SUPER EXCITED!!! - massage and bodywork professionals2024-03-19T02:42:32Zhttps://massageprofessionals.com/forum/topics/super-excited?id=2887274%3ATopic%3A177728&feed=yes&xn_auth=noPerfect! Then you are well on…tag:massageprofessionals.com,2011-07-10:2887274:Comment:1861172011-07-10T19:12:53.183ZMassage Gnomehttps://massageprofessionals.com/profile/NaomiThompson
<p>Perfect! Then you are well on your way to achieving your goals. Yes the point is things will go up and down but if you are aware of them you can be prepared to handle them and move forward in spite of anything. Try different things and see what works best for you. The most important thing is don't sit and wait for things to happen to you, make them happen for you. Best Wishes Sirrea!</p>
<p>MG<br></br> <br></br> <cite>SIRREA KING-CHALUMEAU said:…</cite></p>
<p>Perfect! Then you are well on your way to achieving your goals. Yes the point is things will go up and down but if you are aware of them you can be prepared to handle them and move forward in spite of anything. Try different things and see what works best for you. The most important thing is don't sit and wait for things to happen to you, make them happen for you. Best Wishes Sirrea!</p>
<p>MG<br/> <br/>
<cite>SIRREA KING-CHALUMEAU said:</cite></p>
<blockquote cite="http://www.massageprofessionals.com/forum/topics/super-excited?commentId=2887274%3AComment%3A185410&xg_source=msg_com_forum#2887274Comment185410"><div><p>Thanks for the advice everyone :0) the main thing I got from everyone is my success is all in my hands lol get it (nerd moment) I have to do the foot work to get my name out there and focus on building my skills. Luckily for my family has a accountant so I already talked to him all he want me to is give every single client a receipt and keep my personal receipts and he will handle everything quarterly for me! Not to mention one of my best friend is a accountant so im pretty much covered in that area i just need to focus on my hands and techniques!</p>
<p> </p>
<p>Thanks everyone HAPPY MASSAGING </p>
</div>
</blockquote> Hi MG,
It occurred to me a…tag:massageprofessionals.com,2011-07-10:2887274:Comment:1860122011-07-10T14:56:23.396ZLee Edelberghttps://massageprofessionals.com/profile/LeeEdelberg
<p>Hi MG,</p>
<p> </p>
<p>It occurred to me after I posted that maybe you have incorporated your business,or something else like that, which might have different rules. My biz has always been a sole proprietorship, which is the simple default for someone going into business for themselves.</p>
<p> </p>
<p>cheers......Lee</p>
<p>Hi MG,</p>
<p> </p>
<p>It occurred to me after I posted that maybe you have incorporated your business,or something else like that, which might have different rules. My biz has always been a sole proprietorship, which is the simple default for someone going into business for themselves.</p>
<p> </p>
<p>cheers......Lee</p> MG,
I've been self-employed f…tag:massageprofessionals.com,2011-07-09:2887274:Comment:1859072011-07-09T21:04:56.990ZLee Edelberghttps://massageprofessionals.com/profile/LeeEdelberg
<p>MG,</p>
<p>I've been self-employed for over 25 years.......I know what the rate is. And it is 15%, plus a couple of tenths. I think you must be confusing some different tax issues, having to do maybe with retirement plans. </p>
<p> </p>
<p>Since I like to be thorough, I asked a tax accountant friend of mine about it, and his answer was that the only time the rate changes is when a business is losing money, and then that business can voluntarily pay money in based on expenses rather than on…</p>
<p>MG,</p>
<p>I've been self-employed for over 25 years.......I know what the rate is. And it is 15%, plus a couple of tenths. I think you must be confusing some different tax issues, having to do maybe with retirement plans. </p>
<p> </p>
<p>Since I like to be thorough, I asked a tax accountant friend of mine about it, and his answer was that the only time the rate changes is when a business is losing money, and then that business can voluntarily pay money in based on expenses rather than on profit. It protects a business owner by allowing them to pay into social security even when the business is in the red.</p>
<p> </p>
<p>So you might want talk to your accountant to find out what is actually happening.</p>
<p> </p>
<p>Oh, and Sirrea, good luck with your business! My apologizes for getting off topic here.</p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
<p><cite>Massage Gnome said:</cite></p>
<blockquote cite="http://www.massageprofessionals.com/forum/topics/super-excited?commentId=2887274%3AComment%3A185410&xg_source=msg_com_forum#2887274Comment183411"><div><p>Lee,</p>
<p>Just an FYI on self-employment tax if you are only paying the 15% as you say, then when it comes time for social security benefits you don't qualify for the credits. That is why my tax adviser recommended the 30% so that I am covered when I retire. </p>
