I'm repeating what my accountant told me. Go argue w/him I guess.
Posted By: chrissy on 2008-02-24
In Reply to: No, it's not. Poster says nothing about deduct. - and her tax estimates are WAY off. nm
He said find out what you need to make and then multiply that x 3.
I paid at least 30% tax last year, or more. even with my piddly deductions.
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Guess who told me that?......
my husband!!!
Oh geeezzz!! never spoke to him for one month!!!
Geez, I guess I should consider myself told off.
The truth hurts and I believe in stating it plainly. MTs need to stop giving their hard earned money to that association. I'm going to say that at every opportunity.
The only way we can effect change in our profession is if we ALL wise up first.
Whole point...Told you have the job...Call back, oh sorry, I guess not
You just don't tell someone they have the job, then call back and say, oh I didn't check your test, you didn't do good enough for the job. Sorry.
Someone told me that basically it mean without spaces so I guess that makes sense if your only count
If the doc is repeating something
the patient said, then yes I type it. If the doc is cussing about someone, and I had one that did all the time, I pended it for administration.
You are repeating hearsay you know don't you. You actually know
a little bit less than Mrs. Twitty and are going off halfcocked like her. Why would this man be publicly shamed on what you heard someone else on TV said they heard? Don't you know the man was released for NO EVIDENCE. He was brought in for questioning, that's all. Really, you sound as hysterical as Mrs. Twitty in her press conference with no logic just ranting.
Yeah, that's what I said in my post. Thanks for repeating it.
Like I said, I have never done so. I just don't think it's right to publicly post anything about a consumer debt. The person who asked for my help lives on the same street.
Then maybe you will start talking about me and quit repeating the whining about MQ. nm
:)
Can't argue with that!
.
Yep, can't argue with that.
.
Not to argue, but have YOU ever been thru this?
Do you know how many times battered woman go to the police for help, only to be told that there's nothing that can be done? That no charges will be filed, because there's no proof? Or the husband gets charged with something but the DA pleads it down to Disturbing the Peace because there's no proof?
She's lived in this situation for far too long now... and unfortunately, the truth is that she just keeps getting smacked around anyway... trust me, if you've been there, you would know what I'm talking about... you take it and take it and take it and there's no end in sight... but at least this way she would know that it was the last and final time... I told you my opinion wouldn't be popular.. but the truth is, she's probably not going to leave just because any of us tell her to... but at least if she formulates a plan like I suggested, it gives her a goal to work toward, it makes it real for her, and she will probably follow thru... otherwise, it's just too easy to stay in the cycle of abuse and forgiveness... trust me on that one... you sit there and think to yourself that you're going to leave because you know you have to... but then you just never do... because no matter how rough it is, at least it's familiar... and getting out really takes a lot of courage to break the cycle.... at least if she has a plan, then she has a goal and a set date to have it be over... with no more excuses or saying "well maybe he'll change" or giving it one last chance... at the end of the month, his chances are over...
we argue all the time
My husband says I don't spend enough time with my family even though I stay home during the day with my kids while he is at work. When he has something in the evening, I get stressed because I have to work while he is off with friends and I'm trying to take care of the kids. I get my work around 6:30 p.m. He doesn't want me to stay up all night doing it to turn around by noon. What is a girl to do?
Go ahead, argue with me on how you all think
Lets see the moral ethics flow.
Paying below poverty... minimum wage is POVERTY, yet, below that.. what a joke.
Because I'm just being me, I gotta argue ya ;)
Nuthin' personal... I'm only going on what AAMT BOS tells me to do, because I'm a tool. Page 209 of 2005 AAMT BOS, 2-cm mass, 4-cm lesion, 4-1/4-inch scar, .38-caliber pistol, et cetera.
for that matter, you could also argue what are any of us needed for...
why have people do anything.
being that I love this profession, I am just disappointed to be in it at this time of transition. if there was even hope the MT can be transitioned to stay in the field it would be great, but so far all I hear are complaints about money, we cost too much, nurses cost too much, everyone costs too much.
personally, although automation is inevitable (being the huge Isaac Asimov fan that I am) robots WILL be taking over manual labor some day, computers will think for us, and again the quote comes to mind 'how will man learn to survive his own insignificance.'
in theory, the electronic chart with chips in our brains should work perfectly; however, have you ever known your PC to work perfectly like say, when there is a storm, or computer hackers take over, or, I could go on...
the transition period is probably where the worst mistakes will happen...
