Monthly Archives: September 2014

Do the benefits of self employment outweight employment

Posted on September 30, 2014 at 9:56 am

Self employment is essentially working for yourself. You will need to register with HM revenue and Customs as being self employed and will be responsible for your own tax return. There are many benefits to being self employed but there are also benefits to being employed. Depending on your individual circumstances, these may vary from person to person. If you are looking for the flexibility of choosing your own hours, making decisions at a high level and building up a business that you will own and may be able to pass on to a family member, then starting your own company may be for you.

One of the main down sides of self employment is that you will not usually having a guaranteed income (may be able to sub contract to a company that will guarantee you a set amount of work each month). You need to consider whether you could survive on little or no income for a few months and how this would affect you.

Posted in employment