote and cutting it short it is usual to place '...' before or after as appropriate to indicate it is an extract, otherwise you are in danger of taking things out of context and misrepresenting me. The article in The Digger talks about someone saying they thought they'd get away without paying tax, I was addressing this point and making a list of the various costs, some common to employees, some unique to self-employed, some just different levels. The overall point I was making is that there are a wide range of extra costs to self-employment, and tax may be one of those. Tax rules are slightly different for self-employed, and you may have to pay tax in advance. You may also have to pay tax on accomodation, which can add up. People have been caught on this by HMRC. You pay more NI as a self-emplyed person, and i left out the fact that you are the only person paying into your pension pot. The IFA gives a value of ?903.21pa on the pension contributions alone for PIFA.
http://www.archaeologists.net/modules/ic...p?page=206
I think you would be doing well to cover all business costs and taxes and insurance etc inside of ?2Kpa, of course some costs become business costs when self-employed and are tax deductable, it is swings and roundabouts, but there are many additional and unforeseen costs to bear. If you run your self-employed business as a proper business then I think costs will be very much over the ?2K you give. I backed this assertion up with the reference I made to the IFA paper (unpublished unfortunately, but why not email Kate Geary and ask for a copy) that states that a ?2005 MIFA minima requires ?200 as a dayrate.
You pay for your own holiday as you do not work those days, it affects the number of days in which to earn income. Sorry if that is not clear.
I enjoy a balance of freelance and employment at the moment, I like the flexibility and challenge, but it is certainly one way to find out what all those office bods back at unit HQ actually do for you. Anyone tempted by such adverts should get good advice from existing bona fide freelancers, and tax and/or employment professionals about the hidden costs.