IC versus employee
Posted By: oh me! on 2009-01-04
In Reply to: :) - EmmaMT
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.
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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
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.
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!
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 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.
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.
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?
They hire both IC and employee. I am an employee (see message)
and I have full benefits. I am very happy that I came to work here. I came as a statutory employee from a large company. Everyone at MDI has been great to me.
Depends on if you are employee or statutory employee (sm)
Employee, 8th and 23rd of month
Stat. Employee, 15th and 30th month
Diskriter - Anyone go from their employee to hospital employee with them?
Thinking about giving up on being their employee and applying for a hospital employee position through them, they have one in PA right now that looks good. How is it for scheduling? Do you keep your line rate or get whatever the hospital pays? Who manages those accounts, is it the same PM and DR that are on the other ones? I have DR and feel like she doesn't have a clue what she is doing and it is so annoying, but I just don't have the guts to let the company know she needs to step it up a notch because the transcriptionists are not happy under her. Are QA the same people or through the hospital. They have 1 QA that is constantly asking us questions on doctors and format, things we should be asking that QA person. Annoying that new people move up to QA but people who've been there 2 or 3 years get treated like dirt and jumped account to account.
MQ versus others
Neither do I......
SE versus IC
I thought they were the same, so I guess I am the one with the missing brain cell!
IC versus SE
I know the SS differences between the 2 but can anyone tell me is there any real advantage of being an SE versus an IC? Why did MQ do away with SE? Do you think this will be growing trend with companies?
RN versus MT
Take the R.N. course. I wish I had taken it at an earlier age. You will have a job that you can depend on with good salary. Don't make the same mistake I made.
Good luck.
RN versus MT
So true!!!
SE versus IC - sm
If you got 8 cents as an SE, what do you think this would calculate to in line rate as an IC - 9 cents? By this, I mean SE helps with your taxes but by how much would you estimate? Anyone know?
QA versus MT?
I was just offered a QA position. If I accept the position, it will be my first QA job. According to my calculations, I would only make about a dollar more an hour on average by staying a production MT than I would as QA with this particular company, who pays their QA staff by the hour. I am wondering, is being offered QA anything like a promotion in the industry, or is it more of a lateral move/matter of preference? Would love to hear opinions on pros and cons of QA Thanks!
BS versus DQS
I have used them both and produce about 150 more lph on Bayscribe.
MDI versus MDI-MD
Would appreciate clarification - Are these the same company, the one located in Gaithersburg, Maryland? Thanks in advance.
MDI versus MDI-MD
Thank you for your response. Do you happen to know if the one in Maryland is the one that people generally refer to as a good company to work for and one that and does not send work out of the US?
Only employee and statutory employee..no IC
nm
MQ versus Webmedx
Been and done MQ...now at Webmedx and enjoying my job again. Nice to feel valued.
SE versus IC. I know there is s simple
but I'm a math retard. If an SE made 10 cpl and an IC also made 10 cpl, and everything else were equal, then the SE is actually making more because half of the 15% social security tax is paid by the employer. So the SE makes 7.5% more than the IC, correct?
Now here's where I'm a math retard. If you take that 7.5% into account, what is the SE's *real* line rate? Sure, it's still cpl but when you figure the employer is paying 7.5% of the taxes then does that make the line rate actually more like 10.75 cpl? Or am I off on my math?
MT VERSUS MTSO
I have to agree with you that job hopping can look unprofessional. I have a bit of dilemma though: I am on my second job and either I stay and continue to be unhappy or risk a third try that may put me in a similar/worse situation. Here's the kicker though - My problem is not the company...it is my coworkers. I am discouraged by a lot of my fellow MTs' work ethic and the every-man-for-himself attitude. I don't mind sharing my normals with everyone. If it means they are more productive, helps them get more lines in and our account is in turn, why wouldn't I want to share? We have all been new to an account...why not be helpful and supportive? Here is the resume I would love to send out:
MT with 3 years experience in acute care; ESLs not a problem; reliable, will work the schedule YOU need, will be on time and stay for entire shift(imagine that); no children to bring to doctor/football practice/exhusbands house/school play; actually does research, has an extensive library of research books, and does not just toss a job to Quality dept for them to finish; NEVER cherrypicks or skips jobs; will not poach, working outside my schedule trying to get extra lines to pay for Xmas/kids braces/second mortgage, taking work from others; does not mind working over/extra when needed; does not have a endless stream of mysterious health problems - in fact, has only called in sick once in 3 years; recognizes the Quality department's value and that they are an essential part of the job I do; does not whine about hard dictators/OPS/ESLs/short reports/long reports; have taken Anatomy and Physiology courses in addition to initial training and still taking continuing education courses; sitting for CMT next month; helpful and supportive of my TEAM (for those of you who do not know, that is my coworkers and my employer); does not have constant, vague-sounding internet/phone/electricity problems that prevent me from working.
Here's a thought (not for the original poster, but for those the shoe fits) - how about thinking about what you have to offer a company instead of what you can get out of them? What do you bring to the table? Selfishness? Laziness? A baby hanging off of your hip, a slew of pathetic excuses, and a victim's attitude? No wonder you are not happy anywhere...you get what you give.
