Thinking about doing more locums work whilst keeping my FT benefited job and wondering about experiences between being a 1099 and having an LLC/S-corp. Seems like the people who do this FT definitely have their own company, which makes sense, but wondering how the part-timers choose to manage it.
Along those same lines, when lining up a locums or contracting gig, ever had any push back about being paid through your company rather than directly? Does it make any difference to the placement company's bottom line?
For those that do have an LLC/S-corp, at what point did you set one up with regard to how much contract work you were doing? By that I mean, is it worth it if you're only contracting 40 hours a month? At what point is it requisite?
All input welcome...
I just accepted a new position as a 1099 independent contractor for a home-visit practice where I earn about $50/visit. I will be mostly mobile, traveling to private residences, ALF's, nursing homes, etc.
My question is what are some of the things I need to keep track of for the 2018 year? I have researched online and found many things that independent contractors can use for tax deductions, but nothing specific for medical providers and physician assistants, in particular. Some of the obvious ones to me are:
1. Car Mileage - I plan on keeping record of every route I take at work
2. Supplies - things that the practice may not provide for that I would need for work
3. CME - i'm assuming any type of conferences I plan on doing this year
I have a credit card designated for these purchases. Things I am unsure about:
A. Gas for car - I plan on keeping track of when I fill up; does this count?
B. Car payment - one of my cars is paid off, my other one (which I won't be using majority of the time) still has payments on it but my wife drives it. Can I write these payments off as an expense?
C. Meals at work - there will be times where I will be eating on the go; I will have a Medical Assistant and I'm assuming we will be discussing [some] work at our lunch. Can I deduct this as an expense?
D. Licensing/Professional Organizations - Do these payments count towards deductions? What about a DEA license?
Any other things that I have not thought of? I'm new to the 1099 game but I kind of like the idea. Also, my wife is a W2 employee, does that complicate things?
I currently work locum tenens with CompHealth. I am a W2 employee and receive benefits, including health insurance, through them. I would like to branch out and work with other companies as an independent contractor, but I am absolutely bewildered by obtaining health insurance on my own. From what I've researched, 'Obamacare' is linked to the states. I am a resident of Texas, so I can't imagine how it does me any good to only be able to see providers in Texas when I'm on assignment in Arizona! Do people who take this option count on just seeing their PCP when they are home and otherwise use their health insurance for emergency only while they are on assignment? Are there plans that aren't state-linked?
Cobra is outrageous, don't suggest it.
I am not married, so spouse insurance is not an option.
What are others doing to tackle this problem? What other companies offer a health insurance option?
I am an experienced surgical PA and relocating to the southern NH area this summer. I have been looking for a Part-time (24hr/wk) surgical job. All the current job postings are full-time; Is anyone interested in job-sharing? or does anyone know of any part-time or per diem opportunities in this area? Has anyone successful set up a job share?