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Self-Employment

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Submitted By editaben
Words 321
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Self-Employment
Federal Taxation 2011

The world is full of opportunities, so you can do what you want and opportunity varies from person to person, some people want to work for the company while other want to be self-employed. In my opinion, there are many advantages for people who want to work for themselves and have their own business. First of all, if you are self-employed, you do not accord to the your boss’s schedule, you are totally free to decide your time, you can get up to late and go to work whenever you want. You could find the best time for working and do not need to worry about the relationship between you and your boss because you are your own business. Here are more advantages of Self-employment:
1. You have more influence over business expense deductions.
2. More business expenses are actually deductible.
3. You get more flexibility in how much tax you’ll pay and when you’ll pay it.
4. You get to decide when to spend money to help your business grow.
5. You can influence when you receive income. 6. You can distribute income to family members by hiring them as employees.
7. You have a wider range of pension choices. In spite of fact that there would be some disadvantages to work for yourself. For example, no matter what kind of business you own, you have take care many thing such as license, rent, manage your employee, your competitor, etc… However, if you learn as much as possible and choose a tax pro who understands the tax law and regulations as they apply to individuals, then you can make the tax code work for you and you can save yourself a lot of time, stress and money. I prefer to be a businesswoman than to work in a company and I will try my best to archive successful in my

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