Understanding the Cost of Benefits for Self‑Employed Professionals
When you work as a traditional employee, your employer usually takes care of the bulk of your benefits package. Health insurance premiums, life and disability coverage, pension contributions, and sometimes even a slice of the profit share are paid directly by the company. On top of that, the employer matches about half of your Social Security tax contribution. This setup lets you receive a steady paycheck while the employer shoulders the administrative load and many of the associated costs.
No comments yet. Be the first to comment!