You can only write off the percentage actually used...
Posted By: former bank manager on 2005-09-11
In Reply to: You have to keep receipts (sm) - Peanuts
for work. Who uses 40% of the space in their house??? I write off 10-15%. You also must use that work area for work only. Come audit time (and it eventually may happen), you will need to show a floorplan of your house and what area is for work exclusively. If you're writing off 40% you will be in deep doo-doo.
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Yes, renters can write off percentage (sm)
of apartment/house used for work. In the area where it reads, "rents," you can write off percentage of house used.
Brother is a tax attorney and helped me out with this. I used to pay a fortune, but no more! On top of that, if you are claiming under $25,000.00 they don't even check for small businesses anymore.
Just trying to help. You sound like a tax man! A tax man will say the same thing, you can't write off this, you can't write off that, but if you read the IRS publications there are a lot of things you can write off. They don't want to end up in tax court, want to run through your return and get it done. They don't care if you pay a fortune. If you have receipts for everything what are they going to do? The IRS is not going to bother with our piddly incomes.
Buy if from your husband. Have him write you a receipt. Write it off completely or
depreciate it over a few years.
Percentage?
Can anyone estimate a percentage of letters/words straight typed versus expander? I am quite sure no one type 100% expansions, but I am hoping some of you can give a good estimate.
I make lots of them but am wondering what your ratios are.
Thanks for your feedback!
You can only take a percentage of
things related around the home if you have an office. I take 7% off of anything around the house, but not 100%. I take 50% for the internet. I do take my office supplies off, but only a percentage, I do use my printer for things other than work. Having a home office and taking deductions is a red flag for the IRS.
but what percentage of hospitals allow that?
From what I've been reading ... the home-based service MT is averaging 8 cpl, for those dictators which make you run screaming from the room. And, I don't forsee things improving. Then again, some are lucky enough to make a line rate worthy of their skills, without worry about the dictators from Hades.
This is a bit out of date: http://www.bls.gov/oco/pdf/ocos271.pdf
Percentage of ESL dictators
Have been lied to on 2 jobs now and it is about to give me a nervous breakdown wondering how in the heck I am going to pay my bills with so many ESLs. They tell me 35% or 50%.....90% or more is about right. I'm looking for a non-MT job after almost 10 years as an MT.
Percentage of loss.
Line pay it's about 15% if my calculations are correct and as far as vacation/holiday pay, it's about 27%. So sorry for you.
Some companies just take a percentage
of each report to compensate for headers and footers, not what those headers and footers actually are. The same thing happens to me at my company.
What percentage for state and fed? nm
x
How is the error percentage calculated? nm
nm
I do all ER and only a small percentage are gruesome. sm
The bulk of them are minor car accidents, asthma attacks, chest pains, bug bites, high blood sugar, household injuries, rashes, babies with fevers....and on and on and on. I thought they were easy to learn and get used to because so much was so similar, docs use the same formats for dictating. The charts flow pretty quickly and I make good money on them.
What would be a late fee or percentage suggested?
I think your idea is excellent. Other companies do this. Why can't ICs? Of course we can. But how do you decide on the late fee amount? Certain percentage after a certain number of days. What is the usual company procedure on this? Does anyone know.
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.
As far as I know you can earn up to a certain amount - you cannot exceed a certain percentage of the
salary you were making when you took your disability. I do not think it is uncommon to work as you could certainly not make it on disability alone.
What percentage productivity gain do you get with InstanText?
Am thinking of switching. I currently get 400% productivity with SH8 (it types 3 characters for every 1 I type). Can anyone out there get similar figures with InstanText?
So MQ explains how they arrived at the increased production percentage for ASR.
It appears to be a good study with what was excluded. However, don't tell me about the opportunity for increased financial gain with this so called wonderful increased production of 30% when you decrease my pay by 20%. The only financial gain I can see in all this is in the profit margin for the company.
