IC versus Employee Status
Posted By: alic32 on 2009-03-22
In Reply to:
What is the best way to go here? If you are an IC, what do you like best about it? Is it easy to find affordable insurance? What are the advantages? I am single and need to be insured, but if you make more per line maybe this wouldn't be a bad option. I know MDI only hires IC and wondering if it is worth my time to work for them as an IC. People seem to LOVE working there and I am tempted, but the IC status scares the heck out of me.
Complete Discussion Below: marks the location of current message within thread
The messages you are viewing
are archived/old. To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
IC versus employee status
I am considering a job offer which will make me an employee after being IC status for the past 9 years. This job is 2 cents/line lower than what I make as an IC. I also have extra expense now with unlimited LD and equipment rental that I won't have as an employee. I am concerned about dropping 2 cents/line, but without the headaches of dealing with taxes every year, it might be worth it. Any thoughts from anyone who has gone from IC to employee?
Thanks!
IC status versus employee
I've been offered an IC position. Any advice you can give would be great!!
First, both companies are offering me the same line rate. What I'm pretty naive about are the tax portions. Would I be paying out more in taxes as an IC as compared to a company taking them out as an employee? If anybody lives in Pennsylvania, could you please let me know how much I would need to take out of each check to be safe at tax time?
Thanks so much!
IC versus Employee Status
What is the best way to go here? If you are an IC, what do you like best about it? Is it easy to find affordable insurance? What are the advantages? I am single and need to be insured, but if you make more per line maybe this wouldn't be a bad option. I know MDI only hires IC and wondering if it is worth my time to work for them as an IC. People seem to LOVE working there and I am tempted, but the IC status scares the heck out of me.
Agree..with IC status, equip. is your responsibility; employee status - you should SM
not have to pay out-of-pocket for use of their equipment. I would never work employee status for a company who required me to purchase or lease their equipment. The only thing I would find acceptable is to have a small security deposit taken out of paycheck when starting with a company. This will protect the company from those few who might abuse the equipment.
Anyone know of Escription companies that offer IC status. I do not want employee status but would
like to stick with the Escription platform at all possible.
Employee status w/benefits vs IC status??? Dilemna enclosed
I am caught between a rock and a hard place and figure this is the place to get the best advice from those in the know. I have been an IC for the past 5 years and love the flexibility but was interested in a job with benefits. I started a new job about a month ago with good pay (2 lph more than I was making) and benefits......very happy with company but as an employee, obviously have a schedule. I am working both jobs currently and starting to burn out. On the new job, I am struggling to get the 1200 lines per day required but on my old.... I can easily get 150-400 lph depending on the dictator but again, it is IC and less lph than the new job. Obviously, the platform is different and not paid for template headers/footers wheras the old one, I am paid for those. Now to my question. Is it just me? Is it because I really enjoyed the freedom of ic status and therfore seem to be struggling? Anyone else experienced this before? Tempted to go back told job and lose benefits/more pay because in the end, maybe it works out be the same pay because of amount of time I spend getting the job done? Not sure if this makes sense but hoping you can all offer some advice!! TIA
Statuatory employee versus regular employee....
Can someone tell me the difference between a statuatory employee versus a regular employee? My company offeres IC or SE status....I am confused about whether switching over the SE would benefit me more than IC status that I have been for some time with them? What are the benefits and disadvantages of being an SE versus IC? Thanks for all of your help!
MDI versus MedScribe versus SoftScript versus Transsolutions versus TransHealth. SM
I'm getting ready to start applying and these are the companies that I'm looking at. So give me the low-down. Good, bad, India?
Here are my criteria:
9 cpl or better
Does NOT send work to India
Good accounts with at least 50/50 of ESL versus American dictators
Consistent work flow - no downtime or time spent waiting for work
Upper management should be professional, positive, and encouraging.
Pay for lines WITH spaces.
