Trucker CFO Blog

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…

The Trucker CFO Team wanted to share a final heads up on an important deadline that the IRS has set for this Friday, September 30, 2022…

As a trucker choosing a business entity, you have a lot to consider. You may not be familiar with all the choices, but in this blog, we will cover some of the most common options. The four most common types of business entities for owner-operators are…

For owner-operators in the trucking industry, your daily responsibilities go beyond being behind the wheel and keeping the American economy moving. When we think about it, the responsibilities involved in a career as an owner-operator merely begin with driving. One of the first lessons that owner-operators quickly learn is that you are operating a business,…

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.