ATBS

Tax reform means annual savings of $2,000 or more for owner-operators

A new deduction allowed for owner-operator businesses, as well as a few other reforms instituted by the tax overhaul, will mean annual savings of $2,000 or more for many owner-operators. Some could see annual savings as high as $7,000.

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Flatbed operators prospering as economy rebounds

Through September, flatbedder clients of ATBS had net income of $51,602. Even though miles driven did not change much during the first three quarters, net income per mile rose dramatically each quarter, indicating rapidly rising rates: 67.3 cents per mile, 74.7 cpm and 81.7 cpm.

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Video: ATBS forecasts higher owner-operator income

Amen revisited his forecasts from last year and made some new ones during an Overdrive Partners in Business seminar at the Great American Trucking Show in Dallas last month.

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Get owner-operator tips during Partners in Business seminars at GATS

Seminar attendance will also include a free PIB manual, a $20 value that includes a variety of practical financial tips, tax and equipment management strategies and more.

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Projected savings from hydrogen-powered electric drive

It wasn’t just for their novelty that announcements of the Nikola One hydrogen fuel cell-powered electric-drive truck turned more than a few owner-operators’ heads last year. It was the promise of an operating cost benefit that took diesel-price volatility out of the equation.

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Partners in Business tip: Have a fixed residence

Run a single-truck business? You need to report a fixed residence. Here's why.

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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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In the per-diem weeds with company drivers

In which a reader asks a question about treatment of the standard per-diem deduction depending on how the carrier treats a standard reimbursement -- after-tax or pre-tax. Mike Calahan of ATBS provides the answer.

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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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