Their claim to be 'not-for-profit' cracks me up.
Posted By: LowlyMT on 2008-09-02
In Reply to: Moderator, it is not copyrighted, it's a press release, sent to me via email. However, - sm
They're making $$ hand over fist at those seminars. Love the photo of the race horses at the top. Bet more than a few of them own some. Oh - and most companies with an LLC behind them are in other countries. Like India and China, to name a couple.
Complete Discussion Below:  marks the location of current message within thread
The messages you are viewing
are archived/old.
To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
For profit versus not for profit organizations
Does anyone know if there is a difference (in salary or benefits) between being employed by a not-for-profit versus a for-profit hospital or medical center?
Wait. ''Not being an MT myself...'' ??
nm
for every business, it's profit, profit, profit. That's why it's business and not non-for-p
x
This always cracks me up
Work is "100% error free...so how does an MTSO take the right "tack"? LOL Just kidding.
It cracks me up!
You are so off the mark it isn't even funny! But if you want to believe that version to make yourself feel better, go ahead.
LOL...this doc cracks me up! SM
He lists about 20 different things wrong with the patient in the review of systems section and then says, "Otherwise negative." LOL...just struck me funny.
That doc cracks me up! LOL sm
Were on the same account, and I just crack up when he does that. It's hard to be mad at him! LOL...Oh, well...gotta have some fun at work!
:)
Chickadee
ASR cracks me up
always good for a laugh
ASR cracks me up sometimes
There should be a board just for ASR bloopers.
ASR: Potty influence.
Transcribed: Plenty of fluids.
Good typo, cracks myself up too, LMAO!!!
x
Isn't that called profit
They charge the hospital more than they pay us.... yes.....don't understand what is supposed to be bad about that. It's called profit. As far as calculating the lines differently for the MT versus how they count them for the hospital for billing, there is nothing illegal about that and there is nothing that says they have to calculate the lines the same way.
MTSO's profit
Do you know how hard it is to land an account that will pay you 14 to 16 cpl so that you can pay an MT 10 to 12 cpl. It is very hard, if you think it is so easy then I suggest you try to get your own accounts and deal with all the headaches. Keeping only 3 to 4 cpl per line to run the business, deal with all that stress, overhead, etc. is barely worth it to me. Even with the larger companies, by the time that they pay the MT, the QA, the overhead, the benefits, I know you think all the MTSO's get rich but the medium to smaller MTSO's have a small profit margin. Again, I suggest that you try to land your own accounts if you are so unhappy with the pay. Also if you can do 200 to 300 lines per hour, $14 to $24 an hour isn't really that bad of pay to be able to work at home. Yea I know years ago we got paid more but then years ago we actually TYPED more as we did not have the expanders, the computers, templates, etc. Anyway, I do agree that 7 cpl is a little low for very experienced MT's but for some of those that I have had apply, it is too much. Anway, flame me all you want, I don't know what the answer is as but maybe if enough MT's were to get their own accounts and take them away from the larger companies, they could make more, charge a little less than the larger companies. Hey also what happened to that gal that was on line that was going to have the backer to start her own company and asked for all the input and was going to pay the great wages and benefits, have the perfect schedule for the MT's, etc. Did she find out that it was not as easy as she thought? I would like an update from her if possible.
Patti
No, profit is they charge the company say 15 cpl and pay
transcriptionists 8 cpl.... the difference is PROFIT... If they pay a Transcriptionist for 75 amount of lines and charge the company for 100, that is STEALING
If 13 is the lowest you can go and still make a profit,
Whether someone else can afford to charge 11 cents is not relevant. Don't fixate on thta. You need to calcualate all your expenses (both direct and indirect), add to that a profit you can be happy with, and that's your price plain and simple. If your client accepts it, that's great. If not, it's out of your hands, and you start looking for a new client.
