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Statutory employee versus IC.....

Posted By: me on 2008-05-28
In Reply to:

I know that being a statutory employee has some SS taxes taken out by the company, but does being a statutory employee mean a company can make you stick to a set schedule?


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Depends on if you are employee or statutory employee (sm)
Employee, 8th and 23rd of month
Stat. Employee, 15th and 30th month
Statuatory employee versus regular employee....
Can someone tell me the difference between a statuatory employee versus a regular employee?  My company offeres IC or SE status....I am confused about whether switching over the SE would benefit me more than IC status that I have been for some time with them?  What are the benefits and disadvantages of being an SE versus IC?  Thanks for all of your help!
Am I statutory or employee

I just recently started working for MQ.  Everyone is getting me confused.  First, I am emailed about a rental fee.  I called and told them I was an employee.  I got my first paycheck and they only took out state and federal taxes.  So, I am still as confused as they are.  I left 3 messages for payroll and 3 emails.  No answer as of yet.  Are they supposed to take out all taxes if I am a full time employee?  They only took out state and federal. Does this make a statutory? 


 


Thanks for any infor. 


I am a statutory employee and they take out sm
state, federal and Social Security. I didn't want to be botherered with the taxes and it was an option they could or I and I chose MQ to take the taxes.
Statutory employee
I was wondering if anyone could tell me the companies who hire statutory employees? I would like the flexibility of an IC, but I would like the company to pay half the taxes for me. If you know how I could find out which companies work this way, please let me know! Thanks!!!

Statutory employee
By definition an independent contractor (IC) should not be told that he/she will work 8 hours or 2 hours straight on a schedule. You give them the schedule you prefer to work and they accept that or reject it. The operative word here is independent. Far too many companies try to not do the tax thing and still want control of the IC. The IRS does not like that!
you are an SE, statutory employee.
x
They are IC/statutory employee so no
benefits, insurance, etc. Website is transmdi.com
Yes, they called it Statutory Employee or IC ... at least
that is what is says on my contract. ?????
Statutory Employee Status sm
Use Bayscribe platform.
Statutory employee. Work when you want
nm
Statutory Employee Status
Please, can someone tell me if there are transcription companies that offer remote MTs employee status w/medical benefits.  Is there such a thing as a Statutory Employee and what does this entitle us to?
They only offer SE - statutory employee
Since they don't offer benefits, you're not classified as FT or PT. 
Congrats! You are a statutory employee, not an IC
They do take a portion of taxes out of every check. But since you don't have any further benefits you get the 24 hour turn around flexibility. If someone else covers your health insurance, it's the best of both world in my opinion. Hope this helps.
Part-time...statutory; used to be PT employee. (NM)
..
As a statutory employee, they take out FICA and match it. sm

Therefore, you do not have to file self-employment tax, like an IC.  You are still not an employee per se, in that you set up your own schedule/make your own hours.  You tell them how many lines you will do in a day, and every 2 months, you submit a schedule, telling them which days you will work.  


You have to have your own PC.  You can rent a C-phone from them, and some of the accounts are going to wav files, and I think the company provides the wav pedal for you. 


Hope this helps!


I had a hard time as a statutory employee, but
now that I am a regular employee and have to have a set schedule I am WAYYYYY more disciplined. I guess I actually needed that boss hanging over me (not literally, LOL) to make sure I work and make $$$$$. Best of luck to you.
Agree with poster below - MDI is statutory employee
There are no benefits.  It's basically the same as IC with the taxes taken out.  Did you think you were hired for employee status?  Don't mean to rain on your parade, but better double-check that.
NEITHER STATUTORY NOR EMPLOYEE STATUS FAIR..SM

I said it before, when MTs were first forced to go the employee route..it's all about control...same for statutory.  They have no right to dictate shifts/hours unless you're paid for your time by the hour.  In either, you only get what you produce, per production. You might think you're ahead with employee status because of benefits.  But what happens when you can't make your line count, even through no fault of your own?  The only square deal is IC status... you get what you pay for..no more, no less.  They don't pay for your time.. so they can't dictate a schedule.  What other industry would require a certain amount of your time and not pay for your time?  It would be different if they were to guarantee a certain wage per hour/day, etc... but they can't even guarantee there will even be any work.


