Finance Globe

One of the primary benefits of self employment is financial freedom. You are no longer held down by an employer, meaning that you and you alone are responsible for reaching your full earning potential. Many people shy away from self employment due to the costs associated with this decision. This isn’t something that should hold you back. This isn’t something you should be scared about. Instead, you should formulate a plan for spending less money while...

There are people who make the move into self employment and never look back. Every step they take is one that moves them closer to their professional goals. Conversely, there are people who soon realize that they are now faced with a variety of challenges. And for this reason, they are truly scared. Do you ever wonder why self employment goes wrong for some people? If so, here are three reasons for this: 1. They neglect...

As a self employed professional, you realize how difficult it can be to work efficiently. There are many reasons for this, including the fact that you are no longer in a connected office with other people. While this is a big adjustment, the use of technology can work in your favor. This makes it easier to communicate with others, regardless of location. Furthermore, you can use technology to market your business, secure new clients, and manage...

Deciding to take a leap into the self employment pool may be one of the best decisions you ever make. Not only does it give you more control over your destiny, but it provides a high level of freedom. Just the same as any professional endeavor, you need to consider both the pros and cons. One of the biggest drawbacks is the lack of employer benefits. In other words, you have to account for these benefits...

As a self employed professional, it goes without saying that you always have a lot on your mind. After all, you are responsible for every aspect of your business. From accounting to marketing to sales, you are the person in charge. Unfortunately, many self employed people face burnout at some point in their career. It is important to understand the signs of this serious problem, as it could help you avoid trouble before it sets in....

With 2015 coming to an end, there is no better time than now to plan for the future. This holds true both personally and professionally. If you are tired of working for somebody else, if you are ready to take the bull by the horns, self-employment in 2016 may be the best decision. While this is a big change from the norm, it could benefit you in a number of ways. From a financial perspective, there...

As a self-employed professional, you are well aware of the pros and cons of working for yourself. Regardless of your industry or how much money you earn, nothing changes the importance of understanding your tax situation. There are many ways to reduce your taxable income, including a variety of deductible expenses. With the year coming to an end, it is time to focus some attention on your tax situation. Once the calendar turns, it won’t be...

There are still a few months left before the calendar year turns, but now is the time to look toward the future. More specifically, your career related goals for 2016. Are you interested in becoming a self employed professional in the new year? Are you finally ready to take the leap and turn a new page in your career? If so, you are also ready to take on the planning process. If you are interested in...

If you plan on working as a self-employed professional, there are tax implications to consider. Before you take this step, it is important to understand the ins and outs of self-employment tax. This means answering three questions: •    What is self-employment tax?•    Who is required to pay self-employment tax?•    How do you pay self-employment tax? First and foremost, self-employment tax consists of Medicare and Social Security taxes. This is similar to the Medicare and Social Security...

From time to time, the self employment bug may bite you. You dream of leaving your corporate job in the past and doing your own thing. While you are familiar with the benefits, such as increased flexibility and the opportunity to make all key decisions, you aren’t sure just yet if this is the right choice for you. With approximately 10 million self employed workers in the United States alone, it is easy to see that...