{"id":6283,"date":"2019-09-22T02:28:27","date_gmt":"2019-09-22T02:28:27","guid":{"rendered":"http:\/\/on-line-interactivity.com\/blog\/2019\/09\/22\/index-16\/"},"modified":"2019-09-22T02:28:27","modified_gmt":"2019-09-22T02:28:27","slug":"index-16","status":"publish","type":"post","link":"https:\/\/on-line-interactivity.com\/blog\/index-16\/","title":{"rendered":"Self Employment"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><body>&#13;<\/p>\n<div align=\"center\">&#13;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/on-line-interactivity.com\/blog\/wp-content\/uploads\/2019\/12\/abbtop.jpg\" width=\"800\" height=\"120\"\/><\/p>\n<p>&#13;<\/p>\n<table width=\"800\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\" height=\"627\">\n<tr>\n<td colspan=\"2\" height=\"11\" width=\"790\">&#13;<br \/>\n\t  &#13;<br \/>\n<script type=\"text\/javascript\"><![CDATA[<!--\ngoogle_ad_client = \"pub-5712520513640847\";\ngoogle_ad_width = 728;\ngoogle_ad_height = 90;\ngoogle_ad_format = \"728x90_as\";\ngoogle_ad_type = \"text\";\ngoogle_ad_channel =\"\";\ngoogle_color_border = \"FFFFFF\";\ngoogle_color_bg = \"FFFFFF\";\ngoogle_color_link = \"0000FF\";\ngoogle_color_url = \"008000\";\ngoogle_color_text = \"000000\";\n\/\/-->]]><\/script><script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\"><![CDATA[\n        ]]><\/script><\/td>\n<p>&#13;<br \/>\n    <\/tr>\n<tr>\n<td width=\"278\" valign=\"top\" bgcolor=\"#C2D5FC\" bordercolor=\"#CCCCCC\" height=\"602\" align=\"left\" bordercolorlight=\"#FF6600\" bordercolordark=\"#FF6600\">&#13;<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"border-collapse: collapse\" bordercolor=\"#111111\" width=\"100%\" id=\"AutoNumber1\">\n<tr>\n<td width=\"100%\"><b>&#13;<br \/>\n          <font color=\"#FB7014\" face=\"Tahoma\" size=\"2\">Read Articles:<\/font><\/b><\/td>\n<p>&#13;<br \/>\n        <\/tr>\n<\/table>\n<p align=\"left\"><b><font face=\"Tahoma\" size=\"2\"><br \/>&#13;<br \/>\n\u00a0<a href=\"job-tips-for-the-frustrated-job-seeker.html\">Job Tips For The Frustrated Job Seeker<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"home-business-start-up--relocation-consultant.html\">Home Business Start up&#8211;Relocation Consultant<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"get-real-about-home-businesses.html\">Get real about Home Businesses!!!<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"home-based-franchising.html\">Home Based Franchising<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"starting-a-business---what-new-and-existing-b.html\">STARTING A BUSINESS?  WHAT NEW (AND EXISTING) B&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"portrait-of-a-portfolio-career---an-answer-to-t.html\">Portrait of a Portfolio Career:  An Answer to t&#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"tips-for-saving-money-on-car-insurance.html\">Tips for Saving Money on Car Insurance<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"how-to-fulfill-orders-in-your-sleep.html\">How To Fulfill Orders In Your Sleep<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"a-home-based-business-that-works.html\">A Home Based Business That Works<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"short-sale-success-secrets-with-foreclosures.html\">Short Sale Success Secrets with Foreclosures<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"...identity-theft-recovery--the-road-back.html\">&#8230;Identity Theft Recovery: The Road Back<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"the-art-of-employee-motivation.html\">The Art of Employee Motivation<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"boosting-employee-morale-with-employee-surveys.html\">Boosting Employee Morale With Employee Surveys<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"do-you-have-a-business-idea.html\">Do you have a Business Idea?<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"improve-your-ebay-auction-selling-technique.html\">Improve Your eBay Auction Selling Technique<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"are-you-wealthy-yet.html\">Are You Wealthy Yet?