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The Ministry of Business, Innovation and Employment has created a calculator which helps work out how much you should charge per hour to achieve your desired income.

Go to www.business.govt.nz and type charge-out-rate-calculator.

The best way to identify your overheads is by referring to your last set of financial statements.

Don’t underestimate your non-chargeable time. If you were to keep a diary of what you do every day and how long you take, you would soon discover how much time is not being charged.

The calculator could be better as it works in whole number of hours per day only.