8 cpl IC versus employee
Posted By: Tracy on 2006-03-06
In Reply to: Do you want to make your own schedule, - or have it made for you?
No I mean money wise what is the difference once you take out the taxes. 8 cpl as an IC is less money than 8 cpl as an employee when the employee pays half your social security
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IC versus employee
 I have been an IC/MTSO both married and divorced for the past 15 years. I feel that I bring home "more" of a dollar than if I were making the same amount as an employee. I do have quite a few write offs as I do have a real "office" in the home, I take my depreciation on the house as I feel when and if I sell prior to dying, will deal with it then. I do deliver and pick up so have mileage. I save for my vacations and time off. I have the flexibility to take time off during the day if needed --work at night true but I CHOSE it not someone else. When married I just had my husband over withhold a little more and did not need to worry about the "tax bite" on April 15th. I planned and planned so I knew what he had to over withold. But again, when I make over $50K and end up paying SS on only $15K or so, it is well worth it to me. I did take a small "in-clinic" employee status this year to get out of the house as with no hubby - thank the Lord, and no kids it gets me out and I take out more of my taxes that way. But when I did not do that, I just took 5 to 10% out of each check and put it in a special account and it was more than enough to cover my taxes. Truly look at your paychecks as "employees" and see what you really bring home but everyone thinks that because your "employer" pays those taxes FOR you, you are not really paying them. So you just have to do the same. And you have to add the two salaries together even as an employee so that also hurts. But again, I feel being self employed or IC is the only way to go. Even when on vacation I stop in a local transcription company or a couple of clinics or hospital and talk to them about providing services so I can count part of it as a write off. Also look for seminars in cities you want to visit. I go to Vegas every year for the "electronic show" to see what is new for my company. Again, if you look carefully at deductions and plan, plan, plan it is better - at least to me - financially to be an IC. Patti -- e-mail me if you wish
IC versus employee...
Am thinking about going from employee to IC - what is involved with being an IC? Taxes, etc...would appreciate any advice from IC's. TIA
IC versus employee
I was following you until you said "my regular scheduled hours". Um, if you are IC, you shouldn't have scheduled hours, only a set amount of production within a specified time period (say 2000 lines in 24 hours). I'd say you are already crossing that IRS rule of who has control without even considering the OT issue.
But, to answer your question, they can ask for help and you can say yes or no, but you are not under any obligation to do it. As the other poster did point out, preference might be given to someone else at a later time, but IMHO, not working "every weekend" is acceptable. You can give yourself permission to take some time off. No, they do not have to pay you overtime, but you could ask for incentive pay for the work you provide on days you are not already comitted to (they will probably tell you no).
IC versus Employee
I am trying to figure out if going from employee status to IC is worth it. Anyone have any opinions?
ic versus employee
Hate to burst your bubble to but you are better off with your own accounts. Most of the nationals out there want strict hours and a requirement of how many lines you are going to do. Some do pay a little extra for holidays and weekends but not always and most you will get stuck working on weekends as well.
ic versus employee
True definition straight from IRS is that they can make you commit to so many lines a day between so and so hours but if they say you have to do this many lines between this and this time than employee.
IC versus employee
Employee is definitely the way to go. I too was new a year ago and found a company paying .12 a line, .13 for nights. Taxes hit me really hard this year. I have to paid time off, no 401K, no sick days, no insurance. I would rather work for .10 a line and have benefits. No one should work for less than .10. I you ask me, experience transcriptionists should be making .15 a line.
I worked in Radiology and quit a job making almost $16.00/hr with six weeks paid time off after 29 years.
Now I make less, have no time off, no benefits and work harder with more hours as an IC and they don't offer employee status.
IC versus Employee??
Hey everyone. I just finished school and am doing the job search thing. Great fun right. javascript:editor_insertHTML('text',' ')
Anyhow, I know that I have a better shot of getting hired if I work IC but I don't know exactly what that would mean for me? Anybody have current info. on how it all works?
