ATBS

Tax-time resources from ATBS

With the April 15 annual federal tax filing deadline just around the corner, the owner-operator tax specialists with ATBS have embarked on a new series as of the end of February, pledging to dig into a new tax-related topic every Tuesday until tax day.

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Owner-operators trend optimistic about business in 2017

We can take the optimism expressed in these results with a crunchy-good grain of road salt or sand, but for the first time in the few years, a majority of owner-operators think this coming year will be better than the last. Recent indicators agree...

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ATBS expands biz services offerings

The company’s new package, called RumbleStrip Essentials, offers tax consulting, state and federal tax returns, quarterly tax estimates, tax reconciliation, profit and loss statements, monthly bookkeeping and access to a secure online document portal.

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Partners in Business podcast: Getting started as an owner-operator

This Overdrive Radio podcast covers the first four chapters from the 2017 Partners in Business manual -- from making the transition to self-employment, choosing a financial services partner, creating a strong business plan and establishing your bookkeeping.

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Owner-operator 2016 income stable, even with downturn

Owner-operator miles and earnings have been steady this year, according to ATBS. Based on clients’ third quarter, annualized net income would top $61,000.

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Keeping the small fleet ‘family’ happy: Pay, equipment, home time

Small-fleet owners use good pay, equipment and home time to attract loyal drivers. They say those are the bedrocks of retention, the top employment issue named in a recent Overdrive survey.

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Prediction: Rates will jump with ELD transition

"We're going to have a truck shortage when this ELD rule gets put into effect," said ATBS' Todd Amen said during his Partners in Business GATS presentation. "Essentially it's like taking 200,000 to 300,000 trucks off the road." Here's how much he sees rates jumping.

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2015 income: Owner-ops break $60K for first time, adding miles as slow-freight pressures mount

For the first in the 13 years ATBS has been tracking income data, owner-operator clients broke $60,000 in net income in 2015. The 2015 $61,167 income figure is computed as an average among all segments.

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Owner-operators’ decade of ‘working less and making more’

Looking at miles, revenue, income, maintenance costs and more, owner-operators worked longer but made less in recent years.

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IRS to allow higher per diem for meal expenses for owner-ops starting Oct. 1

Truck operators starting Oct. 1 will be able to deduct up to $4 more a day from their yearly income for meal expenses. A change in IRS rules that goes into effect that day raises truckers’ per diem meal expense rates to $63 a day, up from the current $59 mark.

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