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Entries by Troy Hogan

Additional Ways Tax Reform Will Impact the Transportation Industry

Posted 12:30 PM by
When the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, companies in all industries braced themselves for impending changes. The key take away of the TCJA is lower tax rates for both businesses and individuals. However, the impacts of this new tax law are extensive and have left many taxpayers wondering how they will be affected. For the transportation industry, guidelines are continuing to emerge. In addition to the key provisions that were highlighted in our earlier analysis, Top Three Things to Know About How Tax Reform Impacts Your Trucking Company, the following changes will likely affect most trucking companies.
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IRS Updates Transportation Industry Per Diem Rates

Posted 12:00 PM by
The Internal Revenue Service issued Notice 2018-77, updating the special per diem rates under tax code Section 274(d), which is used to substantiate the amount of ordinary and necessary business expenses incurred while traveling away from home.
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Top Three Things to Know About How Tax Reform Impacts Your Trucking Company

Posted 5:00 AM by
With the ELD mandate enforcement date behind us, owners of trucking companies can now focus on the next sweeping change to impact their business; implementation of the Tax Cuts and Jobs Act that was signed into law by President Trump on Dec. 22, 2017.
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Trucking Towards State Tax Compliance: Should Your Company Participate in a VDA?

Posted 4:00 AM by
Many companies struggle to determine if they have sufficient activity in a state, or nexus, to force them to file state tax returns. This can be especially difficult for transportation companies and is based largely on the question of whether driving more than a de minimis amount of miles through a state creates a tax filing obligation.
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Highlights from the 2013 Michigan Trucking Association Conference & Annual Meeting

Posted 3:40 PM by
Troy Hogan, a director in Katz, Sapper & Miller’s Transportation Services Group, attended the 2013 Michigan Trucking Association’s Conference & Annual Meeting in Traverse City, Michigan on August 8 and 9. Approximately 36 carrier and allied member companies were represented at the conference.
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Implementing a Per Diem Program to Boost Driver Pay…and Corporate Profits

Posted 5:57 PM by
A transportation company can provide employee drivers who are away from their tax home a per diem allowance for meals and incidental expenses of up to $59 daily without substantiation from the driver of its use. The per diem is usually paid using a cents-per-mile approach, and the driver accepts a lower base pay per mile as a result.
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