I've been working for over a year now,
Posted By: sm on 2009-03-23
In Reply to: What are my chances? - clrumfelt
and I don't even know what my typing speed is anymore. It would be hard for me to take a typing test because I am so used to using my expander. I am really surprised you are finding most companies want a certain speed. I did not encounter that when I was applying.
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I've been an IC for five years and never had to pay more than $600 one time a year for taxes...
I have so many deductions that I almost don't pay taxes. Yes, I also have a tax professional do my taxes. I keep a clear plastic envelope on my desk and anything I buy related to the business or phone expense, % of electricity/gas, health insurance, medical expenses, etc., all go in the envelope so at the end of the year I'm not searching everywhere for my deductions.
Anything you use for your business is deductible, but used items. If you buy a used computer on e-bay it isn't tax deductible. It has to be new to be a deduction.
I've always mentored someone along the way. Have 2 now that I'm working with. Can't take on
,
$600/year!! I would LOVE to pay 600/year -
I end up paying in $2000+/year EVEN WITH MY DEDUCTIONS, and I deduct anything and everything!! My accountant keeps telling me to buy a house or have a baby and then I wouldn't pay in so much.
Linked the website. They've never responded the few times I've tried. nm
,
so you've been MT'ing for 6 months and I've been at it for 25 years but I don't know
what I'm talking about...that's a good one. The purpose of this board is for experienced MT's to give information to new MT's. One of the developments in this field is its recent downturn. We have a responsibility to be upfront with what we see, know and any conclusions we might draw. With less than 1 year of experience in the field, I hardly think you're in a position to give an educated answer regarding things like job markets, global influences and technological challenges. But then again, people like to only listen to things they like to hear...so have at it!
I've never heard of that school, and I've
been doing this for nearly 20 years. Maybe they have in Canada, but in case you work for a company in the US, you might want to consider M-Tec and Andrews. They are on-line and their students get jobs when they graduate because they are in demand. Again, not sure how much it will complicate getting work since you live in Canada, but I think you should at least compare the programs closely.
It is a year old. n/m
n/m
It was quite awhile ago...maybe about a year or so.
nm
How to ask for a raise? 7 cpl for one year now...
Are raises given?
To make 40K per year,
You have to make roughly $20./hr for a 40-hour week (if my math skills are any good!). To do that, you need to either make a higher line rate, or produce more lines per hour. That means doubling either your lines per day or your cents per line.
I would venture a guess that most folks making 40K a year do NOT work for nationals, but have their own accounts which tend to pay more per line, which ups the $ per hour. Of course, with that comes a whole new set of headaches and probably more incidental hours (billing, delivering, bookkeeping...time spent maintaining an account in addition to transcribing hours.)
Unfortunately, by the time we see ads everywhere for big money opportunities (transcription, selling on ebay, raising alpacas, etc.) the prime time to get involved has probably already passed, and then folks who respond are stuck with disillusionment and bills for starting costs/prep.
Just my humble (and maybe a bit pessimistic) opinion.
You don't even have to buy the upgrades every year, just
add to it. I only update every other year.
transcriptionist with 1 year's exp
I think Spheris has a program to do that.
Happy New Year Everyone!
I hope everyone has a very excellent 2009, with all good things!
I made 7.75 with MedQuist my first year.
I started out with Medquist making 7.75 based on my all-around experience and test scores I was told. That was PTE.
I went on to make 8 as an employee, and I work a second IC job making 16, 13 to start, 16 after 90 days.
putting 3-year-old in daycare
I have finally relented and put my baby in daycare. I can't do it anymore. I am so stressed out about splitting my time between her and work that both are suffering from it. Not to mention my house. The husband is worried becuase this is now an added expense to our already tight budget, but as I explained to him, now I can focus on my line count and I won't be getting up every two minutes to tend to her. Any of you been in the same situation? I'd like to hear about it, good or bad.
first year as IC, you don't have to make payments...sm
you could pay all of 2006 taxes by April 15, 2007. But in 2007, the IRS will send you forms that you use to pay quarterly. You pay 100% of last year's taxes in 4 equal payments and then make up the difference when you do your taxes. For example, you started as an IC in 2006. Your taxes were $2000. You pay $2000 by April 15 2007 and you also pay your first quarterly payment of $500 (1/4 of $2000) by April 15. I also would suggest you make all your payments in the current year - don't pay the last quarter by January 15 when it is due because it screws up your bookkeeping and state and feds handle it different. Pay your last quarter tax by December 31.
after a year mine went up to 7cpl.
