Is MQ still paying quarterly bonuses? SM
Posted By: question on 2005-07-15
In Reply to:
I was expecting to get a July 15 bonus. Has this changed? TIA
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When is MQ getting rid of the quarterly bonuses? SM
Does it start before or after the OCT bonus?
I also work for both Spheris and MQ. If quarterly bonuses are eliminated I too will still be with M
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Paying quarterly vs yearly
When I read the post regarding going from quarterly to yearly for IC taxes I got excited. I used to pay yearly until my tax guy told me to pay quarterly which I reluctantly started doing. All those years I paid yearly the IRS continued to send me quarterly tax payment vouchers which I ignored. Ok, so my point is, I just got off the phone with the IRS, explained my situation, IC who works production, doesn't make the same month to month, year to year and she STILL says I HAVE to pay quarterly and at the end of the year send in form 2210 which I think she said is an annualization form which will enable you to escape any penalties for sending in less if you made more last year. I do know if you have children there are circumstances that will enable you to file yearly rather than quarterly but I have no children at home so I didn't really pay attention to that.
you need to be paying quarterly estimated taxes(nm)
x
how do you get away with paying yearly? the IRS determines if you should pay quarterly so
unless you are having a great deal withheld from hubby's check and only paying a little bit from yours, I do not see how you can be complying with the law by paying yearly. The IRS doesn't like that. They want their money NOW!
I worked part-time for someone like that and they used the QA % to keep from paying bonuses
the QA % to keep from paying bonuses and I think that is so wrong. I no longer work for them.
Most of the reports that I had sent in were sent because the quality of the file was bad. it had a lot of skips and jumps in it and it could not be filled in.
They required 10%. The closest I got was 33%.
I think it is so wrong to require a %.
What are you paying your MTs? If you're only paying 7 or 8 cpl
and expecting extremely experienced MTs, forget it. You're not going to get it. If, however, you're willing to pay 9 or more cpl then you will find what you're looking for. There ARE experienced MTs out there who will work their fingers to the bone IF they are compensated well and treated with respect.
ATT- I was paying $320 for 7000 minutes, I am now paying $175 for 5000 minutes in CA. nm
nm
I am SE. We used to get bonuses. nm
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SE bonuses
if I were you I'd be asking some questions
but bonuses are just that (SM)
Bonuses are not guaranteed. They are supposed to be based on certain criteria, example, if the company makes money, if your performance meets the criteria, etc. It is the deafening silence that speaks so loudly.
BONUSES
Last year we got 50.00 gift cards to Target or Amazon and I sent a group gift to the office staff from Hershey's - it was a computer monitor made out of chocolate which I personalized.
X-Mas Bonuses
We're having a luncheon next week at the office. They have secret santas and we're getting $300 bonuses. This is the first time in 3 years that I've gotten anything. When I was an IC I didn't get a card or a Merry Christmas.
Bonuses at MDI Florida?
I have read that MDI Florida gives bonuses for employees that go the extra mile. I have been there over two years and work hard but have not seen a bonus yet. Do they given them out often or at all? They forgot us for transcription week and do not so anything for birthdays so it would be nice to get something out of it all.
NO BONUSES WHATSOEVER
I will get better and improve my skills in time, as I already have, but if these new things are implemented, I will not be given the opportunity to further improve my skills and get better. I will be canned, I suppose, for not meeting quota. From what I gather on this board, everyone with MQ has a different contract. I am new...you have probably been with them for awhile. I HAVE NO BONUSES WHATSOEVER FOR ANYTHING, NO MATTER IF MY QA SCORE IS 100% (IT WAS 98%). You probably have an older, better contract. Most of us are not whining, we are AFRAID. I actually ENJOY working for MQ (look out, I am ducking as I speak), and would like very much to stay, improve my skills and speed AND make more money. And what the heck is this about not more than a certain percentage of reports going to QA? How ridiculous is THAT? (Sorry for being out of the loop, but I do not receive any communication from MQ whatsoever and only hear these things on this board.) If they make a requirement of only a certain percentage of reports going to QA then the MTs are going to be forced to GUESS what the doctor said when he is coughing, slamming the door, phone ringing, TAPE SKIPPING, cut himself off, unintelligible foreign dictator, obviously said the wrong word by mistake, etc. These things I always send to QA. They are the experts and they should decide whether to leave a blank or risk filling it in, not me. If I was so experienced as to be sure what to do in all of these scenarios, I would be QA!!!!!!!!
What are the bonuses for a good QA?
