Neal Jacobs wrote:
>
> -----Original Message-----
> From: Peg Kusner <[log in to unmask]>
> Newsgroups: bit.listserv.museum-l
> To: [log in to unmask] <[log in to unmask]>
> Date: Sunday, October 18, 1998 8:28 AM
> Subject: Re: recalling a grant?
>
> >Somewhat of a tangent, but .. I have been approached by the board of a
> >local non-profit to do some grant-writing for their education outreach
> >department.  While I have been successful in writing grants for my own
> >projects, I have never served in a 'contract' capacity, and would like to
> >hear from others who have done so.  Does one generally charge a
> >percentage of the approved grants?  Or is an hourly rate generally better
> >received by a board?  Can you give me an idea of the going rate for
> >grant-writing services--fair compensation!?  Is a formal contract
> >advisable?  Thank you in advance for your assistance!
> > peg kusner
> >
> Dear Peg,
> After I completed grad school, I took a job as a contractor in a museum.
> They had received a grant for a project that I worked on, and they paid me
> an hourly rate from the grant amount.  You need to be prepared to pay a
> large amount in taxes on anything you earn.  I had to pay more than $1000 in
> taxes that year, after never having to pay taxes before.  I was working that
> job and another one to make ends meet.  I was very under-paid and
> over-worked, plus I was single.  I wasn't able to write off hardly anything
> at the time on my taxes, because I was using their office space, etc.  I
> would definitely write up a formal contract, and check how it would affect
> you tax-wise.
> Lorri Jacobs

Lorri,
Incorporate yourself when working for contract.
Have your corporation pay you.  Only that amount would be taxed.
Doctors do it.  Tax laws are written for business, so become a business.
Regards,
E Prater