SC meaning SE (statutory employee) and or IC contractor.
Still looking for help on employee positions with no VR which are good. Thanks.
Statutory Employee: What services hire SEs?
I have enjoyed the flexibility and tax part of being an SE with MDI-MD, but it seems very difficult to find any service who will hire SE.  I see IC or FT or PT, but not SE.  Could someone give me some leads?  I searched the archives, not much current info. there...thanks!!
full-time employee, but started out statutory (sm)
Good luck and I'm glad you're giving MQ a chance.  I think you will be pleasantly suprised. I know I was.  I was kind of disappointed when they called me back, but I really needed a job, so I took it, and four years later, I'm very happy! Good luck to ya!
Just curious, what didn't you like about being statutory employee at older job? sm
I'm thinking of becoming one so I'd like a heads up on possible issues this causes!!! Thanks.
You report wages and expenses as a statutory employee on schedule C.
I don't know how the company is these days, but when I was employed by them, there were some very rude people who worked in the office. I suspect since they were so high up, they're still there.
Do they offer both statutory employee and independent contractor status? Thank you! NM
NM
Only employee and statutory employee..no IC
nm
P.S. ''If we try employee status and decide it’s not for us, can we return to statutory employ
x
MDI versus MedScribe versus SoftScript versus Transsolutions versus TransHealth. SM

I'm getting ready to start applying and these are the companies that I'm looking at.  So give me the low-down.  Good, bad, India?


Here are my criteria:


9 cpl or better


Does NOT send work to India


Good accounts with at least 50/50 of ESL versus American dictators


Consistent work flow - no downtime or time spent waiting for work


Upper management should be professional, positive, and encouraging.


Pay for lines WITH spaces.


Is there such a job out there or am I just dreaming?  If there are other companies other than the ones I listed that would fit the bill, please feel free to let me know. I tested with TransHealth and I felt like I tanked.  It was a hard test and I had to use the mouse to stop and start the dictation as it was online test and you couldn't download the voice files.  So that made it a lot more difficult.  One of the dictators was cutting himself off through the report and I had to leave some blanks.  I'm very frustrated with this whole process of looking and testing.  Are all the tests like that?  Or are there companies that allow you download the test files and transcribe them using your pedal and software?  Ugh!  I am just so frustrated and discouraged.


Thanks for any helpf.


IC versus Employee
As an IC, you can deduct at 100% all of your expenses.  An an employee, you can only deduct the amount that exceeds 2% of your gross income (if you are married and filing jointly, it is yours and your sponse's combined gross income).  In other words, if your joint combined gross income is $100,000, you can only deduct your expensed over $2000.  That is a huge amount to have to not include.  Check with any tax accountant or IRS regarding this.
IC versus employee

This is a muliple-part question--hoping someone here can help with some or all of them! 


1.  Does anyone have experience working for Shriners' Children's Hospital inhouse in Norcross, GA?  Many ESLs, how are working conditions, etc?


2.  I've been recently sent home from my small office practice (didn't volunteer!) and changed from transcription/med records clerk employee to IC; lost benefits. I think a little further on I'll have to get another inhouse job--remains to be seen if I can afford to live on this reduced income.  Does anyone have solutions regarding health insurance for self-employed, single people?  In my state an individual BCBS premium for someone my age is $300.00/month w/$250.00 deductible. (Yikes!)


3.  How to tweak my (hopefully) next interview to reflect that in my last job I was told basically I wasn't a good "fit" for the office, even though they were happy with my work quality and quantity?  In their opinion I didn't pitch in and answer phones quickly enough, schedule patients and take on copying duties cheerfully enough--in short, lacked a positive attitude, even though I DID do these extra duties politely. I'm nearly 60 years old--and don't do perky very well.  Should I just explain this last job didn't suit my skills and personality? 


Thanks for reading thus far--will appreciate your suggestions or input!


 


 


If you are an employee versus IC, then
the MTSO can control your hours. MQ did away with their ICs/SEs years ago. There may be tax breaks too, I don't known.
If you are an employee versus IC, then
the MTSO can control your hours. MQ did away with their ICs/SEs years ago. There may be tax breaks too, I don't know though.
IC versus employee

The IRS has strict guidlines as to what criteria you meet as an IC versus an employee and rest assured both the person and the company will BOTH be fined.  There is definintely one answer the IRS does nto accept and that is I didn't know.  As an IC you are considered a business and you better know your business or you will get burned by compaines as well  as the  IRS. 