I will not send out that resume, obviously. Why? Because those types of MTs are everywhere. I cannot hope to find a place where none of that exists, not with the pool MTSOs have to pull from. Plus, it is not professional. The reason I did it here was to illustrate a point. People do not always job hop with the hope of improving their situation, many do it for bonuses or to find a place where they get the most and can do the least.
Want change? The responsibility for change and growth within this industry lies with the individual MTs.
Holidays versus PTO
I think it all depends on the amount of PTO that you accrue per pay period. Some companies allow you to accrue more, but then you are expected to use your PTO for holidays. Some may pay for holidays separately, but then you don't accrue as much PTO; it basically all balances out in the end.
VR versus straight
Oh, I get pain 4cpl for VR.
VR versus typing
Do you make more money with straight typing or VR? Just a poll. I do both and seem to make more straight typing. You would think VR would be quicker.
VR versus typing
I make WAYYYYYYYY more money typing that VR. There is no question about that at all. On one particular account that I do I can type almost as fast as he speaks so that is a great moneymaker, but even on my fast talking doctors there is no comparison to doing them in VR.
SPI versus MedQuist
I tested with SPI yesterday -- no word yet on the results, but keeping fingers crossed very tightly! Anyway, got an E-mail from Medquist today but I see I lot of MTs complaining about running out of work and a high ESL range of doctors. Is MedQuist a place I should avoid? I haven't tested or applied yet -- just looking to get out of where I am working now. Not enough lines and just generally unhappy there. Thanks for all of your input! Was offered a job with DocuMed -- called to accept and was asked to type a few more files only to never hear from that company again. I guess I did some free work as I heard that I was not alone.
MQ versus Webmedx
Can anyone compare the hourly line rates between MQ and Webmedx for me? I'm usually around 250 and 300 per hour at MQ but want to find a company with a better reputation. Just want to know an average of what anyone can type at Wedmedx per hour.
OSi versus DeVenture
Hi. There used to be a lot of negative posts on here about OSi. What are you guys' current opinion on it?
Here's what I'm really contemplating: contacting DeVenture, who had offered me a job at around the same time that OSi did. Here's why: I got put in a program that would advance me to acute care kind of transcription. It did, but now I have to type for about 10 hospitals, thus I never can get good--or a good line count--at any ONE hospital's transcription. So--my cents-per-line rate in theory has gone up but there's no way I can make the kind of line counts I made when I was just doing clinic transcription.
Theoretically, I have a primary account, but there is never enough work on it. That's why I get work from 9 other difficult accounts instead.
Anyone else having this type experience?
Thanks a lot-
CC
MQ versus Webmedx
Anybody left MQ for Webmedx? Just curious about how they treat MTs as compared to the Q. I was also told they do not offshore - can anybody clarify?
MD-IT versus Amphio
Has anybody got any feedback on MD-IT. I am considering an offer from them and also from Amphion. I've heard some not so positive things about Amphion and was wondering if anybody knew anything about MD-IT....
OSI versus Axolotl
Made the change and can't believe the difference. I knew there had to be a better company, couldn't have been worse, and boy am I glad I made this change!
hospital versus IC
If you are happy being an IC, stay there. I went from there to MQ and was happy for several years, but just quit MQ because of all the changes. If you stay your own boss, you obviously have much more control.
MQ versus Webmedx
I am wondering if anyone has left MQ for webmedx. Is it any better there. Another question, webmedx does not supply an Expander with their program, or am I confused. Just looking for anyone that might have switched and how they are doing with webmedx. Thanks!
US versus India
I have to agree, the qualityof the India MTs has been superior in many instances and some of the people who claim hey have 10-20 years experience must be flat out lying. I have seen lap coli in reports..in a urology report the patient is impudent, it is embarrassing to say the least.
Indian MTs versus US MTs sm
I QA'd Indian work for about a year and a half and for the particular ones I QA'd, they did not seem to grasp feedback. The same errors by the same MTs would come across again and again. Additionally, please remembers that most of the Indian MTs are sent to cream of the crop dictators and all that is left for the US MTs are all the crap. That combined with low rates, they try to do as much as they can to try to make money and pay the bills. Just my opinion; please don't flame!
MDI-MD versus Keystrokes
I just received a job offer from MDI-MD in Gaithersburg, Maryland and an offer from Keystrokes. I'm having a difficult time deciding because MDI is contractor/statutory employee, and Keystrokes is employee. Also MDI wants one weekend day and Keystrokes has a Monday to Friday position. I've heard only positive comments about MDI but conflicting comments about Keystrokes. The job profiles are so different that I don't know which to choose. I could try the MDI because they only give you five reports a day for a two-week training period (so I could keep my current position while I try MDI out). But I don't know how I could try both MDI and Keystrokes on the same computer, and then also stay with my current company (separate computer) and get my regular work done -- that's juggling three balls at once!!! Any suggestions about the way to go would be so very much appreciated.
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