As an SE the company pays your taxes, but
Posted By: from what I understand on 2006-01-08
In Reply to: Statuatory employee versus regular employee.... - Confused...
you have the flexibility with your schedule as an IC. I have always been an employee so I'm not up on all this, just what I was told at one time, though that was a couple of years ago and rules/regs may have changed. Don't know how SE would affect you being able to claim business expenses, if at all.
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I work for a company in Florida too who gladly pays state taxes because
they know it is the law.
who pays the taxes on offshoring?
I have never seen this addressed but who pays the taxes to the United States on offshore work? They aren't govered by our tax system. The companies who use them, do they pay the taxes?
So in actuality, an IC pays MORE taxes than an employee?
nm
They must deduct FEDERAL taxes.. NOT STATE taxes.. if they took out state taxes.. it would be FLORID
which would only have to be refunded to you for you to pay YOUR state what you owe them which is nothing but a pain... be glad they weren't handling your state tax.. and I think in this case.. if someone at the IRS told you they have to deduct YOUR states taxes.. it is that person who is uneducated... they only have to deduce federal income tax
Need a company that takes out taxes and has insurance
I can't be an independent contractor because my husband is self employed. One of us needs to pay for taxes and insurance. Anybody know of some companies that do this that I could check out?
I would not go with a company that pays so low
and lies about stuff
Almost every company pays more
Just pick any other company and apply.
My company pays more
For acute care. Where I work, ops pay 2 cpl more than clinic notes. The breadth of knowledge required to transcribe op notes across multiple specialties is significant. Obviously it can be learned, but takes time to get proficient at ops.
I would go 110% with the company that pays more...sm
Some will argue, but a good MT shouldn't have a hard time finding a job. I didn't. They are posted everywhere. Go where the money is! I was in the same situation. Going from platform to platform, account to account, slows you down more than you know. Hop on one train and ride it!
anyone know company who pays weekly?
Are there companies that pay weekly? Curious.
The company I work for pays
for radiology by the line .. .08-.09 depending on your assignment .. our radiology MTs do very well. The radiology work is MRI, DEXA, PET, ULS, and special studies. Experience in doing more than plain films is essential. The work is Monday through Friday as these are all outpatient centers.
The company I work for only pays
or anything else. They say we will go more than twice as much and make big, big bucks. Do you believe that? I don't. 4 CPL!!! And I bet you can figure out which company on your own.
What company pays per report for QA?
That is low pay for VR. The company I work for pays almost
twice that. I hate VR. I don't have to do it where I work.
I know a company that pays for 5 if you're off.
nm
My company pays $15 to $18 per hour for QA but
I was offered a QA position and even at the highest hourly amount, I make at least $3 more transcribing.
Depending on how much discipline I have on any particular day, I make anywhere from $20 to $35 an hour but never any less than $20 an hour on production. Other than my hands killing me periodically, I would much rather transcribe!!
This company pays weekly...nm
/
My company pays downtime if
there is no work within your scheduled work time. You don't have to make it up if there is work later either. They don't guarantee lines though and the amount they pay is less than most MTs would make by transcribing, but it is money coming in. We went several months where some accounts were running out of work daily, now lots of accounts on OT until further notice.
My company pays very weakly! LOL
IC pays ENTIRE tax to IRS, company does NOT pitch in.
This is a BIG boon for the companies as they try to pay ICs the same (or lower) rate than employees. At the end of the year, you will find yourself owing Uncle Warhead a really big chunk of money - and deductions? Forget it unless you can come up with more than $5,000 worth, which you may be able to do if you are buying a home - be real careful if you are renting. I don't care what anyone tells you. Talk to a tax professional before considering going IC.
what company pays 17 dollars an hour?
JLG pays 21 dollars an hour, that is a fact.
Anyone know what a company called Synernet pays? nm
xxx
What company pays 18 cpl? I'm familiar with most of the places out there and 18 cpl is unheard o
x
I work IC for a company who pays by check in mail
Never had a bounced check either. I can see why you would worry though. Maybe they will do the switch eventually.
Anyone know if Accustat is a good company and pays on time?
Curious
Good company. Pays higher than many. Very high
Pay is always on time (early if payday is on a holiday). Good transcription software. Approachable, friendly management. Benefits okay. (Blue Cross). Also eye & dental. 401K that they also contribute to. Pretty much straight typing, not much in the way of templates. VR in place on some accounts. Currently MT has the choice of using it or not. All in all, I'm satisfied with working there.
Does anyone know if Precyse Solutions is a good company that pays on time and has plenty
of work?
If company is in state that has no state taxes
they are not required to take out state taxes. It's enough to keep up with your own state tax law code, could you imagine having to stay abreast of 49 other state tax codes? The cost would be huge and ultimately passed on to us by lower line rates. Regardless of who owes the tax, someone has to pay it. Just a matter of convenience I guess.
Holidays - Is there any company who pays holidays?
Are there companies (like in the old days) who pay you for Christmas, NY, Thanksgiving, etc., MAJOR HOLIDAYS?
Taxes
When you work for someone you STILL PAY YOUR TAXES, your employer does NOT except for the 7.5 SS. Look at your pay check, are not taxed withheld??? As an IC you are RESPONSIBLE for withholding your own taxes and sending them in but either as an employee or a IC -- you still PAY them, except for the 7.5 of social security. Sorry but it bugs me when people say as an IC you pay your own taxes as it is incorrect -- you are RESPONSIBLE for paying your own taxes. With your write off's, flexibility and most of the time more pay it does cover the extra SS you have to pay. Been doing it for almost 20 years.
