contract pilot first experience
09-22-2010 | 05:46 AM
#21
Line Holder
Joined: Jun 2010
Posts: 96
Likes: 0
From: CRJ Captain
What ever happend to the free market anyway?
Last edited by Ferlofodder; 09-22-2010 at 05:47 AM. Reason: incorrect info
09-22-2010 | 07:28 AM
#22
Flying Farmer
Joined: Jul 2006
Posts: 3,160
Likes: 0
From: Turbo-props' and John Deere's
Gotta love E-tough members of the forums.
Ferlo, I would say, given that you are experienced in other turbine aircraft, your rate is on the low side. Someone coming up with no experience at all, $200/day is fine. It's not that you are doing that on purpose, it probably just happened and it's all 'bonus' money. Some people automatically think you're are just trying to do whatever it takes to fly a jet, when it says you are an FO already.
Sensative subject on this forum right now, I'm not surpised at all by the responses.
Ferlo, I would say, given that you are experienced in other turbine aircraft, your rate is on the low side. Someone coming up with no experience at all, $200/day is fine. It's not that you are doing that on purpose, it probably just happened and it's all 'bonus' money. Some people automatically think you're are just trying to do whatever it takes to fly a jet, when it says you are an FO already.
Sensative subject on this forum right now, I'm not surpised at all by the responses.
09-22-2010 | 06:49 PM
#24
Line Holder
Joined: Jun 2010
Posts: 96
Likes: 0
From: CRJ Captain
Does anyone have a baseline rate I should quote considering my experience? (5000 TT, 2600 CRJ, CFI CFII MEI) Do prices vary according to the trips? Would a four day trip to Mexico for example be priced differently than a single leg repo from Phoenix to Tucson?
09-24-2010 | 04:30 AM
#25
Flying Farmer
Joined: Jul 2006
Posts: 3,160
Likes: 0
From: Turbo-props' and John Deere's
I would say your base for domestic needs to come up, but I'm not willing to speculate. International travel IMO should warrent a higher fee, but once again, not my area of expertice
10-19-2010 | 03:08 PM
#26
New Hire
Joined: Oct 2010
Posts: 1
Likes: 0
From: CL30 Either seat
Anyone had any dealings with ACASS? Good or bad?
Just laid off again for the second time in 2 years. Just before my 12 mnth recurrent. Trying to figure out how to find the 19K to pay for it.
Hoping I can get enough SIC work to pay for it and live.
Just laid off again for the second time in 2 years. Just before my 12 mnth recurrent. Trying to figure out how to find the 19K to pay for it.
Hoping I can get enough SIC work to pay for it and live.
10-24-2010 | 01:44 PM
#28
On Reserve
Joined: Mar 2009
Posts: 14
Likes: 0
Quarterlies every 13 weeks...just get hooked up with an accountant and set aside 30% for taxes. Keep all of your receipts and write off as much as possible. I used to write off approximately 40% of my general expenses and much more on large ticket items that were "categorically an expense of the occupation" (i.e. buy those new headsets you wanted at the end of the year, etc.).
10-25-2010 | 10:28 AM
#30
Gets Weekends Off
Joined: May 2010
Posts: 159
Likes: 0
From: Not on this message board.
IRS charges a penalty at the end of the year if you don't do quarterly payments if you are self-employed.
I strongly urge self-employed pilots to look at the SEP-IRA option-- not only lowers taxable income, but you are saving for retirement as well. I max this every year.
I strongly urge self-employed pilots to look at the SEP-IRA option-- not only lowers taxable income, but you are saving for retirement as well. I max this every year.
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