<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"car-insurance-estimate.html\">Car Insurance Estimate<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"auto-insurance-rates.html\">Auto Insurance Rates <\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"the-12-reasons-why-most-ads-fall-flat-on-their.html\">The 12 Reasons Why Most Ads Fall Flat On Their &#8230;<\/a><\/p>\n<p>&#13;<br \/>\n\u00a0<a href=\"profit-consistently-at-online-poker.html\">Profit consistently at Online Poker<\/a><\/p>\n<p>&#13;<br \/>\n      More Article Pages&#13;<br \/>\n<a href=\"index.html\">1<\/a><br \/><\/font><\/b>&#13;\n      <\/p>\n<p>\u00a0<\/p>\n<\/td>\n<p>&#13;<\/p>\n<td width=\"502\" valign=\"top\" height=\"602\" align=\"left\">&#13;<br \/>\n      <font color=\"#FF6600\" size=\"5\"><b class=\"titler\">The True Cost of &#13;<br \/>\n      Self-Employment<\/b><\/font><br \/>&#13;<br \/>\n      \u00a0by: <font color=\"#FF6600\"><b class=\"author\">Kenny Herbold<\/b> <\/font>&#13;<\/p>\n<p>Do you think you are ready to make that leap to full self-employment? &#13;<br \/>\n      The profit from your part-time (up till now \ud83d\ude42 business is matching or &#13;<br \/>\n      exceeding your regular paycheck, so you think it\u0092s time to fire your boss &#13;<br \/>\n      and make do without that paycheck. Before you take that final step to &#13;<br \/>\n      personal freedom, make sure you truly understand what you are giving up. &#13;<br \/>\n      Your employer paid benefits may cost you more than you realize. For many &#13;<br \/>\n      people it will take more than $40,000 of profit per year to replace a &#13;<br \/>\n      $40,000 annual salary. <\/p>\n<p>&#13;<\/p>\n<p>When I talk about your employer paid benefits I\u0092m not referring to the &#13;<br \/>\n      \u0093free\u0094 office supplies, subsidized soft drinks, or even the occasional &#13;<br \/>\n      free meal at the holiday party. The items that you need to consider are &#13;<br \/>\n      the benefits that are going to cost you the most money. Although if you &#13;<br \/>\n      really like soda I guess you might want to include this too! According to &#13;<br \/>\n      a survey published by the US Chamber of Commerce in January 2004, employer &#13;<br \/>\n      paid benefits averaged 42% of an employees salary in 2002. That means you &#13;<br \/>\n      need an additional 35 \u0096 45% more than your current salary to make up for &#13;<br \/>\n      these lost benefits. <\/p>\n<p>&#13;<\/p>\n<p>If this number shocks you, then let\u0092s take a look at some of the &#13;<br \/>\n      typical benefits employers provide. Again, based on the US Chamber of &#13;<br \/>\n      Commerce&#8217;s survey medical insurance cost approximately 15% of an &#13;<br \/>\n      employee&#8217;s salary. However, employers also cover the cost of many other &#13;<br \/>\n      forms of insurance. They include <\/p>\n<p>&#13;<\/p>\n<ul>\n<li>Disability, <\/li>\n<p>&#13;<\/p>\n<li>Dental, <\/li>\n<p>&#13;<\/p>\n<li>Vision, <\/li>\n<p>&#13;<\/p>\n<li>Life, <\/li>\n<p>&#13;<\/p>\n<li>Unemployment, <\/li>\n<p>&#13;<\/p>\n<li>Long Term Care Insurance, and <\/li>\n<p>&#13;<\/p>\n<li>Workers Compensation <\/li>\n<p>&#13;\n      <\/ul>\n<p>You might be thinking that you pay premiums for these products already. &#13;<br \/>\n      Even if you do, your employer is most likely paying the lion\u0092s share of &#13;<br \/>\n      the cost. Not to mention that many times the premiums you are paying are &#13;<br \/>\n      using pre-tax dollars. This means you end up paying less in taxes because &#13;<br \/>\n      the amount of your premium is deducted prior to calculating your taxable &#13;<br \/>\n      income. <\/p>\n<p>&#13;<\/p>\n<p>When you own a home-based not only are are you going to be responsible &#13;<br \/>\n      for the full cost of all forms of insurance using after-tax dollars, you &#13;<br \/>\n      are going to be responsible for self-employment taxes. Self-employment &#13;<br \/>\n      taxes include the employer paid portion of Social Security and Medicare &#13;<br \/>\n      taxes. This means your bill for these taxes are going to double. Instead &#13;<br \/>\n      of paying 7.65% of your income for these, you will now pay 15.30%. And &#13;<br \/>\n      don\u0092t forget about having to pay estimated taxes. You will have to file &#13;<br \/>\n      and pay taxes 4 times a year now, instead of just once. Not only do your &#13;<br \/>\n      taxes increase so do the headaches and the cost of filing! <\/p>\n<p>&#13;<\/p>\n<p>The second highest benefit cost is your retirement benefits. Your &#13;<br \/>\n      employer\u0092s 401(k) match guarantees an immediate