Thanks =0)
IC versus employee
I have to agree...it's very concerning how companies try to save $$ by hiring you as IC and not as an employee, yet try to exert much control over when and how you work. I don't think transcriptionists are aware enough of what/how much control a company can technically exert before they are really treating you like an employee and should be paying you as such. The IRS website discusses "behavioral control" and I would be willing that many transcription companies exert much behavioral control over the ICs, which would technically classify them as employees.
IC versus Employee status?
 I am just curious which you prefer, and why? I have never been an IC before and have just accepted an IC position and am a little nervous about it. I like some aspects of it, but some things have me a little concerned. I would just like to get a feel for what you think.
taxes ic versus employee
Don't really understand the $$ difference between being an IC and employee when it comes to taxes. If as an IC you get a check of $1000---and and as an employee your gross wage is $1000--what is the difference in the amount of taxes you pay as an IC versus as an employee? I have gotten the impression you pay a lot more as an IC...is this true? Can someone give me an idea of what the percentage or dollar amounts would be? thanks:)
Statutory versus employee
Are there any advantages to being statutory versus an employee? Anyone out there working statutory who can help? Thanks!
Please respone IC versus Employee Status
Can the person who posted the site www.EFTPS.gov please reply to this...
My husband and I are "discussing" the ad/disadv between the two. I know you said IC all the way. Can you please tell me why IC is better? I would be gratefully honored! 
THANK YOU!!
IC versus employee, accounts, transcription type, platform,
nm
How are hiring companies getting away with trend towards IC versus employee status SM
after the lawsuit that determined that IC was indeed an employee because she was told when to work, what days of the week. The company got into trouble with employment laws because of this a few years back, yet I see most of the job postings on this and other sites are mostly IC.
65 character line versus gross lines versus pay by word
I am checking into other options for transcription. Can anyone tell me how to compare all of these types of lines & also payment per word? I know companies use different scales, so I wondered how they compare. I have been paid on a 65 character line with spaces, but I may be making a change in the future - don't want to get burned.
Thank you in advance!
Excuse me but federal taxes are paid as employee by employee
The ONLY difference in IC is you pay the ENTIRE amount of the SS which is the 15.25%, as an employee you only pay 7.75%. And you can easily make up that difference in deductions. As an employee you just have someone else manage your withholdings and as an IC you do it yourself. I have much more usable income being an IC and not an employee and I am strict about putting aside what I need to. But everyone always says you have to pay your own taxes, well your employer does not PAY them for you -- except 7.75% of SS, they merely withhold it for you. As an IC you are the employer.
Question versus gross lines versus 65-character lines....
I have always charged or been paid by 65 or 60 character lines or per letter or space typed, but have never been paid or charged per gross line.
What is the advantage of this? If I were to charge 11 cents per 65-character line including spaces, what does this figure out to for an average line rate and how do you do this calculation?
I'm wondering if it is financially beneficial for me to bill by gross line or to keep it the way I have it. I do know some accounts will only pay per 65-character line, as this was the deal my first own account I recently acquired. They were adamant on a 65-character line, but didn't specify with or without spaces and I personally would never not charge for spaces.
Thanks for explaining this. I appreciate it and hope everyone has a speedy day.
You an IC, statutory employee or employee?
That designation, and/or forcing the IRS to designate you, can make a diff. Are you a corporation? Partnership? You need WAY more help than we can give you.
If you are employee, unless suit against your employee
otherwise the posts on here as far as I can see telling it like it is. I think a lot of the posts are so young they just don’t have a clue as to what it means to be an employee. You do as your employee wants (I am talking reason now, not stupidity as far as sexual advances, etc) or else you find another company that fits your personality better. You do not confront, you do not tell your employee no, that is their job, not yours. This is such a simple thing for people who have been in the work force for any period of time.
PPD versus ppd
Ok - maybe I am having a brain fart - the dictation says the guy smokes 1 "ppd" (pack per day) should i do ppd or PPD?? It is verbatim.
HELP!
x versus X
I need to know if it should be x or X. IE 8 mm X 7 mm.
