Welcome to the Trucker CFO Trucking Accounting Resource Center
All the content we create is to help our trucker family navigate the complexities of running their own business. On this page, you'll find useful information about taxes, bookkeeping, getting started as an owner-operator, and strategies to help you be successful.
Featured
Straight Talk On Tax Problem Resolution
Did you know that between 10 to 15 percent of all taxpayers in the United States either owe back taxes or they have not filed their returns in previous years? If you are in one of these situations and require tax problem resolution, Trucker CFO Colton Lawrence shines a light on what can be done
Effective Tools For Managing Your Bookkeeping
In this edition of Driving Your Dollars, Trucker CFO Colton Lawrence explains the importance of having the right tools in place for effectively maintaining your bookkeeping and accounting. This is especially important for owner-operator, independent contractors and fleet owners as we enter tax season. As you’ll hear, Colton and Driving Your Dollars host Michael Burns
Trucking Tax Deductions
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
Taxes
Client Spotlight: Meet Carol And Joe Shelton
During his visit to the Expedite Expo, Trucker CFO Colton Lawrence got a chance to catch up with Joe and Carol Shelton, fleet owners who found Colton and his Trucker CFO Team to be a valuable asset to their R2R Trucking Company. During this edition of the podcast, you will hear the Sheltons share their experience and the relationship they have built with the Trucker CFO team over the years…
Exploring Considerations On The S-Corp Election
In this edition of the podcast, we’ll be focusing on the key considerations that are a part of the business entity formation process while we look in detail at the S-Corp Election. You’ll be hearing from the Trucker CFO, Colton Lawrence, Colton will also be joined on the podcast by Robert Hazen, a member of the team at the Trucker CFO…
Discussing Current Events & Managing Financial Reports
On May 27th, Trucker CFO Colton Lawrence made a guest appearance on the Dave Nemo Show. Jimmy Mac was serving as the host for this edition of the show. Colton and Jimmy took some time to discuss current events happening in…
Getting Started
What is the Best Business Entity for a Trucker?
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…
Getting Your CDL
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,…
What are the most common tax mistakes truckers make?
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…
Operations and Strategy
Maintaining Your Mental Health While On The Road
Trucker CFO Colton Lawrence served as a co-host with Jimmy Mac on a special edition of the Dave Nemo Show from the Walcott Truck Jamboree. Jimmy Mac and Colton opened the Trucker CFO portion of the show by welcoming Dr. Todd Thatcher to the program. Dr. Thatcher, a former professional driver who is now an expert on mental health, discussed the importance of maintaining your mental health while you’re on the road…
Transportation Attorney Doug Grawe Discusses Supreme Court’s Decision Not To Hear The AB5 Case
From the special RadioNemo Show at the Walcott Truck Jamboree, Jimmy Mac and Trucker CFO Colton Lawrence get the perspective of Doug Grawe, a transportation attorney, on the decision by the Supreme Court not to hear the California Trucking Association’s Challenge to California’s AB5 law…
Husband-And-Wife Team Explain How Trucker CFO Saved Them Over $20,000
Steve and Tonya, husband and wife owner-operators, join Jimmy Mac and Trucker CFO Colton Lawrence on the RadioNemo show that was broadcast live from the Walcott Truck Jamboree. Steve and Tonya share their story on how Colton and his Trucker CFO Team helped them work through a challenging situation and come out on the other side by saving over $20,000…
Bookkeeping
Client Spotlight: Meet Carol And Joe Shelton
During his visit to the Expedite Expo, Trucker CFO Colton Lawrence got a chance to catch up with Joe and Carol Shelton, fleet owners who found Colton and his Trucker CFO Team to be a valuable asset to their R2R Trucking Company. During this edition of the podcast, you will hear the Sheltons share their experience and the relationship they have built with the Trucker CFO team over the years…
Exploring Considerations On The S-Corp Election
In this edition of the podcast, we’ll be focusing on the key considerations that are a part of the business entity formation process while we look in detail at the S-Corp Election. You’ll be hearing from the Trucker CFO, Colton Lawrence, Colton will also be joined on the podcast by Robert Hazen, a member of the team at the Trucker CFO…
Importance of Properly Handling Paperwork
How important to your trucking business is properly handling paperwork? In this episode of the podcast, Colton Lawrence, the Trucker CFO, will be discussing the various considerations that come into play involving the need for handing your paperwork in the right way. As part of the discussion, Colton will be talking about accurate record-keeping…
