Accounting, Bookkeeping, and Other Business Jobs

Accounting, Bookkeeping, and Other Business Jobs

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Many accountants start out working on tax returns from their home. One
accountant we know became so successful that he bought the house next
door to live in, rehabbed the original home into all offices, and hired several
accountants to work for him.
Another area of financial work that can be done from home is bookkeeping.
Bookkeepers are those who enter the financial data from a business onto
a computer spreadsheet or onto paper. They also analyze the financial data
and prepare the financial statements for the company. Most of this function
can be done from the bookkeeper’s home. Some companies that use nonemployee
bookkeepers require that they enter the financial data at the company’s
location. Once the data is entered, computer reports are generated and
the bookkeeper can use these to prepare the statements from home.
Many former corporate secretaries and typists work from their home typing
documents, especially for students. While most students have their own
computer, some just do not have the speed required to quickly produce a
multipage term paper or thesis. Another area for a small home business can
be producing professional presentations and brochures.
Freelancing
Working as a freelancer (consultant) is becoming very desirable for both the
business doing the hiring and the worker. A freelancer is usually defined as
a person who does the work of an employee for a contracted period of time,
for a set cost, but who does not receive benefits such as vacation, insurance,
401(k), etc. In legal terms, you are an independent contractor.
The businesses using this type of worker can save money. The business
gets a worker without having to pay the benefits an employee requires. If
the amount of work needed to be done drops, an independent contractor
may be able to be let go without the concern of a wrongful termination lawsuit.
Also, many independent contractors pay their own taxes and withholdings.
That way, the business saves money on tax processing.
Kinds of Home-Based Businesses 17


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How do you fit being a freelancer into a home business? Easy.Your home
becomes your primary office, with your product being you. You market
your skills along with the benefits that the employer will receive from using
a nonemployee. Figure 2.1 describes the items you will need to maintain a
freelance business from your home.
Many businesspeople are considered freelancers, independent contractors,
or consultants. Many professions have been using this type of worker
for a long time, especially in construction, carpentry, residential painting,
computer programming, computer analysts, accounting, bookkeeping, data
entry, and deliveries. In the last five years, many additional professions have
also begun to benefit from this type of worker.