If you've ever wondered how to become a Medical Interpreter then you’re in the right place. Welcome to part 4 of the 4 part series on How To Become a Medical Interpreter.
Once you’re done reading this, you’ll know exactly what steps to take if you want to grow your own Freelance Interpreting business from marketing to taxes.
Marketing your Freelance Interpreting Business
If it's in your interest to take the freelance route, what you must first do is start
marketing, below are some basic recommendations to get the ball rolling.
Prepare a small, high-quality brochure that includes a list of your key points:
• Language certifications
• Mother language plus language pairs
• Subject areas
• Extra skills such as interpreting, voice-overs, or desktop publishing
• Professional memberships
• Recommendations from current or past clients (if available)
• Contact information.
Modify your cover letter for each pitch to fit the company or institute that you
would like to work with.
If you don't know the name of the person buying interpretations at any target
client, call and get the name of the translation coordinator.
Generally a good printed pitch will be tucked in a drawer and referred to later
when the company has a need.
Make yourself known by joining interpreting associations. Most prominent in
the United States is the nationally renown International Medical Interpreters
Members can advertise their services in two different directories and become
certified in some language pairs.
Membership in a top interpretation association will help validate your
professionalism and is a good credential to have.
Contact interpreting companies in your state or around the country to ask for work.
Getting jobs through interpreting companies means you don't have to spend
time looking for work, but can spend your time doing interpretations and
Go digital. Set up your own Website. Do social networking. Try interpreting
A Web presence can be working for you while you're doing interpretations.
The U.S. Department of Commerce helps companies and states run trade
missions and know what companies are selling abroad.
Call your local office to see if they know of anyone that needs translation work.
If you network with people whose careers are in foreign languages, including
those in international business, translation and language instruction, you may
get tips or spillover work.
Taxes and other small business requirements
Disclaimer: We are not the appropriate firm for providing you information in regards to tax law and the like.
As such, we do not take any responsibility for what you choose to do with the information provided, we
recommended that you go to the appropriate institutes when making such decisions.
Small business owners must pay tax on their profits for the year. However,
if you own a small business, the Internal Revenue Service allows you to take
certain itemized deductions to compensate you for business expenses.
Taking such deductions lowers your business's taxable profit and decreases
the amount of tax you owe to the IRS at the end of the year.
You can typically deduct transportation costs, meals, lodging, the use of your
personal vehicle and other related expenses incurred during travel for business
However, if you travel for business reasons and your family accompanies you,
you can't deduct their expenses.
You can deduct travel and other moving expenses if you move more than
50 miles from your previous home because of your business.
If you own a small business, you can deduct the cost of business-related
purchases from your profit. Deductible purchases include software, hardware,
the cost of business entertaining, office supplies, utilities and repairs.
To deduct the cost of software, you must typically depreciate it over a
three-year period unless it will be obsolete in less than a year or it comes as
part of a computer hardware and software bundle.
You must depreciate hardware purchases over five years unless you purchase
a complete computer system that costs less than $18,000.
To deduct business-entertaining costs, the event must relate to the
business, such as a business meeting, or it must take place directly before
or after an event that relates to the business.
If you own or operate vehicles for business purposes, you can deduct
automobile expenses from your profit.
To claim this deduction, either you can deduct a flat rate for every mile of
business travel or you can deduct the exact amount of vehicle expenses
you paid during the year.
If you use your vehicle for both personal and business purposes, you can
deduct only the portion of expenses that related to business use.
Home Office Deduction
If you have an office in your home, you can deduct the expenses related to
maintaining that space.
To qualify for this deduction, you must use your home office exclusively for
To claim this deduction, you must also determine the exact percentage of
space in your home that accounts for your home office.
You can deduct this percentage off of each allowable expense which include
utilities, insurance, rent, repairs, depreciation, security system costs, real estate
taxes, mortgage insurance premiums, casualty losses and mortgage interest.
You may also be able to deduct interest you paid on purchases you
financed for your small business; advertising and promotional expenses;
excise and fuel taxes; property taxes; expenses related to the assessment
of business property for repair or maintenance; charitable contributions;
legal fees; and educational expenses.
You may also be able to deduct the costs related to starting your business
over a period of five years.
Am I Required to File a Form 1099 or Other Information Return?
If you made or received a payment during the calendar year as a
small business or self-employed (individual), you are most likely required to
file an information return to the IRS.
This is applicable to specific and limited reporting requirements.
Received a Payment and Other Reporting Situations
If, as part of your trade or business, you received any of the following
types of payments, use the link to be directed to information on filing the
appropriate information return.
● You made direct sales of at least $5,000 of consumer products
to a buyer for resale anywhere other than a permanent retail
Not Required to File Information Returns
You are not required to file information return(s) if any of the following
● You are not engaged in a trade or business.
● You are engaged in a trade or business and
○ The payment was made to another business that is
incorporated, but was not for medical or legal services or
○ The sum of all payments made to the person or unincorporated
business is less than $600 in one tax year
With this, I conclude the 4 part series on How to Become a Medical Interpreter!
I hope it was helpful and beneficial to launching your career as a Medical
Interpreter and earning a living doing what you love.
If you would like to learn more schedule a discovery call today!