Between the self-employment status and the complexities of the trucking industry, paying taxes as an owner-operator is a unique challenge. But no challenge is beyond reach or insurmountable, especially given the right guidance and given access to the necessary tools. By understanding the key steps and tools available, owner-operators can manage their taxes effectively and…

The unique financial demands of being an independent truck driver make managing taxes a bit challenging. For starters, there’s irregular income. While a typical desk job worker can simply know what their annual salary will be and easily estimate their taxes, truckers tend to work in the “feast and famine” conditions, which make income projections…

In business, success is often a result of learning from those who have already paved the way. Much like children watch and imitate the older kids, small businesses can look to established leaders for insight. In the world of trucking, this means taking a closer look at the strategies employed by large, successful long haul…

For truckers, a truck’s weight has a direct impact on their taxes. Since they’re obliged to pay HVUT (Heavy Vehicle Use Tax), which is weight-dependent, they must complete and file Form 2290. To complete Form 2290, you have to know how much your truck weighs. Like most other mistakes with the IRS, if you incorrectly…

For truck drivers, managing finances can be as challenging as navigating the open road. With 95% of trucking businesses operating just a few trucks, administrative tasks often fall to those who likely don’t have an accounting or business degree. You don’t need a fancy degree to successfully run your trucking business, though. What you do…

In today’s driver-friendly market, it’s a great time to be an owner-operator in the trucking industry. And when it comes to work arrangements: you have options. On the one hand, you can stay independent, searching the open market for opportunities and scheduling your own freight. On the other hand, if you want a bit more…