Establishing a charge rate for a working artists or designer - worksheet Name
Rhombus Design
£ £
1
Annual income required
2
Additional employment related costs
£
Sub total brought forward
100,000
4744
Research costs Books and magazines
224
materials for research
100
travel for research Employer's NIC
3.70%
3700
Pension contribution
3.00%
3000
50
Other
0
Professional services 3
4
Total emplyment costs
106700
Overhead costs
Business insurance
120
Professional and product liability
0
Pulic liability insurance
0
Accountant
0
Legal advice
0
IP costs
0
other
0
Promotional costs Advertising
Premises costs Rent
3144
Printed materials
0
Public relations
0
Samples
0
Business Rates
0
Photography
Electricity
0
Design services
Gas
0
Web site
15.98
Repair
0
Signage
100
Security
0
shopfitting
0
Other
0
Branding
0
Telephone
1000 0
Equipment
Land line costs
0
Mobile phone
480
Postage
200
IT costs Software
0
Paper
200
Repair
400
Ink cartridges
200
CDs
0
Computer periferals
0
Camera
0
Workshop equipment
0
Tools
0
Studio equipment
0
Office furniture
0
4744
52
260
5000
Total overhead costs 6
5x
0
Computer
Loan repayments
Available work days Annual workdays
Car (business element)
Finance costs
0
Sub Total 5
100
11333.98
Charge Rates
Labour only rate Total employment costs divided by total chargable days
Less
Bank Holidays
8
Annual Leave
10
Professional development
3
Research
6
Quoting & presentations
5
Admin and accounts
2
Unexpected events
6
sub total
40
106700
220 £485.00
Overheads rate Total overhead costs divided by total chargable days 11333.98
220 £51.52
Total Daily charge rate 220
£536.52