MQ Bonuses ... How it works for me
As long as I have produced a total of 1600 lines on weekend days (however I choose to do it) and have 98% QA or better, I qualify for bonuses once I reach 6001 lines in a payperiod. Bonuses go up to an extra 2 cents per line. They are paid on the bi-monthly check!
Oh, is that so? We get production bonuses, but none for
xx
I remember bonuses. We would get 10%
a Christmas bonus. I still have my gold Seiko as a gift for my 10 yearanniversary with the company.
Dies anyone know if MQ is getting rid of bonuses SM
for SE and if so, when does it begin? thanks.
I don't know what others make on their bonuses.
Mine is usually a thousand; sometimes in the 900's.
No, I won't be happy about it if the bonuses are cut out. It's not the only thing keeping me with MQ though.
I do more work for MQ than for Spheris because MQ pays me more. Spheris doesn't pay quarterly bonuses and their incentive is limited to 1.5 cpl while I can get 2 cpl at MQ.
Losing the qrtly bonuses will not be enough for me to quit MQ.
We had weekend bonuses
When the work was heavy or for holiday weekends for everyone PT/FT but that was cut out in June completely.
Bonuses and overtime
You're very lucky. Do it while it lasts. Once worked for a company that always did that and out of the blue they changed and went on a hiring spree and then not enough work. Would rather work for one like yours.
Speaking of bonuses...
We were getting $3 extra per rad report when out of TAT, but now it is 25 cents. Talk about going from filet mignon 2 horse meat! 
Sign on Bonuses
When are sign on bonuses, relocation assistance, usually paid out?
While getting more bonuses and flexibility and
Make sure you get the whole picture, okay?
Those production bonuses
have always seemed pie in the sky, to me. They're offered so you bust your butt trying to get there, but why would a company want you to earn that consistently? Stands to reason it would be cheaper for a company to pay two part-time, no-benefit people for 175 lines per hour each than one person for 350 lines per hour plus bonus. Or am I just way too suspicious?
I don't pay quarterly.
I pay my taxes at the end of the year when I file.
Quarterly
I have been an IC for 16 years now but was married before and so had my husband overwithold. Then the last couple of years held a part-time in-house position and so overpaid that way. But this year will probably keep an eye on things and see what my taxes will be after about June and if it is bad, will make a payment then. I will have a lot of deductions this coming year - 2007 - so that will help. When I do my 2006 taxes I will just see what I owe and go from there. If it is easier to send in $400 four times a year instead of April 15th, will do that. I have never had to pay that much in penalities when I did not do quarterlies that it bothered me.
Yes, bonuses are reserved for the pets, not
based on cooperation, quality, or anything else, just whether your team leader thinks you are wonderful and so does Deb, but if you are on Deb's list, you get nothing, so just stay quiet in your corner and say nothing or she will slam you.
Company Bonuses/Raises
Any companies out there that still give these?  (especially "Cost of Living" raises...)
Most industries do not gives gifts or bonuses...
I would be happy if I got something from my company, but I would not be upset it I didn't.
Why do companies pay hiring bonuses,
advertise in hundreds of papers nationwide, spend $$ printing and mailing out postcards advertising for new MTs, when if they would just pay their current MTs 1 cpl more, or offer benefits or better benefits they wouldn't have a problem.
It seems like in the long run they would come out better and it sure beats having to screen/train, provide equipment, etc. a dozen or more new MTs/week. If the companies have the $$ for all of the above, why can't they pay their MTs more? They may not be getting the line rate they used to get but the money is coming from somewhere.
Christmas bonuses/gifts
Two questions: Do you receive any Christmas bonus or gift from your company, and do you give your company or team leader anything? I was just curious. This is my first year to be working at home, as I have always worked in-house. That was always the "fun" of working in the hospital -- the gift exchanging and Christmas parties!!!
Usually bonuses are not under a supe's control
MQ quarterly bonus
Yes, MQ does still pay quarterly bonuses to their SEs. We earn $50 for each pay period we produce 10,000 lines and another $10 per 1000 lines after that.
quarterly bonus
Do you still get quarterly bonuses as an SE with the new incentive plan and how is it now going for you?
quarterly bonus
Do you still get the quarterly bonus for the SE incentive program and how is it going for you?
