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You don't have to but I take morgage, etc deduction. Need the help now raising family. Plan on

Posted By: being here til they take me out in a box. nm on 2006-02-02
In Reply to: Taxes - Pat

:+


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You're confusing the new QA plan with the new pay plan. New pay plan is still completely under wr
Shhhhhhhhhhh....
I am talking about the QA plan I dont know what the new pay plan is.
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You rock! Thanks for raising the bar! nm

Raising hand
I am quite happy. Always have tons of work. I get more PTO than any other company could even come close to, and now we get 2 extra paid holidays. I think they are really trying hard to turn things around. Plus I love Chartnet.
Raising per line rate

Do any of you have plans to raise rates with the new year coming up?  I know my offices have raised their rates three times this past year, but I have not.  With gas prices, heating prices, food, etc, going through the roof, I feel I don't have a choice. 


I would appreciate any feedback.


Fantasia is raising her daughter...sm
please get your facts straight...........
I disagree. I am raising 3 children

and have never paid for daycare while working.  I have been doing this for about 10 years and my children are ages 10, 7 and 5.  As I have added children and they have gotten older, it has become more distracting, but there are ways to do it without daycare.


When younger and I only had the 1, I worked in the mornings and afternoons when he was sleeping and finished up my day when my husband came home.  As our family grew and the younger children became older, I dropped the afternoon shifts and worked primarily early morning and nights when the kids were sleeping and/or my husband was home.  Now that they are in school, I am able to work daylight during the school year and evenings/nights in the summer when my husband is home.  If I had to pay daycare, no way would this be a profitable job. 


I would not recommend that you get into this field if you will need to pay daycare expenses.  You're much better off if you can work around your husband's schedule (if married) or if you have family close by that would be willing to help out a few hours a day with childcare.  Now that my kids are all in school, I really do enjoy the freedom this job allows me.  I rarely miss a school function or sporting event and the summers at home are great!


Help with raising food costs sm

While not available in all areas, this is a wonderful program to help out families and communities.  I used it for years when I lived in Colorado and now that I have moved, I am in the process of finding this program in my state. 


The program consists of paying a certain amount for a given box of food (you can buy more than one) on a certain day or days.  Then, you put in volunteer hours in your community for each box you purchase.  You have a volunteer slip signed where you volunteer.  On D-Day, you go and pick up your boxes of food. 


The boxes consist of fresh fruits and vegetables and meat items.  Occasionally there is cheese too.  There might be pasta and/or rice.  There is often a prepared food item.  They offer seasonal boxes for holiday baking, meat lover's boxes in time for summer grilling and Thanksgiving boxes.  The retail value of what you get in a SHARE box is usually at least double the cost of the box, and that has been my experience.  The kids and I used to go and help on D-Day, passing out boxes, cleaning up for our volunteer activity.


http://www.sharecolorado.com/


is for Colorado and several other states, but should link you nationally too.


Raising hand,,,, I vote Vianeta, too. nm
:o
So sad, but definitely true. I am 55 and raising 5 grandkids. I see work until at least 70. nm
nm
Templates raising line count ok?
I have a doc who wants to start using templates with many "much-repeated" phrases already typed in.  The template could be rather lengthy for new patients, not so much for rechecks.  That's fine with me, but it is causing my line count to go way up and I'm not sure that they will be willing to pay this much of an increase once they see just how much it is.  Do I let them make the call, bring it to their attention or keep quiet?  I just don't want to start depending on the extra money and have it jerked away suddenly when they "come to their senses."  Any input is greatly appreciated!!!  Thanks!
The people who care are all raising their hands.
I care about doing a good job and want to be well compensated for that work, so count me in. If you're not interested, don't disparage those who are.
...count instead, or raising your word rate. nm
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Raising my child to be self supporting taxpayer.
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If my husband died I'd just focus on raising my kids.
And then after they were raised - no, I wouldn't actively pursue meeting someone else.  If I just happened to someday meet the perfect match, fine.  But I wouldn't be out looking.  I think it would just be too hard to adjust to not only the death of your husband, but living with someone completely different.  I'd just fill my life with all kinds of OTHER stuff.
I cannot stand the attitude some people have toward raising children!
They don't have to be put in daycare either.

I would say people with this kind of attitude usually don't have children and therefore don't believe in the power moms have to get it ALL done. Just because this is not the situation you find yourself in does not mean it cannot be done! Open your eyes and get with the program - we ARE doing it and doing it WELL - like it or not!
don't count on raising rates yearly as an MTSO.

