Hi all.
I have been doing this and wanted some feedback from other ICs on how they handle the same.
I currently have 10% of my check put into an account for all taxes and 5% for PTO time, which should equal about 13 days a year, maybe more depending on how much I work. My husband gets floating days off (works at a casino) and gets 5 weeks (imagine that!) and I think I would like to work up to that per year. Currently at the 5%, I am at about 3 weeks, so not too far off. I am just not sure I want to have 9% taken out for vacation time. That seems like so much hehe Maybe I could increase by 2% each year and by 2010 be up to the 9% or 5 weeks off a year.
I do pool work, so taking time off with notice is not a problem. What I have done in the past is if I dont have enough PTO time saved, I work on Saturdays leading up to time off and after vacation to make up for lost days.
I so much want this to be more like a normal job  I am working 8 hours and setting the $$ aside, so I think it will come together, but the PTO still throws me off!
My question is really how do the rest of you set aside for taxes and paid time off? By percent or dollar amount? |
