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Work at home and are usually considered self-employed for legal and tax purposes |
Work at home and are considered employees for tax purposes |
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Receive a 1099 at the end of the year from employer |
Receives a W2 form at the end of the year |
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You are solely responsible and will solely reap paying your OWN taxes and will sole reap the interest consequences if not paid! |
Employer takes out from your pay, which also makes you eligible for unemployment insurance during certain situations |
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May have many tax benefits, including possibly paying less tax and having more tax deductions – check with your accountant, but now, now, a percentage of your expense associated with your employment, might be considered a write-off |
May have minimal tax benefits. |
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Work at home generally enjoying more freedom, with the employer, nonetheless, YOU must be responsible for your work or your services will be of no value and hence termination comes as easily to you as it would to an employee |
I would not say that you have more freedom, other than the ability to dress the way you wish at home! Employers are able to control virtually every aspect of the work even though you work at home. |
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Often paid based on actual work completed, not time spent; Pay is typically deposited directly into your financial accounts |
Paid in a variety of different ways, sometimes paid salary, usually deposited directly into your financial accounts |
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Usually free to work at home for more than one company at a time. |
Check the exclusive clause….some prohibit, others do not |
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Responsible for their own health insurance and other benefits |
Some employers pay for some or all of health insurance costs (the trend is that employers are paying less and less of skyrocketing insurance premiums). |
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Work at home independently, often free to hire other people to work at home with them |
Work at home as dictated by employer, usually not free to hire. |
