translating salary to hourly rates

[James Knott]

Fraser Campbell wrote:
> On Wednesday 25 July 2007 08:11:19 Dave Cramer wrote:
>   
>> On 25-Jul-07, at 8:06 AM, Fraser Campbell wrote:
>>     
>>> On Tuesday 24 July 2007 09:18:38 Christopher Browne wrote:
>>>       
>>>> 3.  Remember to add 7% for GST...
>>>>         
>>> 6% ;-)
>>>       
>> You really shouldn't add GST to the hourly rates. GST is not an
>> expense to the customer. Any GST you charge they get back from the gov't
>>     
>
> Not exactly sure what you mean.  Adding GST to any IT contract is standard 
> practice.  Customer gets billed $/hr + $/hr * 0.06 for every hour invoiced.
>
>   
He means you quote your rate and say plus GST.  Just like in the store, 
you see the price you pay and then the cashier adds the tax to that 
price.  Since businesses can pass through the GST, it's not an expense 
for them.
A business customer will always want the GST itemized for that reason.  
The exception would be if your self employed income is less than (IIRC) 
$30,000, in which case GST is not charged, nor passed through.


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