In some ways going self-employed can be quite simple to achieve. Indeed, the barriers to self-employment have been lowered considerably thanks to tech and a general ‘entrepreneurial shift’ for smaller businesses and one person operations starting out.
There again, there are various key steps to take to ensure the starting and maintaining of a well-organized self-employed situation whether you are a freelancer, contractor or business owner employing others. If in the latter category, you’ll soon need to use and understand important tax paperwork such as W-2 forms to record employee wages and more.
So, here are four keys you need to remember as you go self-employed:
What type of business or self-employed status is right for you? This is an important step to get right as it can affect how you’re taxed and handled by