What are the benefits of working as a statutory employee?
Posted By: Is it a better tax break? TIA.nm on 2007-04-18
In Reply to:
x
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
That was with full benefits, which are the same benefits as an in-office employee for the QA staff..
However, I hear that their current QA staff are being asked to reach numbers that are out of sight and goals are basically impossible.
SE as in statutory employee at MQ nm
Statutory employee s/m
was statutory for years until MQ made us all go to regular employee status. The one thing I loved about this job was freedom and they really took that away when they set us up as regular employees.
I just took another job as a statutory employee and am working out my notice with MQ. Love, love, love it. Statutory is the best of both worlds for me since I don't need bennies. The PTO was nice, but the freedom is worth so much more.
means statutory employee...
The link someone gave above has a section on statutory employee (SE) but are still independent contractors
Doh! I thought SE was statutory employee. Sorry! NM
x
Statutory versus employee
Are there any advantages to being statutory versus an employee? Anyone out there working statutory who can help? Thanks!
Statutory Employee vs. Independent contractor
I work for company "A" as an IC. I work on Dictaphone ichart platform. I make 9 cents a line. Good accounts. Good managers. I have been offered a job as a statutory employee with company B, still on dictaphone, still 9 cents a line. Is justifiable to make a lateral move to company B just for the sake of being an employee? Tell me pros and cons please! Thank you!
too many variants. are you employee or statutory? what office? what reports?
not my office. you have to work so many weekend hours per pay period but you can choose the hours.
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.
Question about SS - I am statutory employee and my employer withholds 7.5% for Social Securty - sm
I have only been a statutory employee for a couple of months (I was an employee with benefits with my prior company). My employer withholds 7.5% or "half" of the Social Security/Medicare 15% and I was told that will need to pay the other 7.5%. How does that work? Thanks in advance!
Can a statutory employee draw unemployment if terminated from job due to restructuring of company?
nm
IC positions offer no benefits, employee positions off full benefits, so if you do not need
benefits, then IC would be best.
You get more working the evening or night shifts and working w/o benefits. And producing like a mad
,
I don't buy that. Benefits should be part of being an employee. sm
Why else would one want to be an "employee" and be required to work certain hours if not for the benefits. I work for a mid-sized company, and we get paid for stated holidays plus PTO. We must ask for the day off, but we get paid either way. If we choose to work the holiday, we get holiday plus plus our line rate pay. However, I don't find our PTO generous since sick time, downtime, and vacation time is all rolled into PTO.
What if you are employee.. but no benefits, no paid vacation
nm
if you have benefits, doesnt that make you an employee?
nm
own accounts, IC, employee with benefits, acute or clinic?
nm
variables: clinic v. acute, employee (benefits) v. IC (pay taxes);
nm
Wanted to add that I am working as an IC for this wage, so no benefits. nm
nm
What about benefits? I make 50k a year working for a company
out of my home full time. No gas money, no traveling, no printing, faxing, and I get full benefits. How is making 50000 as an MTSO good money? I really just don't get it!
my friend just finished her BSN 2 years ago, working 32 hr/week making $60K with benefits nm
x
If you are an employee working for a national, sm
it seems most of them require you to work say 8 hours regardless of how many lines you transcribe. Example: if the minimum LPH (lines per hour) that they require is 150, this would be 1200 lines per day. However, if you get those 1200 lines done in 6 hours, you are still expected to keep working for the remaining 2 hours of your shift. This is if you are, in fact, an employee. Just like you would have to complete your 8-hour shift if you worked for any other business. Some companies are more flexible and let you get your 8 hours in over a 10 to 12 hour window. You should get this clarified with your recruiter or supervisor ahead of time. If you need more flexibility, then you should probably get an IC position. Hope this helps. 
Not a good deal! I get paid 20/hr employee for working with new MTs
x
$15,000.... Hospital employee, telecommuting from home, working less than full-time.
c
I'm a hospital employee, working local at home, so I get a raise every year.
x
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.
statutory
I know this has been asked before, but could someone please tell me the difference between statutory employee and just employee? TIA
statutory vs IC SM
Thanks for clearing that up, all this time I'm statutory and thought I was IC. So does that mean I could apply for partial unemployment??
statutory vs. IC sm
So if companies cannot dictate schedules to an IC, what about statutory employees? I haven't discussed any of this with my company in 5-7 years!! Now they suddenly need an update, wherein they want to demand a set schedule....
Statutory employees too?
Is the new pay plan for statutory/IC employees too? Cant you only switch to full time employee status twice a year, I think May and October or November.
statutory employees - MQ
When you have to take off, do you call in sick like you would a regular job? In the past, I have and they have been quite unreasonable if I needed to take a day off for sick or personal reasons. What upsets me is when there is no work, Im stuck, no work, oh well, but when I need to take off, I better be there, I better work or they have been quite nasty with me..What has been others response? What have others done when they needed to take off? Thanks for your response!
time off statutory
As they are quick to point out, as statutory you are NOT an employee and do not have empolyee benefits; they can't have it both ways, if you are IC and want to take off they really don't have a right to say anything; offices differ, but that's the bottom line.
