self-employment
Noun
Meaning
self-employment (uncountable)
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.
Synonyms
Related terms
Examples
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.
According to the Routes to Recovery report, one in three of the freelance theatre workforce received no support from the government’s self-employment income support scheme or the coronavirus job retention scheme.
But it will only be available to people who's the majority of their income comes from self-employment and they must have been working for themselves for the past two years in a bid to cut back on fraudulent claims.
In essence, a self-employed individual pays both the employee and employer share of the tax, although half of the self-employment tax (the "employer share") is deductible when calculating the individual's federal income tax.
As she had become self-employed just under a year ago, she is not eligible for any self-employment grants.
Chancellor Rishi Sunak said: "Our self-employment income support scheme has already helped millions of people, whose hard work running their own businesses is crucial to our economy.