CMA versus CNA
Medical Assistants ARE allowed to give medications and injections, and have been taught properly by their MA schooling how to do this. CNA is all patient care, changing beds, changing clothes, bathing, taking vitals (maybe), but no giving of medications. They were not schooled in this and legally should not be doing it...and that is probably universal through all states. That was what I was taught when taking my MA courses. LPNs can, FNPs can, RNs can, PAs can, but not CNAs. Totally different area of care.
RMT versus CMT - sm
The RMT (Registered Medical Transcriptionist) credential that is for those MTs who have just recently graduated or have been working but do not have the required 2 years of acute care experience to write the CMT (Certified Medical Transcriptionst) exam.
You can find information about the CMT and RMT exams and credentials at http://www.aamt.org/scriptcontent/creddesig.cfm.
RE: cc versus ml
We were told cc was on the "Do not use" list, according to
Joint Commission for a couple of years now.
CVA versus CVA
One is an infarct in the heart, the other is an infract in the brain, but I agree with other posts. Many times it will be dictated in the body of the report and you can determine the exact differentiation between the two. However, if you absolutely cannot do this, you cannot guess in a diagnosis and have to simply leave it as CVA, or possibly defer it to QA, in which they probably cannot determine it any more than you can, and they would probably leave it as CVA.
MT versus MLS
How about the MTSO Company who now refers to their MTs as Medical Language Specialists. Does anybody believe they get more money for being an MLS instead of just a plain ole MT?
MT versus becoming RN
Hi all.
I did a search in my area to look at RN salaries. I know working from home I can make $52,000 with some effort. The having to pay my own taxes is offset by not having to drive to/from work. Just curious of any of you have decided to go to school to be an R.N. My husband thinks it would be a good idea, but since I have been at home for over 10 years, it would take some convincing! |
|
|
|
Base Salary |
$59,036 |
70.4% |
|
Bonuses |
$150 |
0.2% |
|
Social Security |
$4,528 |
5.4% |
|
401k / 403b |
$3,670 |
4.4% |
|
Disability |
$947 |
1.1% |
|
Healthcare |
$5,328 |
6.4% |
|
Pension |
$2,486 |
3.0% |
|
Time Off |
$7,740 |
9.2% |
|
Total |
$83,883 |
100% |
Well, I'm not sure that you really want an answer of HOW to do it versus
just defending yourself, which is fine, by the way. Well, if you want an opinion on your situation, you see the problem yourself. You admit that you didn't discipline them and let them always have their way, which you feel is responsible for today's behavioral problems. Chances are they would have the same problems were they not with you 24/7 cause its your parenting skills that are at issue. Know what I mean? No, being an MT at home and raising your kids is NOT equivalent to what you, yourself, admit you did. You can't sit and type and let children run the house free will. You have to use your head and multitask, as the other poster said! Plan your days, plan activities, have a schedule for them, etc. Not trying to be mean, but that's really obvious, isn't it? You realize it now. Why not say something encouraging, like, Gee, I'm sure it can be done, but not the way I did it. I messed up. Rather, you post your negative experience which YOU caused and act like it can have no other outcome. It can. I have 3 kids, and all 3 different personalities. My oldest and first was the most demanding. I basically set up a Little Tykes playground for her in my office, and STILL she didn't want me to "type", as she grew to call it. Constant battle of wills, but guess who prevailed? Me! I'm the parent! She grew to understand that she would have her fun time AFTER my work - i.e. going to the park, movies, etc. My second child was an angel and would just sit on the floor playing with fuzz if that's all there was. My third child was a boy, and enough said there! I had no help whatsoever - unless you can include a bunch of negative relatives who mocked me rather than offer a hand in help, but it CAN BE DONE, and we were SO happy together. It is SO worth the effort - these are your children - your legacy - your LIFE. If they aren't your life, then my words are falling on deaf ears. I work around the clock - still do - typing hours here and there to have MY FAMILY as my #1 Priority. All my employers have always understood that and been more than willing to work with me. Also, I had stayed away from working for some companies that demand a set schedule because I refuse to work a set 8 hours shift with kids. Know what? Every single company said they would let me do "my own thing" on hiring, so while everyone else complains about having to work a straight 8 hour shift, I didn't have to! It can be done, even with the strictest companies! They respect where our hearts are, if its with our kids! Again, sorry for what sounds like a horrible experience for you and your kids, but you, yourself, admit it was your own fault. You are not the majority, though, again, the posters on this board are definitely anti-kids, so you've found your niche in that regard, so to speak! And, also, now that your kids have behavioral problems, severe, I believe, per YOUR words -- is the solution going to come from an outside source? From a stranger? Or from you? It doesn't sound to me like its working now. Only YOU can really fix your mistake and change your kids. As long as they're still with you, no matter how old, there is hope. But passing them off to the school system, or counsellors, or some "expert" is probably not gonna be too successful. Ground Zero is Mom, good or bad, positive or negative.
