The heavy vehicle use tax (HVUT) can be a significant expense for many, but did you know that some vehicles might be exempt? This federal tax, aimed at maintaining the quality of our nation’s public highways, is applied to heavy vehicles over a certain weight to compensate for the wear and tear they cause. However,…

As an owner operator, staying on top of tax laws and regulations while maintaining a business can be exhausting, especially when you’re doing it by yourself. There are a lot of owner operator taxes and regulations that you have to keep track of, like claiming deductions, reporting your income, and calculating self-employment tax. All of…

For both the new and the experienced truck driver, buying a new semi truck can be an intense, nerve-wracking experience. While the freedom of owning your own vehicle is exciting, there can be a lot of bureaucratic hoops to jump through, both before and after purchasing. While it may not be glamorous, all of the…

Any trucker worth their road salt knows that it’s vital that you stay compliant with Department of Transportation (DOT) regulations in order to avoid potential fines, penalties, or any other consequences in the event of an audit or in a legal action. Should you have any areas of noncompliance, the first place they’ll surface is…

As the owner of a trucking company or an owner-operator, does it ever feel like you’re scrambling to stay on top of new tax laws for truck drivers? You’re not alone. Keeping up with the constantly changing tax landscape can feel like an uphill battle. With new regulations popping up left and right and old…

Driving your own truck can be a great next step in your career; you get to set your own hours, you can make more money, you choose your copilot (perhaps a furry friend), and you’re able to make whatever upgrades to your vehicle you choose (like a new stereo, for instance). Overall, owning your own…