Category: Blog
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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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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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 aw
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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
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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,
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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
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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
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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 h
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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,
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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 h
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