How much could you make as a software freelancer?
There's a huge demand for developers. Many software professionals end up setting up their own companies in this favorable situation and offer their services through a limited liability company. Here you can calculate how much you could make as a software freelancer.
Results
| Your company | |
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| Turnover | |
| Retirement insurance (YEL) | |
| Employment expenses | |
| Corporate tax 20% | |
| Profit |
| You | |
|---|---|
| Annual salary | |
| Tax percentage | |
| Taxes | |
| Net salary |
The benefits of freelancing
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As a software freelancer, you can bill your work according to its value. You're not paying for business premises or all the possible benefits, but only the things that you need or want. As an entrepreneur, you can earn over 50% more than as an employee, if you want to keep the expenses in minimum.
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You are liable to pay VAT as an entrepreneur. The benefit of it is that you can deduct VAT from your company's purchases. Typical purchases in our field are e.g. computers and laptops, mobile phones, monitors and gadgets.
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Have you been dreaming of working from abroad or from your own couch? Do you want to vacation eight weeks a year or work four days a week? As an entrepreneur you have more chances to influence your working.
Witted Partners makes becoming a software freelancer easy
Setting up a company – We’ll plan the start together with you so that there is no break in the billed work. We can start looking for projects for you even if you haven’t established a company yet or are still employed. Setting up a company is fast and easy nowadays, and there’s no rush with it; we can do it together when you’ve found your first project.
Customer acquisition – Don’t waste billable hours on the lookout for projects, our agents will handle customer acquisition for you! You set your own terms, such as hourly rate and the specs of your ideal project (industry, technologies, duration). Our agents will search for suitable projects for you accordingly.
Running the company – There are over 2500 Nordic software freelancers in our community, and they have recommended several accountants, insurances and tools for fellow independent contractors. We will gladly pass on the tips so that your journey as an entrepreneur would start smoothly.
Becoming an entrepreneur
- How much could you make as a software freelancer?
- Why become a software freelancer?
- Five steps to becoming a software freelancer
- FAQ: Becoming a software freelancer in Finland
After starting a business
Running a business