SE and taxes
I'm seriously considering accepting a job as an SE. The employer holds and pays social security but not income tax or other federal tax. My state has no income tax, but I was wondering if I would have to pay Medicare tax as well as withholding tax. Also, is there a way to pay via IRS monthly or bimonthly rather than quarterly. This is new to me and I'm a little spooked. If I would have to pay Medicare, does anyone know what percent that is. I understand I should hold or pay 25% roughly for withholding. Help please. 
Taxes
Absolutely and you do not have to be only an IC for this write off. Even if you are an employee expenses that you incur in order to perform your job which are not reimbursed by your employer are all eligible. I write off my ink cartridges, printer paper, internet service, etc.
Taxes
I really believe a sharp CPA is worth every penny.
Taxes
It is my understanding that if the state your company is located in does not have a sales tax - then they do not handle the state taxes period. Examples would be companies located in Florida and I think Tennessee.
Taxes
The cost is the same to the employee either way, it is just the convenience of not having to deal with it. Whether they deduct it out of your check and pay it or whether they give you the full amount and you deduct it - either way you owe it and have to pay it. Of course it is less convenient to file quarterly taxes. According to my CPA the employer does not have to withhold if their state does not have state income tax. The employee is responsible for paying quarterly in order to avoid any late fines. Maybe each state has their own standards but I can't imagine all these companies in states without state taxes would be getting away with not withholding if that were the case. By the way, having more held out of hubbies return sounds like a good idea to me if you are filing jointly anyway.
Taxes
I wonder then, since this seems to be different state to state, if some of these companies would legally be able to just not employee MTs from states who require the employer, regardless of location, to handle the state taxes. I could see them thinking the paperwork/accounting costs would not be worth it.
SS taxes
just taken out of pay, you have to use bayscribe, but certain programs they can import into bayscribe and yes, they will if asked provide sample reports.
taxes
Yes, they do.
IC Taxes
For some IC is better, I guess it depends on your circumstances. My husband is on disability so our income is very low, we clam the mortgage interest our home and we never have to pay in. I do have to pay 1% local tax each year but that is never more than $100.00 or so. As IC you are able to write off Internet expenses, paper, ink, ref. books ect. For me it is just better. Plus as IC I feel that I have more control, but that is jost my opinion. 
Taxes sm
If you are an IC then you have to pay your own taxes. There is no difference. You would just convert the $$ into US (your bank does this) and keep track of the actual US dollars you made and then claim it on your tax return. Hope this helps.
As an SE..do they pay any taxes..sm
or are you responsible for paying all your taxes yourself?
taxes
Are there are any Radiology jobs that pay part of taxes?
Taxes
The post above is not true. As an employee the employer pays one half of your federal and state (if you have them) taxes. It is not just half of the FICA they pay. It is half of the total federal (Fed, FICA, Medicare.) I was an MTSO for 8 years and looked into making my ICs employees and just couldn't swing it plus try to offer benefits.
taxes
Bravo!!! Obviously, the OP either has grown children or no children. It takes an incredible juggling act to raise kids these days. Most parents in our income range need all the help they can get. Just having custody of a 2-year-old for 6 weeks has taught me that. Daycare alone is taking all I have. You're right - never underestimate the people with authority in nursing homes. My son reminds me of that sometimes - I only hope he is joking! Have a good Monday!!
taxes
I realize that. What I am concerned about is Social Security and how that works and how do I decide how much taxes to hold out of my check to be sure I am covered at tax time? Just looking for some preferences here from people who have done it both ways. Thanks!
After taxes, it's a lot less than $100.....
Skroo that!
IC and taxes
I have just accepted an IC position. I have never worked as an IC before. Do you set aside your tax money and pay it quarterly or at the end of the year. (for next year) Any advice on this would be much appreciated. Thanks!
IC and Taxes
Thanks for the information. I was thinking it would be best to pay quarterly. I have my city taxes set up like that already. Do you know how to set up state and federal taxes to be quarterly?
IC taxes
You don't pay any more taxes as an IC than you do as a regular employee. You pay your taxes differently and pay more up front than you do as an employee, but on the back end when you do your taxes it all evens out.
You have to pay your regular federal withholding. It's the same rate that you would pay based on 0 deductions with a regular job. You can use the tax table http://www.irs.gov/pub/irs-pdf/p15.pdf to figure that out. Then you have to pay the whole FICA tax of 15.3%. Half of that is the employer's portion, which you don't have to pay as an employee. The other half and the federal withholding you already pay as an employee.
When you do your taxes at the end of the year, you enter half of your self employment FICA tax on line 27 (along with a schedule SE) and you deduct it from your gross income.
So you have to pay more up front, but you don't pay more in the long run.
I pay 25% to the feds every time I get paid and I pay 5% to the state every time I get paid. A lot of people like to do it quarterly, but I like to get it over with so I don't think I have the money to spend.
You can make your federal tax payments on line here: https://www.eftps.gov/eftps/ . You have to sign up with them and then they mail you paperwork with online passwords and stuff, so it takes about a week to get actual access, but it's worth it. It's where I pay all of my taxes. Your state probably has an online presence where you can pay your state taxes as well.
I've only ever been an IC so I can't compare working as an IC to working as an employee on production.
rather just under 100,000 a year, after taxes
please. transcribing for a national??
Employees pay taxes too
You are only paying 7.5% more due to SS, and you should be able to find 7.5% worth of deductions to take. If you were an employee you still pay the taxes they just withold it from your check.
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