Hyde Insurance Group Blog
Working As A Freelancer: Pros And Cons
The advent of the digital age, more so amid the pandemic era, has paved the way for freelancing jobs to grow in numbers. However, the stability of this market has yet to be established long term.
Chances to Take Control of Your Income and Earn Unlimited Amounts
As a freelancer working remotely, your work time and workload are flexible. Most of the time, you decide how much work you want to be done in a day. Being able to control your income equips you to maximize the chances of earning an unlimited amount.
Working Remotely Means Working From Anywhere
Working away from the office means you can do your job in any country, city, or town using your laptop and internet access. Being a remote worker means having the flexibility to meet people from different parts of the world and multiple walks of life. As a freelancer, your flexible work time and workload also allow you more time to spend with family members and other loved ones.
Key to Being Independent
Working online minimizes the interaction between you, your colleagues, and your superiors. Such a situation means you'll have more opportunities to strategize your work tactics and think-out-of-the box in resolving work-related issues. Being independent by working alone fosters maturity in freelancers.
Filing Tax Payments Becomes Complicated
Many countries still don't have legal laws governing freelancers' work regulations, privileges, and rights. However, generally speaking, freelancers are considered self-employed individuals.
The tendency of freelancers to move from one place to another frequently makes filing tax payments even all the more complicated. Freelancers are encouraged to consult national accountants and tax experts. Such consultation is the key to avoiding mistakes in filing tax payments in every country they live in for certain periods.
No Paid Leaves Nor Government-Mandated Benefits
Since freelancers are not employees, they have no legal claims for obtaining paid leaves and government-mandated benefits. As such, freelancers often become victims of unjust and illegal unfair activities the companies they work for may victimize them.
The freelancing industry is competitive. But, by utilizing time and experience, you will find that it's not difficult for the industry to break into. Since freelancing is a new market in the industry, freelancers may encounter multiple problems during their first few months of work. So, don't forget to take caution as a new freelancer when it's time to resolve these issues.
At Hyde Insurance Group, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (888) 345-1215. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
Leave a Reply.