There has been many studies about people in the work force and almost 36% of all workers are self-employed. Being self- employed means not having any health care benefits and any other things an employer may be able to give their employees. Those that are self-employed may have small businesses and need to employ a few employees and need to offer them benefits as well. Being self-employed leaves the person without health insurance, vacation pay or sick days, which a regular employer would provide for them. There are so many people that work only part time hours and they never receive any health care insurance to help them.
If you are self-employed and have a small company with a few employees, you may need to look into a certain type of lawyer, who is very competent, who can guide you in how to help your employees with some benefits that can save the company money, but also provide for their workers. Being able to save for retirement is a big consideration for a self-employed person. This lawyer, who is helping to determine the short term health insurance needs of your workers, will most likely charge a certain amount for their expertise. Helping your employees to obtain health insurance coverage will be a great incentive to your workers, as well as, ease their minds about their health concerns.
The many health insurance companies are designed to make money. And they do make a lot of money. It is important for the employer to get medical insurance for their workers to help cover any pre-existing conditions, so they will not be deprived of medical attention they so justly deserve. Many, many people have not had any health care insurance to help them throughout their years. Some would have to decide between having good medical care and even putting food on the table. Medical expenses can wipe out a families savings and even lose their homes.
Being self-employed makes you file a different tax return than regular workers. You will get to deduct many expenses determined by your business, such as loans, business expenses, tools used and many other items that will reduce your total income and lessen the tax you will have to pay. A good tax accountant will help you determine what is illegible for these deductions and help to file your tax return. Having done this, you may find you’ll be able to put some money away for your savings and future expenses.