If you thought owner-operators and exotic dancers had nothing in common, think again. A recent $13 million case settlement reveals independent contractor classification issues similar in scope.
If you want to avoid the most common mistakes I see with owner-operator tax returns, you need to get involved in checking the major numbers your tax preparer is using.
Carriers test the waters with new owner-operator models to dodge worker classification problems.
PIB TIP: FIXED AND VARIABLE COSTS. A fixed cost is determined and does not change from month to month. Any expense related to time, such as a tractor payment, insurance payment, permit and license fees, ...
PIB TIP: COSTS VARY MONTHLY. If you drive 9,600 miles one month and 10,000 miles the next, you’ll have two sets of costs for each month. If your monthly tractor payment is $1,850 and you ...
Sign up to get Overdrive's daily newsletter.