The Importance of Having a Plan
If you’re thinking of becoming an owner-operator, it’s extremely important to know what you’re getting into and make sure you start off in the right direction. Over the years, we’ve seen too many good people sign bad contracts, make uninformed decisions, or lose money because they didn’t know how to run a small business. We…
Colton Lawrence Takes An Initial Look At The COVID 2 Bill & What It Means For Truckers
The latest round of stimulus and economic recovery funding to help address the impact of the COVID-19 global pandemic was passed by the House and Senate on the night of December 21, 2020. Colton Lawrence, the Trucker CFO, began pouring over the details of the legislation as they became available in preparation for a special edition of the Trucker CFO Podcast…
Considerations for Choosing a Business Entity
In this podcast episode, Trucker CFO Colton Lawrence talks about how to determine whether you should form an LLC or S-Corp and how the business entity you choose impacts your career as an owner-operator…
Valuable Tips For Anyone Looking at Becoming An Owner-Operator
In this podcast episode, Trucker CFO Colton Lawrence will be examining the numerous considerations that should be reviewed by anyone thinking about becoming an owner-operator within today’s trucking industry. The list of topics Colton will be covering includes looking at driving over the road vs. a local operation, determining the type of equipment to fit the work you’ll be doing as well as the key considerations when it comes to buying equipment vs. utilizing a lease-purchase.
2020 Election Discussion Podcast
During this edition of the podcast, Trucker CFO Colton Lawrence makes a non-partisan trip into the political arena by examining how this November’s elections could potentially impact owner-operators, independent contractors and the trucking industry at large. PodWheels Executive Producer Greg Thompson interviewed Colton in late September, just prior to the first Presidential debate
Government Issues Guidance On PPP
Did your trucking business secure a loan through the Paycheck Protection Program (PPP) as part of the CARES Act that was signed into law in March? If your company was among the trucking businesses that was able to obtain a PPP loan, you will want to hear this edition of the Trucker CFO Podcast. In May, the government provided some additional guidance regarding tax issues as well as loan forgiveness related to the PPP. Colton Lawrence, the Trucker CFO, and his team have been closely tracking all topics related to the CARES Act…
SBA Loans Available Through CARES Act & What It Could Mean For Owner-Ops, ICs & Small Trucking Businesses
Trucker CFO Colton Lawrence discusses the loans and grants that are available through the Small Business Administration as part of the CARES Act, the $2.2-trillion-dollar COVID-19 relief package signed into law in March. As you’ll hear in this podcast, the CARES Act has made $350 billion available in loans and grants to small businesses.
Examining The COVID-19 Cares Act
The COVID-19 National Emergency has impacted our world, our nation, and the trucking industry in a seemingly countless number of ways. As part of our dedication to service, the Trucker CFO is working to help owner-operators, independent contractors, and small trucking businesses in your efforts to navigate these challenging times by studying the financial assistance programs available from the government…
Episode 3: COVID-19 & Possible Impact On Tax Filing Deadlines
In a special edition of the podcast, Trucker CFO Colton Lawrence talks to PodWheels on what’s happening with tax filing deadlines and other considerations in the wake of the COVID-19 National Emergency. PodWheels Executive Producer Greg Thompson interviewed Colton on March 16, 2020.
Episode 2: Answering Frequently Asked Questions That Come Up During Tax Season
In the second episode of our podcast series, Trucker CFO Colton Lawrence joins PodWheels Executive Producer Greg Thompson for a round of frequently asked questions. As you will hear, these are among the FAQs that Colton and his team at the Trucker CFO receive during tax season…
Episode 1: Introducing Our Series & Discussing The Value of Being Proactive On Tax Planning
In this debut edition of our podcast series, Colton Lawrence, the Trucker CFO. joins PodWheels Executive Producer Greg Thompson to provide an overview of the Trucker CFO Podcast. In addition, Colton and Greg also discuss what owner-operators and independent contractors should be addressing early in the year related to paying estimated taxes…
Tax Reform Equals More Money in Your Pocket
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…