Bluebell
28-10-2013, 10:58 PM
If you had to 'guestimate' your net income versus your gross what would you say it would be 25%? more? less?
I know we take 10% off straight away for wear and tear and I reckon we must take off at least another 10% off for other costs - household costs, mileage, resources, outings, professional memberships.
I know it varies from year to year and childminder to childminder but what would you say is yours - if you wanted to estimate what your actual income is?
( I would go by last years tax return but it was pretty poor and I'm hoping I'm earning more this year.)
Also for purposes of your own time and effort spent on paperwork, cleaning etc do you include that time when you look at what your income is? We are obviously not getting paid for training courses, professional development, meetings and paperwork but that is part of our job - time we have taken that if we were employed it is likely we would be paid for?
I know we take 10% off straight away for wear and tear and I reckon we must take off at least another 10% off for other costs - household costs, mileage, resources, outings, professional memberships.
I know it varies from year to year and childminder to childminder but what would you say is yours - if you wanted to estimate what your actual income is?
( I would go by last years tax return but it was pretty poor and I'm hoping I'm earning more this year.)
Also for purposes of your own time and effort spent on paperwork, cleaning etc do you include that time when you look at what your income is? We are obviously not getting paid for training courses, professional development, meetings and paperwork but that is part of our job - time we have taken that if we were employed it is likely we would be paid for?