Talk:Self-employment
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Can someone please rewrite the confusing sentence:
Another tax implication is that a self-employed worker must directly pay both the employee and employer portions of the FICA tax, although the regularly employed also pay the full 12.4%, as their income is reduced by approximately 6.2% (so instead of 6.2%, they must pay 12.4% until they make enough that FICA is no longer paid). Self-employed workers must also pay 2.9% instead of 1.45% for Medicare on all income.
"7.65% each by employer and corporation" => Is that supposed to be "7.65% each by employee and corporation"?
[edit] UK section clarifications needed
"When working from home clearance is required from the local authority to use part of the home as business premises."
Wouldn't this be true for certain types of business only, and probably certain size of staff?
- Almost certainly - I'm a self employed person (Freelancer sound/lighting guy) and I don't have to tell the local council. SheffGruff 01:50, 9 November 2007 (UTC)
"statutory public liability insurance cover"
Does this include sole traders?
- PLI is not statutory either for people such as myself - employer's liability is, but I don't HAVE to hold PLI. It would be foolish for me not to, however. SheffGruff 01:50, 9 November 2007 (UTC)
"statutory public liability insurance cover"
Does this apply to all or only limited liability companies?
"modifying premises to be disabled friendly"
Only if there are a certain number or more, of employees I think? Adytum72a 19:30, 5 August 2007 (UTC)
- Again inaccurate - I worked in retail before my current life and was trained about the effect of the UK DDA - it requires you to take all PRACTICAL action to make your premises accessible to the public. For example, if you are running a small shop with a two step entrance, the law would hold you to have some kind of permanent or temporary ramp structure for wheelchair access. However, if you are running a two floor shop where installing a lift would be the only sensible option for wheelchair access, and this would put you out of business due to the cost, it isn't practical, so you don't have to do it. Offering customers an alternative would always be wise however, such as a printed catalogue. SheffGruff 01:50, 9 November 2007 (UTC)
[edit] Niche product
The article for Niche product doesn't exist at the time of this writing, so I changed the link to Niche market as (IMO) the closest descriptive article. If anybody finds a closer match (or writes an article about a niche product), please do change it to the more appropriate resource. Night Goblin (talk) 14:47, 20 May 2008 (UTC)