return of up to 100% on &#13;<br \/>\n      your money, depending on how much your company will match and how much you &#13;<br \/>\n      contribute. If your company has a defined benefit pension plan, you are &#13;<br \/>\n      losing a guaranteed income in retirement. You are also taking on the &#13;<br \/>\n      additional risk because you are 100% responsible for investing the money &#13;<br \/>\n      to replace it. <\/p>\n<p>&#13;<\/p>\n<p>These are only a few of the largest items that make up the 30 \u0096 40% of &#13;<br \/>\n      your salary that will become your responsibility when you become &#13;<br \/>\n      self-employed. Your company might be paying for many other perks also. &#13;<br \/>\n      Some other things you might want to consider are <\/p>\n<p>&#13;<\/p>\n<ul>\n<li>company car (this includes gas and maintenance) <\/li>\n<p>&#13;<\/p>\n<li>annual or performance bonuses <\/li>\n<p>&#13;<\/p>\n<li>professional training or expenses (including professional journal or &#13;<br \/>\n        society dues) <\/li>\n<p>&#13;<\/p>\n<li>software license that let you use programs like Microsoft Office &#13;<br \/>\n        programs on your home computer <\/li>\n<p>&#13;<\/p>\n<li>vacation pay (that\u0092s right, you no longer get paid when you take &#13;<br \/>\n        days off) <\/li>\n<p>&#13;\n      <\/ul>\n<p>All of these, and any others you might be able to think of will needed &#13;<br \/>\n      to be included in the total cost of becoming self-employed. <\/p>\n<p>&#13;<\/p>\n<p>I hope you don\u0092t think I\u0092m trying to discourage you from finally being &#13;<br \/>\n      able to become your own boss. I just know that the excitement of finally &#13;<br \/>\n      making this move can make us forget about some of the \u0093extras\u0094 we are &#13;<br \/>\n      receiving. You are considering a very serious change and need to make sure &#13;<br \/>\n      that the benefits are going to outweigh ALL of the costs. <\/p>\n<\/td>\n<p>&#13;<br \/>\n    <\/tr>\n<\/table>\n<hr width=\"800\" noshade=\"noshade\"\/><a href=\"https:\/\/on-line-interactivity.com\/ADSENSEWEBSITES\">RETURN TO ADSENSE BUSINESS-IN-A-BOX MASTER ARTICLE INDEX<\/a><\/p>\n<hr width=\"800\" noshade=\"noshade\"\/>\n<div class=\"fb-share-button\" data-href=\"https:\/\/on-line-interactivity.com\/\" data-layout=\"button\" data-size=\"large\"><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fon-line-interactivity.com%2F&amp;src=sdkpreparse\" class=\"fb-xfbml-parse-ignore\" rel=\"noopener noreferrer\">Share<\/a><\/div>\n<p>&#13;<\/p>\n<div id=\"fb-root\"\/>&#13;<br \/>\n<script async=\"\" defer=\"defer\" crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;version=v4.0&amp;appId=103650273035821&amp;autoLogAppEvents=1\"\/><!-- End of FACEBOOK SHARE BUTTON CODE --><span class=\"style6\"><br \/><span class=\"style2\">\u00a92019 - All Rights Reserved by <a href=\"http:\/\/HelpMeFindFreedom.Online\">HelpMeFindFreedom.Online<\/a><br \/><a href=\"http:\/\/www.website.ws\/kvmlm2\/my.dhtml?sponsor=geekzonehostingcom&amp;bannercode=gif002&amp;language=english\"><img decoding=\"async\" src=\"http:\/\/images.website.ws\/images\/english\/banners\/kvmlm2\/468x60_02.gif\" border=\"0\"\/><\/a><\/span><\/span><\/div>\n<p>&#13;<br \/>\n<\/body><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; &#13; &#13; &#13; &#13; Read Articles: &#13; &#13; \u00a0Job Tips For The Frustrated Job Seeker &#13; \u00a0Home Business Start up&#8211;Relocation Consultant &#13; \u00a0Get real about Home Businesses!!! &#13; \u00a0Home Based Franchising &#13; \u00a0STARTING A BUSINESS? WHAT NEW (AND EXISTING) B&#8230; &#13; \u00a0Portrait of a Portfolio Career: An Answer to t&#8230; &#13; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6283","post","type-post","status-publish","format-standard","hentry","category-adsense-business-in-a-box"],"_links":{"self":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/comments?post=6283"}],"version-history":[{"count":0,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/posts\/6283\/revisions"}],"wp:attachment":[{"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/media?parent=6283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/categories?post=6283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/on-line-interactivity.com\/blog\/wp-json\/wp\/v2\/tags?post=6283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}