Establishing a charge rate for a working artists or designer - worksheet Name
Dialect
£ £
1
Annual income required
2
Additional employment related costs
£
Sub total brought forward
100,000
8748
Research costs Books and magazines
1000
materials for research travel for research
Employer's NIC
%
Other
Pension contribution Professional services 3
4
Total emplyment costs
100000
Overhead costs
Business insurance
Accountant
250
Legal advice
250
IP costs
100
other
Professional and product liability Promotional costs Pulic liability insurance
Advertising
3000
Printed materials Premises costs
Public relations
Rent
5,760
Samples
Business Rates
Photography
Electricity
-
0
Design services
Gas
Web site
100
Repair
Signage
0
Security
shopfitting
0
Other
Branding
0
Telephone
Equipment Land line costs
360
Car (business element)
Mobile phone
Computer
0
Computer periferals Postage
Camera
IT costs Software
2,608
0
Workshop equipment
1000
Tools
1000
Studio equipment
Paper
Office furniture
0
Repair Ink cartridges
o
CDs
Finance costs 20
Sub Total 5
Loan repayments
8748
Available work days
Total overhead costs 6
Annual workdays
5 x
52
260
15448
Charge Rates
Labour only rate Total employment costs divided by total chargable days
Less
Bank Holidays
8
Annual Leave
15
Professional development Research
100000
£476.19
0
Overheads rate
2
Quoting & presentations
8
Unexpected events
2 sub total
Total overhead costs divided by total chargable days
15
Admin and accounts
50
210
15448
210 £73.56
Total Daily charge rate 210
£549.75