As a statutory employee, they take out FICA and match it. sm
Posted By: long-time MT on 2005-12-13
In Reply to: Thanks for the info. sm - Tired
Therefore, you do not have to file self-employment tax, like an IC. You are still not an employee per se, in that you set up your own schedule/make your own hours. You tell them how many lines you will do in a day, and every 2 months, you submit a schedule, telling them which days you will work.
You have to have your own PC. You can rent a C-phone from them, and some of the accounts are going to wav files, and I think the company provides the wav pedal for you.
Hope this helps!
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Depends on if you are employee or statutory employee (sm)
Employee, 8th and 23rd of month
Stat. Employee, 15th and 30th month
Am I statutory or employee
I just recently started working for MQ. Everyone is getting me confused. First, I am emailed about a rental fee. I called and told them I was an employee. I got my first paycheck and they only took out state and federal taxes. So, I am still as confused as they are. I left 3 messages for payroll and 3 emails. No answer as of yet. Are they supposed to take out all taxes if I am a full time employee? They only took out state and federal. Does this make a statutory?
Thanks for any infor.
I am a statutory employee and they take out sm
state, federal and Social Security. I didn't want to be botherered with the taxes and it was an option they could or I and I chose MQ to take the taxes.
Statutory employee
I was wondering if anyone could tell me the companies who hire statutory employees? I would like the flexibility of an IC, but I would like the company to pay half the taxes for me. If you know how I could find out which companies work this way, please let me know! Thanks!!!
Statutory employee
By definition an independent contractor (IC) should not be told that he/she will work 8 hours or 2 hours straight on a schedule. You give them the schedule you prefer to work and they accept that or reject it. The operative word here is independent. Far too many companies try to not do the tax thing and still want control of the IC. The IRS does not like that!
you are an SE, statutory employee.
x
They are IC/statutory employee so no
benefits, insurance, etc. Website is transmdi.com
Yes, they called it Statutory Employee or IC ... at least
that is what is says on my contract. ?????
Statutory Employee Status sm
Use Bayscribe platform.
Statutory employee. Work when you want
nm
Statutory Employee Status
Please, can someone tell me if there are transcription companies that offer remote MTs employee status w/medical benefits. Is there such a thing as a Statutory Employee and what does this entitle us to?
They only offer SE - statutory employee
Since they don't offer benefits, you're not classified as FT or PT.
Statutory employee versus IC.....
I know that being a statutory employee has some SS taxes taken out by the company, but does being a statutory employee mean a company can make you stick to a set schedule?
Congrats! You are a statutory employee, not an IC
They do take a portion of taxes out of every check. But since you don't have any further benefits you get the 24 hour turn around flexibility. If someone else covers your health insurance, it's the best of both world in my opinion. Hope this helps.
Part-time...statutory; used to be PT employee. (NM)
..
I had a hard time as a statutory employee, but
now that I am a regular employee and have to have a set schedule I am WAYYYYY more disciplined. I guess I actually needed that boss hanging over me (not literally, LOL) to make sure I work and make $$$$$. Best of luck to you.
Agree with poster below - MDI is statutory employee
There are no benefits. It's basically the same as IC with the taxes taken out. Did you think you were hired for employee status? Don't mean to rain on your parade, but better double-check that.
NEITHER STATUTORY NOR EMPLOYEE STATUS FAIR..SM
I said it before, when MTs were first forced to go the employee route..it's all about control...same for statutory. They have no right to dictate shifts/hours unless you're paid for your time by the hour. In either, you only get what you produce, per production. You might think you're ahead with employee status because of benefits. But what happens when you can't make your line count, even through no fault of your own? The only square deal is IC status... you get what you pay for..no more, no less. They don't pay for your time.. so they can't dictate a schedule. What other industry would require a certain amount of your time and not pay for your time? It would be different if they were to guarantee a certain wage per hour/day, etc... but they can't even guarantee there will even be any work.
SC meaning SE (statutory employee) and or IC contractor.
Still looking for help on employee positions with no VR which are good. Thanks.
Statutory Employee: What services hire SEs?
I have enjoyed the flexibility and tax part of being an SE with MDI-MD, but it seems very difficult to find any service who will hire SE. I see IC or FT or PT, but not SE. Could someone give me some leads? I searched the archives, not much current info. there...thanks!!
full-time employee, but started out statutory (sm)
Good luck and I'm glad you're giving MQ a chance. I think you will be pleasantly suprised. I know I was. I was kind of disappointed when they called me back, but I really needed a job, so I took it, and four years later, I'm very happy! Good luck to ya! 
Just curious, what didn't you like about being statutory employee at older job? sm
I'm thinking of becoming one so I'd like a heads up on possible issues this causes!!! Thanks.
You report wages and expenses as a statutory employee on schedule C.
I don't know how the company is these days, but when I was employed by them, there were some very rude people who worked in the office. I suspect since they were so high up, they're still there.
