IT's not rocket science. For a rough estimate:
(((day rate) x (expected no of days worked per year)) - (likely expenses)) * 80%) will get you in the ball park. Or even simpler, assume net 70% of your gross and any more would be a bonus.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Net Revenue forecasting
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Net Revenue forecasting"
Collapse
-
Originally posted by PerfectStorm View PostCould you use the Nixon Williams takehome calculator and plug different rates into it? If you select the option to see more info it will show you some of the working too.
Leave a comment:
-
Originally posted by PerfectStorm View PostCould you use the Nixon Williams takehome calculator and plug different rates into it? If you select the option to see more info it will show you some of the working too.
Leave a comment:
-
Could you use the Nixon Williams takehome calculator and plug different rates into it? If you select the option to see more info it will show you some of the working too.
Leave a comment:
-
Lol. If you can't work that out then how can you have any sort of grip on your company finances?
Leave a comment:
-
Net Revenue forecasting
Hi All,
I'm wondering if someone can help me out with a question I have. I'm trying to put together a basic and very 'crude' formula to enable me to do some revenue calculation comparisons.
Basically I want a spreadsheet with a different daily rate in each column, number of days worked in a month and VAT applied etc. I then want a formula to calculate my annual revenue (with some assumption on number of days worked over the year etc) and I want to apply a very basic formula to calculate the income net of tax (all tax - capital gains, income, VAT). But I'm not looking for a comprehensive set of calculations (I'll let my accountant do that for me). I'm looking for a very crude formula (like somewhere between 20 - 35% maybe?) to enable me to do some revenue forecasting and also some 'what if' analysis based on different business development options and different possible rates of pay being earned.
I hope my question is clear enough for people to answer but please advise if further clarification is required.
Thanks in advance for my replies
jonniuTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: