ATBS

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’

What’s changed about trucking since 2003? All manner of things, from the emissions systems put on engines to all manner of regulatory overload. There’s also been no shortage of change in the balance of miles and money that drives owner-operator businesses. Because of its role as a financial services provider for thousands of owner-operators, ATBS has lots of interesting data to precisely document that evolution. In this video excerpt from his presentation at the Partners in Business ...

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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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When to take a vacation and other insights from trucking data

Smart owner-operators know they “have to hit it hard” from March through November, said ATBS Vice President Richard DeForest at the Overdrive Partners in Business seminar.

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A final chance to dodge the Obamacare tax penalty

The federally facilitated health insurance marketplaces are reopening for enrollment through April 30.

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ELD mandate: Independents’ final straw?

An Overdrive survey shows between 50 and 70 percent of respondents threatening to exit the industry over the electronic-log mandate -- the highest percentages are among independents/small fleets.

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Taxing our patience — in more ways than one

Weather, taxes... "Mother Nature must have forgotten a few deductions this year, as she seems very angry and wrathful..."

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ATBS tax-savings webinar 3/6

The webinar is focused on strategies to minimize your tax liability and will be held 4-5 p.m. EST. You can reserve your space via links you'll find here.

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ATBS tax ebook available

With chapters devoted to tax liabilities, deductions, key credits, successful bookkeeping practices and some alternative tax strategies, ATBS' new ebook focuses on how owner-operators can pay less in taxes.

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