Is there such a job out there or am I just dreaming? If there are other companies other than the ones I listed that would fit the bill, please feel free to let me know. I tested with TransHealth and I felt like I tanked. It was a hard test and I had to use the mouse to stop and start the dictation as it was online test and you couldn't download the voice files. So that made it a lot more difficult. One of the dictators was cutting himself off through the report and I had to leave some blanks. I'm very frustrated with this whole process of looking and testing. Are all the tests like that? Or are there companies that allow you download the test files and transcribe them using your pedal and software? Ugh! I am just so frustrated and discouraged.
Thanks for any helpf.
IC versus Employee
As an IC, you can deduct at 100% all of your expenses. An an employee, you can only deduct the amount that exceeds 2% of your gross income (if you are married and filing jointly, it is yours and your sponse's combined gross income). In other words, if your joint combined gross income is $100,000, you can only deduct your expensed over $2000. That is a huge amount to have to not include. Check with any tax accountant or IRS regarding this.
IC versus employee
This is a muliple-part question--hoping someone here can help with some or all of them!
1. Does anyone have experience working for Shriners' Children's Hospital inhouse in Norcross, GA? Many ESLs, how are working conditions, etc?
2. I've been recently sent home from my small office practice (didn't volunteer!) and changed from transcription/med records clerk employee to IC; lost benefits. I think a little further on I'll have to get another inhouse job--remains to be seen if I can afford to live on this reduced income. Does anyone have solutions regarding health insurance for self-employed, single people? In my state an individual BCBS premium for someone my age is $300.00/month w/$250.00 deductible. (Yikes!)
3. How to tweak my (hopefully) next interview to reflect that in my last job I was told basically I wasn't a good "fit" for the office, even though they were happy with my work quality and quantity? In their opinion I didn't pitch in and answer phones quickly enough, schedule patients and take on copying duties cheerfully enough--in short, lacked a positive attitude, even though I DID do these extra duties politely. I'm nearly 60 years old--and don't do perky very well. Should I just explain this last job didn't suit my skills and personality?
Thanks for reading thus far--will appreciate your suggestions or input!
If you are an employee versus IC, then
the MTSO can control your hours. MQ did away with their ICs/SEs years ago. There may be tax breaks too, I don't known.
If you are an employee versus IC, then
the MTSO can control your hours. MQ did away with their ICs/SEs years ago. There may be tax breaks too, I don't know though.
IC versus employee
The IRS has strict guidlines as to what criteria you meet as an IC versus an employee and rest assured both the person and the company will BOTH be fined. There is definintely one answer the IRS does nto accept and that is I didn't know. As an IC you are considered a business and you better know your business or you will get burned by compaines as well as the IRS.
IC versus employee
If you quit your job, I don't believe you will be eligible for unemployment. You have to be let go by them. I work as an IC and you have to also pay self-employment tax, which you obviously don't have to pay if you are an employee. As an employee, you will have some benefits as they call them, whereas you will have none as an IC (including no vacation pay, insurance, long-term disability, etc).
Employee versus IC/SE
Well I started out at MDI-FL, then Transcend as an IC and would have been happy to stay that way but they made that impossible because you had to buy E&O insurance and Worker's Comp insurance and get an EIN number (not your SS #) so I went to employee status but I don't use the benefits as we have insurance thorugh my husband's work so I would prefer the higher line rate over the benefits.
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?
IC versus employee - job security
Which status affords more job security with a company? Working as IC now and love the account and the company. I really want to ensure a long future with the company, so wouldn't going PT employee status be the obvious choice over remaining IC? I understand the pay is a bit lower but is one really more advantageous than the other. I do not need benefits currently; however, they do offer a 401K program for their PT employees. Thanks for any input.
IC versus Employee - Nuance
Does Nuance only have employees? If they only have employees, I wonder why? Wouldn't they save money with IC's? What is the advantage to Nuance with having employees? Just asking why..
IC versus employee...if you are making...sm
If you were making 8 cents a line as an IC what would that equal to as an employee? I know there are many factors, such as deductions, etc. as an IC, but overall, would that be the same as making 7 cents a line? I am just trying to wrap my head around a couple of different offers and the pay just seems to get lower and lower. Thanks.