I am at 2 yrs now and making 7.5 at one plaace and 8.5 at my other
In the first 6 months of this year. I'm not new to this, though, so I moved on. nm
s
Just waiting till the end of the year (sm)
Like I said, I'm not certain if I am going to be sent a quarterly tax invoice or not, but I figure better safe than sorry!
This is also a bad time of year to be job hunting.
This is the slow season for MTs and companies don't tend to hire much from December to February. Don't give in yet if this is really what you want. But I agree with other poster, you might have better luck with a local MTSO that is familar with your community college's program. Good luck if you decide to pursue this further! It would be a shame to give up so quickly after completing the course.
First of all, a lot of companies will waive the 2 year
-You graduated from a program they know provides a quality education.
-You test well enough during the application process.
-You have a well-written resume and cover letter and follow the application instructions to the letter.
Many companies hire new grads on regular intervals, but they do not advertise this because they will be inundated by applications, many of them from people with absolutely no training at all. It takes time and resources to train a brand new MT so they may only hire new grads a few times a year.
Speak with your school's post-graduate assistance program and get some leads for MTSOs that hire their grads. Check out your school's student forum and see where other graduates are getting hired. Find companies that will let you test as part of the application process (instead of applying and waiting for an invitation to test). There is a thread below with a list of companies that have been mentioned in the past as hiring newbies. Also, check locally and be on the lookout for smaller services to apply with.
Good luck.
Anyone signing a 2-year contract on either
end would be crazy. You can't guarantee work for 2 years and there is no way I would tie myself to a situation for 2 years.
Ignore the two-year clause and apply anyhow!
If you let that hold you back, you will never find work. There are plenty of new grads working and getting hired everyday. If you wimp out, you'll get nothing.
I heard that were going review resumes after the New year.
x
Our nine year old son started asking about the birds and the bees (sm)
this year. We have answered exactly what was asked every time. Once he started asking questions, he didn't stop.
We have covered birth control, child support, the fact that if he gets a girl pregnant he will have no choice in the matter if she chooses to abort (which horrified him) and many other things. He also knows that he will always be able to come to his father and I for birth control. The way he is being raised (Christian home), we hope he will not have sex before he is ready, which we hope will be when he is an adult. (Ideally, on his wedding night. But we don't push that.) But if he makes the decision to have sex when he is a teen, we have let him know that we will help him protect himself.
We have also told him that if he believes a girl when she says, "I'm on the pill", we'll kill him.
And I feel very bad for you about your daughter. If I had a child who had a child and behaved that way, I don't know what I'd do. (Other than pay to get Norplant in her arm, that's for sure.)
Good luck at getting custody. It sounds like you'd be a much better choice for the GC.
no, 4/2006 payment is for 2005 year...nm
x
They'll need your SS# to issue your 1099 at the end of the year.
nm
I personally did not incorporate until I was making over $50K a year because
of the added fees (paying CPA for one thing), corp taxes, etc. MT services carry so little liability I don't think incorporating to install a corporate shield is really necessary, especially since they go after deep pockets anyway. But incorporating if you are making $50K or more per year is a very important tool for income tax savings. If you are sending work out to other people and they are doing the work, then you turn around and send it in to the client, essentially YOU are not doing the typing, YOU are not earning the money, YOUR BUSINESS is. Therefore you should not be paying social security tax on earnings that are not YOURS but YOUR BUSINESS'S. If you incorporate you can pay yourself a reasonable salary for any transcription you do, plus shuttling the work back and forth. Let the rest of the earnings ride as the company's earnings. You will pay income taxes on them as any profit flows through to your personal taxes but you will save on that big 15% bite from social security. Other advantages though of incorporating are to set up your 401K and let your business make contributions to it. Again, though, that's something that's not likely to happen until you are making a lot of money. As you are a newbie, I don't see that in the near future...