IC versus employee
If you quit your job, I don't believe you will be eligible for unemployment.  You have to be let go by them.  I work as an IC and you have to also pay self-employment tax, which you obviously don't have to pay if you are an employee.  As an employee, you will have some benefits as they call them, whereas you will have none as an IC (including no vacation pay, insurance, long-term disability, etc).
Employee versus IC/SE
Well I started out at MDI-FL, then Transcend as an IC and would have been happy to stay that way but they made that impossible because you had to buy E&O insurance and Worker's Comp insurance and get an EIN number (not your SS #) so I went to employee status but I don't use the benefits as we have insurance thorugh my husband's work so I would prefer the higher line rate over the benefits.
IC versus employee status

I am considering a job offer which will make me an employee after being IC status for the past 9 years.  This job is 2 cents/line lower than what I make as an IC.  I also have extra expense now with unlimited LD and equipment rental that I won't have as an employee.  I am concerned about dropping 2 cents/line, but without the headaches of dealing with taxes every year, it might be worth it.  Any thoughts from anyone who has gone from IC to employee?


Thanks!


IC status versus employee
I've been offered an IC position.  Any advice you can give would be great!!

First, both companies are offering me the same line rate.  What I'm pretty naive about are the tax portions.  Would I be paying out more in taxes as an IC as compared to a company taking them out as an employee?  If anybody lives in Pennsylvania, could you please let me know how much I would need to take out of each check to be safe at tax time?

Thanks so much! 
IC versus employee - job security

Which status affords more job security with a company?  Working as IC now and love the account and the company.  I really want to ensure a long future with the company, so wouldn't going PT employee status be the obvious choice over remaining IC?  I understand the pay is a bit lower but is one really more advantageous than the other.  I do not need benefits currently; however, they do offer a 401K program for their PT employees.  Thanks for any input.


IC versus Employee - Nuance
Does Nuance only have employees? If they only have employees, I wonder why? Wouldn't they save money with IC's? What is the advantage to Nuance with having employees? Just asking why..
IC versus Employee Status
What is the best way to go here?  If you are an IC, what do you like best about it?  Is it easy to find affordable insurance?  What are the advantages?  I am single and need to be insured, but if you make more per line maybe this wouldn't be a bad option.  I know MDI only hires IC and wondering if it is worth my time to work for them as an IC.  People seem to LOVE working there and I am tempted, but the IC status scares the heck out of me.
IC versus Employee Status
What is the best way to go here?  If you are an IC, what do you like best about it?  Is it easy to find affordable insurance?  What are the advantages?  I am single and need to be insured, but if you make more per line maybe this wouldn't be a bad option.  I know MDI only hires IC and wondering if it is worth my time to work for them as an IC.  People seem to LOVE working there and I am tempted, but the IC status scares the heck out of me.
IC versus employee...if you are making...sm
If you were making 8 cents a line as an IC what would that equal to as an employee?  I know there are many factors, such as deductions, etc. as an IC, but overall, would that be the same as making 7 cents a line?  I am just trying to wrap my head around a couple of different offers and the pay just seems to get lower and lower.  Thanks.
IRS has guideline IC versus employee sm

and yes, they regard the IC situation as if an employee.  They do it, as they get away with it.  As is said, people do IT (whatever that may be), because they CAN (meaning nobody stops them)


They dictate to the IC in contract form -   the lines expected  how long to accomplish this j, hours and days, etc.


Google.com    IRS independent contractor guidelines (or some such other term). 


Employee versus Independent Contractor

http://jobsearchtech.about.com/od/laborlaws/l/aa121800.htm


I have read this article (you have to scroll down a little, but I have found it helpful in explaining some things regarding IC vs Employee.  Just wanted to share for anyone who is interested.      


 


Independent contractor versus employee?
Can someone please tell me the difference between independent contractor and employee status?  I was employed for a company about 6 years ago where I was an independent contractor and they didnt take out federal taxes.  I then went to a company as an employee status where they did take out federal taxes out of my check?  As an independent contractor, do they all not take out federal taxes and can you request that they do if that is the case?  I have almost 10 years experience and have been applying for jobs left and right with no response and have only been answering ads for employee based work because of the federal taxes?  I can not understand why I am not getting any responses.  What am I doing wrong?
If you are statutory they take out SS tax only. (sm)
In this instance they took everyout out but.
Statutory or IC?
Statutory is different than IC - I haven't seen much in the way of statutory, but I just had a job offer today, GOOD offer, too - from Oracle, and it's IC. I'm leery about going IC all the way, but then again - why not? There are no guarantees anywhere, and my husband says we do much better tax-break wise with IC than employee status.
Statutory or IC
Hey, I just had an offer from them today too.. Maybe we can chat? I didn't get my paperwork yet in email. Did you?
Statutory of IC
Oh I talked to her today and she is sending my paperwork, so if you had not accepted, then you probably wont' get any paperwork.
Which is better, statutory or IC
and why?
everybody is statutory.sm
Good company, sometimes too much work, sometimes not enough, just like everywhere else. Lanier accounts are pretty much like any other account, work is work.