What does self-employment mean?

Definitions for self-employment
self-em·ploy·ment

This dictionary definitions page includes all the possible meanings, example usage and translations of the word self-employment.


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Wiktionary

  1. self-employmentnoun

    Working for oneself, as being an independent contractor.

    Self-employment lacks the security of working for a big company, but at least the only idiot boss you will meet is yourself.

Wikipedia

  1. Self-employment

    Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed. In the real world, the critical issue for the tax authorities is not whether a person is engaged in a business activity (called "trading" even when referring to the provision of a service) but whether the activity is profitable and therefore potentially taxable. In other words, the activity of trading is likely to be ignored if no profit is present, so occasional and hobby- or enthusiast-based economic activity is generally ignored by the tax authorities. Self-employed people are usually classified as a sole proprietor (or sole trader), independent contractor, or as a member of a partnership. Self-employed people generally find their own work rather than being provided with work by an employer and instead earn income from a profession, a trade, or a business that they operate. In some countries, such as the United States and the United Kingdom, the authorities are placing more emphasis on clarifying whether an individual is self-employed or engaged in disguised employment, in other words pretending to be in a contractual intra-business relationship to hide what is in fact an employer-employee relationship.

Wikidata

  1. Self-employment

    Self-employment is the act of generating one's income directly from a consumer as opposed to being an employee of a business. Generally tax authorities will view a person as self-employed if the person chooses to be recognized as such, or is generating income such that the person is required to file a tax return under legislation that subsists in the relevant jurisdiction. In the real world the critical issue for the taxing authorities is not is the person trading but is the person profitable In other words the activity of trading is likely to be ignored if no profit is present. So, occasional and hobby- or enthusiast-based economic activity is generally ignored by authorities. Self-employed people generally find their own work rather than being provided with work by an employer, earning income from a trade or business that they operate. In some countries governments are placing more emphasis on clarifying whether an individual is self-employed or engaged in disguised employment, often described as the pretense of a contractual intra-business relationship to hide what is otherwise a simple employer-employee relationship.

Editors Contribution

  1. self-employment

    To manage or run a business easily and effectively.

    Many people rely on self-employment for an income.


    Submitted by MaryC on January 25, 2020  

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Numerology

  1. Chaldean Numerology

    The numerical value of self-employment in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of self-employment in Pythagorean Numerology is: 9

Examples of self-employment in a Sentence

  1. Kevin McAlister:

    Apparently he's hoping that most wouldn't expect a full accounting of his consulting company, additional corporate ownerships, rental income from properties co-owned with (Rubio friend) David Rivera, capital gains, household employees, and self-employment, what is Marco Rubio hiding by not reaching the bar he's setting for Trump and releasing his full tax returns?

  2. Marshall McLuhan:

    Persons grouped around a fire or candle for warmth or light are less able to pursue independent thoughts, or even tasks, than people supplied with electric light. In the same way, the social and educational patterns latent in automation are those of self-employment and artistic autonomy.


Translations for self-employment

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"self-employment." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/self-employment>.

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