Trucker CFO Blog

If you’ve heard about the trucking spot market and wondered what it’s all about, this blog is for you. We’re going to talk about some important things that help you understand the market better. Let’s break it down into simple terms. What is the Tender Rejection Rate? Imagine you get an offer to carry a…

In the logistics and transportation industry, understanding the types of fuel used for different purposes is critical. Tractor fuel vs. reefer fuel, while both diesel, serve distinct functions and are not interchangeable. Using the incorrect type can have serious implications, especially if reefer fuel is used in an on-highway vehicle. Here’s what you need to…

The IRS Fresh Start Program has been a lifeline for countless taxpayers struggling with tax debt. While it may sound like a beacon of hope, it’s essential to understand that this program isn’t a magic wand that wipes away your tax troubles. In this blog, we’ll dive into the details of the Program, highlighting its…

Keeping What You Earn Everyone wants to keep as much of their hard-earned money as possible, but taxes can make that a challenge. Knowing the basics and staying up to date on tax withholding regulations can help you put more money in your pocket. In this blog post, we’ll delve into the questions surrounding tax…

If you’re a truck driver or a fleet owner operating as an independent contractor, you are most likely familiar with the 1099 payment structure. As a self-employed individual, you are subject to the self-employment tax, which can eat up a significant portion of your earnings. Therefore, it is no wonder why many truck drivers and…

At Trucker CFO, we stress the importance of developing a plan for your business and strategies that will help you in achieving your goals. Many of the same principles that apply to operating a profitable small business also apply to successfully managing your personal finances. The bottom line with managing a business or managing a…

Avoid a Costly Surprise Don’t let the Q1 estimated tax deadline for 2023 surprise you. The deadline for making your Q1 estimated tax payment is April 18, 2023. One of the reasons that payment of Q1 estimated taxes can become overlooked or forgotten is that April 18 is also the filing deadline for your personal…

Is It Tax Deductible or Not?As we move into tax season, one of the major topics the Trucker CFO team gets asked about is trucking tax deductions and whether different things are deductible or not. In our experience, we have found that the best way to start the conversation about being deductible or not begins…

All politics is local…This often-heard phrase was first shared 90 years ago. It is originally credited to two political writers of that era, Associated Press Washington Bureau Chief Byron Price and Finley Peter Dunne, a Chicago-based journalist and author. While our country and the world have gone through enormous changes since 1932, a strong case…

By Colton Lawrence The Trucker CFO Health insurance is a major expense, and the cost of healthcare is one of those price variables that can impact your expense budget both in your business and at home. Having health insurance coverage is a key component in the effort to mitigate these costs – especially when it…