Do they offer both statutory employee and independent contractor status? Thank you! NM
NM
Only employee and statutory employee..no IC
nm
P.S. ''If we try employee status and decide it’s not for us, can we return to statutory employ
x
Re subject way down about FICA
I was very interested in the thread below that seemed to state no FICA has to be paid on earnings after retirement. My husband retired at the full age but FICA is taken out of every check. I was hoping the poster was right, but from the following statement made on the social security web site, it does not appear to be the case. Unless I misunderstood the point the poster was making, in which case I apologize.
Q. If I work after I start receiving Social Security retirement benefits, will I still need to pay Social Security and Medicare taxes on my earnings?
A. Yes. Any time you work in a job that is covered by Social Security--even if you are already receiving Social Security benefits--you and your employer must pay the Social Security and Medicare taxes on your earnings. The same is true if you are self-employed. You are still subject to the Social Security and Medicare taxes on your net profit.
Tell me, what check is FICA
being taken out of. You said your husband retired at full retirement age?
They take out for FICA. You are responsible for state and fed taxes. nm
but only match 3%.
they actually do match you up with sm
an account that meets your qualifications. don't think they aren't interested, this is normal protocol. I applied and didn't hear anything for about three weeks and then they hired me. They are not blowing you off. Hope that makes you feel better. H ang in there
OSi..4% match, 100% vested
nm
12 months and yes they match.
nm
I used them and am very happy with the match they
made for me. 
they match up ppl with what services
they need...ie filing bankruptcy, they will link you with those resources. Lawyer referrals for what you need, not just a lawyer. If you use those services, you get a discount of one sort or another. Counseling, weight control, other life problems are free. Depends on what you need them for, but they are supposed to be pretty good. The hospital I work for has them for things like child care, elder care, cousneling, life matters, etc. Hope this helps.
I think it's just finding the right match....
I have worked for 3 different companies and currently work for two. On one of the companies I make at least $20 per hour, sometimes closer to $25 and on my second job I make between $30 and $45 an hour. I actually find myself dissapointed when I'm only making $20 and my husband tells me I'm crazy, that is good money to make at home. I don't work 8 hours a day though, neither job even has the work to keep me busy a full 8 hours. I work probably 5 straight typing hours per day.
Wondering about the 401k match - how much
is it acute care or radiology only? I read an ad for clinic - do the benefits only apply to acute care and radiology or do you have full time clinic MTs as well?
I think you and Breitner would be a good match - EOM
are there any companies that match 401k? (nm)
?
My company matches 3%, others match more, but I have
not heard of an MT company that matches 100%. I don't have medical insurance through my company because I don't like the company (BCBS) and the premium for family is nearly $800.00/mo.
i read it again, and exper and job des dont match
/
Could you keep me posted on that. I have yet been able to find anyone to match what I get on Escript
which is 5 cpl for editing. The only ones I hear about her anwhere from 2-4.5 cpl (2-3 by the way is an insult).
They don't match 401K; 3 days PTO 1st year; 10 after that until...sm
5th year (I think, not sure) and then 15 days. NO THEY DO NOT HAVE A STEADY WORKLOAD. They are up to something/contracting work cheaply. We were all on OT last week and now have no work during, as has been said in other posts, peak flu and RSV season. It ain't all the effect of the economy. You can't trust them at all.
I am unsure how the health insurance stacks up, but vision and dental are cheap.
The pay doesn't match the knowledge level required! (s/m)
It seems like everyone wants years of experience, well-rounded knowledge of various specialties, perfect English & spelling, fast typist, yada-yada-yada. But the pay is a joke. And a regular 8-hour day/40-hour week? Forget it! Being paid on production leaves out the variability factor. (I'm on this board right now because I've been sitting here for an hour waiting for work from my employer!) So to make up the gaps, I put in 12+ hour days, and STILL need a second job. I've been MT-ing for 30 years, yet I can barely pay my rent.
And the problem starts with the hospitals & clinics who only care about the bottom line. They'll gladly pay to overstaff their facility with far too many overpaid, superfluous management personnel, but then get chintzy when it comes to their transcription needs. Yet they want perfectly done transcription, even with ESLs. So the MT companies have to bid low to get the account. And the people actually DOING the work get paid next-to-nothing.
I would like to see MT go back to being a good, solid middle-class job again, instead of the sweatshop labor it has become. Employers need to offer a true living wage in order to attract top MTs and retain them.
If you are statutory they take out SS tax only. (sm)
In this instance they took everyout out but.
Statutory or IC?
Statutory is different than IC - I haven't seen much in the way of statutory, but I just had a job offer today, GOOD offer, too - from Oracle, and it's IC. I'm leery about going IC all the way, but then again - why not? There are no guarantees anywhere, and my husband says we do much better tax-break wise with IC than employee status.
Statutory or IC
Hey, I just had an offer from them today too.. Maybe we can chat? I didn't get my paperwork yet in email. Did you?
Statutory of IC
Oh I talked to her today and she is sending my paperwork, so if you had not accepted, then you probably wont' get any paperwork.
Which is better, statutory or IC
and why?
everybody is statutory.sm
Good company, sometimes too much work, sometimes not enough, just like everywhere else. Lanier accounts are pretty much like any other account, work is work.
Statutory?
If a company does not take out state income taxes does that mean the Transcriptionist is statutory?
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