The hidden costs of employment
Often, the first question my potential clients ask in deciding whether to engage my services is, "How much do you charge"?
After I've told them, I then turn around and ask them, do you know how much it actually costs to employ a bookkeeper? For instance, an employee bookkeeper hired part-time for 20 hours work per week, at $25 per hour, actually costs $32,434 per year when all employment oncosts are taken into account. A contract bookkeeper hired at $50 per hour, for 12 hours per week and 48 weeks of the year, would cost this employer $28,800, an annual saving of $3,634.
Remember, when you engage an external bookkeeper, you are not paying for annual leave, personal/carers leave, superannuation, public holidays, workers compensation, or payroll tax.
You love the business. I love doing the books.
After I've told them, I then turn around and ask them, do you know how much it actually costs to employ a bookkeeper? For instance, an employee bookkeeper hired part-time for 20 hours work per week, at $25 per hour, actually costs $32,434 per year when all employment oncosts are taken into account. A contract bookkeeper hired at $50 per hour, for 12 hours per week and 48 weeks of the year, would cost this employer $28,800, an annual saving of $3,634.
Remember, when you engage an external bookkeeper, you are not paying for annual leave, personal/carers leave, superannuation, public holidays, workers compensation, or payroll tax.
You love the business. I love doing the books.
