Category: Blog
Filing your tax return without all the proper documentation, such as a missing W-2, 1099, or income statement, can lead to serious consequences. At Trucker CFO, we help independent contractors, company drivers, and smal
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Tariffs often spark controversy across industries, and the trucking sector is no exception. While many focus on the immediate disruptions and rising costs, tariffs—especially those implemented during the Trump adminis
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Understanding Social Security for Trucking Business Owners
As a trucking business owner, Social Security strategy might seem like a distant concern, but the financial choices you make today can significantly impact y
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Altering financial records in a bid to secure a mortgage may appear tempting, but it comes with significant legal risks. Intentionally modifying or falsifying documents, such as bank statements and pay stubs, for mortga
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As a small business owner in the trucking industry, staying on top of your finances is crucial. However, dealing with IRS notices can be daunting and stressful. At Trucker CFO, we specialize in providing accounting, tax
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As a small business owner, you're likely familiar with the concept of reasonable compensation for yourself as an S-Corporation owner. But what exactly does reasonable compensation entail, and why is it essential for S-C
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As a small business owner in the trucking industry, you know the importance of staying on top of your taxes. However, what happens if you suddenly discover a fraudulent tax return has been filed in your name? Dealing wi
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As the backbone of the American economy, small trucking businesses face unique challenges, especially in light of recent legislative changes. The IRS Funding Boost, part of the broader IRS Funding Act, aims to enhance t
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Navigating the maze of paying taxes online can often seem daunting. Whether you're an individual trying to manage estimated taxes or a business owner looking to settle your annual Form 1040, the complexity can be intimi
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As valued clients of Trucker CFO, it is crucial for you to stay updated on regulatory changes that may impact your trucking business. One important update to be aware of is the Beneficial Ownership Information (BOI) rep
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