A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Business Owners-1099 or W2 employees? - LSW
Posted: Apr 08, 2010
If you own your own business, do you 1099 your transcriptionists or do you W2 them? Starting a business up and not sure which way to go?
Depends on a lot of factors - IC versus employee
[ In Reply To ..]
W2 means they are an employee. Which means you have payroll plus payroll taxes and possibly workers' comp. I'm not sure about that part. You can require your employees to work a schedule, though, and you have a little bit more control over how and when they show up and production.
1099 means Independent Contractor. You pay them a flat rate and don't have to worry about anything other than that. You also cannot require a schedule from them other than, say, asking them to commit to a certain number of lines per day. Those lines may be done in the morning, they may get done in the evening, they may not get done at all. You don't have nearly as much control with a contractor as you do with an employee.
It's good that the moderators are aware at how much they suck at their jobs. (See the post below.) But I'm genuinely curious about who owns this web site.
Owner, are you a former or current MT? Do you live in the U.S. or a foregin country? Moderators, how about yourselves? Are you former or current MTs? Do you live in the U.S.?
If you're not willing to answer these questions, why is that? Why not admit you're not MTs? Wh ...
Good morning. I own my own transcription service and would now like to take on a subcontractor to help me as business is good! I charge my clients .15 cents a line, so what do I pay the sub per line? How much is a reasonable amount to make on all the work?
Thanks!
...
I am thinking of getting a Kindle. I would like to hear opinions of Kindle owners before I make the purchase and I also have a few questions.
1. Do you have to buy books just from the Amazon site or are there other sites that you can get e-books from?
2. What other features does the Kindle have or can you just read books/papers/magazines on it?
I am not sure I am ready to give up my books for an e-reader. Any other input would b ...
Was considering working for a company that says they hire IC. Can anyone tell me, if an MTSO is hiring ICs, to they have to send out 1099s to all their ICs at the end of the year, or is it up to the IC to keep track of? ...
I'm curious about all the posts regarding getting your 1099 if you're an IC.
As an IC, a business person, you should already know what you've billed to clients (services). You don't need to wait for a 1099 to file your income taxes if you've kept good records and already know what you billed out and what you received.
I'm flabbergasted at how many of you are so clueless with how to BE an IC. ...
I have still not received my 1099 from Accentus (before we were all transitioned to employee by Nuance) or my W2 from Nuance. Tomorrow is the deadline, so maybe they will be in the mailbox then, but was wondering if anyone else has had experienced this. I no longer work for Nuance, so I hope their disorganization tendency has not messed up my employment records. Thanks! ...
I still have not received my 1099 form for my taxes and I sent an Email to ImedX. Still no word. Has anyone had this issue? I worked for them for 4-1/2 months as an IC. I am about to call the address located in Atlanta to track it down. I have evidence that I worked for them from bank deposits. This is rediculous. Would anyone have a number that I could contacrt? ...
Anyone else receive 2 1099's from iMedX? The first one I received was in January, the amount seemed much less than I was expecting, but i was under the gun and needed to get my taxes filed so that's what I used. Yesterday I received another 1099 from iMedX with a Connecticut address with a way higher amount on it. What the heck am I supposed to do with this? ...
I was just curious about what employees thought of Nuance on Glassdoor. You read several US employee opinions and they reflect the morale listed on MTStars. Scroll further down and read the opinions of the transcriptionists from India. What a difference. They are highly satisfied with their jobs and most have been working with Nuance for 6 to 7 years. The US transcriptionists are very sad!! What a difference..... ...
I need to know if MTs filing as ICs can claim dependents for the child tax credit and what, if any, forms I need in addition to the 1099-MISC form they sent me. One person is telling me that ICs can get the child tax credit, another is telling me that they can't, and there is nowhere on the forms that I have to put anything down for dependents. I have tried calling the IRS, but was put on hold and couldn't wait long because it wasn't my phone and I have sent two emails ...
I worked for Imedx for 5-6 months last year as an IC. I still have not received my 1099. I have proof that I worked for them because of my bank statements. Has anyone else not received their 1099? I am going to call their corporate office Monday. ...
What do you do if the 1099 you received from a former client doesn't equal the payments received from them. It says they paid me more than I received or show deposits. The office manager will not return calls or e-mails? She even stiffed me on my last invoice. ...
Hi,
I am new to the independent contractor thing, but shouldn't a company that has "hired" you as an independent contrator have your SS and a 1099 filled out by you? Just wondering as it seems to me this is necessary and since it is not being done, it makes me wonder about this company that much more, espcially since others have stated they have not been paid by this company. I guess if they are not planning on paying me they don't need a 1099 or SS# huh? ...
Here are some of AK's many business pages on facebook. Try contacting her through these pages...want to know where your pay check is from TTD? Here it is....she stole our money and used it to fund these businesses:
Amy's personal FB: https://www.facebook.com/amy.knightkelley
Kelley's K9s: https://www.facebook.com/pages/Kelleys-K9s/241410562544454?fref=ts
Fitness by Amy: https://www.facebook.com/pages/Prime-Fitness-by-Amy-Kelley/368875573190117
Amy Kelley Photography: https:// ...
I too am filing without my 1099 from TTD and no response from "AK", the owner. Going out of my way to fill out another form and gather earnings together and attempts to contact. Here are many ways on Facebook to get a hold of her if needed. She runs her K9 German Shepherd breeding business, fitness, photography and creations. Wonder how much of this gets reported, especially the high $$$ dogs. She has recently posted on these pages as well.
Amy's personal FB: https://www.facebo ...
I'm a student with The VLC online school. I sent in 2 assignments 9 days ago and haven't heard back from them. They've never been particularly swift reviewing assignments but this is getting ridiculous. I emailed both the instructor and the general contact address and got Mail Delivery System messages to say that "delivery has been delayed. Error: unable to reach nameserver on any valid IP." Their forum site is down although the main web site is still ...
I have started my own medical transcription business and it is going great! I decaled my vehicle, designed a website and distributed a professional-looking brochure to all medical offices in my city. How many of you out there are MTs that started their own business? I would like some feedback on how it is going for you. ...
I hate the way things are going, MTSO lost their largest account. I was promised the same amount of work with the 'other' accounts. Had all but 7 short notes today. I think I should just jump ship and find another job. I am NOT liking the way things are going...Been doing this for a LONG time and I can tell when something is up. Of course, I asked, they won't tell me the truth, they SELDOM do tell the truth of what is really going on. ...
I really resent the fact of being critiqued on how i transcribe/edit a report. Why is it anybody's business if I use the mouse, keystrokes, or type it with my toes, as long as the report gets done? I'm sure we all have different styles that work for us - so what's wrong with that? This is carrying micro-management way too far. ...
I'm wanting to start my own MT business, small scale, moving away from these big national companies. Anybody been there, done that, have a good experience, and some advice as to where to start? ...
Looks like according to this article that Nuance really did try to buy out MModal:
MModal to Disclose Data to Settle Suits Over Acquisition
By Jef Feeley - Aug 10, 2012 10:35 AM CT
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MModal Inc., a maker of medical- transcription software, agreed to make more disclosures about a $1.1 billion buyout offer by a unit of JPMorgan Chase & Co. (JPM) to settle investor lawsuits over th ...