I do agree with you, in theory, anway.
Not to mention, QA does not get pain to argue with MTs
The QA people have a specific job to do also. They do not get paid to exchange e mails with the MTs (imagine how much time that would waste), or to have an ongoing debate with them as mentioned in previous post. You would not want to do that much typing on your job and not get paid for it. They have a TAT to meet just like we do. Mind you, I am not taking up for you QA guys that nitpick at hyphens and punctuation at all, even though you say that's your job. I would say that in more than 30 years, I have only had 2-3 who could/would spend the time to help me become a better MT without unnecessary critism. Yes, I agree, there should be more editors like the one posting here. MTs should think outside the box here and use a decent QA person when you find one as a valuable tool at your disposal.
Do not worry the posters below - some people will argue about ANYthing!
Hope your party is a great success! :-)
I see folks churn out crap that I cannot argue for humans
x
You're just wanting to argue and point out flaws.
Go on and wonder and murmur.
LOL
I agree, too. I'm just so tired of it all, don't have the energy left to argue with 'em any
x
I was told I needed 2 phone lines, but was told I was dialing into the doctors' system. What woul
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Tax guy told me to hold 30%. After first year when got idea what I would be making, he told me
:P
Not an accountant
I am not an accountant -- you can ask a financial advisor or someone. I do have a business, business license - pay city business tax, etc. Registered name with the state. So for me I can. Also should clarify that what you can contribute does depend on what your income is after your business deductions. I cannot claim all of the 10K that I contribue because after all my deductions my income does go quite low. But I continue to contribute it to both an IRA and SEP so that I can maximize my deductions. But being an MTSO/IC does give me more usable income because I do maximize my deductions and plan for the future.
Man! Do I pay a lot for my accountant!
I've given him 22 of the best years of my life, two children, and I do most of his cooking!
But, seriously, my husband is a CPA, and yes, he uses TurboTax. He uses the professional version which has a few more bells and whistles, but that's what he's used for years, and that's what he recommends. In fact, he really wishes his "shoebox and paper bag" clients would just learn to use TurboTax. He has to do corporate returns by March 15, and those suck the life out of him. He doesn't even bother with anyone's personal returns until after March 15.
Unless you have a complicated list of investments, unusual expenses, multiple businesses, or nonprofit stuff to file, you probably would manage just nicely with TurboTax.
As for me, my return is already completed. If he doesn't do it now, he won't have time to finish it in April. I haven't done a tax return since I was 21 years old. :) Lest you feel jealous, know that he can't do a darn thing mechanical around the house, and he snores like a bear! Happy New Year, and Happy Tax Season!
I am going to be an accountant -
I will graduate in December with my associates degree and then on to a job somewhere out of transcription while I work on my 4-year and CPA.
MT to accountant?
I am looking at going into accounting (associates degree - obtaining it on-line). Does anyone have any thoughts, opinions, ideas, suggestions, anything that might be helpful or useful to help guide my decision as to whether or not to pursue it? It will cost me about $8000 over the next 2 years, but I will be able to continue to work full-time as an MT, though will be trying to juggle full-time MT, full-time school, and a 2-year-old, so it will be interesting. That's about it. Any opinions are well appreciated.
per my accountant - and being on production
being on production, you don't know what you're going to make - so it doesn't apply to us. In the beginning, I used to pay quarterly. I now pay annually and the IRS just returned $3700 in overpayment to me for this year. Yep, I just recently received a check back for overpaying my 2005 taxes!!! As long as you pay and on time, the IRS lets us do this. Been doing it this way for years now and I have no IRS problems *thank goodness*
Better get a better CPA/accountant if they don't tell you these things......or maybe different strokes for different states, but I don't think so.
I pay yearly also....per my tax accountant. sm
It doesn't matter as long as you pay - quarterly, yearly, etc.
You really need a good accountant. sm
SS# is fine. You will need to give your contractor a 1099 at the end of the year and deduct her income off of the top. That is a deduction for you from your gross.
Really, though, you need an accountant because things do tend to get a little tricky.
Good luck!