Statutory status
When I worked statutory, they took out Federal, SS, and Medicare.
Any statutory employees out there?
I'll be starting a new job soon with a service as a statutory employee. I want to get on top of my tax situation now so that come April I won't get hit with a big bill from the tax man.
Any suggestions/guidelines for how much of each of my checks I should be setting aside for taxes? I know that my employer will be paying 1/2 of my Social Security taxes. What about the rest?
Thanks in advance for your help.
statutory status
I sent you an email.
Statutory, I guess
PT, no benefits, no paid vacation/holidays, etc. The only thing they do is withhold my state/fed taxes. I work hours and days specified by them.
Statutory status question....sm
if you are statutory status they take out federal, but not state taxes, is that correct? What about SS? Thinking of taking a job on statutory status. Thanks.
Statutory MT/Independent contractor
Does anybody know of companies that still hire Statutory or independent contractors? Since I take the standard deduction on my personal taxes I can no longer deduct my MT expenses and that's a major ouch. Thanks for any help.
question for statutory workers
What percentage would you recommend setting aside from each check to cover your taxes? thanks.
Does MQ have STATUTORY EMPLOYEEs anymore under new plan????
It does not mention statutory anything in my letter dated 9/2/05.
I see "newly defined FT employee classification w/flexible...
I see New Part-Time employee classification w/flexible ...
I see Opportunity for PTO for part-time employees and increased PTO of up to ....
but I don't see nuttin about STATUTORY EMPLOYEES.......Statutory is not part-time
I only work part time statutory and
full time with another company, I have a little bit extra withheld from my FT job each paycheck. I try to save 30% of my SE job pay to have on hand when tax time comes, even though I don't need that much, it covers me for everything plus after tax time I still have money in savings. It does depend a lot on your life though, what deductions you have, what tax bracket, etc. I am single with no kids, so I wind up in a higher tax bracket, therefore feel comfortable only when I save more.
Question for you Statutory Employees about retirement?
Any of you who work as an SE, have you ever looked in to an SEP IRA or an individual 401K for funding a retirement plan? I was just wondering if this is allowed, since the income is considered self employment income, but I have searched on the Internet and can't find anything to tell how the laws specifically apply to SE's. I know if I was an IC there would be no question. I already have a Roth IRA but the limit for that or a regular IRA is $4000 a year and that is not enough IMO for retirement, would love to be able to save some of my SE income tax-deferred. I'm going to ask my accountant about it but figured out of courtesy I would wait til after the tax filing season winds down. Just curious if any of you could help out in the meantime?? TIA.
Did you get the email this morning about the new pay plan for statutory employees. What is your
feeling. I know I cant struggle any longer or harder for money anymore. I agree. I am in all these different accounts to make lines, being QA'd on all of them and I just cant do anymore than what I am doing now so I am not sure what step to take next. I guess just wait and see what happens with the new pay plan. I hope that is not why they are hiring so many people because of concerns of a lot of people leaving because of it. Have you heard of more accounts being lost. I wonder where all these accounts are going.
What companies other than MQ hire statutory employees and are they hiring now.
:
Did everyone get that email from Frank L. about the new pay plan coming out for statutory employees
this morning. Does anyone have any idea what this is going to be. I hope I dont lose money after all the years with MQ but we shall see.
On this new MQ rewards plan what exactly is it offering statutory employees and I suppose that that
is going to be the end of our quarterly bonus. My concern still is if there is no work how do you get any incentive if they lower the base rate. Sounds like employees will have a larger window to get their work done which means we all will be scrambling around for work at all hours.
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.
Ditto....granted I am not working much these days, but am currently trying out a new way of working
when I do work which seems to be helping. I am timing myself and keeping a log of how long it takes to to type however many minutes. I am averaging anywhere from 13-18 minutes of dictation an hour now doing this. Granted the time fluctuates between who I am typing, and if I have to look up names, addresses, etc., just depends on the division I am doing at the time. But work that used to take me 3 hours to do is now taking me under 2 hours, I am also trying to put in more macros as I go along, which slows me down initially but pays off in the long run of course. I was working "all the time" before but took forever to get done since I was not applying myself. This new "attitude" has helped me a lot. My goal, in the Fall, is to do 90 minutes a day consistently at 6 hours, and then maybe get up to 120 minutes a day at 8 hours, still while having at least half of the day free (do 60 minutes at night, and the other 60 by Noon). Thereby doing 1200-1400 lines a day. I have never really buckled down and done more than 8000 lines per pay period, so it will be a nice change. Maybe you can do something like that and have a specific knock off time as was suggested below. 
Working holidays? Out shopping in stores where someone IS working
that holiday you refuse to work? Grocery stores, food joints & seems any store is open on holidays and you expect them to be fully staffed, so why shouldn't we?
Yes, I took off for the first time on Christmas day, in 18 years and it was great, but I worked Christmas eve and this whole past weekend.
Someone has to do it!
Right Now, we do get benefits
but MQ is trying to change that, of course. They are trying to get our hospital to outsource everything to them, which would then mean i can work for MQ or leave. I hate MQ. I want to see them exposed for what they really are and I want to see everybody that have hurt, be compensated.
|
