I have seen a bunch of articles and forums pertaining to travel nurses becoming independent contract (IC) nurses and I am afraid a lot of them may be outdated. My purpose of starting this feed is to gain information about the necessary steps needed to become and IC, advice on becoming an IC, examples of what additional contracts will be needed, and directions as to consult necessary parties to help get this new business going.
I am am currently a traveler in the cath lab setting and I know there is so much more money to be made, even monetary amounts worth the headaches that becoming an IC would entail. My tentative end goal is to eventually start my own travel nurse agency but I wanted to get the ropes of being an independent contract nurse down before making that transition. Thank you for all of the advice to come!
searching for my screen name and "independent nurses FAQ" should locate it.
From my first post in this thread. It is not cool to link a business competitor to Allnurses, but a simple Google search should find it. But the reality from simply reading this thread, is that the dream is really to start your own agency of one. "IC nurse" is simply confusing and not how you want to represent yourself. You are a traveler being placed by an agency (no one needs to know you own the agency) just like every other traveler.
Would you be able to shed more light on how you file taxes. For example, now going through my agency, I make over 5K a month in tax-free stipends. Is there a certain amount of profit you are legally allowed to a lot for tax-free housing stipends? Or are you simply charging an overall higher hourly rate and then paying a flat rate tax fee off of that (not allowing for tax free stipends)? My concern with that, is not only being taxed on that additional income, but being pushed up into a much higher tax bracket and being taxed even further. Thanks a million!
Sorry, not following. Are you getting paid stipends via another agency? Or are you billing per hour via your own agency and paying yourself stipends from the revenue received?
NedRN
1 Article; 5,785 Posts
From my first post in this thread. It is not cool to link a business competitor to Allnurses, but a simple Google search should find it. But the reality from simply reading this thread, is that the dream is really to start your own agency of one. "IC nurse" is simply confusing and not how you want to represent yourself. You are a traveler being placed by an agency (no one needs to know you own the agency) just like every other traveler.