But I could not fit into the same old Slack chat + Zoom meetings + SCRUM + daily report
Costs of running a macOS app studio business
121–130 of 220 posts
Re: Costs of running a macOS app studio business
#122Earlier quoted context omitted.
Do you invoice them anyway and zero out your fee, or just do the work for free and don't invoice them?
I don't invoice them. The outfit is really small. I am an officer of the 501(c)(3), though. I've found that most non-tech folks don't have any idea how much it costs to have real talent working for them (or even crap talent). I don't feel like arguing about it. I can't declare it, so it's not worth the agita.
I had an org in NYC offer me a Director of Product role ... for $90K.
Re: Costs of running a macOS app studio business
#12364% net income.
I totally appreciate the frustration the author has in various fees needing to be paid.
But zooming out, having a business with 64% net income on sales is insanely good.
We should never take for granted the margins in tech. Where almost all other industries have margins around 10%.
Re: Costs of running a macOS app studio business
#124It feels sad to read the comments about people reaching 30 years of age and these ones realize they are giving their time to someone else when they’re so well paid and when there are so many people in the world that have s*t work and will never get out of it. I hate this world, and how it delivers another year of pain, misery and greed. Just blow up and take us all with it please.
Re: Costs of running a macOS app studio business
#125Earlier quoted context omitted.
Here in Germany its similar, maybe its could be worth for the author to consult a tax consultant as he may be missing out quite some money. Also a wage you pay yourself is usually better off for tax readons - that's why the maximum wage you can pay yourself as business owner is limited.
Agree about the accountant, they are expensive in some countries, but usually worth it. Can you elaborate on your last point? For salary you still need to pay >20% income tax + social insurance, and for dividends you still need to pay >20% after you just paid your corporation tax >15%. I'm curious, why its better to pay yourself more, when your laptop, phone and even food can be covered by the company? (Assuming a si…
It really depends on the percentages, so I can mainly speak about Germany:
For example you have a revenue of 100.000. If you have a limited liability company (UG or GmbH in Germany) you pay 30% taxes on the profit, so you have 70.000 left at the end of the year. If you want to transfer it to your personal account you will need to pay additionaly taxes of 25%. So you are left with 52.500.
If you directly pay yourself 100.000 as wage it is fully deductable as company expense. So you don't pay any company taxes and would only need to pay income taxes of ~25.000.
So a payout as wage you have 75.000 instead of 52.500.
For both values at least in Germany you would also need to pay health insurance and possible for pension. (Health insurance at least additional 8.000 - 10.000).
Re: Costs of running a macOS app studio business
#126I have so much respect for people who know what they want and can execute on it, despite the financial implications of doing so in cases where it carries financial risk. It inspires others to clearly know one’s self-worth, desires, and agency. > But I could not fit into the same old Slack chat + Zoom meetings + SCRUM + daily report + doing something that you feel it has no purpose in the real world for 8 hours a day…
It's strange that I have the opposite feeling while consulting.
I work for a "big tech" company and do consulting work on the side, and it's the former that has all of the Slack/Zoom/Agile/meaningless nonsense -- with consulting I feel as though I'm actually solving a problem for a business in a meaningful way.
I guess all consulting gigs aren't created equal - I guess I've managed to avoid the bad ones so far.
Re: Costs of running a macOS app studio business
#127Earlier quoted context omitted.
Building up career is a trap. The system is designed to capture everyone as a wage slave and every year there are more barriers put to keep the "pleb" in their lane. The only way to build wealth (independence, freedom) for one's family is through starting a business that you can scale. If you go to work at a company always think how you can use the knowledge gained there to start something of your own. Use salaried w…
Definitely not true. If you keep your expenses down and your compensation up (FAANG, etc.) you can easily make enough to retire early.
“Just be one of the vanishingly few to 1.work at FAANG + 2.as a L6-or-greater SWE + 3.in the Bay Area” is not a realistic strategy.
Yes, if all those miracles come true that lottery winner can retire early, but I don’t think that is a broadly applicable plan.
Re: Costs of running a macOS app studio business
#128Earlier quoted context omitted.
Agree about the accountant, they are expensive in some countries, but usually worth it. Can you elaborate on your last point? For salary you still need to pay >20% income tax + social insurance, and for dividends you still need to pay >20% after you just paid your corporation tax >15%. I'm curious, why its better to pay yourself more, when your laptop, phone and even food can be covered by the company? (Assuming a si…
It really depends on the percentages, so I can mainly speak about Germany: For example you have a revenue of 100.000. If you have a limited liability company (UG or GmbH in Germany) you pay 30% taxes on the profit, so you have 70.000 left at the end of the year. If you want to transfer it to your personal account you will need to pay additionaly taxes of 25%. So you are left with 52.500. If you directly pay yourself…
The best would be probably to let the company cover the PC / tablet / phone costs as they are business expenses and payout yourself the remainer as long as long as you can still increase your business operations.
A good tip I once got was that you should always try to get money out of your company while you can - having it on your personal bank account is better then in your companies one.
Re: Costs of running a macOS app studio business
#129Re: Costs of running a macOS app studio business
#130Earlier quoted context omitted.
How is that not actionable discrimination?
I’ve given a hundred people advice on handling discrimination at this point, and the thing I always stress is that it only matters what you can prove, not what happened. Protecting yourself against discrimination doesn’t mean trusting the courts. It means being willing to lie or mislead people into thinking you aren’t in the category of people who gets discriminated against, making yourself too much trouble to fire,…
Pure Wisdom!