WorksheetsBecoming self-employed
Total questions: 10
Worksheet time: 8mins
What are the advantages of becoming self-employed?
You control your working hours
You can take up contracts for work that you choose
You can control the skills you develop
You can fit work around your personal life in the way you want
If you are self employed you could work for several companies at the same time
True
False
If you are self employed you can use company money to buy things you want for yourself
True
False
If you are employed on a zero hours contract your employer does has to offer you regular hours
True
False
If you are employed part time you will usually work 37.5 hours a week
True
False
Which of the following are different working hours for employed people?
Night shifts
Part time 09:00 - 14:00
Monday - Wednesday 09:00 - 17:00
Working different contracts
What are the disadvantages of being self employed?
You have to find the work for yourself
You have to be disciplined with getting the work done
You have to manage your money which may fluctuate monthly
You may work long hours one week and less the next
What are your responsibilities at the end of the tax year if you are self employed
You have to calculate your profit
You have to pay tax on your profit
You need to work out your total hours
You need to pay National Insurance
What are the advantages of being employed
Job security
You provide your own tools and equipment for the job
Your employer pays your tax and national insurance for you
Regular hours
Your expenses are what you pay in order to get the job done when you are self employed
True
False
