Complete toolkit for freelancers and independent contractors to build sustainable, profitable businesses. Calculate fair hourly rates, estimate taxes, price retainers, and manage project scope. These tools help you move from survival to thriving as a freelance professional.
Calculate the minimum billable rate that covers costs, taxes, and profit for freelancers.
Estimate self-employment, federal, and state taxes for freelancers and independent contractors.
Calculate optimal monthly retainer pricing that covers buffer time, overhead, and profit margins.
Calculate the financial impact of additional work requests and scope changes on freelance projects.
Calculate the cost of late invoice payments including financing costs, opportunity loss, and potential late fees.
Set profitable hourly rates that cover all costs
Accurately estimate quarterly and annual taxes
Price retainers for predictable income
Calculate the cost of scope creep
Create competitive yet profitable proposals
Understand the impact of late payments
Consider your desired annual income, billable hours, business expenses, taxes, and benefits. Our calculator factors in all these elements plus a profit margin to ensure sustainability.
Freelancers typically pay self-employment tax (15.3%), federal income tax, and state income tax. Quarterly estimated payments are usually required for amounts over $1,000.
Retainers work well for ongoing relationships, predictable workloads, and when clients need reliable availability. They provide income stability for both you and your clients.
Educate clients about budget and timeline impacts. Document scope changes in writing.