As an MTSO, don't think you are going to increase your accounts *yearly* (the word you used).....good luck if you're taking that route!!


I have my surgeons for a decade due to they pay very well and I have NEVER raised their rates because then they COULD choose to go elsewhere for less.....just my take.....


I also worked for nat'l services for years and they rarely raised their rates to their clients, as they, too, never wanted to lose any accts.


Good luck to you, whichever way you go!!


Raising hand. Let me be the first to apply at DisneyWorld Transcritption. nm
:+
Yuppie parents today raising a bunch of big babies
Wish someone could get through to them that they are doing more harm than good.   Nephew's children are like that - it is so annoying.  6-year-old spoiled rotten, and not even fun to be around at all, but it's because they have babied him so much and given him everything he wants, that now he is just a sullen little boy.  Can you believe using that word to describe a very bright little 6-year-old boy?  It's really a shame.
When I worked at Mayo the desks had the capability of raising up. The keyboard,

so you could stand and type.  It was a refreshing change.  I really liked the set up.  Mayo paid a chunk of change for those desks and there were over 90 MTs in our office.


Pay deduction with DQS
Well, when I started DQS, I was told by the regional manager I would increase my pay with this program so they were cutting everyone's pay who was transitioning to DQS because of that..So my pay was cut three quarters of a cent per line.  I agreed, thinking this was happening to everyone.  Well, MQ tried this for a while until a few brave souls quit and others threatened to quit due to the reduction in pay.  Now, mind you, I have not had a raise since 1998 and yet they chose to decrease my pay.  Even though they have stopped this decision of decreasing pay of people transitioning to DQS, I remain at the deducted pay rate.  Do you think I have an argument to try to get my pay rate back? 
25% deduction
So, I'm not real clear, are you saying you are a statutory status worker and thus federal is deducted which is what ?? 25% and is withheld.  If you were and IC independent contractor, nothing is withheld and you send in the taxes on your own. . Employee and statutory have all or some taxes taken out.
Another Deduction (sorry)
So sorry, I forgot one of the most important deductions, your IRA or SEP IRA,your accountant will know which is best -- this was something my accountant insisted I do years ago; now they are worth "plenty" and I am so grateful to him for insisting I do this. It's all deductible and a wonderful way to save for your retirement.
Get a tax guy, his fee is deduction. FYI, if you
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Deduction is 100%, not 50.
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100% deduction for me too as IC.
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about deduction from mortage
You seem to know quite a bit about this. I have rented in the past and so always deducted proportionally off my rent. I was under the impression there were some not so favorable consequences about deducting off home mortgage, which would be my situation this year, something about having to ante up somehow after you sell the house for the deductions you claimed, depreciating, etc. Can you clarify this any for me or refer me to a site that would explain this in "simple" :-) terms that I could understand? Not sure what I should do this year!!
Office deduction
I can use the money now more than I expect to need it later, as property values continue to go up.  Also, after so many years of NOT claiming office deduction, isn't that penalty withdrawn?
Isn't the standard deduction much more than $2K? nm
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I think you just don't take the deduction for it the year before...ask your CPA
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the SEP IRA is a huge deduction...
but I can't say that I've seen people frequently posting they take $10K in deductions. That also means they spent $10K. You may be imagining that. Maybe do an archive search and then try to repost and contact them?  As has been frequently said on this post, the only difference between IC and SE is an IC pays another 7.5% self employment tax but then takes deductions. Don't see how that adds up to 10 grand.
Deduction in pay for errors....
I was just offered a job at a measly 8 cpl after I took this ridiculously long and time consuming test.  I get an email with FAQ and there is a whole section about how much they are going to deduct from your pay for errors.  Someone over there has a screw loose.  I wish I had not wasted my time.  I already have one account that I make about 12 cpl, but I just lost one due to outsourcing, where I started at 9 cpl.  I love my first account, but I always like to have 2 just for backup.  I so far have been offered 7-1/2 cpl, 7 cpl and 8 cpl.  I turned them all down.  These people are crazy!  If you want a good transcriptionist, PAY FOR IT!!!!
HomeOffice Deduction
Can I deduct my home office if I live with a roommate and am not on the lease?  I have a room that is used solely for my office. 
Sorry, but no 'blanket' 100% deduction

  First, forget about a catastrophic illness - if you have a gallbladder or appendix, you can lose your home, right down to just keeping the shirt on your back. I know this for a fact because it happened to me.