IRS has guideline IC versus employee sm
and yes, they regard the IC situation as if an employee. They do it, as they get away with it. As is said, people do IT (whatever that may be), because they CAN (meaning nobody stops them)
They dictate to the IC in contract form - the lines expected how long to accomplish this j, hours and days, etc.
Google.com IRS independent contractor guidelines (or some such other term).
Employee versus Independent Contractor
http://jobsearchtech.about.com/od/laborlaws/l/aa121800.htm
I have read this article (you have to scroll down a little, but I have found it helpful in explaining some things regarding IC vs Employee. Just wanted to share for anyone who is interested.
Independent contractor versus employee?
Can someone please tell me the difference between independent contractor and employee status? I was employed for a company about 6 years ago where I was an independent contractor and they didnt take out federal taxes. I then went to a company as an employee status where they did take out federal taxes out of my check? As an independent contractor, do they all not take out federal taxes and can you request that they do if that is the case? I have almost 10 years experience and have been applying for jobs left and right with no response and have only been answering ads for employee based work because of the federal taxes? I can not understand why I am not getting any responses. What am I doing wrong?
Thanks, I think employee status though
I applied 2 months ago and checked the ad again on their website. The hours stink. SO, I'll go and see what they offer, but not sure. Hours, days are Monday, Thurs,Fri,Sat, Sun. 3 to 11:30 pm, then Sat and Sun 7am to 3:30pm. YUCK! I don't remember those hours from when I applied that long ago! Am curious to see what they offer though. Will post after I find out. Job is in Minnesota, Twin Cities metro, but will be home-based.
0.738 cpl actually if employee status sm
To figure out what a line rate would be for employee status - you just subtract 7.65% from the IC line rate. My neighbor is an HR specialist and teaches the tax classes at a bank here. She said the only difference is that you pay the 7.65% FICA instead of the employer paying it. There are so many ignorant people out there saying you pay 30% more - you don't. You pay the same, plus the above amount - for me equals about 28% total, not 30% additional.
No they are not IC. Employee status
and I believe 1,000 lines is FT. No pressure. Very easy going. Not sure of benefits yet. Not sure if you can be IC or not.
I am FT and plan to stay FT and can easily do 1,000 but struggle with 1,2000 because of lack of work and crap I am stuck with because of cherrypicking the work.
They pay less than I am making now and cannot really afford to go just yet.
Also they count spaces and headings for line count.
FT & PT - employee status - sm
I work for them too and love it there. The specialties they are hiring for are probably Ortho and Onc. Great place to work, nice people. Very happy.
Employee status
Amphion has all employee-status positions.
Employee status only. nm
Employee status?
Does ScribeRight offer employee status or just IC? Thanks.
Employee Status?
Do they offer regular employee status?
No employee status, IC or SE...SM
and absolutely no benefits I don't care what state you live in. Horrible dictators, 90% ESL.....office staff is great, pay always on time and there is usually plenty of work.
Employee Status?
Do they hire ICs or employee status as well? Do they hire remote transcriptionists or local only? Do you furnish all of your own equipment? Thanks!
The TH QA is employee status.
xxx
They have employee status as well.
x
IC to employee status
Would appreciate any recommendations for companies to check out that offer IC or SE status with the option of becoming an employee with benefits if things work out. Been burned too many times to jump ship anymore without testing the waters first. Looking for acute care and/or radiology. Thanks.
my employee status seems to be different...
I get paid $21/h plus incentive. My employee status seems to be different from those below. We do not have to produce by line because we ACTUALLY get paid by the hour. Minimum is 75 minutes per 8-hour shift, 50 cents incentive (I wish it was more) after the 75 minutes. If there is no work, we still get paid $21/h. We are backed up by a union who renews/ratifies our contract every three years with the hospital. Of course, if we wanted to, we could figure out how many lines we actually type an hour but we don't need to. Our MTs used to work in the hospital before they sent us home to save money. I admit, because of this benefit, I slack every now and then to watch TV or do laundry knowing I get a set pay every two weeks, but in order for us to stay qualifed to work at home, we need to meet the minimal requirement of 75 productive minutes, which is actually not hard to do. With that said, if we say, lose electricity, we can use 1-hour downtime. After that, we have one hour to get to the office to continue our work.