Not the OP, but you can pay your taxes once a year at tax time. Estimated
s
I usually update the drug book every other year as I
use it so often and there are new drugs all the time. Equipment books I update about the same as there is always new equipment coming out. Other books I don't update as often, depends on how much I use a particular specialty.
graduated almost a year ago from a "Big 3" and nada
I graduated almost a year ago from a "Big 3" school and have had no luck. I am thinking I have to go for my CMT to get a second look. Ridiculous!
Until every American MT is working who wants to, and is qualified, for a living wage and affordable, quality health care benefits, NO MT work should be going outside the US. Get on it, Obama!
Companies waive the 2-year requirement for CS grads too.
CS grads have no problem finding jobs. I had several offers before I even received my final exam results. 
No company will waive their 2-year experience requirement for AHP.
Other than Andrews, the second recommended school is M-TEC, NOT Meditec, they are 2 very different schools.
Career Step only give you a year, so at M-TEC you have 18 months and will learn a LOT more.
Your post made it sound like you would rather take more time to do the course, but there's a reason M-Tec requires it done in 18 months.
You can't really learn if you drag it out longer than 18 months. You have to keep doing it, working at it, familiarizing yourself with it, in order to learn it. That is why they push you to not drag your feet, either do it or don't do it!
Good luck to you.
being able to make 40,000 year without a college degree is pretty good. I'm happy.
working
I finished my course and now I am trying to work from home, but everyone wants experience. What can I do?
Working for them and....
it seems to be going well. I am a newbie and they are giving me a chance, which is more than others would do. All I can say is give it a try.
But if you are working as an IC, YOU
should purchase the software, pedal, etc. needed to do the job. Otherwise you are trying to be an employee. But at any rate, no I would not pay an 11.95 admin fee to get a job. Why don't you get a job somewhere else for free if you want a job?
If you are already working, why do you (sm)
need to change jobs? You said you have references from the doctors you are working for. So by working for do you mean transcribing for, or other work?
I'm confused.
? working as IC
I have a lot of questions. When you work as an IC do you need to set up as a business and file your taxes in a business name or -- just add the income thru a 1099. We file a joint return.
if not working, i would still take it.
knowledge has no price. if she is not working right now, than gaining the experience is well worth it.
If she is earning a living transcribing, than no don't quit your job to earn $0 and learn.
I, on the other hand, think the offer is generous. It takes me just as long to proof a report than it does to transcribe it myself. Why would I want to pay someone to transcribe it, if I am going to have to proof it. It just does not make sense.
Yes, I am working now but
not for A Scripts
Keep working
I plan to keep working FT at the university where I currently work. I have talked to a few people who did Career Step for their training and were pleased I am trying to weigh the $1600 price tag with what realistic options that I would have upon completion.
Working at home
Just because you work at home does not automatically mean you get to pick your own hours. MT companies all have different needs, and coverage is needed, in many cases, 24 hours a day. Many companies will allow you to pick your own hours, but they will expect you stick to that schedule. Other companies will let you work anytime in a 12-hour window. It all just depends on the needs of the company.
working for peanuts
I am new to this board, but I will be glad to work for peanuts if I can just get my foot in the door!! Please feel free to contact me about any lesser paying jobs that are available. I'm articulate, but I still know I have to pay my dues.
Student and working
Well I can say this, I am a MT student at Career Step now. I am also taking their coding program. I have been subcontracting for a few months now for a couple of different places and I was just hired by another place yesterday so it can be done.
working at home
I was just wondering what insurance company you worked for at home and what the name of the place was in New England. I would settle for something like this until I could get into a hospital.
Thank you!
Just Started working PT
I just graduated from Career Step and got a PT job within 2 weeks. Mind you it was the only company that was interested in doing the PT thing, plus I have dail-up, so I was really limited on my options. But, so you know, PT jobs are out there. Good luck.
They are probably all busy working! LOL
x
Wow! I could be working for the same company!
I felt the exact same as you do!! After six months I am finally on paid status, but the pay is not much. Good luck! Let me know if you find anything better!
working in a hospital
I work for a hospital and have for 20 years. I am an at-home MT.. I am a full-time employee just like anyone who has to physical go there everday. The pay is much better and benefits too.. There are some still out there.
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