WIP CEU Webinar Series Self-Employment Issues for Title II Disability and SSI: Take That Job and Shove It; I’m Working for Myself
SSA’s rules regarding the impact of earnings on Title II Disability and SSI benefits are substantially different for self-employment income than for wages. This topic has grown increasingly important in recent years as more workers have been classified as self-employed, including private contractors (who work for an employer but are technically self-employed) and gig workers. Self-employment has also become a more popular work option for many people with disabilities for whom regular wage employment is impractical or undesirable. Now more than ever, Work Incentive Practitioners need to know the self-employment rules.
Self-employment generally involves some advantages where benefits are concerned. However, it also entails more responsibility. Self-employed beneficiaries need to keep better records than wage employees, tracking earnings, business expenses and other details. Work Incentive Practitioners not only need to understand the rules, but also know how to advise self-employed workers about tracking information, reporting earnings and filing tax forms.
This webinar covers all the self-employment basics:
· What constitutes self-employment?
· Tracking business expenses
· Calculating “net earnings from self-employment (NESE)”
· How NESE are counted during the Trial Work Period, SGA determinations and for SSI purposes
· Reporting self-employment earnings to SSA
· Differences in SGA determinations and work incentives for self-employment
· Importance of business structure (sole proprietorship, partnership, limited liability company (LLC) or corporation)
· Differences regarding SSI work incentives for self-employment (IRWE, BWE, PASS, Property Essential to Self-Support (PESS))