What are the real on costs?

[dumper]

Training costs 500/1500 yr

[eggsarascal]

1 minute ago, dumper said:

Training costs 500/1500 yr

Taking your figures into account how much does he make you a day?

[dumper]

It’s not quite that simple but on those figures I like to think £250 profit per week

[eggsarascal]

1 minute ago, dumper said:

It’s not quite that simple but on those figures I like to think £250 profit per week

Let's say £50/day, good ain't it?

 

I'll leave it to all to work out why I asked a question that I knew the answer to until tomorrow.

[monkeybusiness]

44 minutes ago, eggsarascal said:

Let's face it, you started it with £150, what's that mean?

 

Your original question asked what someone being paid £100/day on the books actually costs a business per day.

I answered your question, but (still) don’t understand your follow up. 

 

 

[dumper]

To make money you should double what you pay your labour include in this tax and national insurance so pay £100 plus tax £20 plus national insurance say 6% £6 = £126 x 2 =£252.00 to charge 

[Ty Korrigan]

Here in France, there are a few online simulators to help calculate employee costs as far as taxation goes.

There are variables but as a rule, an employee costs you almost 100% again in social charges and payslip accounting then whatever tooling, clothing or transport you supply.

Profit margin after all this.

I know some talk of a 5% net profit but that is terribly low and gives little chance for growth.

My own taxation as self employed is eyewatering enough at around 50% in every net euro then a personal income tax levied on top.

Some unlucky buggers I know pay a 64% rate as a result.

 

[daveatdave]

On 15/09/2019 at 23:31, dumper said:

To make money you should double what you pay your labour include in this tax and national insurance so pay £100 plus tax £20 plus national insurance say 6% £6 = £126 x 2 =£252.00 to charge 

you forgot to add pension, payroll costs, employers liability insurance, ppe, holidays, lost time to weather/breakdowns travel time to the jobs         

[dumper]

I was trying to make it easy

 

[daveatdave]

yes but its not easy employing someone with all the costs before you start making money these days