Check with accountant
Pay the money and get do a consult with an accountant so you can understand the basics and know what and what not to do. The money is well worth it. Or get an old copy of Turbo Tax for self employed to see what you can and cannot use for deductions. All of my accounts use by SSN on my 1099 which will will receive from them and in turn prepare a 1099 for your IC or subcontractors. Be sure that they meet the requirements for IC's. Go the IRS website and this will give you some information but again I cannot stress with all of those who are starting out find a good accountant and get their expertise advice. After 2 to 3 years of having my account handling my business, and our joint tax returns and advice, I am now able to do it on my own with Turbo Tax for the past 15 years but to begin with you need some expert advice. I am not knocking you but it really sounds like you do not have an understanding of even the basics of how to handle the taxes and finances of your business so you need to do some homework and get some advice. It is simple but again with his/her help you will know that what you are doing is correct and that will cause a lot less headaches in the years to come.
Patti
Yep, me too. My accountant deducts these
every year and I am a regular employee, not IC.
Thank you. My accountant has given me advice.
He said I should pay the contractors less.
Yes, the point was for me to make money.
What I'm saying is that it is tough. Not just for MTs. It is a tough business right now. There are lots of companies who can snatch my accounts easily. MTs want more money, clients want faster TAT, I have to be able to afford my equipment and business overhead (and it is SLIM, very lean) but apparently I am the one who is supposed to do without.
Everyone keeps saying to just pay less. Then MTs will quit. Then I'll be forced to send work overseas.
It's a mess.
Appreciate your reply, though.
I'd get a new accountant. I work FT as an
employee, have since day one and I can itemize and claim everything but the self-employment taxes.
Get an accountant...even H&R block will do.
I made the mistake of doing the taxes myself one year (TurboTax)and ended up getting audited for that year 2 years later. Luckily it only cost me $1200 but I'm sure it could have been much worse. I just go to H&R Block. At least if I get audited again, they'll handle all the work AND pay my fine if it's something they messed up on.
become an accountant or personal trainer
Although I dont make under 10$ an hour as an MT, try working more as my supervisors and managers have told me in the past when I have asked for a raise. In all seriousness, where do you work that you make that little? Are you paid by the line and how much? Switch companies, do not accept less than 8 cpl. I saw an ad for MDI and they start you at 8.5 cpl. IC's usually make 9+, if you do not need the insurance coverage.
Hmm. Every doc, nurse, attorney, accountant
I know is making WAY good money and none are working at McD's!!! LOL
I dunno know - leave it up to my accountant. That is what I pay him for. nm
x
If you had an accountant do your taxes, contact him or her. nm
x
See an accountant. I'm sure you saved your old income tax
zz
get an accountant -- you can take off their fee as a tax deduction and to me, it's worth it to ma
sure my taxes go in quarterly and correctly so that I don't get slammed at the end of the year!
Taxes regarding self-employed = getting an accountant
Get yourself one, and he'll explain everything you need to know.
I wouldn't file w/o an accountant. sm
I know some use Turbo Tax and the like with success, but I like the security of having an accountant tell me what I can and cannot deduct based on my personal situation and facts. You can find private CPAs that don't charge an arm and a leg and the amount is also tax deductible. Our CPA does our taxes and answers questions throughout the year for a very nominal flat annual fee. Well worth it, especially if you ever get audited.
Don't forget the accountant's/bookkeeping
Legal fees, Internet service, subscriptions, dues to organizations, repairs to equipment, % of office space, postage (if applicable), mileage (if deliver/pickup), advertising (if applicable), security system (burglar alarms, etc. if applicable),probably more I can't think of right now.
Why don't you ask the accountant who did your taxes last year?
I'm sure they are better able to answer that question than anyone here.
I suggest you seek out an accountant sm
Since you have no experience as IC, you really need to talk to an accountant. Honestly, that is the only way to be knowledgable about it. I had to do that 18 years ago when I started as IC. Each year, the tax laws are updated, new write-offs, things you were deducting can't be deducted anymore, etc.
I have had the same accountant now for about 12 years, and he is not that expensive. Last year, he charged $180. Not too bad.
I would call a tax attorney/accountant in
x
That's right. Would you give your plumber or accountant a raise?
Or, since they're a business and not your employee, would you expect they will raise their own rates when necessary?
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