![]() To be safe, you reserve 30% of your net profit for the payment of income tax. This means you pay a lower amount of tax. You may be eligible for an entrepreneur's allowance or an SME profit exemption. TaxesĪs an entrepreneur with a sole proprietorship you pay income tax. You therefore need a net income (after deduction of income tax) of €22,680 per year. In addition, you reserve 8% for your holiday: €1,680. To live on, but also to save and for your pension accrual. Suppose you want to end up with €1,750 net per month. Step 2: how much do you want to end up with? Let us use €11,150 in business costs as an example. You may also be faced with costs for administration, inventory, selling and representation, car, interest, depreciation and insurance. In addition, it is wise to get insurance. One of the largest expenses is the rent of an office or other work space. There are fixed and variable costs and start-up costs. Note: In the video, the income-related health insurance contribution is still calculated at 5.75%, the rate of 2021. For English subtitels to the video above, click the settings wheel, click ondertiteling and select English. Or watch the video 'Calculation example of your hourly rate' ('Rekenvoorbeeld van je uurtarief', in Dutch). Is your service in great demand, and are there few competitors who can do what you can? Then you can ask for a higher hourly rate than when you are the umpteenth with the same activity. If your rates are way above or below your competitors’ rates, you have some explaining to do to your customer. Your hourly rate, after deduction of business costs, must be sufficient to end up with at least this amount. ![]() When determining your hourly rate, take into account:ĭetermine the minimum amount you need per month to live on and pay your bills. How do you set the right rate? 3 principlesĪs an entrepreneur, you determine what a good hourly rate is. A high rate scares off customers, but a low one may yield too little income and may undervalue your qualities. Determining your hourly rate is not that easy.
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