Hi Michael, If this continues for a year you'll gross about $32,000. Is that enough to keep you going? Will that give you enough time to do work for the other cleints that you can bill at a higher hourly rate?
In Canada, if you earn more than 50% of your income from a single client, you are considered to be an employee of that company and are treated as such by the Canada Revenue Agency. Don't know the rules in the U.S. Also you have to ask yourself, if you want to be an employee contractor or an independent business person. That may quickly make up your mind. Your rate for one project is not necessarily the rate for any other project. Perhaps you should see what the latest project and quote a different rate. Good luck. > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf > Of Michael Madigan > Sent: Friday, March 07, 2008 3:47 PM > To: ProFox Email List > Subject: [NF] need opinon > > I started doing a 20 hr/week consulting gig for this > company at a ridiculously low rate of $32.00 /hr as a > 1099 contractor. No benefits at all. It's like > having a $42,000 job with benefits assuming I worked > 40 hours a week. I took this to smooth over the > dramatic drop in business from my home builder > clients. > <snip> _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