melena versus whatever
You are correct - and heaven help us all (including the patients) if that's the kind of QA you're getting on your job. Just to get more confused, check out "melanosis coli" which refers to dark pigmented lesion in the colon - NOT to bleeding or melena.
how did they come up with 40mg versus 40 mg?....
i was taught not to do it that way. i understand that every company has "their own departmental specs" or "preference" if you may, but that is a little bit to much for me.
MTs versus RHITs
From my experience with RHITs, the resentments and hostility was and is because our profession is based on production. While the RHIT has traditionally had a fixed salary, we as MTs are paid mostly by production. I cannot tell you the amount of hostility and resentment from RHITs because of this issue. Now, I'm not saying all RHITs are bad people, but whenever an RHIT can see an MT was able to make more money, well, that had to stop! The attitude from RHITs was that we were typists. No clue as to the intricate details our work demands of us. I can tell you from experience when Edix was formed, those RHITs that were the managers in the beginning could not wait to whip those transcriptionists into line! They wanted their foot on every transcriptionist's neck to show them whose boss!! Same old, same old!!
Subcontracting versus IC
At some point this becomes about who makes more/does better. Right?
cpl WITH versus cpl WITHOUT spaces
I really don't want to open a can of worms about poor pay, but I am really trying to compare these two options. I need to make a decision about which company to go with. Since I have no idea which has the better platform or better dictators I'm pretty much flying blind. The obvious difference is that one pays for spaces and one doesn't (I didn't know there were still companies that DIDN'T pay for spaces). Both are part-time IC.
Company 1 -- 7.6 cpl with spaces, no headers or footers
Company 2 -- 9 cpl with headers and footers, no spaces
Any insight would be very welcomed.
MTs versus MTSO
I don't know what MTs you hire, but I have always given 100% to my jobs. Right now I type an average of 2000 lines a day, 98% accuracy, willing to change my schedule so I can get work...........but its been the MTSO that have let me down. Right now I am struggling to get work becuase they have overhired AGAIN and this has happened with every MTSO service I have worked for. (4 to 5 in the last 4 years). Finally I am returning to a local hospital where I don't have to worry about running out of work.
By the way, I am not saying there aren't sorry MTs out there........I am just not one of them. I work my butt off, 1.) Because I like the challenge of transcription and 2.) Because of a little thing called bills, responsibility, and family. 3.) Satisfaction and the end of a long day.
Hot key versus pedal
Hot keys are the F function keys and they do the same things as the pedal. Personally, I don't like having to take my fingers off keyboard to start/stop using the hot keys. Much quicker for me to use the pedal, like driving a car, and I can regulate the dictation so that I am typing smoothly and continuously. However, when I am editing, I like the hot keys better cause I can ff and reverse quicker using them.
Pay versus quality
I understand that experience warrants more pay - however, if working means I take a lower rate, and work up to a higher rate - than I take it - it does not mean I give less of myself - Being a Transcriptionist I take pride in my work and work hard at whatever the rate. Too many jobs going over seas for a much much lower rate than 7 cents a line - if we want to get it back, and / or continue working than you do what you have to for the time being. I have companies that pay me 7.5 and clients that pay me between 7 and 14 - and thank goodness I am busy enough to make a decent living. I am not a prima dona who picks and chooses - I have a responsibility to my family to make money, and a desire to work and maintain a household.
