and then you have to pay taxes on the interest LOL
Posted By: QA girl on 2008-01-03
In Reply to: You don't manage your own savings account? - You could be getting all of that interest for
I buy I Bonds.
Not sure why everyone is so anti-government. The government DOES do a lot of things for us and to do that they need money!
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You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
It might interest you to know
My friend's son-in-law works for a large tree-trimming company and was sent down to help out. However, another company that had already been there were held up at gunpoint and had all their power tools and equipment stolen, all their money, watches, etc., so my friend's son-in-law's company said the hell with them and they are calling all their people back home. These are the people who are crying for help and then they turn on the ones who are trying to help them. I would say the hell with them, too.
Kay's the one who said she had no interest
in looking up past polls on the exact topic (that are from "real" individuals!). Or that real individuals had no interest in answering her poll, whatever. I merely suggested that people get tired of answering the same old questions, which is why she's not getting any response.
Why you bagging on me? She asked the question, she didn't like being told to do a little research, it's the same as on the Word board. If you think being honest and offering a suggestion is a smart-butt reply, man, you need to get out more often.
My interest in this???
If you would have read the original post, you would know my interest, which is nothing. I was simply asked to check this board out by a number of associates that are MTs and wanted my input as to whether or not I thought there was a resolution to all the issues mentioned here. I simply was making an observation of all the topics. I simply was throwing a few thoughts out there. I simply was trying to make a difference. It seems that the most of the MTs here are not looking for a resolution, but just a place to vent and do nothing else but that. There is an old saying "where there's a will, there's a way". These companies can only get away with what the MTs allow them to get away with. If the American MTs refused to fill in the off-shore work, the company would have no choice but to change their protocol. If the MTs would refuse to fill in VR for low pay, they would have to change that too! Yes, there is always someone with less experience willing to work for less and they too would soon be found out. The MTs here can argue back and forth with me about what I have to say, stating I know nothing of the history, etc., however, any person with half a brain reading here for a short period could see that if you did something about what you are complaining about, instead of allowing it, you just might see a change. I have been helping people get results for many many years and have been very successful. So.... with that being said, I am not the one on the losing end.
No interest in polls
I wanted to hear from 'real' individuals. I know that polls are supposedly based on responses from individuals -yet, no interest.
I see no problem with that - seems it would be in their best interest also
nm
No conflict of interest. sm
Obviously he is her client, and if she's not typing for him on her time with the company you both work for, there is no conflict of interest.
She is free to type for whomever she wants as long as it is not on company time.
Whatever is going on with the doctor and the company you work for are separate issues.
Hope this helps!
what's you interest in this that you have become such a beitch about the whole issue?
 Just curious?
Yes, definite conflict of interest there.
Speak to your manager and let him/her handle it.
Put it in the bank. 100 years of interest. Just think!
Give me a break!
I needed a good laugh, thanks for posting. Trust me, I'm only laughing at the sheer stupidity of issuing a check for one cent. You can't even rebel and send it back to them because you'd be out 36 cents.
Maybe you should frame it and label it, "My Big Bonus." 
JT, and just what IS your interest in any poster's orientation? nm
nm
Oh yes. If you are penalized, you have to pay interest rates sm
that make credit card companies look generous. Better to have more withheld than having to owe. I hated filing those quarterly returns. yuck.
Not at 23% interest on a repayment plan! NM
z
Especially their interest in CHINA, of all places. -sm
Look at what's been coming out of there already - poison pet food, poison people food, badly made and dangerous children's toys, flimsy everything else, etc. They try to bend the rules on just about everything they make & export.
Imagine the quality of their medical transcription.....
[* SHUDDER! *] :/
Do you have interest in this site or what?! - No Message
?
You'll see them as they appear. It's not just companies, it's topics of interest
We will be adding constantly to give visitors opportunities to find information that they may be seeking.
Administrator
which credit cards have the lowest interest now?
Looking to consolidate some bills, looking for the credit card with lowest interest
New credit card interest rates (sm)
Wondering if those of us on this board have noticed that credit card companies will be increasing their interest rates along with the minimum payment due soon. How will this affect some people who can barely make the minimum payments now. Any insight greatly appreciated.
Easy enough to just skip over subjects that don't interest you? NM
z
Call around and ask. I'm sure there would be plenty of interest in having you as a client!
x
I lost interest when Chris left . . .
but of the two I think Katherine is the "whole package". As far as being inconsistent, she's a young amateur, get her in the studio and a couple years experience and I think she'll be pretty darn good. Kelly has greatly improved over the years.
My CMT lapsed years ago because of lack of interest. sm
in AAMT and the direction it was taking.
I've found that having been a prior CMT is quite enough to get the interest of potential employers. However, it is how well you transcribe NOW that gets you recognition. Your work will speak for itself.
It's up to you if you want to spend the money for the test and the money and precious time to maintain the CEs. For me, it's how well I get the job done now that matters to me and my employer.
IMO, once a CMT, always a CMT, whether active or lapsed. They are just letters, and I have no regrets.
Some bad grammar above, eh?, but you get the picture.
