Self-Employment

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Self-Employment

The state of owning a business or working as an independent contractor. In the United States, self-employed persons pay double the social security tax of employed persons, but are entitled to more tax deductions. One calculates self-employed income by taking one's gross income and deducting all business expenses. For example, a self-employed person working from home may deduct a certain percentage of his/her rent or mortgage and not pay taxes on that portion of his/her income. Self-employed income is reported to the IRS on Schedule C of the 1040 Form.
References in periodicals archive ?
When you count all self employed people and directors, the number of individuals who work for themself, easily exceeds 5 million.
The hidden story is that most of this growth has been due to self employed people and very small businesses, rather than the 50 to 100 medium sized firms where many assumed the growth lay.
Others claim that self employed people and owners of small businesses only need standard personal products.
On health cash, there are no products targeted at the self employed.
product analysis of all the known UK products for the self employed and small businesses, all starting at between one and 10 insured on both private medical, health cash and in between products.
Since Barry Harrigan purchased BMG in 1996, the company has carved out a niche in the small business industry -- well-established and successful business owners or self employed professionals -- that it believes it is solely addressing.
To date, very few marketers have realized that the "80/20 rule" of sales also applies to the revenue generation from the self employed as a function of Gross Domestic Product (GDP) -- 20% of self-employed professionals generate 80% of the small business market revenue and wealth.
Business Media Group targets the established and successful small business owner otherwise known as a self employed professional.
According to Business Media Group there are about one million self employed professionals in the U.

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