Own accounts, line charge, MTSO percentage
I think you might have posted this same question about a week ago. I take anywhere from 20 to 30% on an account from my IC's that covers my being the QA, the accountant, the customer service rep, the go between and the relief transcriptionist. I really think you MTSO is being more than fair. Stop and think if and when you get your own accounts, would you only keep 25% if someone was typing for you? Sometimes it is hardly worth my time to keep the accounts for the IC's as the time I spend on those accounts I accounts I could be typing and earning $30 to $40 instead of the $10 to $12 that I get when someone else types it. Remember when you have your own accounts there is no one to cover for you when you are sick, your child is sick, you go on vacation, holidays, etc. There is always a flip side to the coin. I do wish you luck but there is more into doing your own accounts than you realize.
It is irrelevant what percentage the service takes of 'your' earnings...sm
what matters is: is it worth it to you to work for that rate? On some accounts, my IC's might make only 50% of what I charge the client, on others they might be paid 80%. For one physician, I might charge 12 cents a line - if another calls, says they are in a jam and desperate to get their backlog done, I might bid it at 14. But if you are satisifed with say 8.5 cents a line, it doesn't matter if your MTSO charges them 9.5 or 19.5.
As far as line rates to physicians, again, it depends on what the market will bear. You could call local physician offices and tell them you are an independent MT service and you are getting price ranges for the locality, and ask the OM what they are paying. That would give you an idea of what is competitive. In West Virginia, they might be charging 18 cents per line, in Chicagoland they might be charging 11.
The line rate
You're probably right. Plus we're losing our percentage of good people by .... (sm)
allowing every loser from every 3rd world country on the planet to just stroll on into our country, some legally, most illegally, and take advantage of the social services all us hard working little gerbils pay for by having money taken out of our pay every month. But I don't think we're all lazy. Just the ones on permanent welfare driving around town in brand-new Cadillac Escalades. Saw one just today on the Bayshore Fwy. Brand-new black Escalade with expensive spinner wheels, with 5 or 6 Mexicans in it. Well, who knows - maybe they stole it and it was on its way to a chop-shop. Smart-and-hungry people aren't always hard-working and honest.
Screen Resolution/Font/Screen Percentage
My eyes are tired all the time. I usually have my monitor set at 800 x 600 pixels and use Bookman at 10 font in Word at 111% in the normal layout. What might be a better viewing screen setting to use?
yu arr sew write!
I gess yu tolt me. I best be gittin on bak 2 the trailer. Eye dun bin tolt awf bi a jenyus! Yu gut me! Tak to ye after a spell Mrs. Frank. Buy now. Doen't choak awn awl that venum, now, ya hear?
Why would you write someone up
gee that is very encouraging, I have been disciplined even with my current job when I was in the mentor program but not written up !!!!! That style of company is not for me, I should have listened to the posts of how they are sweet and than watch out... I'm sure a lot of people are happy with them they seem to have a lot of employees
I just had to write this....
I am now one week free from my best friend is what I like to call smoking.. This was difficult to give up and for the first time in my life I sat in a nonsmoking section at a restaurant yesterday, I can run a mile, I am alert and awake and feel good, my skin is actually looking younger. I have attempted to quite many many times... The conclusion to this was its my body, I control my body, cigarettes do not control me, I control me, God gives us one body enjoy it, take care of it, REMEMBER ITS YOUR BODY... Sorry if this offends anyone I just needed to voice myself for I feel free for the first time in my Life....
Do you write down your (sm)
job numbers. How do you keep record of work completed each day?
They need to write one about MTs
Synthroid 25 mg --hello? I have to change that one all the time. Or how about clonidine for anxiety? Or one of my personal faves respiratory rate 70, heart rate 16...happens all the time. Ladies give yourselves a pat on the back for fixing and "spotting" all of THEIR mistakes!
to write or not to write
I have always put on my resumes that I have the ability to transcribe foreign accented physicians and never had any comment made about it, so guess it worked for me. The QA part, would state as you suggested, experienced in quality assurance....would look oh so pretty on the resume by all means. Good luck.
