Trucker CFO Blog

As we begin the countdown to the end of the year and we start to look ahead to what tax professionals call “tax season,” we wanted to take some time to discuss Tax Resolution. Throughout the year, we receive calls at the Trucker CFO from owner-operators and independent contractors asking us about issues with outstanding tax debts.

If you are an owner-operator or independent contractor, the Internal Revenue Service delivered some good news in September. The federal government is increasing the per diem allowance from the current $66 per day to $69 per day. The increase in the allowance in per diem for days spent traveling away from home is effective beginning…

In the game of “Would You Rather?” few people would rather be audited by the IRS than suffer a different unpleasant fate. And who can blame them? The IRS is scary. But when you have the Trucker CFO on your side, you won’t have to worry…

Recently, we talked about the importance of having a plan before jumping into the owner-operator’s seat. Today, we’re going to dive in a little bit deeper about getting your CDL and a few things you need to take into consideration when doing your research. Not all operations are going to require you to have that CDL,…

As Christmas Day arrives, our entire team at the Trucker CFO would like to send our best wishes for a wonderful holiday season to everyone working in the trucking industry. While we are quite aware that trucking is a 24/7, 365 business and the industry serves as the wheels of the American economy, it is our sincere hope that everyone who is able to do so can spend part of the Christmas season with your family.

Thanksgiving is a Time to Shine a Grateful Spotlight on America’s TruckersBy Colton Lawrence, President & CEOEquinox Owner-Operator SolutionsAs Thanksgiving arrives, I would like to share a message of deep gratitude and appreciation on behalf of our team at Trucker CFO for the men and women who earn their living as professional drivers. When it…

All too often, truckers who make the transition from being an employee to an owner-operator are not as informed as they need to be about the tax laws that govern the industry. This lack of knowledge can, unfortunately, create major headaches for truckers. Find out from the professionals at the Trucker CFO — a provider…

The year is quickly coming to an end.  For you Owner Operators and Independent Contractors, the time to settle up with Uncle Sam will be here before you know it.  The recently passed Tax Cuts and Jobs Act results in significant changes to tax law.  For most of you, this new legislation will result in…