We had an earthquake in Hawaii a couple of weeks ago resulting in total black out on all islands (Oahu 16 hours). Some of the MTs took PTO, some made up time on another day.
Employee Status
You might actually end up with a little more if you type the same number of lines/reports since you only have to pay half your taxes and FICA but remember then no deductions either.
IC status vs. employee
IC means different things to different companies. I was an inhouse (employee) at a local company doing both rad and acute care, mainly rad. Due to supervisor's pets not pulling their weight and management's refusal to hire help for growing accounts, me and one other coworker were stuck working all the time. Every time I left the house for an errand, dinner, etc., and got on the computer, I had Yahoo instant messages waiting on me like ARE YOU THERE?, Where are you?! We need your help! These jobs are out of turnaround time and Ms. X from ABC hospital is complaining! Regardless of the fact I worked late, sometimes till 4 a.m., I was not appreciated. I finally decided this was not worth 8 cents per line and left there. Both as an employee and as an at-home IC, I was done dirty numerous times and had my pay docked once because another MT was sick and left me to do her (backed up) work. Just because it was my weekend, when the account complained I was docked. I started looking for another job that very hour.
Sorry to ramble but my point is, it doesn't matter (from my experience anyway) what status you are, how you are treated and whether or not you are overworked depends on the company.
Employee status
You are an employee when they pay your taxes, and then if you use their computer, they own you......
Employee vs. IC status
I agree with the not-so-great aspects of IC status...I'm single, what if I get disabled, or laid off, or any number of different scenarios...you have NO PROTECTION then...there is a reason all the labor unions battled for these kinds of worker protections! If you have got back up then maybe IC is a good thing...but if you are on your own...not so sure...
Is this for IC or employee status?
It sounds like their ER accounts are for employee status, or do they offer IC? They seem like a good company from what I've read. Good luck!
If you are employee status, can you...sm
say what the benefits cost, time off, etc. is. Thanks very much.
Employee status only
Have you read the MQ board?? Are you sure you want to do this??
I had always been employee status and had never been an SE or IC before.. (sm)
I did like the freedom of being able to basically set my own schedule. But I was so used to having taxes taken out and having the benefits and realized after I took the job that I just wasn't going to make enough money to cover my own insurance policy. It was a great company. I think if it had been at a different point in my life it might have worked out. But I had just left Medquist and was deeply in debt because all my accounts at MQ dried up and I was getting no work. I decided to go with Keystrokes then and I'm glad I did because they take out my taxes, I have benefits again AND they are very flexible. I know there are a lot of SE's and IC's that are very happy...it just wasn't for me at that particular time.
No ICs -- employee status only.
xx
Employee status only. nm
nm
All employee status
They are hiring for full-time status with great benefits.
Are you IC or employee status? nm
*
employee status
I sued the company which was national at the time along with 10 other MTs. Yes, the time sheets were altered but I had the originals which were not tainted. I sued them for OT and downtime and won along with the other MTs. It can be done and companies will stop doing this to people.
If you are employee status I'd think
maybe depending on your state and their temporary disability plan you'd possibly be covered under that. In my state it's 6 weeks maternity allowed. I worked right up until the end with my kids so I could use my entire 6 weeks postpartum. If you have to leave earlier with your doctors approval you can actually have the 6 weeks increased.
employee status...sm
I do not work for an MTSO as an employee. I was actually hired by the HOSPITAL (union, 5 months pto in a year, sick leave, etc). Work is slow today for us also, but we are still getting paid with time and 1/2. Maybe you should apply at an actual hospital?
|