Hello, am here again in the search for advise. I am really getting desperate on this charging issue. I get the concept, from hourly rate as well as adding direct and indirect expenses, payroll, etc. What I am really having a hard time is figuring out how to add all this so I can come up with a reasonable bid.
Ok, here is what I don't get: If I put the hourly rate at $10.00 an hour how would I add to this hourly rate taxes that i need to pay, direct-indirect cost, profit margin, and sales tax (this is the easiest).
I live in Florida, I know self employed taxes are 15.3%, for SS + Medicare.
how would i ADD the Federal Income Tax Rates that the IRS has and that I have to pay with self employed taxes? Please if you have a formula that you use and can share please give me an advise.
Also what about if it is a one time cleaning, how would you price this? would that be charging it on how much will it take me to clean it? How can I figure the rate for the time it take me to clean it?
I bought this janitorial bidding software online which is not bad but there is a part that ask me to add the percentage to the holy rate that i input. example: I place $10 and hour, what about is my expenses are 227 a month, what percentage is that added to $10? very confuse..
Thank you for reading and listening, have a great day to all.