Re: Dividends
Employee benefits account for about a 40% increase in costs on a company, pension (10%), holiday inc public holidays (15%), sick days (5% - but very variable), health care (1-2%), maternity pay (up to 100%!!! but in reality 30-40% twice in 40 years - 1.5-2%), death benefits (1-2%), bonuses (0-20% depending on industry)
Then of course contractors need insurance and accountants (1-2%)
If a contractor is only earning 40% more than the person next to him, the tax advantages are effectively a risk adjustment on short term contract and no notice period
Biting the hand that feeds IT