BTW, I was CMT by exam by proctor in the good old days when USA transcription was all-American (and then I became a proctor!)
I agree with your opinion about the "grandfathered" CMTs.
Hope this helps. And BTW, I admire your attitude.
We couldn't keep up interest & attendance to keep the chapter going. This was years ago. nm
s
Unlike a certain MTSO..the big kids don't have any interest in monitoring MT boards.
nm
My extreme interest in all things medical/surgical keeps me loving it. nm
.
They are checking accounts with higher interest, minimum balance required, I believe.
dd
I filed for an extension and paid nothing until August 15th. No penalty for that, just interest. nm
x
Not to mention you're letting the govt use your money INTEREST FREE
Ack!
Now that said, I usually have them withhold a little too much simply because we can't take a payment hit.
As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
OF INTEREST TO ALL TIME WARNER CUSTOMERS...THEY ARE GOING TO START CHARGING FOR USAGE AND NOT A FLAT
This really sucks as the article said it would impact heavy users only. My cable bill is already high but to be charged for actual using will skyrocket my bill. I think I could spit nails right now. I can post the article if anyone is interested. They said it will be a trial period. Anyone else use Time Warner?
THANK YOU! That is my point. She still pays taxes, her DH still pays taxes...
so who exactly is getting cheated? And just who are you talking about when you talk about whether it is "fair" or not. I don't give a crap how much taxes my neighbor pays. It's none of my business. And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!
I just want ask, is it necessary to get personal and insult? You disagree with me, fine. But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned. That is a little over the top. If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!
It is a very good thing that some of you work at home, ALONE! You are sorely lacking in people skills and diplomacy. Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor! I've worked women like you, it was like working with kindergarteners. That's why I came home to work. Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!
great website for credit and credit cards, interest rates
great website
I do pay taxes --- MOST DEFINITELY PAY TAXES
I also keep track of all of the write offs!!
Do you also pay your own taxes?
that means it works out to about $13 an hour.
Taxes
Do you think when you are working for someone else that "they pay your taxes?" We all pay our own taxes except for the additional 7.5% of SS as an IC you pay. And I will bet that as an IC/MTSO I pay a lot less taxes than you do and I make more than you do. I cannot understand the mentality of people that say "you pay your own taxes." Your employer just "holds your money and pays your taxes." I am just responsible enough to put the money aside and pay mine but as a IC/MTSO with all my deductions I pay on 20 to 25% of my gross and I am able to put aside $700 to $1000 per month in my retirement which is totally deductable. Your statement is totally incorrect.
IC - taxes
I am never sure whether to classify myself as an IC or small MTSO as I have my own accounts. But where I see a lot of the problem is that the doctors are not making as much as they used to, due to insurance company reimbursement, etc. They are trying to save every penny that they can just like we do. I keep my line charges probably quite low according to many standards but I make a a very good living and I cannot see charging the doctors 15 to 18 cents per line when I make very decent money at 11 to 12 cpl -- gross lines. I also get GREAT tax breaks and though I have to pay the other half of the SS self employment, I still bring home more of a dollar than working for someone else. I have also found it hard to find anybody that will subcontract to me that is truly dedicated and will work hard. (I pay 8 to 9 cents per gross line and I deliver tapes and do all the printing, pick ups and deliveries) I know that kids get sick, there are football games, etc. but this is still a job and you gotta put it first sometimes. It is hard to find anyone that will work the TAT of 20 to 24 hours by the time I get the tapes to them. Then that leaves the burden on me. So I mostly stick to my accounts that bring me in $50 to $55 per year (and this gives me my benefits) and have turned down accounts because I don't want the hassle of the IC's to me and they could be going overseas right now. But I think that the insurance companies are behind this more than the docs. When your MRI is interpreted over in India -- do you get a break on the interpretation -- no but the insurance company gets a break on what they pay out so who pockets it????
My thoughts and I am sure I will get a lot of disgreements but that is okay we are all entitled to our thoughts. Oh yea for this amount of money I do work 28 to 32 to hours per week-- just quit an in house part-time job as they wanted me at least 24 hours now, started out at 10 to 12 but the docs found out that they could make more money paying me to transcribe their tapes than to type their own notes in the EMR's even with templates. So we will be around for a while. Oh yea if I would have kept on with both jobs would have easily made $65 K but working 50 hours a week was getting to be a bit much.