My husband also has profit sharing
In his case, he has the potential to receive a monthly bonus, which is based on how well this office does sales-wise according to what was projected. This bonus is issued through the regular payroll and is unrelated to the profit sharing, which is a part of the retirement plan (though separate from 401K) and is like a yearly bonus, I think perhaps based on company profitability for the prior fiscal year, so receives it in July, but we are not issued a check for this "bonus" and it is added into the 401K account. When we receive statements, there is a total amount that includes both the 401K and the profit sharing, but it is also broken down as to how much is in each account. I believe he had to work for the company for five years to be 100% vested and I do not think that he was vested at all prior to the five-year anniversary date, though I have worked for a company previously where an employee was gradually vested in increments annually (20% each year or something like that), where if you left the company after, say, three years you would be 60% vested and entitled to 60% of the funds in your profit sharing account, but any time after five years of employment would be 100% vested and, thus, entitled to 100% of the funds allocated to profit sharing.
estimate on company's profit
The company owner (who got the contracts for us, and we subcontracted from her), charged 2 cents more per line. In other words, if the transcription company paid the MT 9 cents per line for transcribing an account, the transcription company would charge the doctor 11 cents per line. That was in the year 2006 BEFORE we went digital, when we used the minitapes. I don't know whether digital requires more or less overhead.
No, it is only income if you are a reseller and are making a profit.
I had a long discussion with the IRS on this topic because I sold everything that wasn't nailed down in our house. If I had paid taxes on that money, it would have been double taxation because I paid taxes when I first earned the money that bought the item to begin with. I bought the items, used them for a while, then sold the items as if it was a "yard sale". I did not make a profit. I merely resold used items that belonged to me. I had receipts on most of it to prove that I didn't sell for more than what I paid.
It is different if you're selling on ebay as a business, in which case you would have to do a cost of goods sold, inventory, profit/loss, schedule C, and all those other fun things.
Yes, you can make a profit if you pick up and deliver.
You charge them a line rate that includes your cost for doing the tapes, printing, etc. A business person should know how to successfully sit down and figure up their expenses and how to charge a rate that will provide a profit, regardless of how the dictation is supplied. If the client wants delivery, I am glad to do it and charge them a fee for said delivery based on the cost of gas, vehicle maintenance, etc. They either are willing to pay the fee for the delivery or they decide digital doesn't look all that bad after all. Either way, I win. I also do not go to their office every day. I go twice a week and that's fine with them and doesn't bother me since I'm running other errands then anyway.
I would not dump a client that I've had for years simply because they are afraid of technology. I charge them accordingly for tapes because I consider that out of the normal way I do business and make sure I turn a profit, but I certainly wouldn't dump them. In fact, in some ways, their reluctance to move forward with new technology can be viewed as a positive thing because at least I never have to worry about losing them to speech recognition since they won't even pick up a phone to call in dictation. ;)
Yes, I have a call-in system, I have digital handhelds that I supply to clients, and I am well versed in digital dictation. I prefer my clients to use the digital services I offer, absolutely, but I do have some old clients that I've had for years that just don't want to make the switch. Not about to drop a $30K a year client over it, though. I know that eventually, they will come around and try the digital way of life. Until then, I'll gladly collect the delivery fees. :)
Of course it's a business! Anything that's run for the purpose of earning a profit is a busine
 What galaxy are you on?
isn't it the posting by the visitors here that determine the web site's profit?
just a curious question.
No wonder they claim they want to (sm)
make us happy!! We are making them REAL happy!!
I did not say not to claim it
I did not advise her not to claim it, she can do what she wants. A company can expense out without filing a 1099. I have expensed out without doing 1099's before and have never been questioned by the IRS. In fact you have to notify the IRS that you will be filing 1099's. Do all hairdressers report all of their "cash" tips? I suppose you could do 1000 jobs at $500 each to make your 50K per year and not claim it but I doubt that you could find that many jobs. All we are talking about here is one job and that is what I based my answer on not the hypothetical "thousands of jobs under $500". I doubt that the amount she made would change her "owed taxes" except for social security and even then not that much. Sp again -- she needs to do what she feels is the correct thing to do and if she loses sleep over not reporting a couple of hundred dollars then report it but do not expect a 1099.
Those who claim to have so much compassion....
say so only to make themselves feel superior. You think you're better because you say what you say. But how much do you do? When Bush cut taxes, did you feel so strongly that it was a mistake that you insisted to continue to send in the former higher Clinton taxes? Or do you think that only those horrid selfish "rich" people should pay? Sounds bites and lip service.
claim was denied.
esd said that i was not laid off because of no work so that i could not claim. you have to be laid off because of no work or company shut down (like for inventory, etc.).
no dice. :(
I have my DH claim 0 and single, but we also have
extra $$ taken out of his check. We have been hit with a penalty of under $60.00 the past 2 years for not having enough taken out for state though. Hopefully this year we have taken out enough.
