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Tag: taxes
Business
IRS meals deductions change doesn't apply to truckers' per diem
ATBS clarifies deductibility of per diem in light of recent IRS meals shift. Love's companies and Cargill's new 50/50 joint venture to produce and market renewable diesel. Driver recognized as Highway Angel for helping locate missing elderly man.
April 22, 2021
Partners in Business
Partners in Business tip: Save every receipt, no matter how small
Take advantage of all your business expenses by collecting your receipts no matter how small they might be. Get more details right here on Overdrive Online.
April 8, 2021
Partners in Business
Big-ticket repairs, replacements, rebuilds: To depreciate or not to depreciate?
Equipment improvements present a variety of options as it relates to tax strategy around expensing and depreciation. Depending on your income situation, you could be well served by spreading deductions over years.
February 4, 2021
Business
Volatile 2020 puts spotlight on owner-operatorsâ year-end tax timing decisions
Your 2020 tax liability: Discover what's to know about timing issues regarding expenses, depreciation and more as the volatile 2020 tax year comes to an end.
December 8, 2020
Overdrive Extra
6 tasks to assess 2020 and set biz priorities for 2021
Did your owner-operator business hit its goals for 2020? What can you do to adjust for 2021? Check out these 6 steps for assessing your business on Overdrive.
December 3, 2020
Partners in Business
Truck purchasing, depreciation and taxes: Keep emotions out of it
Overdrive Extra contributor Gary Buchs discusses with Kevin Rutherford how emotions can lead to irrational decision-making. Check out the video on Overdrive.
November 4, 2020
Overdrive Extra
This bill is hard to predict, easy to ignore, but always comes due
If you let taxes be a psychological manipulator, they'll interfere with logical decision-making. Learn how to improve your business outcomes here on Overdrive.
October 26, 2020
Partners in Business
Compete with cut-rate carriers by âhauling value,â knowing your numbers, calculating decisions
From 2020's Overdrive's GATS Week last August, owner-operator trucking business coaches Kevin Rutherford and Gary Buchs discussed cost-cutting, key numbers, buying new v. used and more in this session.
August 26, 2020
Business
IRS list of highway tax 2290 e-file providers flooded with apparent shell companies
Almost half of the companies on the IRS' list of 2290 e-filing services appear to be little more than web pages linked by a shared backend. How that happened.
August 7, 2020
Channel 19
An artistic take on giving back: Hand-sketched customer truck renderings
By way of the Express Truck Tax 2290 tax-filing service, you can get the opportunity to get an artist's-sketch treatment of your truck by doing just this.
August 4, 2020
Business
Association urges Congress suspend use tax to provide equitable relief
OOIDA sent a letter to Congress proposing a suspension of the Heavy Vehicle Use Tax for the next year. Longtime trucking radio host âMidnight Cowboyâ Bill Mack passed away. The U.S. 51 Ohio River bridge between Cairo, Illinois, and Wickliffe, Kentucky, is closed through August.
August 3, 2020
Business
Large truck stop chain requiring customers to wear masks beginning July 29
One of the nationâs largest truck stop chains will require customers to wear masks beginning July 29. Pilot has named a new CEO that will take over the role in January. Form 1099-NEC is replacing 1099-MISC as the principal reporting form used by carriers paying independent contractors from 2020 forward.
July 21, 2020
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