Can't Start ASAP = HR asks if I'd 1099. Figuring out a rate?
December 13, 2011 10:28 AM Subscribe
I have a hybrid question about working 1099, going rate for Enterprise Content Management/Digital Asset Management work, & maybe even accounting for costs when it'd be in San Francisco. No secret snowflake details, just how the heck do I figure out if it could work and for what amount of money?
posted by gov_moonbeam to work & money (9 answers total)
Hopefully not too much tl;dr but the basic story:
* Interviewed for a job in San Francisco.
* Live in Sacramento, have family-related commitments here through New Year's that preclude moving quite yet.
*Employer is a month away from the first release of this project and already in crunch, we need help mode.
I've had several phone interviews, they like me and I like them, so yesterday was the first in-person interviews. The hiring manager got sick so I had to talk to her on the phone again and then had a follow up with the HR person. I've explained to them about my commitments and so far the hiring manager has said that's something they'd be willing to work around.
After all the other interviews, I had to meet with HR and that person started talking about how maybe if my schedule right now is crunched, I could freelance for them until the start of their next fiscal year. It's a little out of left field and hasn't been mentioned to me at all by the hiring manager, but for the sake of due diligence I said I would give an hourly rate quote. Except now I'm trying to figure out all the details ~
1. It would be 1099, so what % mark-up to cover paying your own taxes. From reading here and a little on the IRS site, it sounds like you should reserve 30% of your pay rate for the taxes.
2. It's Enterprise Content Management/Digital Asset Management work. I know what the rate is here in Sacramento, so besides using that as a baseline when the cost of living/salary is lower, what % more for San Francisco given the increased cost of living there?
3. Other expenses like gas/train and if I have to get housing for something like AirBnB if my friends' couches aren't free for a given week/night.
It's a bit of a crazy question, but I am still interested in this company and am willing to entertain the quote request as part of my due diligence process. Any insight into what factors to include in calculating a rate would be much appreciated!