hello, so for this example the total cost was $13K you divide that by .7 and you get $18.5K, is $18.5K what you would charge in total or would you add it to the $13K to get a total?
When you’re doing an estimate. Do you also take in consideration how much you will be paying in taxes ? As in your “additional costs”? Or do you get that from your 30% profit ??
No, we do not. Taxes are much trickier for your company than a simple "tax" that you add to your projects. I do recommend finding a really good CPA to assist you with this part of your business.
hello, so for this example the total cost was $13K you divide that by .7 and you get $18.5K, is $18.5K what you would charge in total or would you add it to the $13K to get a total?
When you’re doing an estimate. Do you also take in consideration how much you will be paying in taxes ? As in your “additional costs”? Or do you get that from your 30% profit ??
No, we do not. Taxes are much trickier for your company than a simple "tax" that you add to your projects. I do recommend finding a really good CPA to assist you with this part of your business.