New studies claim..sm..
cell phones are perfectly safe to use in non-clinical areas, such as waiting rooms and hallways. Just Google hospitals "cell phones". Tons of info.
Sheri, can you at least file a claim
for the automatic $100 of insurance UPS has? I know it won't help immediately, but perhaps you can recover something.
There are scam emails that claim to come from
Gotta be careful.
You claim it in 2009. If you did not receive
it in 2008, it does not matter it was owed, only what you received in the calendar year.
I'm afraid I'd have to see the evidence for that claim. sm
It would really take all the planets being lined up to see that kind of average production among that many people.
Don't let him stiff you for the $ -- file a claim
The worst? pretty wide claim.
x
Seems like you're over-reacting to something that you claim not to care about.
x
If you paid with Paypal you can file a claim with them, just do it before
30 days is up. If you paid via credit card you can file a claim with the credit card company, even if you paid via Paypal with a credit card. You can also file a fraud charge with the U.S. postal service if the item went through them. With the post office it would take a while to get your money though. You can also notify the police in her state/county, though most likely they will take a report and that is it, unless this is a habitual thing and others have complained.
Hopefully the administrator will be able to help you.
You pay your home state tax, whatever percentage that is. You can claim
deductions for anything associated to your job....i.e., a percentage of your utilities, expenses such as supplies needed to do your job, etc. Save all receipts for any of those items that you purchase related to the job, and I think the 1099 would be sufficient.
their own issue. A lot of people claim bigotry to
x
If you think you can claim a part of rent as propety tax you can't.
It probably asks if you rent because then there would be no property taxes to claim. If you owned then there would be property taxes. It s/l it is walking you through the steps. You can claim property taxes for vehicles, but you have incurred no property taxes as you don't own your residence. I'm sure property taxes are considered when they decide how much to charge for rent, but who ever owns the property is paying the taxes and not you.
if you made less than 600 dollars they don't legally have to claim it.
Just found that out also as last year my IC job only started in October and didn't make enough for taxes. This year will be different though. My employer said consider it free money. Can't argue with that. Checked with H&R Block and they confirmed it.
Thanks Melinda. Certainly doesn't work like most claim. NM.
How to claim Social Security for part time
Hello. I have a few small part time transcription accounts and want to know how I can claim them so I can accumulate time for Social Security benefits. I'm an independent contractor using 1099.
Thanks,
Terry
Yeah. What's their point. What do they have to worry about. You can't file a claim against t
I think they need to get their facts straight.
My claim was denied b/c officially, I was still employed but we were out of work. Crazy. nm
nm
I bought a desktop and laptop in December. Can I claim on taxes..
and is there a limit to how often you purchase computers for your work? A friend thought you could buy one a year and claim it. I bought the laptop and desktop in December and already hate the laptop, but I hate to purchase another one if I cannot claim it this year. Oh, also if I charged the computers on my Dell account in December but did not start making payments in January 2006 can I still claim for 2005 taxes. Thanks.
John Stossel's new book makes this same claim. Interesting. nm
//
You'll hear this claim in all fields by "the suits"
I've said it before and I'll say it again...back that sh^t up with a specific name or a place so there can be actual consequences. I can throw anything in quotes and say I heard it from somewhere or someone. It holds no water and only serves to get people workedup for an invisible fight.
Am I doubting what she heard is true? Maybe, maybe not. It can't be proven because there is no factual evidence provided. However, my mother was an LPN and she always said her higherups referred to her as nothing more than an overpaid candystriper or overpaid a$$ wiper. My father, a machine mechanic, said he was referred to as an overpaid janitor. It's a wicked old and wicked lame argument to get the reader or listener riled up to basically do nothing and it's amateur stuff. But, that's just me.
SHOW US THE NAMES! Then we can gather our pitchforks, burning keyboards, and Betty Crocker aprons and go to war!
That's ridiculous to claim an entire state "did not use" the 4 main directions. sm
I understand if your little 'burg was folksy and everybody knew everybody, etc., but I assure you, without knowing what state you are speaking of, people in it used N, S, E, W.
It doesn't matter how many years you went to college, basic direction is taught in elementary school.
Right and left will change, the 4 directions are the same regardless of where you're coming from or which way you're facing.
You know where the sun comes up? That's east. That doesn't change. Anywhere. Any state.
I'm not bashing your state. The state is not at fault.
|
