We recently came across a calculating tool for people moving from a salary to freelancing or contracting for the first time … just enter your ideal gross annual salary and it calculates your day rate and hourly rate. It shows you how it calculated these figures – you may wish to check these calculations with your trusted accountant.

https://www.whatismydayrate.com/

If you think someone you know might be interested, feel free to share on your favourite social channel.

Obviously this is general advice only and may not suit your specific circumstances.  If you’d like advice or assistance with tax returns, BAS or bookkeeping, get in touch – just call 3245 1466 or email info@tbctax.com.au.  We’d love to help.