Consulting…
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Well I tell you how I did it for a while and you can decide for yourself.
The current rates range from around 18 to 30 dollars per hour. The wat I
counted time was very simple. Using a calendar I would mark down start and
stop times when I was working for a particular client. At the end of the
week I would total up the time and at the end of the month mail a bill. My
biggest job was with a Japanesse outfit which required I travel to a city
south of Tokyo. As far as traveling expenses THEY PAY ALL EXPENSES
INCLUDING LIVING EXPENSES (hotel,meals,travel cost, rental cars etc.) The
way I charged for my time was 8 hours per work day ie days I was required
to perform services. This of course should be upfront in your initial
contact. There is a standard contract that a lot of companies and
consultants use, there are several points to remember. (1)ALWAYS get a
signed contract that is satisfactory to you. (2Make sure the rate and
method of billing and payment is detailed. (3)Also be aware most companies
will want your work to be confidential and anything you may learn about the
company ie corporate secrets and other items be kept to yourself and not
used for another client. (4) Also make sure that who pays what expenses is
outlined in the contract. (5) DONT forget about self employment qurterly
filings with the Infernal Revenue Service. A lot of people get in trouble
by forgetting this. That retainer is exactly what it means a payment to
retain your services just as you would pay a retainer to a lawyer. Good
luck sam