You don't have to pay quarterly though, you can pay
Posted By: mtmt on 2008-06-09
In Reply to: and give employee status - Crazy4MT
yearly, that's all I ever did as an IC anyway. I guess if you do it yearly you have to cough up more at one time.
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
Quarterly bonuses
Are the quarterly bonuses still being offered for SE's and what about the SE's who have been here for years??
SE's still get quarterly bonuses
I still get quarterly bonuses as an SE..I also have gotten extra for tier work. I dont know what that is all about, I havent asked (dont like dealing with the office much)..What I think, however, is as a part timer, if I do more than 6,000 lines/pay period, I guess I move to a higher tier. I got approximately $30.00 extra a few pay checks ago. It was listed on my pay stub.
Quarterly taxes
I think you just have to make up the difference come tax time. When I called H&R Block, they said the easiest way is to estimate your income and make 25% quarterly payments. So, that is what I will do. Your tax preparer can provide you with a quarterly schedule with dates and amounts, as well as remittance slips and addressed envelopes to make your payments.
HTH - K
I have never paid quarterly
Just pay on April 15th
Quarterly taxes are not always
an option. Sometimes they are a requirement. You should check with an accountant, but I had a personal experience during my early years of statutory employment status with MQ whereby I did not pay estimated quarterly taxes. Because of some legality, I ended up paying a penalty because according to the IRS I should have been able to predict that my estimated taxes were going to be more than the previous year and therefore I should have paid them ahead.
Again, check with your accountant on that, but I would strongly advise estimated quarterly tax payments.
Quarterly works best.
Take a look at what you paid last year per month, double it and total that and then divide that into 4 quarters and send it to the IRS so that you will have tax credits for your IC status at the end of the year. Call any accounting firm or look on the IRS website for the form. Estimated quartery payments. If not you will owe a boatload at the end of the year. Worst that happens is you get money back!
I understand that, we put in 40 percent quarterly and still had to pay
We dont end up paying for state or federal when we do it and I am an employee.. EVEN putting in 40% quarterly as an IC and taking out the deductions, we still owe.
I am saying - it doesnt work out well for *us*.
Are you paying quarterly taxes? nm
xx
If you're self-employed and don't pay quarterly,
xx
Would recommend paying quarterly, if
you owe too much at the end of the year there can be penalities. When I was just an IC, I set back about 25% of each check to handle my taxes. Now I work FT as an employee and have an IC and just have extra taxes withheld, so do not pay quarterly.
nice quarterly bonus makes up a lot
with Alltype. What you get offered for pay is how well you did on the test and what shift you plan to work.
quarterly bonus from company pool?
Anyone here work for a company that offers a quarterly bonus that comes from a pool set aside by the company and the transcribers who qualify for the bonus, split it at the end of the quarter? Just wondering, if any, are you bonus checks worth the hassle? Are they decent checks? Thanks for all replies.
How do the Proscript quarterly bonuses work? nm
xxx
|
