I suggest you seek out an accountant sm
Posted By: MTIC24 on 2008-03-10
In Reply to: How does income tax work when you're IC? - Eric
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.
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Please have her seek help!
Men are pretty clueless about this eating disorder issue. While there are men who can suffer from it, it impacts FAR more young girls and women. What sometimes starts out as a way to lose weight becomes a lifelong issue with devastating results. I have typed reports for several young girls who died in their early 20s of heart and kidney failure. The parents were hysterical and still pretty clueless as to the "why." Please take the lead and get her into a program to speak with someone. Good luck to you.
Once again I seek forgiveness...
Perhaps I spoke to soon. I am very well aware of the problems facing MTs today. I am also aware that the MTs who have sweated blood to learn this profession over the years feel cheated. I have no personal control over that. Your choice is to move forward or move on. I have no anger towards Gloria or anyone else. The profession is difficult, as well as being a low paying job for the quality of work and the knowledge required. But, this is not the only job out there in todays marketplace that feel the brunt of cut-backs, decrease of benefits, and too much work on one person.
It says nothing... It only says that some people seek out crack pot
x
Hey if you just sat back and didn't seek
support, I would not think very highly of you. How do you know my situation? Are you judging me? You don't even know the whole story and how is it you are posting and reading it? Why do you even need to respond? Are YOU obsessing? Have you read every post? Let me tell you, NOBODY'S perfect!!
SEEK MARRIAGE COUNSELING NOW!
You need to be telling this to a marriage counselor. If your husband won't go with you, go without him. It will give you the insight needed to make this tough decision.
Seek another physician as fast as you can sm
the one you have obviously does not have your best interests at heart, nor does he care. Any good physician with an ounce of brains knows exactly how addicting OcyContin is and should not keep any patient on it for the long term. You should also seek a rehabilitation clinic for addiction problems. You can't do this by yourself. I think they have outpatient clinics, but you need help and you need to get it soon. Good luck.
Please seek the advice of a counselor, not your mom.
It is not fair to involve family members in these things. Trust me when I say I have been there and done that. The counselor we saw also told us that. The best thing we ever did was seek the advice of a counselor. Yes, if he refuses to go then go alone. Start there. Do not make any decisions until you speak with a trained, impartial party. The Dr. Phil book "Family Matters" is an excellent source of information as well for the entire family. I truly hope you work this out. Our society is far too quick to just take the high road, especially where kids are involved. You need to truly TRY here.
Seek medical attention quickly.
It could be an allergic reaction.
Why would you seek career advice on this board?
I never did understand this. You applied with a company, obviously was contacted about their opportunities, then you do your "due diligence". This now includes seeking advice, recommendations and/or comments from people you do not know on a uncensored, unsupervised b*tch board. Is that really a good idea? If you want to know about what is like to work there, ask to talk with somone in Operations, contact the HR Director, ask to speak to a couple of random employees. I have found situations are what YOU make them, not some disgruntled person with an axe to grind because they couldn't hack it and got fired, or not some management type trying to earn brownie points by kissing the CEO's butt. I know people who have worked there for years and are happy. I know others who hated their manager or supervisor or hated their account and left. Make up your own mind- I assume you're paying your own way through life!
It is time to seek you own accounts to be paid what you are worth! nm
x
slow periods, seek alternative extra cash? sm
Docs, like us, have busy family lives. I found that after Hannukah and Christmas (or sometimes with a break from family stuff) they "catch up" on dictation. Hopefully, this is what still happens. I have a son who is a professional and he likes to go in on Christmas Eve morning because it's so "slow" that he can get a lot of paperwork done. So hang in. Another aspect of today's world is that docs are carrying laptops now as is my family PCP and they are all doing their own notes. I think it's a "wait and see" thing, the world is changing and hopefully there is a survival tool for us somewhere. We are all being replaced by technology, sadly. Only time will tell. I was told several years ago that I should go into "scoping" which is kind of like editing, etc., you go into public stenographers machine gibberish and make sense out of it, kind of like making sense out of what comes back from India. I was offered this but refused to clean up someone else's "mess." Everyone should be thinking of alternative ways to get by, it's never easy. It's sad, as I have put a lot of time and $$$ into a profession that doesn't appreciate my knowledge. From your posts, Blondie, you have a good heart. I hope things get better for you. Try to have a happy holiday. How did you make out with those dogs you took in? Did the owner take them back or at least pay you? This may be an alternative few extra bucks for you. You seem to be an animal lover and a caring person.I don't live near you, but I would rather leave my Golden with you than some kennels around here. Thus, I do not go away if I can't take my dog. Hope things pick up for you work-wise.
