Hi fellow OzBargainers.
For the past year I have been doing some “cash” jobs for a friend’s business. as of recent, work has picked up a lot, and he no longer wants to pay me a “cash” rate.
He suggested that I register an ABN and business account for him to pay into. The cash rate i charged him used to cover my time and travelling expenses, however if he now pays me through my ABN obviously this income will be declared and become taxable hence I will lose out.
What would be a fair amount to raise my charges by?
EDIT: How much should I charge for I.T. consultation - what's the going rate these days?