 Secondly,  I fell into the insurance premiums are 100% covered trap personally (2006/2007).    When my accountant actually did my taxes and explained the formula used for determining how much of insurance premiums (and out-of-pocket expenses) are figured, my deduction ended up less than 50% of my oop amount.  I was disbelieving and demanded my accountant prove this, so they called the IRS and believe me, they proved it.  If someone tells you, without reviewing the details of your estimated premium/OOP yearly costs and estimated yearly earnings, that your premiums will be automatically 100% deductible, they do not know what they are talking about.  My point is not to be argumentative, it is to remind you that guessing without expert advice about your personal situation can be very costly.  Learn from those of us who have paid dearly for poor judgement and bad advice.


Your standard deduction -
Do you have other things to count such as mortgage interest, etc? If you don't, then yes, your standard deduction would be the better deal.

I just finished a personal income tax preparation class in my accounting program in college. I always thought I was doing something with those deductions too until I took this class. Went back and looked at my old returns and lo and behold, always just took the standard deduction.

Personally, I am just upset that I took so much time keeping up with all those receipts and so forth!!!
Can you take home office deduction if you are sm

an employee and how would one guestimate if they would qualify? Looking into this option this year.


Home office deduction
No, but unreimbursed work-related expenses may be deduced on Schedule A.
nix the home office deduction
If you plan on selling your house later on. The deductions you claimed in previous years will be lost when you try to sell. So, if you were planning on selling for $150,000, but you claimed $500 a year in home-office deductions, per year, over ten years, that's $5000 you'll lose out at the end.
Rephrase Deduction Question
I am considered an at-home employee.  Not an IC or statutory.  I have no itemized expenses to carry forward on the 1040.   I take the standard deduction because don't have enough to itemize.  My CPA says because of that, I cannot deduct my MT expenses.  It does not seem quite fair.  Has anybody else had this problem?
get an accountant -- you can take off their fee as a tax deduction and to me, it's worth it to ma
sure my taxes go in quarterly and correctly so that I don't get slammed at the end of the year!
Home Office Deduction
I rent my apartment. I have a home office, which is a room used soley for the purpose of an office, which is the restriction, cannot be part of living room, etc. I deduct portion of rent, all supplies, telephone, cell phone, electric, gas, and oil heat. I don't think your name has to be on the lease, just that you live there and use that room solely as an office. Also, if you travel to and from your job you can deduct mileage, oh and internet connection, which I use mainly for work. Hope that helps you.
Tax guy fee is deduction as is insurance cost if
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Home Office Deduction
I have 2 jobs, one as an employee and one as an IC. I was living in a house with a separate room for an office. I have now moved to an apartment. Will I still be able to deduct some portion of my rent and utilities if I don't have a separate office? I would still be able to deduct office supplies and a percentage of internet and cell phone charges, correct? Thanks in advance for your advice.
Another problem with home office deduction
It has to be exclusive use, so you can't take it if you use the area for other activities than strictly work. Also, I did the depreciation thing with my home and it can come back to bite you if you sell the house and make a profit. 
You need to talk to accountant. His fee is tax deduction, you will want several dedections each
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Acct fee is a tax deduction. Find a good one.
:P
yepper - automatic deduction from invoice
and was not told about it before the fact - just that the account was switching over - was sent the e-mail about "rental" after the fact - then when the foot pedal broke they wanted to charge me for the replacement. Hello? It's a RENTAL??? I still work there but am branching out. It is not the norm.
I do not agree with deduction for errors, don't do it and don't understand why other MTSO do i

family is family wheter 3 or 8 sm
i live in MA and $1200-$1400 a month is what good health insurance costs, ie $20-$40 copays.  it was just passed into law that if you live in MA you have to have medical insurance so without being self-employed, you can go right to BCBS etc and get a plan directly from the major health insurace companies, but for a family plan and a decent income bracket, forget it.  the prices are outragous.  right now my husband pays $120 a week for family plan and this is after his employer pays 30% of the total cost.  we have $20 copays, but we have a $2000 individual deductable per year with a $4000 family deductible cap.  so when my daughther needed her tonsils out, $2000 and when my son broke his arm, $2000.  someone on this board has to be able to tell you what they pay for insurance through their company as an employee.  good luck.
can you take part of the water bill under the home office deduction? (nm)
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don't need to depreciate computers anymore. take the deduction in the year purchased
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