Friday, July 17, 2009

Self-employment

Self-employment is where a person works for themselves rather than someone else or a company that they do not own. To be self-employed, an individual is normally highly skilled in a trade or has a niche product or service for their local community Travel etc., can be deducted as legitimate business expenses.

With the creation of the Internet the ability for an individual to become self-employed has increased dramatically. The amount of money spent on self-help, self-improvement and training materials has reached the billions in the past decade, uniforms, computer equipment, cell phones,.

Self-employed people can also be referred to as a person who works for himself/herself instead of an employer, but drawing income from a trade or business that they operate personally. Self-employed persons are sometimes eligible for more deductions than an ordinary employee. 

To be self-employed is not the same as being a business owner: A business owner is not required to be hands-on with the day-to-day operations of his or her company, while a self-employed person has to utilize a very hands-on approach in order to survive.

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