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You can only take a percentage of

Posted By: sm on 2009-02-26
In Reply to: Oh please, of course your internet is for work - why wouldn't it be?

things related around the home if you have an office. I take 7% off of anything around the house, but not 100%. I take 50% for the internet. I do take my office supplies off, but only a percentage, I do use my printer for things other than work. Having a home office and taking deductions is a red flag for the IRS.


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Percentage?

Can anyone estimate a percentage of letters/words straight typed versus expander?  I am quite sure no one type 100% expansions, but I am hoping some of you can give a good estimate.


I make lots of them but am wondering what your ratios are.


Thanks for your feedback! 


You can only write off the percentage actually used...
for work.  Who uses 40% of the space in their house???  I write off 10-15%.  You also must use that work area for work only.  Come audit time (and it eventually may happen), you will need to show a floorplan of your house and what area is for work exclusively.  If you're writing off 40% you will be in deep doo-doo. 
but what percentage of hospitals allow that?

From what I've been reading ... the home-based service MT is averaging 8 cpl, for those dictators which make you run screaming from the room. And, I don't forsee things improving. Then again, some are lucky enough to make a line rate worthy of their skills, without worry about the dictators from Hades.

This is a bit out of date:   http://www.bls.gov/oco/pdf/ocos271.pdf


Percentage of ESL dictators
Have been lied to on 2 jobs now and it is about to give me a nervous breakdown wondering how in the heck I am going to pay my bills with so many ESLs.  They tell me 35% or 50%.....90% or more is about right.  I'm looking for a non-MT job after almost 10 years as an MT.
Percentage of loss.
Line pay it's about 15% if my calculations are correct and as far as vacation/holiday pay, it's about 27%. So sorry for you.
Some companies just take a percentage
of each report to compensate for headers and footers, not what those headers and footers actually are. The same thing happens to me at my company.
What percentage for state and fed? nm
x
Yes, renters can write off percentage (sm)

of apartment/house used for work.  In the area where it reads, "rents," you can write off percentage of house used.


Brother is a tax attorney and helped me out with this.  I used to pay a fortune, but no more!  On top of that, if you are claiming under $25,000.00 they don't even check for small businesses anymore.


Just trying to help.  You sound like a tax man!  A tax man will say the same thing, you can't write off this, you can't write off that, but if you read the IRS publications there are a lot of things you can write off.  They don't want to end up in tax court, want to run through your return and get it done.  They don't care if you pay a fortune.  If you have receipts for everything what are they going to do?  The IRS is not going to bother with our piddly incomes.


How is the error percentage calculated? nm
nm
I do all ER and only a small percentage are gruesome. sm
The bulk of them are minor car accidents, asthma attacks, chest pains, bug bites, high blood sugar, household injuries, rashes, babies with fevers....and on and on and on. I thought they were easy to learn and get used to because so much was so similar, docs use the same formats for dictating. The charts flow pretty quickly and I make good money on them.
What would be a late fee or percentage suggested?
I think your idea is excellent. Other companies do this. Why can't ICs? Of course we can. But how do you decide on the late fee amount? Certain percentage after a certain number of days. What is the usual company procedure on this? Does anyone know.
You pay your home state tax, whatever percentage that is. You can claim
deductions for anything associated to your job....i.e., a percentage of your utilities, expenses such as supplies needed to do your job, etc.  Save all receipts for any of those items that you purchase related to the job, and I think the 1099 would be sufficient. 
As far as I know you can earn up to a certain amount - you cannot exceed a certain percentage of the
salary you were making when you took your disability. I do not think it is uncommon to work as you could certainly not make it on disability alone.
What percentage productivity gain do you get with InstanText?

Am thinking of switching.  I currently get 400% productivity with SH8 (it types 3 characters for every 1 I type).  Can anyone out there get similar figures with InstanText? 


So MQ explains how they arrived at the increased production percentage for ASR.
It appears to be a good study with what was excluded.  However, don't tell me about the opportunity for increased financial gain with this so called wonderful increased production of 30% when you decrease my pay by 20%.  The only financial gain I can see in all this is in the profit margin for the company. 
Own accounts, line charge, MTSO percentage
I think you might have posted this same question about a week ago.  I take anywhere from 20 to 30% on an account from my IC's that covers my being the QA, the accountant, the customer service rep, the go between and the relief transcriptionist.  I really think you MTSO is being more than fair.  Stop and think if and when you get your own accounts, would you only keep 25% if someone was typing for you?  Sometimes it is hardly worth my time to keep the accounts for the IC's as the time I spend on those accounts I accounts I could be typing and earning $30 to $40 instead of the $10 to $12 that I get when someone else types it.   Remember when you have your own accounts there is no one to cover for you when you are sick, your child is sick, you go on vacation, holidays, etc.  There is always a flip side to the coin.  I do wish you luck but there is more into doing your own accounts than you realize. 
It is irrelevant what percentage the service takes of 'your' earnings...sm

what matters is: is it worth it to you to work for that rate? On some accounts, my IC's might make only 50% of what I charge the client, on others they might be paid 80%. For one physician, I might charge 12 cents a line - if another calls, says they are in a jam and desperate to get their backlog done, I might bid it at 14.  But if you are satisifed with say 8.5 cents a line, it doesn't matter if your MTSO charges them 9.5 or 19.5.


As far as line rates to physicians, again, it depends on what the market will bear. You could call local physician offices and tell them you are an independent MT service and you are getting price ranges for the locality, and ask the OM what they are paying. That would give you an idea of what is competitive. In West  Virginia, they might be charging 18 cents per line, in Chicagoland they might be charging 11.


 


The line rate


You're probably right. Plus we're losing our percentage of good people by .... (sm)
allowing every loser from every 3rd world country on the planet to just stroll on into our country, some legally, most illegally, and take advantage of the social services all us hard working little gerbils pay for by having money taken out of our pay every month. But I don't think we're all lazy. Just the ones on permanent welfare driving around town in brand-new Cadillac Escalades. Saw one just today on the Bayshore Fwy. Brand-new black Escalade with expensive spinner wheels, with 5 or 6 Mexicans in it. Well, who knows - maybe they stole it and it was on its way to a chop-shop. Smart-and-hungry people aren't always hard-working and honest.
Screen Resolution/Font/Screen Percentage
My eyes are tired all the time. I usually have my monitor set at 800 x 600 pixels and use Bookman at 10 font in Word at 111% in the normal layout. What might be a better viewing screen setting to use?