However, I will not work for someone who does not pay at all, bounces checks or disrespects me in any way - but my quality never wans for any reason - that is my reputation on the line not any one else's.
So, yes we should make more money - but if this is what is out there, I will take it.
VR versus typing
For straight typing I get 8.5 and for VR I get 4.8 with 6 years experience. I usually produce around 170-200/hour typing and 150-200/hour VR. I loath VR.
vr versus straight
I make more money doing straight typing as well. Boy, is this an offer from TTS in NH?
Experienced versus New
I have to admit that even though I have 19+ years of experience, this article is strikingly true. I am not saying that a new MT has the experience in that they can make a decision in an instant as some of us with many years, but they are trained now to follow AAMT, which I had never heard of until I set out on my own and came online to find work. I also have seen posts on this board of people that have worked in a clinic setting for 10+ years and have no idea about what else is available to them online or how to set that up for themselves. How many times have we seen posts that someone has worked on one platform and never anything else. I don't think that article is a plug for that school. I think that article speaks for what is going on today in the MT industry. I think someone who has just finished school has been shown a lot more than what we all have had to learn on the job. I could probably type faster and know more about terminology than any new MT, but a new MT should know BOS and be more computer savvy than I was starting out.
Whatever the word you used versus
what it is supposed to be, apparently it was wrong. Since you will not tell us the word, we have no way of knowing. Maybe the QA person misspoke by telling you not to guess, as they would have no way of knowing, but--did you use the wrong word or not????
11 o'clock versus 11:00
Hi Aud,
It is an AAMT standard that if something that indicates a position, for e.g., speculum was placed at 10 o'clock position or a lump was found at 7 o'clock position of the breast.
If doctor indicates the time
transcribe it as 10 a.m. or 11 a.m. and 10:15 a.m. and 12:30 p.m.
whomever versus whoever?
Whomever: You are him.
Whoever: You are he.
Do you get it now? Texas? That explains it.
PS - check out the VR versus transcription
...a physician's study, on the right under in the news...
Still think we have a future?
line versus report sm
There is just no way of knowing until you're there. It's crazy. I used to work for a company that paid by report, but they were all MRIs and specials. Then I worked at Spheris for a few months being paid by the line and could never get my line count because #1 the platform sucked (copy and paste.. it took longer to save a report than to type it) and #2 I was getting a lot of short reports. A lot of companies pay by the line on certain accounts and by the report for others. So you just have to try it. If it's not working out for you after a month or so, it's time to look elsewhere.
numbers versus numerals
Grade is always NUMBERS, Stage is always NUMERALS
Hope that helps some :) (good English, I know)
grade versus stage
grades are regular numbers, 1, 2, 3, etc. Stages are I, II, III. It's easy to remember this way - The Romans are on the Stage.
Nationals versus locals
I'm not sure if you mentioned how long you worked for MQ, but working for a national is not the same as working for a local company.
Your MQ supervisor might not have even remembered that you had a health problem... maybe she did, I don't know, but when working for a national, you cannot expect that one-on-one treatment. It's just not going to happen. I never elaborate on personal circumstances about why I have to take off. I just send an email saying I can't work for X amount of days because of an unexpected crisis or circumstance and if they need to know more, they can contact me.
The same goes with being routed work types with at which you excell. When you work for a national, 95% of the time you are expected to be able to do all work types. I wonder how many MTs like the same work types as you. Not only that, it would be quite time-consuming to document hundreds of MTs areas of expertise and then assign them only those work types.
I'm just crossing my fingers that MTs who are "friends" with supervisors aren't routed work types I prefer to do as well.
I hope I'm not being harsh, but the reality is that when you work for a national, you can't expect to be treated like an "individual."
I'm not saying that this is always the way it is, but to expect anything else is just unrealistic. As posters said below, your real family and friends are the ones you need to rely on for support and compassion.
etrans versus etranz
Are there 2 that sound alike? I work for etrans and they have never bounced anything.
disk versus disc
I used to type for a neurosurgeon who requested that I put "disc". So there! Either way is correct.
MELANOTIC VERSUS MELENIC
So, I guess if it is dictated melanotic stools...we should correct the doctor???
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