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 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?
You need to talk to accountant. His fee is tax deduction, you will want several dedections each
6
Don't worry about what you have to pay an accountant. You'll make it up
you OVERPAID your taxes by almost $4K? Sounds like YOU're the one who needs a better accountant.
x
I'm repeating what my accountant told me. Go argue w/him I guess.
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.
Do u think a lawyer or accountant or doc has "QA" person - nope, if they screw up... they scr
As an MT, we know what our job is period. WE produce a report at 98% quality or better. This should be done without QA as we should take pride in our work and make sure it is correct. Of course, then again, we are "tested" for a job. Other professionals are not. I refuse to be. If a company mentions a "test" that is a big turn off for me.
Bottom line - know what you are doing and complete an accurate report (within 98% for human error rate which we all have) or learn another field... not a hard concept
I would suggest
giving them a call. I would imagine they would hire PT whether they're advertising for PT or not. I work PT but do as many or more lines than is required for FT. I know they bend over backwards for me in every respect and I doubt I'm treated any differently than their other MTs. I think you'll find them to be incredibly nice folks even AFTER you're hired! And, believe it or not, they do know how to coordinate hiring and work flow so it's unlikely you'd ever run out of work, might be ASKED to work extra but that with more than adequate compensation IMHO.
I can suggest one
AT&T CallVantage. - You can make all LD calls (including with your dictation system) directly through your DSL line. I've never been billed more than $35/month (I think that includes taxes), and I'm on close to 10,000 minutes a month.
So how to you suggest they do it then?
Unfortunately they have to keep track of who is getting these cards and they have to make sure there is no fraud going on, so they have to make some stipulations.
I think it's a great effort regardless!
Can I suggest something?
Two lines of thinking, actually:
1) Please consult a behavior specialist. There is an underlying reason or reasons for his behavior. It's much healthier for him to find out the causes for his behavior and design a treatment plan and work for changes rather than to just cover them up by changing the environment.
2) Please consider going against what seems to be the attitude today: Everything made-to-order. What I mean is that children learn quickly what is acceptable and what isn't. If we constantly are taking our children out of normal social situations and putting them in "specialized", "personalized", "made-to-order" situations they will never learn how to cope and get along with others. They will also be robbed of the joy of learning community-mindedness. Not teaching them how to get along in life is hateful. Not easy skills to learn as a teen, as an adult.
Just my opinion. I faced behavioral problems with mine when they were young. I know how it feels. My best wishes for you.
I would suggest..
going to a psychiatrist. I also suffer from anxiety and depresson. I take a combination of Wellbutrin and Neurontin, and this seems to work very well. I have had a hard time finding any medicine that works for me. I still have episodes sometimes, but they could prescribe you Xanax for those in between momements. I don't take Xanax though, just the Neurontin for the anxiety.
What do you suggest
How much do you guys charge for a late fee when invoices aren't paid in time?
My terms are invoicing the first of each month and payment due within ten days.
I've decided to impose a late fee since I'm having a horrible time getting paid. What do you recommend? Thanks.
Thanks! What do you suggest then?
I would suggest
investing in the Stedman's Medical Terms and Phrases book. It is kind of spendy, but it sure is a nice comprehensive reference book. Definately worth it..
oh, i was going to suggest
carboplatin and Paclitaxel...?
May I suggest
Shortkeys2? That's the program I have at my office (I do transcription for a major medical institution) and at home (home transcription on the side). It works with most programs and platforms. I've only had one or two programs so far that it wasn't compatible (AOL and GMAIL).
I would suggest
If at all possible, I would suggest you get a job working in-house, so that you can get paid by the hour. I don't know about the rest of you, but when I first started out, I don't know how many lines I typed per hour, but I worked 8 to 2, and I only transcribed about 18 to 25 reports a day. My speed and comprehension built up slowly and it helped greatly having co-workers to help me. I feel that the MTSO will take advantage of you in several ways and believe you will probably not make a decent living in the beginning. You have to learn the system you are working on, the physician's style of dictaton, etc.
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