Category: General

If you’re an owner-operator in the trucking field, it’s crucial to understand how taxes work. There are many tax deductions you can benefit from as a truck driver, but you also need to pay additional taxes and stick to certain reporting requirements. This overview will walk you through the basics. Write-Offs As an owner-operator, you need to know what you can and can’t write off. If you don’t know all the rules, you could be missing out on common tax savings for truck drivers. And if you’re hiring an accountant, you may not save the necessary receipts and will need…

Like every industry, trucking has been impacted by the COVID-19 pandemic. Truck drivers are on the front lines, and they’ve had to risk their health to deliver essential supplies across the country. Fortunately, new technologies are helping fleets and truckers stay safe and keep their jobs during the pandemic. How Has COVID-19 Challenged the Trucking Industry? Some logistics and hauling companies have seen challenges to their revenues as supply chains get disrupted. There’s been less demand for certain products, reducing trucking jobs in certain sectors of the field. However, trucking jobs are still on the rise as a whole. Additionally,…

Whether you’re working toward a commercial driver’s license (CDL) or recently became a truck driver, you’ll need to decide between being a company driver and an owner operator. Each option has its own advantages and perks. This guide will help you determine which is best for you. Company Driver As a company driver, you’ll operate a truck owned by the employer. In most cases, you’ll be paid by the mile and receive benefits, such as medical and dental insurance. However, if you operate a vehicle locally, the pay will usually be by the hour. This is because you won’t drive…

The COVID-19 pandemic has impacted nearly every industry, including trucking. Truckers have put themselves on the front lines, helping America get through a crisis. If you’re thinking about joining the industry, it’s important to understand how the pandemic and other crises can affect truck drivers. Here’s what you should know. How COVID-19 Has Impacted Trucking From the start of the pandemic, truckers have been a core element of America’s response to COVID-19. For example, transportation companies have been responsible for shipping water, food, PPE equipment, and medical supplies to areas with a lot of cases, including New York, South Dakota,…

As a truck driver or student looking to get a commercial driver’s license, or CDL, understanding per diem pay is crucial. It’ll help you maximize your tax benefits, save money, and improve your finances long-term. Here’s what you need to know. What Is Per Diem Pay?   Per diem is Latin for per day, and it refers to a daily allowance for expenses you can be reimbursed for. There are regulations around what can be included, but some common costs include meals and incidental expenses. When reading about per diem pay, keep in mind that many of the regulations were changed…