Pros and Cons of Being Self Employed. HANDY TAX ADVICE

One of the questions I’m frequently asked is whether it’s better to be employed or self-employed?
Well it’s true that becoming self employed is a great way to pursue your dreams but being self employed also means saying goodbye to the many benefits a company will offer its employees.
To help you decide as to the best route to take, I will highlight some of the positives and negatives, which you may want to consider before making any final decision.
There’s no greater feeling than being your own boss, and if you decide you want to work from home, you can spend more time with your family too. The ideal work/life balance.
You don’t have to worry about the pressures and stresses of the daily commute.
You may decide to divide your week working for a number of different companies, working across a variety of interesting projects - ones that YOU have want to do.
You can take advantage of a number of significant tax breaks - such as claiming your expenses against your income to reduce your tax bill.
The Cons
Whilst all of the above sound great, being self-employed does have its draw backs. The most obvious one is job security. You will need to seek out job opportunities to maintain a regular income, which isn’t always easy, and can put you under a lot of pressure.
You are unable to enjoy the ‘perks’ being offered by a company such as holiday and sick pay, the chance of being promoted or being part of the bonus scheme.
Some people choose to work as self employed for a company, but you may be asked to cover the costs of renting an office or desk space.
You may have to consider working long hours, or even weekends, until you have established your business.
I hope you have found these tips really useful.
If you are thinking about venturing out on your own, please give me a call on 0208 861 7575 and I will be happy to answer any questions you may have about the pros and cons of being self-employed.
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[@muhwezifrancis414]

thanks very much sir....what would you advise someone who strictly want to start his own business strictly after school

[@debbiexanthoudakis2971]

my name is debbie xanthoudakis where do i stand with my appication

[@carolinehollis7388]

where do i stand if I'm home less and wanting to be self-employed

[@andykelly7321]

Shop doorway?

[@suatinprincesskcz.9369]

permission po to the owner na hiramin po yung video for educational purposes.thankyou po

[@jim6820]

I also heard being self employed is the same as being unemployed. It does not bring financial stability or security.

[@pumamountainlion7777]

jim68 It makes it so that you can’t get fired by your boss for your politics maybe you are anti gay and your boss is supporting of the LGBTQ movement you can get fired for speak your mind and heart.

[@debbiexanthoudakis2971]

where do i stand with my handy tax

[@takeachance2054]

Very impressive video! I see we have some of the same content. Would really appreciate your opinion on my videos if you have some time!
Thank You