On 5/11/11 11:55 PM, Velda Christensen wrote:
> Alright, you can take this with a grain of salt since it comes from a
> designer's perspective, but here you go:
> 
> Doing 1099 work at near-W2 rates just creates headaches - you've got
> extra taxes and other expenses to cover, not to mention the cost of
> holidays and buying your own insurance, unpaid time you spend keeping
> books, etc.  And while it's easy enough to charge a lot less when
> you're only moonlighting, you never know when 1099 work might become
> your full time gig.

+1 - Make sure you get a great tax guy that can help with this. It will save you
tons of time and headache and make sure you invest; that will help you out a 
ton.

> So my recommendation (based on the recommendations of several good
> friends) is to use a calculator like http://freelanceswitch.com/rates/
>   to figure out how much you'd need to charge per hour if you were
> freelancing full time.  And then just charge that rate.  Another
> helpful hint from my friends is to keep timestamps as you work, with
> separate logs for paid and unpaid work so you can get a feel for your
> ratio of paid to unpaid time.  I just use a tool like this one to
> process my logs... http://monsterguitars.com/hours/ .

For mac users, there is a great app called Billings that does a great job
tracking all your clients, projects (paid and personal), time tracking,
invoicing, invoice creating and a ton of other items. For the cost, it is a
fantastic tool and the mobile integration is great.


-- 
thebigdog

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