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self-employment
[ self-em-ploi-muhnt, self- ]
noun
- the act or fact of being self-employed.
yvlog History and Origins
Origin of self-employment1
Example Sentences
The earnings test includes wages and self-employment income, but doesn’t include withdrawals from retirement accounts.
Ms Egbeme added that you need to complete a self assessment if your self-employment income was more than £1,000, and for things including profit made from your hobbies and side hustles, including babysitting, selling on eBay, Vinted, Gumtree or other online platforms, including Airbnb.
The layoff forced me to figure out how to succeed as an independent worker, and I was able to develop the mindset and skills I’ve used to support my family through self-employment for the past five years.
Similarly, we don’t want people choosing self-employment simply because it gives them better chances of dodging the IRS.
But sole proprietors have to pay both parts of the self-employment tax on all income, whereas S corps can get a break here.
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More About Self Employment
What does self-employment?
Self-employment is the state of being self–employed—earning one’s main income by getting paid directly for one’s work, such as by owning one’s own business, as opposed to being an employee and getting paid by an employer.
Self-employment is typically used in a way that refers to a person’s primary, full-time way of earning income—as opposed to working as an employee and doing freelance work on the side, for example.
The term self-employed is often used by and applied to people who consider themselves business owners, freelancers, and entrepreneurs.
Example: I love self-employment—my boss is amazing.
Where doesself-employment come from?
Employment is a noun form of the verb employ, which ultimately derives from the Latin , meaning “to engage” (the word engage is sometimes used to mean “to hire” or “to employ”). The self part of the word is used in the same way in other words like self-government and self-control.
Most people who are self-employed will tell you self-employment has its pros and cons. On the positive side, you’re your own boss. But it’s often a lot of responsibility and risk. People who are self-employed don’t get many of the benefits associated with being a full-time employee of a company or organization. Self-employment doesn’t necessarily mean you work alone—many self-employed business owners employ other people.
Did you know ... ?
What are some other forms related to self-employment?
- self-employed (adjective)
- employment (noun)
What are some words that share a root or word element with self–employment?
What are some words that often get used in discussing self–employment?
How isself-employment used in real life?
Self-employment is often used in the context of people’s status as workers, such as for tax purposes.
Perk of self-employment: Choose your own hours!
Drawback of self-employment: There will be 12 of them today!— Iron Spike (@Iron_Spike)
Day 1 of 100% self employment
Pros: the world is my office
Cons: the world is my office— maobaby (@maobaby)
The Self-Employment Income Support Scheme will be extended, with a second and final grant in August. Find out more here ⬇️
— HM Revenue & Customs (@HMRCgovuk)
Try usingself-employment!
Is self-employment used correctly in the following sentence?
As self-employment becomes more popular, fewer people have a traditional 9-to-5 office job.
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