<p>It sure isn't as easy as people think. It didn't help that we opened our expansion 4 months before the economy crash. We consider ourselves lucky to have made it in spite of it all.</p>
<p>MG</p>
<p><br/><cite>Hillary Kate Arrieta said:</cite></p>
<blockquote cite="http://www.massageprofessionals.com/forum/topics/super-excited?commentId=2887274%3AComment%3A183406&xg_source=msg_com_forum#2887274Comment182741"><div>Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote>
</div>
</blockquote>
</div>
</blockquote> Thanks for the advice everyon…tag:massageprofessionals.com,2011-07-09:2887274:Comment:1854102011-07-09T17:02:46.634ZSIRREA KING-CHALUMEAUhttps://massageprofessionals.com/profile/SIRREAKINGCHALUMEAU
<p>Thanks for the advice everyone :0) the main thing I got from everyone is my success is all in my hands lol get it (nerd moment) I have to do the foot work to get my name out there and focus on building my skills. Luckily for my family has a accountant so I already talked to him all he want me to is give every single client a receipt and keep my personal receipts and he will handle everything quarterly for me! Not to mention one of my best friend is a accountant so im pretty much covered in…</p>
<p>Thanks for the advice everyone :0) the main thing I got from everyone is my success is all in my hands lol get it (nerd moment) I have to do the foot work to get my name out there and focus on building my skills. Luckily for my family has a accountant so I already talked to him all he want me to is give every single client a receipt and keep my personal receipts and he will handle everything quarterly for me! Not to mention one of my best friend is a accountant so im pretty much covered in that area i just need to focus on my hands and techniques!</p>
<p> </p>
<p>Thanks everyone HAPPY MASSAGING </p> Lee,
Just an FYI on self-empl…tag:massageprofessionals.com,2011-07-05:2887274:Comment:1834112011-07-05T20:30:42.250ZMassage Gnomehttps://massageprofessionals.com/profile/NaomiThompson
<p>Lee,</p>
<p>Just an FYI on self-employment tax if you are only paying the 15% as you say, then when it comes time for social security benefits you don't qualify for the credits. That is why my tax adviser recommended the 30% so that I am covered when I retire. </p>
<p>It sure isn't as easy as people think. It didn't help that we opened our expansion 4 months before the economy crash. We consider ourselves lucky to have made it in spite of it all.</p>
<p>MG</p>
<p><br></br><cite>Hillary Kate…</cite></p>
<p>Lee,</p>
<p>Just an FYI on self-employment tax if you are only paying the 15% as you say, then when it comes time for social security benefits you don't qualify for the credits. That is why my tax adviser recommended the 30% so that I am covered when I retire. </p>
<p>It sure isn't as easy as people think. It didn't help that we opened our expansion 4 months before the economy crash. We consider ourselves lucky to have made it in spite of it all.</p>
<p>MG</p>
<p><br/><cite>Hillary Kate Arrieta said:</cite></p>
<blockquote cite="http://www.massageprofessionals.com/forum/topics/super-excited?commentId=2887274%3AComment%3A183406&xg_source=msg_com_forum#2887274Comment182741"><div>Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote>
</div>
</blockquote> Lol! It Does sound awful, doe…tag:massageprofessionals.com,2011-07-05:2887274:Comment:1827432011-07-05T19:11:56.258ZHillary Kate Arrietahttps://massageprofessionals.com/profile/HillaryKateArrieta
Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote>
Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote> Lol! It Does sound awful, doe…tag:massageprofessionals.com,2011-07-05:2887274:Comment:1827412011-07-05T19:11:54.798ZHillary Kate Arrietahttps://massageprofessionals.com/profile/HillaryKateArrieta
Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote>
Lol! It Does sound awful, doesn't it. <br/><br/><cite>Lee Edelberg said:</cite><blockquote><div><p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
</div>
</blockquote> Hi MG,
I was responding onl…tag:massageprofessionals.com,2011-07-05:2887274:Comment:1834062011-07-05T18:51:35.776ZLee Edelberghttps://massageprofessionals.com/profile/LeeEdelberg
<p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p>
<p>Hi MG,</p>
<p> </p>
<p>I was responding only to your comment about the self-employment tax and wasn't referring at all to payroll taxes.</p>
<p> </p>
<p>Sorry to hear you're having so much trouble with your business!</p>
<p> </p> Yes that is true and then you…tag:massageprofessionals.com,2011-07-05:2887274:Comment:1823312011-07-05T01:40:15.653ZMassage Gnomehttps://massageprofessionals.com/profile/NaomiThompson
