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Run Hard Now: Q4 2020

Below are a few of the trends and uncertainties we see going on today that make the duration of this high freight rate season specifically hard to forecast. This year’s unpredictability is why, as a business owner, you should consider running hard now while freight rates are high to position yourself successfully & give you more financial flexibility in case freight rates change suddenly.

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What Would a Nationwide A.B.5 Mean for Fleets and Owner-Operators?

Assembly Bill 5 (A.B. 5) is a California law that restricts businesses from classifying workers as independent contractors rather than employees. These stricter employee classification laws, especially those at the state level, have momentum, and federal changes could be on the horizon depending on the results of the election. This means your fleet should prepare for the possibility of A.B. 5-type legislation becoming the law of the land.

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Tax Moves for Truckers to Make Before Year End

2020 is almost over which means it’s time to make sure you have minimized your tax bill for the year. There are many things you can begin doing now to make filing your tax return as easy as possible and reduce the amount you owe. Let’s take a look at a few of the most important tax moves to make before 2020 comes to an end.

 

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Winterizing Your Truck: A Step-By-Step Plan

Actively taking steps to prepare your truck for winter is crucial for keeping your costs down, and staying safe in the cold, snowy months. Follow these guidelines and get your truck ready - winter is just around the corner!

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The Best and Worst States for Outbound Freight

As a truck driver, you want to always be pulling a load. This means that after you deliver a shipment, you want to be loading up a new load that same day and bringing it back home.

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Tax Resolution for Truck Drivers

What should you do if you are behind with the IRS? You may hear all kinds of advice out there, but the reality is that much of what you hear is either incorrect, misguided, or not appropriate for owner-operators in the trucking industry. If you’re a trucker who needs help with tax resolution, then we recommend following ATBS’ Proven Path to getting out of debt with the IRS. Let us show you how!

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CPAs: Is Local Really Better?

Let’s talk about the differences between ATBS and your typical Local CPA or Tax Professional, and we’ll highlight some reasons why we really, truly, believe that ATBS is the best possible option for every single owner-operator’s tax needs.

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5 Common Mistakes CPAs Make with your Business Structure

At ATBS, we speak to owner-operators who paid the price for bad advice about setting up an entity for their business nearly every day. Today, we’re going to highlight some of the most common mistakes CPAs make for their owner-operator clients and how those mistakes can hurt a driver’s business and income.

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Everything You Need to Know About Chain Laws

The weather is beginning to get a little cooler across the United States and some of the higher elevations are beginning to see snow. That means it’s time to freshen up on the chain laws in the states that you regularly run.

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