Independent contractor versus employee status

Can someone tell me which position is more financially rewarding? Do ICs get 401k and whatnot? Basically, can someone tell me the differences between the 2? Thanks so much. I am an idiot with money and taxes. ...

This is concerning work. There is one question on the questionnaire that asks if I want to be on independent contractor or employee status. Could someone please explain exactly what the difference is and the Pros and Cons of such. Thank you in advance. ...

Could someone please explain how an IC status works, has anyone worked in this capacity, and feedback. Thanks. ...

I am thinking about pursuing a job as an independent contractor as I am retired and want something to do more than the money (retired hospital transcriptionist). It is my understanding that an IC must have flexible schedule to qualify for IC status, yet the job ads specify second and third shift as well as weekend days. Can they do this? I know the government is cracking down on ICs to make sure they are truly ICs (we all know the transcription companies will do everything to preserve their bo ...

I've just started working as an independent contractor and I was wondering if an IC can work more than 40 hrs. a week, since not working as an employee. This is all new to me. I've always worked as an employee before. I just couldn't handle the VR anymore. It's a joke and decided it was time to "just say no!" The big boys came up with it and they can deal with it. Not going to ruin my health (body and mind) anymore for minimum wage! That being said, I'm very willin ...

What is the benefit of working as an independent? Is the pay different? ...

This statement is supposed to attract applicants?? Since when does this fit into the "employee" description: You are required to attend training sessions without pay. You are required to work a set schedule. You are paid below minimum wage. You pay for all your own software and equipment. You are required to change O/S and WP software. You are not paid for hours spent doing their bookeeping. You are not paid for hours research of to for bad dictation. You are required to check ...

I have an interview tomorrow with a company for PT employee status. I have been an IC for many years and love it. I am a bit concerned about going employee as I am used to the flexibility of being able to take time off for my kids' school parties, fall, winter and spring breaks and such without it affecting my job. Can anyone give me a clue as to how employee status works and if some companies are more flexible than others?? I would love to stay an IC, but haven't f ...

I have an opportunity from two different companies. One is IC and the other as an employee. I have been an IC for so long. What is the pros and cons of both. TIA ...

I have been a medical transcriptionist for 22 years' and have worked as an employee for most of that time. I am still about 10 years out from retirement and am trying desparately to hang on to my beloved profession of medical transcription, but I am seeing it slip away from me little by little. Companies who hire employees seem to seldom have enough work to go around, harangue their employees through QA, and tie benefits to production. All these things combined are making it difficult ...

I am considering TTS (Transcription, Technology, and Support) and was wondering what anyone could tell me about their insurance such as rates, etc. Also, I'd like to hear from both IC and employees there. I didn't know which would be the best way to go. Thanks! ...

Can someone fill me in please. Despite doing this for over 15 years, I still don't understand the "independent contractor" posts. I have always been a straight employee at services. What is the difference and what are the pros and cons? Thanks for your help! ...

I am so tired of these companies hiring for an IC position and then when you are not at your keyboard johnny on the spot at 11 a.m. every day to start your day and sometimes start at 12 p.m. or 12:30 p.m., they are calling your cell, sending threatening E-mails. They never stipulated in their contract that if you say, per se, you are going to work 11 a.m. to 7 p.m. and you start a little later, say 12 p.m. and work until the work is completed still getting getting the work completed well w ...

Would a few independent contractors mind sharing your CPL rate? I currently work as an employee and have three years experience. I am looking into IC jobs, but I am having difficulty finding information easily on the difference in rates between IC jobs and employee jobs. Thank you! ...

How does anyone become an IC (independent contractor)? What is the process exactly? Any help would be appreciated. ...

I recently got a reply on a job as an IC for a company but in order to work for them I have to have an EIN. How do I get one and how do I figure out my taxes and all the stuff that goes with it? ...

I was thinking of applying for an IC job until I saw this (and much more, but this did it for me). If you have been offered an independent contractor position it is very important that you calculate the ultimate cost to you as a taxpayer to see if the salary being offered is worth the time and effort. For example, if you are being offered $15 an hour as an independent contractor and $12 an hour as a payroll employee, you may initially be tempted by the fact that your "take home" pay will be ...

A company is looking for ICs and says you must fill out pre-qualifying form. In it they ask for specific time of each day you can work. As I understand independent contracting, you get job, are given TAT and determine when you will do it. Can a company ask for set hours and still be calling their people independent contractors? Thanks for any answers. ...

I would like to know what all is involved with being an independent contractor. I have been toying with the idea a lot lately but have no clue what needs to be done or what is required of me. If anyone could give me some insight into this, I would so truly appreciate it. Thanks... PS: I have been an MT for over 20 years so not new to the scene but always figured employee status was better. ...

Yes, I fell for DIT's reassurances that their financial troubles were all in the past too. I worked diligently for two months only to be met with silence when I asked which days they mail paychecks out. It's been two weeks now, and I haven't heard a thing. To those of you who are staying loyal to these people: Please, please, please don't. They don't deserve it. For over a year, they have been preying on new MTs who are desperate for a job. This is NOT ...

I was just wondering how does a person become an independent contractor? I see a lot of job openings for them but not really sure what is involved. Could someone explain how to go about getting into being and independent contractor? Thank you so much! ...

Is anyone a licensed independent contractor? I saw a job listing that you have to be licensed. First time I ever heard of that. ...

Hello. I just got a new job, and for the first time, I will be an independent contractor. I am unfamiliar with this. I know they will not take taxes out. I was wondering if anyone could give me some tips on how I do this. Should I consult a tax person? Is there a way I can figure out what to hold out on my own? Can I pay the IRS quarterly those figures so I don't have to pay it all at the end of the year? Do I need any kind of license? This is a part-time position at home, ...

I am looking for some clarification on the definition, as per the IRS website, of an "independent contractor." With the majority of companies now hiring MTs as IC's, does this definition apply ? "You are not an independent contractor if you perform services that can be controlled by an employer (what will be done and how it will be done). This applies even if you are given freedom of action. What matters is that the employer has the legal right to control the details of how the servi ...

BEWARE AND BE SURE you are truly an Independent contractor. This info is available on the IRS.GOV website (type Independent contractor in the SEARCH box and then click on IC defined). I was going to work for a company who later informed me that i would be REQUIRED to look up patient information that was not dictated by going to a different website and searching thru the paperwork looking for the information. I know from experience that doing this seriously cuts into My Line Count and MY PAY. I w ...

When you are considered an independent contractor, is it necessary to give at least two weeks notice before you quit? ...

Want work as an IC on a part-time basis. Anyone know of a company that is truely hiring for ICs, not calling you an IC but treating you as if you are an employee? Thanks. ...

Oncology Positions Available - iMedX Inc Posted: Nov 18th, 2014 - 4:48 pm iMedX, Inc. Openings for Oncology transcription in a clinic setting as IC (Independent Contractor). Must have approximately 2 years recent Oncology experience. **** This is the first step of shifting people out of Employee status...bye bye guys!!! Clock tickin'!!!!!! What more do you need. Thumbs up for Employees about to be dumped ...

Hi! Can anyone tell me what some good programs are if I was to try to get into the IC field? I mean programs for downloading voice files, for getting the foot pedal to work with said voice files, etc. I have Word and a word expander. ...

Can anyone tell me any details on being an independent contractor? Pros/cons? Pay? Thanks for any info! ...

Independent contractor versus employee status - stormseeker

Talk to a tax guy. Based on your past income, he will tell - you what you need to send in SM

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