- May 17, 2020
- 169
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- 137,218
- If you're a qualified, trainee, or retired electrician - Which country is it that your work will be / is / was aimed at?
- United Kingdom
- What type of forum member are you?
- Practising Electrician (Qualified - Domestic or Commercial etc)
- Business Name
- M B Electrical Services
Agreed. I have managed to get a sneaky peak at some invoices recently and it has given me a bit of a guideline to what sort of prices I should aim for.Remember that working on your own has a lot of overheads (costs & time) so you need to be charging about double what you need for a reasonable salary.
Speak to an accountant about what is needed, they should be able to handle most of the stuff (for a fee...) in terms of tax and PAYE management. They can also advise you about trade off going sole, or Ltd company, etc as well as to VAT or not to VAT (short version, keep below threshold unless you can go comfortably above it to pay for extra paperwork).
As above, don't get in to a race to the bottom on pricing, keep to what is reasonable in your area for reputable sparks.
EICR are in such a race but demand is high, so make sure you sell yourself as doing it properly and fixing trivial things included in the cost (e.g. odd cracked socket) - give folk a reason to pay you a working wage instead of a drive-by monkey filling a form and not actually doing the safety work needed.
I will definitely not undersell myself.
One of my friends is self employed (not an electrician) and I spoke to him last night, he has given me the number of his accountant. He gets tons of advice off him and he deals with everything too, there is no stress as he keeps good records. Sounds straightforward enough to me.
I would definitely be fixing broken sockets etc at my expense in order to increase my reputation!
