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Entries by Randy Hooper

How a Per Diem Program Can Help Drivers and Carriers Save in Taxes

Posted 1:00 PM by
The Tax Reform and Jobs Act (TCJA) was the most comprehensive overhaul of the tax code in our lifetime, if not ever. We are just weeks away from the first tax filing deadline for returns that are fully impacted by these law changes. One change that could drastically impact truck drivers is the inability to deduct unreimbursed business expenses. As a result of this adjustment, many carriers have implemented per diem programs as a way to get tax free dollars to drivers. Conversely, companies that have not instituted per diem programs might have disappointed drivers as we get closer to the tax filing deadline, and drivers realize that this deduction is a thing of the past.
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Tennessee Issues Nexus Guidance for Transportation Companies

Posted 5:00 AM by
Tennessee issued the Revenue Ruling #17-08, which details nexus for transportation companies. Below is a summary of this ruling and key points to be aware of as transportation activity nexus is contemplated for the 2017 tax year.
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Why Betting on Yourself May Be the Best Succession Plan

Posted 5:12 PM by
There is a chasm left in the trucking industry by the mass retirement of baby boomers – one that is struggling to be filled by the millennial generation. While this void has been felt by the entire industry as one of the contributing factors to the ongoing driver shortage, it is not the only impact the changing generation has had on transportation companies.
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