E
Equanimity
Guest
Hi there
I am just comparing being self-employed verses being employed by company. In my case I am on my own as a consultant & not employing any staff. As far as I can see there are much greater financial benefits to being employed by someone else.
I filed my return last year & yes I had to pay an accountant & as my earnings were low enough I wasn't hit too hard but this year as I look ahead & my forecasted earnings I am going to pay a big price. I am trying to look at a regular salary with a company and how that may be a better option.
Has anyone any thoughts on this or can anyone recall any similar discussion threads (I did look myself!)? I am trying to plan ahead & when I think of the hard work trying to generate business for myself, the uncertainty of regular business & then to take a huge chunk of it all away while paying someone else to officially calculate this chunk on your behalf seems harsh. To me it just seems there aren't many incentives in place to keep you working for yourself - maybe there are & I just can't see them!
Thanks in advance
EQ
I am just comparing being self-employed verses being employed by company. In my case I am on my own as a consultant & not employing any staff. As far as I can see there are much greater financial benefits to being employed by someone else.
I filed my return last year & yes I had to pay an accountant & as my earnings were low enough I wasn't hit too hard but this year as I look ahead & my forecasted earnings I am going to pay a big price. I am trying to look at a regular salary with a company and how that may be a better option.
Has anyone any thoughts on this or can anyone recall any similar discussion threads (I did look myself!)? I am trying to plan ahead & when I think of the hard work trying to generate business for myself, the uncertainty of regular business & then to take a huge chunk of it all away while paying someone else to officially calculate this chunk on your behalf seems harsh. To me it just seems there aren't many incentives in place to keep you working for yourself - maybe there are & I just can't see them!
Thanks in advance
EQ