Dr. Freelance, I just started a new job, but my former employer has asked me for pricing on some freelance jobs on the side to help them with a large proposal they’re working on. I’ve determined that a set hourly rate will work better than a lump sum fee, due to fuzziness on the scope and my previous experience with this group. I’ve always been a salaried employee and am clueless how much to charge! I can do a simple calculation on what my “hourly rate” is based on my current salary, but they will obviously 1099 me, so I’ll have to pay taxes, etc. What’s your advice?—Boomerang Baby [Read more…]