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The best thing about being a consultant and running your own business is that every expense or spent time around work is considered WORK. As a basic employee in
by xacaxulu 11y ago
The best thing about being a consultant and running your own business is that every expense or spent time around work is considered WORK. As a basic employee in the US, you never get these sort of benefits and write-offs. When I hear people commuting 1 hour to work, that means they work 50 hours a week (assuming a 40 hours at the office). Their hourly rate is effectively much lower.
- mtberatwork 11y agoNot necessarily, salaried employees have other benefits that the self-employed simply do not have, such as health care, retirement plans, bonuses, guaranteed income, etc. Furthermore salaried employees do not have to pay self-employment taxes, gross receipts taxes, property taxes, business insurance and the whole bucket load of expenses that businesses need to pay which effectively lowers the hourly-rate of the self-employed.
- pmiller2 11y agoThis, for sure. I have a 1 hour commute now. When I go looking for another job, the commute time will be factored into the salary number I'm willing to accept. Every 5 minutes I add to my commute on average constitutes 3.33 hours a month doing things I don't want to and wouldn't normally do (commuting). The way an employer gets me to do things I wouldn't normally be doing for them is to pay me more. It's simple. I don't like to drive and hate sitting in traffic, so if I can't reasonably take public transportation, they have to pay me more to drive, too. This has resulted in me flat out turning down interviews with companies I'd otherwise consider, and I'm ok with that.