What is a self-employed person?
08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A self-employed person, also called self-employed or self-employed, is a person who carries out his or her professional activity independently, without being in a permanent employment relationship with an employer. Self-employed people can work in a variety of industries and professions, such as freelancers, entrepreneurs, artists, craftsmen, or consultants.
Unlike employees, self-employed individuals often have more control over their work, hours, and how they deliver their services. They are usually responsible for their own taxes and social security contributions, have to take care of their own business expenses, and can deduct their income directly from their earnings.
Self-employed individuals have to comply with different legal and tax frameworks in many countries. Depending on the country and industry, there may be certain registration requirements, licensing fees, tax returns and other obligations that come with self-employment.