You can write off anything you want to, you just have to
be able to document it if you get audited. I would have DSL if I didn't need it for work and my whole family uses the internet so I can't in good faith write it off. Even if I wouldn't have it if not needed for work I'm sure you still use it for personal use.
Why you should write it down
The purpose to keeping a log of everything you do that is not actual transcription, i.e., is not typing to generate lines, is to show you how much time you spend not-working.
This can be a considerable amount of time. It's important to get a handle on it, though, because it goes a long way toward showing you where you can become more efficient.
Awareness of the "not-work" time -- I hesitate to call it wasted, because some of it is purposeful, even if it doesn't generate income -- is necessary if you are to control it.
Nearly everybody pops up out of the seat if it is a difficult dictator. When I code something difficult, I jump right up and find all sorts of errands to run. It's much easier to stay in the seat and stay focused if you are aware that you keep leaping up to run around.
Even taking a sip of coffee takes a few seconds. Looking away to the TV takes a split second here and there. Answering the phone takes a couple more. Pretty soon it's a whole minute, then an hour. If you have one hour a day in non-income-generating activities, if you made $10 per hour, you'd lose $10 a day, $50 a week, $200 a month, $2400 a year. Double that if you made $20 per hour.
:)
Tax write off
Anyone know if we can write off our losses in the stock market last year. I have no clue as I have always made money. I sure my accountant is busy or I would call him. Just curious, as my hubby took a big hit, should have listened to the bunionmeister. Listen next time hubby.
We should ALL write them &
tell them why we don't want to be members. Seriously - although the following quote comes to mind:
I refuse to join any club that would have me as a member - Groucho Marx
Oohhh, I like that. I'm going to write that down!! Thanks!! nm
..
Proper way to write
n/m
You have it write Broke!!!
You are exactly right. Ooooh let me buy that huge TV or put a brand new Lexus in the driveway. please. Christmas is about giving not about receiving and it is not about giving presents. It is our time and our love that is needed most, especially this time of year. We do the same here. Make presents for each other, make the decorations for the tree, donate our time and our money to those who need it. Soup kitchens, Salvation Army, local homeless shelters, etc, etc. We have never "not" been able to afford going crazy on Christmas presents for our own families, but really just never wanted. Our entire family feels it is much more important to spend on those who most need our help. Kudos for you and a very merry Christmas!!!!!!
Better yet...write a book...
Merry Christmas
I have done both and prefer IC because I can write
everything off. You have to be very diligent about receipts and setting aside tax money though.
The only real difference in pay between the two is 7.25% for social security (self employment. You have to put aside the taxes rather than have the company pay them for you but either way, that tax money comes out of your check not the company's pocket.
Mine was before I became an MT. I used to have to write
a lot, using a lot of fine motor grip, took maybe 2 years. Typing doesn't bother me unless I do a 12 hour day, but then with rest it is usually better.
I suggest wearing a splint/splints to bed because you may bend your wrists in your sleep and that will contribute to the problem. Keeping them straight really helps. My orthopod recommended 15 minute soaks - cold, hot, and then cold again.
I recommend lowering your keyboard tray if possible and putting a pillow in your lap and then the keyboard on your pillow. This helps take a lot of the stress off. I also find that I sit straighter with my back pressed against the back of my chair. If that doesn't work for you put a towel, folded at least once, under your keyboard on your tray and that will help take some of the stress off also, though not as much as the pillow. If you use a normal-sized bed pillow there is enough pillow to also rest your wrists on and to me is just more comfortable than having an edge of the wrist pad. I couldn't get used to a gel one. If you are using a mouse have it on your keyboard tray where you don't have to bend your wrist as much to use it.
There are vitamins/supplements that are supposed to help too. I'm sorry I can't remember when they are but you can Google it.