<p>Yes that is true and then you have to add in the Unemplyment tax on your employee's, Workers Comp Insurance, Basic liability insurance on the building and clients just walking by or coming in the door, etc. I don't understand what you mean by the 7.5% being exempt. I have to pay it in every single month like clockwork. Perhaps you are looking at big business but a small one gets no exemptions like that. Plus, if an employee makes $15 an hour (just to use a figure) and they work 40 hours…</p>
<p>Yes that is true and then you have to add in the Unemplyment tax on your employee's, Workers Comp Insurance, Basic liability insurance on the building and clients just walking by or coming in the door, etc. I don't understand what you mean by the 7.5% being exempt. I have to pay it in every single month like clockwork. Perhaps you are looking at big business but a small one gets no exemptions like that. Plus, if an employee makes $15 an hour (just to use a figure) and they work 40 hours in a week but only do 10 hours of massage that week the employer pays out $645 for that one employee just income tax and payroll tax not putting in account the insurance and other overhead expenses like telephone, heat and such. Now the facility charges $55 per hour massage (typical where I am) then they actually lost $95 that week and didn't even get to pay bills. I made more money when I ran my business without anyone else in it. I had never had a client complain until then either. Not all people care about their profession the way that you do. I am actually a very upbeat and positive person but I have seen so many people get going thinking it is easy and then they sit there asking where are all the clients. Really look at it with an open mind and you will realize that you make about the same being self employed as you did when you worked for a place but now you have all the extra work and cleaning to do yourself. If that is what you want then great. I was merely trying to give some perspective from reality. I am also an active member of the Chamber of Commerce in my area, in fact I am an Ambassador and community leader. Sounds like you have some great people working in your area. Here none of them know what they are doing when they hit the job so you have to re-train them. We get many Dr. Referrals, I have clients who come to see me from Florida, Wisconsin, Illinois, and a few other states because they say that they cannot find a therapist who does the style I do, my clients refer their friends, co workers and the like too but the problem is they all come to see me. I can't get them to see the other employee's for a massage. </p>
<p>My muscles are so sore at the end of my 6 day work week (usually 36 hours of massage in a week) that my right hand is numb and tingling. We only get 1 or 2 people per year that apply because the school teacher owns a business outside the city line and don't have to have a license for their staff. In town we all have to have a license. MN is not yet state regulated. I have already raised my massage price to $65 an hour and keep the other practitioners low to encourage people to try them instead of me but it doesn't change. Some people will go to them one time and then come running back to me. Perhaps you have a word of advice for me on this as I have 2 kids I don't ever get to see because I am always at work. We have tried doing room rental, commissions for $30 per massage or 60% of whatever service they receive which works out to even more for them then that plus they get 100% of all their tips. They don't ever build up a clientele. I realize this post was way off topic after a bit sorry. </p> MG,
I don't believe this is t…tag:massageprofessionals.com,2011-07-04:2887274:Comment:1830072011-07-04T16:59:39.085ZLee Edelberghttps://massageprofessionals.com/profile/LeeEdelberg
<p>MG,</p>
<p>I don't believe this is true.</p>
<p>The self-employment (social security) tax rate is around 15%. An employee receiving a wage pays 1/2 that, so while it hurts to pay the SE tax, it is only about 7-1/2% higher than what an employee pays, and even then that extra 7-1/2% is exempt from income tax.</p>
<p><br></br> <br></br> <cite>Massage Gnome said:…</cite></p>
<p>MG,</p>
<p>I don't believe this is true.</p>
<p>The self-employment (social security) tax rate is around 15%. An employee receiving a wage pays 1/2 that, so while it hurts to pay the SE tax, it is only about 7-1/2% higher than what an employee pays, and even then that extra 7-1/2% is exempt from income tax.</p>
<p><br/> <br/> <cite>Massage Gnome said:</cite></p>
<blockquote cite="http://www.massageprofessionals.com/forum/topics/super-excited?page=1&commentId=2887274%3AComment%3A182147&x=1#2887274Comment177734"><div>"When you are self employed the government will take about 30% of your wage for self employment tax....."</div>
<div><em> </em></div>
</blockquote>