NO, you are wrong. They deduct half of the 15%

• Statuatory employee versus regular employee.... - Confused...
  • As an SE the company pays your taxes, but - from what I understand
    • The company takes the money out of your salary, before they cut the check. It is your earned money, - they just deduct it and send it in for you. nm
      • Of course it is coming from your check, just like an - yea
      • NO, you are wrong. They deduct half of the 15% - social security tax and they pay

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I was just offered a job by a company as an IC. I almost took the job until I read in the contract that you will have pay deducted if you accuracy drops below 98%.  I am still new to this profession and was a bit nervous to take the job as an IC. I was just curious if this is a standard practice for companies to do this? I thought maybe that was why I got the job offer because they know I am still new and if I did mess up then they wouldn't have to pay. But, maybe I am just paranoid?

Thanks,

The company I worked for did not deduct for punctuation.  I believe in the AHDI guidelines there is no deduction for punctuation, unless of course it changes the meaning of a statement or something like that.  Alot of the commas are open to interpretation, but some QA people are really picky about the hyphens.

The companies do get paid by the lines, so if your accuracy is 98% they should not care that your line count has increased significantly.  I would say take note of what it is they are complaining about, and keep up the good work.  As far as running out of work, I would wait and see how often that happens.  Could it be another case of offshoring what is out of TAT?

go to taxes, but 30% is a good percentage to work with at this time, but that is likely to change with a Democratic president.  Not trying to make a political statement here, just state facts.  As an IC, you will have deductions you can take, home office expenses, a percentage of your utilities based upon the square footage of your home office, any expense that has to do with your business, DSL, extra phone lines, etc. 

This job is going to the dogs.  If you read the ads on the boards, most of the big nationals are nothing more than sweat shops these days, trying to get blood out of a turnip, and paying less and less and giving nothing in return.  Oh, they say they offer benefits, but you can't afford them.  Not to say that they can make it more affordable in these economic times, but the fact remains that they are in business to make a buck, and they are making their big bucks on the backs of transcriptionists.  They expect sacrifice, but it is YOUR sacrifice they want, not theirs.  That is evidenced by the fact that you, the MT, will work on the weekends, you will neglect your family, you will have no life, and they don't give a rat's patootie.  I remember when we didn't work weekends or holidays.  Don't give me this 24/7, 365.  THEY, the muckety mucks DON'T work weekends.  When they negotiate contracts, they sell your soul to provide 24-hour coverage, but their big asses are at home on the weekends. 

I am an IC because I cannot stomach working for a national that wants my blood, my children's blood, and my life sitting and waiting to hopefully grab a job and if I don't have work today to stay up 24 hours so I can make line count to keep my benefits!  Benefits????  What benefit is there for me and my family working for these companies if I never see my family, never have the time to take a leisurly day to do the things that normal families do, going to a ball game, a movie, having their friends over for a cookout, going to church together, sitting and watching a DVD together? 

I am afraid we have allowed this to happen to this profession.  We bowed to their demands of Tue. thru Sat. or Sun. thru Fri.   We accept poverty-level wages.  We say it is okay that our benefits are based on our production, but when we don't have work, we don't scream and yell when they take away our benefits. 

You know, unions were created because of just such conditions.  These companies are taking advantage of us, and if you don't think so, just look at the demands being made if you apply and are one of the chosen ones. 

Lord help us all.  When the economy really tanks (quite soon, I'm afraid), you'll see them drop like flies, all of them, to 3rd world countries.  You think they care about the American MT?  Heck no.  They only care about themselves. 

Ok, about a month ago, I posted about a service who would not answer emails, phone calls, about paying me what was owed.  She paid me less than half of what she owed, and now I have waited patiently to get the balance and once again she will not answer emails or phone calls.  She is blatantly ignoring me. I emailed her and asked her WHEN she plans to pay me.  She has in her contract that she pays twice a month when the docs pay her. Well, this is going into the 3rd month now.  I have gotten that ONE check which was less than half what she owes.  I no longer work for her, as she locked me out of her system when I kept emailing her.  (GO FIGURE!), who would want to work and not get paid anyway!

I have tried to work with her and give her the benefit of the doubt, but at this point, I think that I am going to have to take other measures. 

of my salary accompanied by the e-mail saying how I would be getting 3 times my lines with this wonderful VR system.  I'm not overly concerned because it is my part-time job.  I barely make any money with them anyway, so I will take the opportunity to learn it and just see how it goes I suppose.  It's ridiculous though.