The Benefits of Self Employment
In self employment, professionals get to choose their own work and make their own way - aren’t these only a few of the benefits? What else comes with the job?
Many of the benefits of self employment seem obvious - professionals work at home, find their own jobs and call all the shots. But isn’t there more to it than that? After all, employing oneself even if it is an occupation to write an essay like here- https://thewritemyessay.com/ - is a big deal. Surely there must be more benefits. In self employment, what comes with the job?
Working at Home
To those who don’t work at home, the idea of self employment sounds fantastic. They imagine days of lounging around the house in pajamas, drinking coffee and watching daytime TV. The reality is that self employed professionals have to remain disciplined and highly on schedule to keep up with the work load and avoid missing deadlines. Finding jobs itself is a scavenger hunt where one must separate the viable opportunities from the down-and-dirty scams, the on-the-level employees from the ones who are just going to use professionals for free work. There is no employer to offer a biweekly paycheck on time every time - sometimes, employers in self employment never pay at all. If equipment breaks, the professional has to take care of the problem - without the aid of anyone else. It is lonely, and sometimes it is taxing. It’s self employment, and it is still work.
Self Employment Taxes
Okay, so maybe working at home isn’t always as carefree as it seems in the imagination, and perhaps paychecks don’t roll in steadily so budgeting becomes a prime work concern. But don’t self employed professionals get all sorts of tax benefits to make the job more worthwhile?
It’s true that most self employed professionals do not have taxes taken out of the money they receive from various clients and employers. But those who work at home still have to fill out tax paperwork and they are not at all exempt from paying income taxes. Instead, they must pay income taxes on a monthly, quarterly or yearly basis - and they must pay an additional tax known as the self employment tax.
Insurance
Those who are self employed do not have benefits such as 401k plans or health insurance. Independent professionals who want to enjoy these perks must purchase them or invest in them on their own, with their own time and money. Often, the benefits offered to individuals cost much more than benefits offered through an employer.
What Comes with the Job?
Those who are self employed work for themselves in every sense of the word. Yes, work at home professionals enjoy the benefit of being at home, but they do not receive all the benefits professionals in an employer-based setting enjoy.