Patti
IC taxes
One suggestion that I have for all of you that are questioning IC taxes is to look at your past tax refunds when you were an employee and see what percentage was withheld and do about the same. Yes there is that extra 7.5 for SS but it is also a deduction and you can look to find 7.5% of your pay as a deduction whether it be in the form of your own retirement fund, etc. When I saw that I was paying so much to the IRS, I decided that if I could afford that I could start my own retirement fund and did it. I now contribute close to $1000 to it per month. So go online, get an old copy of Turbo Tax and run off the schedule C's and see what deductions can be taken for a small business and then see what you can do to save in taxes. Look at your old tax returns and if you are married have your husband over withold if you can't do it yourself. You are not paying that much more when you work for yourself you are just in charge of paying them yourself and not allowing someone else to hold it out from your check. But look at old returns, plan, plan and plan. When you look at your net vs your gross that will tell you what percentage your employer is holding out. Either as an employee or an IC we all pay our "OWN" taxes but as an employee someone just does it for you. Good luck to all of you. Patti
TAXES~~
You get to deduct sooooo much, part of your housing, utilities, any supplies such as printer paper. Last year I made about 40,000 and once the deductions were complete, it was right at about 8000 (have kids to deduct of course so that helped)
taxes
I live in Alabama and have always been employed in Georgia. Other than the time I was an IC, we always filed both Alabama and Georgia tax, whether I did the work at home or not. My husband works in Alabama. The amount of the tax always pretty much balanced out. In fact, I usually got a refund from both states, just more for one than the other. As an IC, I only file an Alabama return, as that is where my "home business" is located, no matter where my "clients" are.
Taxes
If you are talking about tax deduction the answer is no. If you are an employee and the company is taking out your taxes, etc. you are not considered an independent contractor. If you are SELF-EMPLOYEED...then the answer would be yes.
Taxes
Maybe they do that because they don't have to pay SS, or withhold any taxes for them since they don't live here. Maybe we need to put the bug into the government's ear that they are losing out on a lot of money here by allowing them to do this and you know how the government loves money. Just a thought.
IC and taxes
Is it a pain to do taxes when you are an IC? What do you all do?
IC taxes
Go here: https://www.eftpssouth.com/Eftps/
This is for federal taxes and you can pay on a weekly, daily, monthly, etc basis. As far as expenses deductible, you really need to do some research - you can deduct all expenses related to the running of your business. Best thing to do is have a room in the home/apt totally devoted to work and you can then take that % of home as a deduction. You obviously know very little about this stuff or you wouldn't ask that question. I would suggest getting the IRS instruction booklet on home office and the one on business expenses and reading it thru thoroughly. If you are not good at this stuff, then hire someone to do your first year and learn.
IC taxes
Will do that. Thanks for your input.
taxes
They are right in that the SS is 15.7% but remember when you were working for someone they held out 7.5% from your check. Look back at your checks as an employee and see what was held out -- the only diference from being an IC is that you have to be responsible to pay the taxes and not have someone withold them for you. Also look to see what deductions you have, take those off and you pay 15.whatever of that amount in SS. It all depends on what you are making. I start out with 45K+ and pay SS on about 15K. But I have a retirement fund that I am contributing to and that takes a lot off. But if you look at your paycheck as an employee you will see that 20 to 25% is being taken out of your check and you ARE paying those, someone just makes sure it is deducted. If you husband is working as an employee (my ex-was) I had him hold out as single none and we always got something back. Either way as an employee or an an IC -- we allpay it in the end.
IC Taxes??
I have recently taken a job as an IC, this is my first IC position and I was wondering if any of you wise folks could give me some advise regarding income taxes and such.
In the past I have always used TaxCut or TurboTax for my income taxes. Is there a similar product for the 'self employed' that is as helpful? Does anyone have any experience with any of these?
Also, MUST I pre-pay taxes and/or SSI quarterly? I ALWAYS get all my taxes I pay in back in a refund and my income is essentially the same as my previous employment.
Thanks!
You actually mean net? After taxes? nm
x
taxes
Haven't started mine, but for the first time in ages, I have only one 1099! Should be pretty simple.
TAXES.
I am new to this IC tax stuff. This is my first year doing this, and I have no idea what I am in for at tax time. I only work part time, and I bring in about 350 every two weeks. Should I be paying in quarterly? Any tips for tax time? Thanks in advance for your help.
Taxes as IC
Are you married -- did you have your husband over withold to cover your taxes? Do you have receipts for any programs, computer, etc. that you bought? Do you use part of your house solely for your business? Do you use an internet service for your business, phone? You need to buy Turbo Tax or talk to an accountant if you are unsure as to what to claim and not claim. But anything that pertains to your business is deductible. Turbo Tax takes you through it step by step. Mileage to the bank to deposit, buy supplies, any business related errand is deductile. You will have to pay 15% on your NET income that is why you want as many deductions as you can get. Again, if you are married have your hubbie over withhold even if it is a certain amount of one less deduction if you have kids to cover your taxes. When you see what you owe -- if you do this year you can then divide that by how may pay periods and have him withold that much. But dig for those deductions. E-mail me with any questions.
Taxes (sm)
We used to pay a CPA at the end of the year to do our taxes, claimed all our exemptions, equipment costs, office costs (if applicable), phone, etc.,on a Sched. C for me and my husband's W2, then we both were IC's and he did two Sched. C's and all he did was give us 4 slips for next year's "estimated" tax to send in a check quarterly. If we found we were making more, we were to call him and he would adjust our quarterly payment to more, it usually worked out. If you're an employee, then it will be different, I was self-employed, helped to keep track of all expenses, postage, phone, books, etc., anything to do with my profession. Perhaps you are not an IC but this worked for us, if you have kids, then the acct. would take this into consideration. Perhaps you'll get a "surprise" refund for the "kiddos." Good Luck! Have a "fruitful" year!
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