Your first year you don't have to pay quarterly...sm
but of course, you better be setting the money aside. It's the second year where the government will ask you to pay quarterly. You only have to pay 100% of what you paid the year before in your quarterly payments. Ex: in 2006, you start your first year as an IC. You earn $25,000. Your taxes are $5000 which you pay as a lump sum on April 15th, 2007. In 2007, you pay your first quarterly installment on April 15, 2007 of $1250, with equal payments of $1250 at the next three payment due dates. At the end of 2007, you realize you made $45,000. It is not a problem that you only withheld taxes for the $25,000 amount. You will just make up the difference when you file your taxes for 2007 in 2008. Note: "bump up" your payment amount a little bit to make sure you clear the 100%, i.e. pay $1300 a quarter.
don't need to pay quarterly the first year...sm
the IRS determines you should be a quarterly payer when you file your taxes and show you have no withholding from your job. The next year you file quarterly but only have to pay 100% of what you made the year before, no matter how much you make or don't make this year. Ex: You being working as an IC this year 2006. You don't pay quarterly but when you file your taxes in April of 2007 for tax year 2006 you realize you made $10,000 and you owe $2500 in taxes for earnings in 2006. In the year 2007, you will need to make four equal quarterly payments equalling $2500, i.e. $625 (but round up a bit to $650). Your first quarterly payment is due April 15, 2007.
pay quarterly or withhold...sm
Last August, I was dropped from employee status to IC. I don't know of anyone else in my area that works from home as I do so I have a question for any of you that are IC's. When you file taxes you get a 1099 form from the work site, do you keep out money in a separate account for your taxes the following year or do you pay in throughout the year?
So in August of 2005, you went to IC status. You will owe income taxes including self employment taxes on everything from August on. By April 15, your tax man will have figured out what you need to pay. By April 15, this year you need to either start a) filing quarterly or b) increasing husband's withholding so that all your taxes paid for 2006 are equal to or greater than what you owed in 2005. For example, say in 2005, you made $10,000 as an IC and say you owed $2500 in taxes. Your husband made $40,000 and owed $8000 in taxes. In 2006, you would need to have $10500 withheld from his checks or a combination of his checks and your quarterly filings. And don't go into you pay more taxes as an IC than an employee. We've had that discussion up and down these boards these past two weeks. Don't even go there.
quarterly, now I just pay it all in April...nm
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Quarterly Taxes
I'm sure what state you live in, but in NY State I pay quarterly taxes to Federal and State. I get coupons in the mail at the beginning of the tax year, the deadlines for payment are in April, June, September and January. Basically you pay as much as you want towards your estimated taxes. I believe there is a percentage as to how much should be paid in order for it to be most beneficial to you at the end of the year. Not sure how helpful this is, but I'm surprised your State is saying it's not necessary to pay quarterly unless you can just pay a lump sum estimated tax amount.
quarterly taxes
You need to either go to the IRS website or call an IRS office. They will direct you correctly and give you the proper paperwork, etc to file quarterly. If you don't file quarterly (depending on your circumstances, children, etc) you stand a chance of being fined. The website also defines as to whether you should file quarterly and lists the circumstances where you don't.
I take out 35% of each check and pay quarterly. nm
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Quarterly pymts
You can print the forms off through the IRS web page, send for them or if you use Turbo Tax they print them for you if you need them. As long as you have your cancelled checks you should be fine and send them in with a form and your SSN.
Quarterly Taxes
I send in 35% of all that I have made up to the date taxes are due. You do not need to categorize it, just make sure you send in enough. Your percentage may be lower depending on other factors...spouse income and his/her withholdings, deductions, business expenses, etc. But 30% to 35% should be pretty close.
It is better to send in a little too much because if you owe (as I did for 2005, my first year filing quarterly), the IRS will send you a bill for interest for the amount you underpaid each quarter. Plus, of course, the amount under paid.
Just as above. It's part of what you pay quarterly.
When you're an employee, your employer pays 7.5 and you pay 7.5. When you're self-employed you pay the whole 15%. Also, you should be making estimated quarterly payments to avoid a penalty.
Quarterly Tax question
I pay my taxes when I file on April 15 or August 15 if I get an extension. I have a bookkeeping service that does my taxes and you don't have a choice but to pay into social security - i don't know how you have gotten around it. I would be interested to know, though.
The IRS will probably penalize you if you DON'T pay quarterly.
The first year it's usually tough to know what your quarterly payments should be; however, after that, the IRS will send you quarterly payment coupons so you're not the one to determine how often you pay--the IRS makes sure of that.
You can pay quarterly taxes yourself without
the help of an accountant. You can download the forms from the IRS. If you are married you can have extra taken out of your husband's check instead of paying quarterly taxes.
I think most people figure on saving 30% of their income to cover taxes.
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