all legit companies withhold for taxes but...
Posted By: Old MT on 2006-05-26
In Reply to: P.S. And, yes, I was an employee. - Ex MW
when you say I found it difficult enough just paying my regular bills with the very low rate of pay this company offered, and it was impossible for me to also put aside extra money to pay for the taxes they refused to take out That can't be true. one way or another the money comes out, either they do it before you get the check or you do it after you get the check. If you could afford it if they took it out, then your take home pay would be less. So it's absolutely equal that you could afford it by setting it aside yourself. At least you got to earn a little interest on it!
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They also do not withhold state taxes and
there is no way that is legal in my state as it is my state law that if you are employed by an employer outside the state, that employer MUST withhold state taxes. My state has been investigating them for awhile but I still don't know what happened with that, but I will ask.
Reminds me of another company who used to withhold money for our insurance premiums. Well guess what...when we needed to use our insurance, found out there was none! They too were reported (this was not MW), but all we got was our money back that we paid for the insurance. Sad huh?
These companies are pathetic and I have no respect for this industry whatsoever.
Just as ;you dont withhold plumber taxes, MTSO
x
Companies who truly understand IC and are legit won't
require that. My company says they will never require a schedule and do not direct deposit for the simple fact that those are things you do with employees, and they do not want to ever cross the line of IC/employee with their ICs. There are bound to be other companies on the same way of thinking. Sadly, I agree with another poster that said if people are willing to sign contracts and accept set hours, it will become something we can't get away from. ICs stand up for yourselves and point out the law to the interviewer so this does not happen!
I know about the tax breaks, but what about taxes for overseas, .... I know companies don't pay t
I know companies don't pay taxes for them. So, is it also an advantage to overseas jobs for companies not to have to pay insurance, taxes, social security? Do you know how many American jobs are overseas with not one of them paying Social Security? I am also not for illegal immigrants per se but my heart goes out to people in a strange land who can't find anything but menial work trying to get out of a desperate situation in Mexico (it must be desperate to go to the extremes to get over here), and of course can't get a Social Security card, driver's license. Surely it is humanitarian to care for these people.
The thing is, even voting for the one who says they will stop it (and it is not Hillary Clinton, she has even gone overseas to promote jobs to countries), the businesses have the money for lobbying and big business is not going to go down without a HUGE fight.
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
Can withhold 50% of pay
Read contract carefully - states they can withhold 50% of earnings in several different scenarios. When I asked for specifics, communication ended.
The amount of tax you withhold should
be what tax bracket you are in. If you are in the 15% bracket only hold back 15%.
There are pros and cons on both sides. You just have to find the fit that works for you.
Withhold 10% of salary for 401(k).... sm
and never deposit those funds in employee's retirement account. Repeatedly hang up on employee who is demanding Show me the money! Wait for Labor Dept. to hold feet to fire, dragging resolution out as long as possible.
It is not legal to withhold pay for
not giving 2 weeks notice.
Yes, they are legit
I work for them. They pay on time and are very easy to work with. Good luck!! God bless!
Julia
Legit?
I assure you Allegiant Transcripton Services is a legit company.
Yes, it is legit
Career Step is a legit program and they are partnered with Spheris for them to hire their grads upon graduation. Starting pay is around 6.5 cents per line which is in the range of what other newbies start out making in employee status.
I attended Career Step, took the Spheris Training Track and went to work for Spheris. I am also an affiliate member who does receive a small token of a referral fee, however, I am not here to give rave reviews or try to twist your arm one way or the other. I would recommend that you attend a course that is approved by the AAMT/AHDI though.
If you have specific questions, feel free to email me!
they are legit and pay on time...
You didn't ask anything else. Email me if you have more specific questions.
d~
Company legit
Has anyone ever heard of the company Anita Niles-Lee & Associates? They offered me a job and I want to make sure they are legit before I quite my cuurent job. Please help.
RE: Company legit
I guess you have been to their website and read there? What I read is they have been in business for over 12 years. Sounds legitimate to me.
http://www.nilesleeassociates.com/
Legit Company
Has anyone heard of Mountain west.
is this legal/legit?
I love the company I work for. I love the people, love the work. Only one complaint: They deduct $12.50 out of each paycheck for a total of $25. each month for rental of their software. They said they were told they had to do that if we were IC's. We use our own computers, or rent theirs, so why should we pay to use a version of Word? I have never had anyone else do this in 15 years. Also, they want to charge a fee to do direct deposit. I've never seen that charged for either. Is this Kosher or should I say something? If so, what?
I worked for them. They are legit - sm
That is only a front name so they can't be found. Very secretive owner. No one can know the other MTs. However, pay was truly that (actually it should be 11 cents as that was what most were). Depends what work types you do. Can plow through some stuff and make great money. Other work types suck - some really bad foreigners there.
They are definitely legit. I was offered
position with them but could just not work the hours they needed. I regretfully turned down. Great owner and great MTs work there.
Words R Us out of Illinois ? Is this legit?
To ADMINISTRATOR: Is this a legit company?
I hope that this isn't someone's idea of a joke as I have already sent my resume. I find absolutely nothing on the internet regarding a company with this name. The ads indicate that they have several accounts already...why can't I find anything on this company?
I can tell the OP had legit info, but my issue /sm
is this. If someone is employed by Webmedx, goes through training and does not hit the 98%, I'm sure they are let go, BUT they are also paid for the work they did while in training. They have to be paid, it's the law.
If you get work from WMX you have to return the work typed, correct? If a trainee typed it, you wouldn't return the work without someone from your company looking it over to score it, I assume any errors are corrected also.
If you return a completed report to WMX, they have to pay you, correct? If the trainee who typed that report is let go, you are keeping 100% of the money paid to you for that report and the MT who typed it is not paid a cent? I am trying to work this out in my head and this is the conclusion I have come to. If it is correct, there is something very wrong with this arrangement. You may not have to pay someone by law, but morally that wouldn't sit right with me at all.
Horrible company, they are legit though.
There is a reason they are always hiring. Lots in the archives.
legit work at home jobs
Go To: http://www.telcoa.org/id156.htm
i have worked for west.com - made $12 - $14 per hour, paid every 2 weeks
hope this will help
Since when does any legit company call us "transcribers"?
That throws up a red flag for me. Legitimate US-based companies would never say they are looking for transcribers.
Excalibur is legit and they are now hiring again for new projects!
I been working with Excalibur for the past 9 months!
I currently do transcription and document coding with them FT and i love the variety of jobs they post each week in their remote job bank registry.
Thanks
Summer
WAH MOMMY!
Anyone heard of Career Step program?..cost?..legit?
I checked out the Spheris website and I don't have enough experience to apply...but they directed me to Career Step kind of as a prerequisite to get your foot in the door for employment....there's gotta be a some kind of cost, but I didn't stick around to find out....link, after link, after link..yada yada...anyone have any comments on this setup?
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.
withholding taxes? sm
I am fairly new to the IC status. Approximately what percentage should I be putting away for taxes (federal, state and local). I know it varies, but just a baseline amount please if anybody can help me out? I would like to start this with the new year. Where do you put the money, your regular savings account or open a separate account? TIA.
K
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
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