Hi,
I have a query about a report that I have been commissioned to write. I am to be paid for this but just as a normal joe public, it is not my main job and it is a once off piece of work, so this is where the questions arise.
I have a full time job, I am employed, for which I am paid approx. 60K per annum before tax.
I became aware of a report that needed to be written, applied to do this, and was awarded a bursary of just under 3000 euro.
I am shortly to sign a contract whereupon I will get half to my bank account and the other half on production of the report.
I have been told that the production and submission of the report will suffice to warrant payment of the second half of the money.
My envisaged process for the report is as follows
- literature review
- desktop survey
- questionnaire to wide group
- interviews to small select group
- analysis of all results
- reporting
The whole process I hope to take about 4 months.
Foreseen costs are
- minor costs for phone, electric, internet etc during the desk based work and reporting but I have no idea how I could separate these from my domestic usage
- I will do the questionnaires from a website and a survey monkey type set up. There will be a cost (receipted) to get a website hosted, say for 1 year.
- I will do all the data collection under the guise of a logo which I have sketched, I will put this on any questionnaire or letters out. I might get this logo done up properly by a graphic designer so this may be a cost (receipted)
- I may need to travel by bus (receipted) or by car for the interviews.
- for the interviews I would like to be able to offer tea and a sandwich for participants
- for the interviews I am considering a gift (tshirt or gift voucher) as a good will gesture to say thanks for participating
- while there will be other costs, there will also be my time, and I suppose any costs not spent on the above could be deemed to cover my time costs, so how should I approach this.
- I may need to spend a few hours with a professional accountant (receipted) – depending on how I get on with this post...
Some questions then
- will I just take the money and do the report and imagine that it is small stuff, below reporting to anybody?
- should I report this to some tax office and ask what I need to do – rather than a chat forum!!
- should I set up a limited company for the sake of this work, or would that swallow up all the funds just to run that for four months
- should I set up a bank account just for this money and then do all bills etc from that account, or is that overkill given the number of transactions that I envisage, I’d imagine that a solid spreadsheet of money in and out, with any relevant receipts files appropriately, might suffice
- any other advice.
Not sure if this is for askaboutmoney or askaboutbusiness – might put on both and hope the worst can happen might be the less appropriate one gets ‘moderated!’
Thanks,
A
I have a query about a report that I have been commissioned to write. I am to be paid for this but just as a normal joe public, it is not my main job and it is a once off piece of work, so this is where the questions arise.
I have a full time job, I am employed, for which I am paid approx. 60K per annum before tax.
I became aware of a report that needed to be written, applied to do this, and was awarded a bursary of just under 3000 euro.
I am shortly to sign a contract whereupon I will get half to my bank account and the other half on production of the report.
I have been told that the production and submission of the report will suffice to warrant payment of the second half of the money.
My envisaged process for the report is as follows
- literature review
- desktop survey
- questionnaire to wide group
- interviews to small select group
- analysis of all results
- reporting
The whole process I hope to take about 4 months.
Foreseen costs are
- minor costs for phone, electric, internet etc during the desk based work and reporting but I have no idea how I could separate these from my domestic usage
- I will do the questionnaires from a website and a survey monkey type set up. There will be a cost (receipted) to get a website hosted, say for 1 year.
- I will do all the data collection under the guise of a logo which I have sketched, I will put this on any questionnaire or letters out. I might get this logo done up properly by a graphic designer so this may be a cost (receipted)
- I may need to travel by bus (receipted) or by car for the interviews.
- for the interviews I would like to be able to offer tea and a sandwich for participants
- for the interviews I am considering a gift (tshirt or gift voucher) as a good will gesture to say thanks for participating
- while there will be other costs, there will also be my time, and I suppose any costs not spent on the above could be deemed to cover my time costs, so how should I approach this.
- I may need to spend a few hours with a professional accountant (receipted) – depending on how I get on with this post...
Some questions then
- will I just take the money and do the report and imagine that it is small stuff, below reporting to anybody?
- should I report this to some tax office and ask what I need to do – rather than a chat forum!!
- should I set up a limited company for the sake of this work, or would that swallow up all the funds just to run that for four months
- should I set up a bank account just for this money and then do all bills etc from that account, or is that overkill given the number of transactions that I envisage, I’d imagine that a solid spreadsheet of money in and out, with any relevant receipts files appropriately, might suffice
- any other advice.
Not sure if this is for askaboutmoney or askaboutbusiness – might put on both and hope the worst can happen might be the less appropriate one gets ‘moderated!’
Thanks,
A