Many people have seen their job schedules become more flexible in 2020 as remote work has increasingly become the norm. Many companies are making plans to keep things that way even after the pandemic. But working remotely still means answering to a boss, being available at predetermined times, and, in some cases, getting little say over the tasks you do. Going freelance could be a more flexible — and potentially rewarding — arrangement. That way, you can not only work remotely, but work the hours that best suit you, and become your own boss.
These are just some of the benefits of self-employment. There are also tax benefits (the option to write off certain business expenses) and you may, depending on your circumstances, even earn more as a freelancer than as a salaried employee. But self-employment has its drawbacks, too. Given the state of the economy, you should consider them before going freelance in 2021.
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