My last surgery was 17 years ago and I find that when I grip things, like a rake when doing yard work that my wrists hurt, but it doesn't hurt when I type, different muscles I guess. I have lost some strength in my hand. I was the one that always opened the jars no one else could and now I'm not able to open them.
Whatta Re-write!
Weird AL Yankovic could not have done a better re-write. ROFLOL!!!! Priceless, just priceless. Good job!
WRITE TO HBO to keep it on for years....*S*...nm
x
We change cc to mL, but how do we write cc/mL then? Is mL/mL okay? nm
x
If you ever write a check
you have given your banking information to everybody who sees that check.
we could all write a book
I've had so many funny things happen working in hospitals and doing medical transcription in hospitals and at home. I wish I had written them all down. We could all write a book! Today has been fun what with the polls and the trips down memory lane we've taken today.
I would write one more letter and CC: to
the insurance commissioner and your insurance company. Write the letter to your physician's office, enclose copies showing proof of your payment of co-pays one more time. I found whenever I had CC to the Insurance Commissioner, then people got serious about finding the correct records...
Get a tax guy now. His fee is a write-off, of which you will want as many as you can get. Things wi
:p
You should write your own ticket on this one. U
x
Can I write off all my DSL charges
on taxes. I assumed I could, but now somebody is telling me not if I use it for personal stuff that I would have to figure out how much I used it for personal, and how much I used it for work. Of course I wouldn't have DSL if work did not require it, so why should I not be able to write off the whole cost.
I write off everything I use for work- sm
part of the house electric -30%, heat 30%, phone (1 line is all work, and the other line I write off half as I am on the phone more for work than personal use), all my MT books, computer, printer supplies, programs, FTP services, etc. Whatever I use for work gets written off 100%. I keep receipts for everything and a log of the electric and propane costs.
I write off half my DSL
I am sure I use it more like 3/4 time for work, but half to be safe. Tax Cut, from H&R Block, goes through the deductions with you and it is simple.
Will write more to you shortly - have a lot to say (sm)
Quickly I want to say this - first, many of the rules that you are living by are self-imposed. You are extremely intelligent and eccentric and you are creating a mental cage for yourself, trapping yourself in your own mind by saying that you can't do this and can't do that. I have trapped myself in situations for years before realizing that it was within my own power to set myself free. It is for you too. Saying that you can't work for other people is inaccurate. It may be true that you do not want to work for others or do not enjoy it but it is not true that you cannot do it. Many people don't want to work for others but you may have to do it at least in the short-term while you wait for your online businesses to take off.
Also, as far as getting psychiatric help you can go to the emergency room. When you feel that you should never have been born, that is a sign that you need to go and get help. You need an antidepressant. At the very least you need some fresh air and sunshine. I will write more later.
You can write off your mileage
to get into. As far as blocking your schedule, that's your fault, not the office's fault. Would you charge an online company a "sit and wait" for dictation charge because you blocked your morning? Hello? You have to be very flexible in this business. I have gone and there's only 1 tape to pick-up. I really don't care to know the doctor's daily schedule because I have enough to worry about, but high-paying jobs are hard to find. It sounds like you've made up your mind in that you don't like the driving, office, or the dictator himself, so what kind of advice are you looking for? If you just want to know whether to charge for a pick-up that brings you home empty-handed, then no do not charge. Why don't you talk to your overflow account and find out if this happens can you take work? I just don't get some of you gals... Really this allergist does not "owe you a tape" everytime you come in and I'm wondering if you are going to return reports. If you are returning reports, then your trip was not wasted.
P/S: It could be worse; they could NOT PAY!!!!! LOL Good luck...
Frank did not write me. I am jealous.
Frank isn't as hot as Gregg but I still wish I could hear from Frank. He isn't answering my e-mails either.
write him a note? Can you see your mother
out of the house and just stay away from him. Seems a shame to avoid your mother too and make her pay. Good luck!!
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