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Yearly Business expenses Amount Description
Taxes $7,500 Property taxes etc.
Rent / Mortgage $20,000 Rent and mortgage for office, car etc.
Travel $6,000 Tickets (air, bus, boat), taxi, gas, hotel
Office equipment (hardware) $1,000 Furniture, computer, phone, fax, printer
Software $1,000 Any type of software needed for your business
Communication charges $2,400 Fax, internet, phone charges
Postage / shipping / utilities $500 Postage, shipping and utilities costs
Insurance $5,000 Liability, health, life
Legal fees $3,000 Cost for any legal support that might be required
Business licenses / permits $1,000 Cost for required licenses and permits for your business
Accounting $2,500 Support cost for accounting
Office supplies $2,000 Cost for stationary, paper, printer cartridge
Advertising, marketing $2,000 Cost for advertising and marketing
Training / education $2,000 Cost for continued training and education
Meetings, conferences $1,000 Cost for meetings and conferences
Associations / magazines $1,000 Cost for professional associations and magazines
Other business costs $1,000 All other business related costs
Business costs: $58,900
Yearly Personal expenses Amount Description
Your Salary $90,250 See Personal Payroll Calculator
Billable hours Amount Description
Days of vacation 45 How many days vacation do you plan per year
Average hours / week 40 How many hours per week you worka normal week
Average hours / day 8 How many hours per day you worka normal week
Average workdays / week 5 How many days per week you work a normal week
Sick days / year 5 How many days per year you are sick
Public holidays / year 7 How many public and religious holidays per year
Percentage of time that is billable 50% Percentage of hours you can actually bill
Collection rate 90% Percentage of your hours you get paid for
Billable hours: 731
HOURLY RATE Amount Description
Yearly business costs $58,900 Cost
Yearly personal costs $90,250 (Your Salary)
Yearly billable hours 731 Hours
Yearly Wanted Profit $29,830 Your targeted yearly profit, typically 10 - 30%
Calculated hourly rate: $245 Calculated hourly rate
Break-even hourly rate: $204 Calculated hourly rate to break even
HIRE A CPA

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onemanshowpersonalpayrollandlaborrate

  • 1. Yearly Business expenses Amount Description Taxes $7,500 Property taxes etc. Rent / Mortgage $20,000 Rent and mortgage for office, car etc. Travel $6,000 Tickets (air, bus, boat), taxi, gas, hotel Office equipment (hardware) $1,000 Furniture, computer, phone, fax, printer Software $1,000 Any type of software needed for your business Communication charges $2,400 Fax, internet, phone charges Postage / shipping / utilities $500 Postage, shipping and utilities costs Insurance $5,000 Liability, health, life Legal fees $3,000 Cost for any legal support that might be required Business licenses / permits $1,000 Cost for required licenses and permits for your business Accounting $2,500 Support cost for accounting Office supplies $2,000 Cost for stationary, paper, printer cartridge Advertising, marketing $2,000 Cost for advertising and marketing Training / education $2,000 Cost for continued training and education Meetings, conferences $1,000 Cost for meetings and conferences Associations / magazines $1,000 Cost for professional associations and magazines Other business costs $1,000 All other business related costs Business costs: $58,900 Yearly Personal expenses Amount Description Your Salary $90,250 See Personal Payroll Calculator Billable hours Amount Description Days of vacation 45 How many days vacation do you plan per year Average hours / week 40 How many hours per week you worka normal week Average hours / day 8 How many hours per day you worka normal week Average workdays / week 5 How many days per week you work a normal week Sick days / year 5 How many days per year you are sick Public holidays / year 7 How many public and religious holidays per year Percentage of time that is billable 50% Percentage of hours you can actually bill Collection rate 90% Percentage of your hours you get paid for Billable hours: 731 HOURLY RATE Amount Description Yearly business costs $58,900 Cost Yearly personal costs $90,250 (Your Salary) Yearly billable hours 731 Hours Yearly Wanted Profit $29,830 Your targeted yearly profit, typically 10 - 30% Calculated hourly rate: $245 Calculated hourly rate Break-even hourly rate: $204 Calculated hourly rate to break even HIRE A CPA