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Taxes

ATBS: Tax Reform Was a Good Thing for Owner-Operators

Analysis of over 3,000 owner-operator tax returns has shown an overall positive impact on owner-operators, according to American Truck Business Services, a tax, consulting and bookkeeping firm for the transportation industry.

Bipartisan Federal Excise Tax Repeal Bill Introduced

Representatives Doug LaMalfa (R-CA) and Collin Peterson (D-MN) have introduced a bill, H.R. 2381, that aims to repeal the federal excise tax and was applauded by several truck dealer associations that have been actively pushing for its removal.

Analysis: Expect More of the Same From the Economy

With tax reform enacted, so far GDP has only grown at 2.3% annual rate in the first quarter of 2018, slightly down from the end of 2017. We were hoping for a boost in growth, but so far that hasn't happened. Analysis by Business Contributing Editor Evan Lockridge.

Trucking Execs, Drivers Tout Trump Tax Cuts in Rose Garden

Werner CEO Derek Leathers and Operation Freedom driver Quentin Ward were among the "everyday Americans" speaking Thursday at a press conference in the Rose Garden on the benefits of the tax reform bill signed into law by President Trump last December.

Analysis: Raising Federal Fuel Tax Makes Economic Sense

The way we pay for federally funded road and bridge projects hasn’t changed over the past 25 years and a fuel tax increase may provide the needed funding for our crumbling infrastructure. Analysis by Business Contributing Editor Evan Lockridge.

Tax Changes and the Truck Leasing Decision

Fleets need to be aware of 2018 tax changes, because the way they procure their equipment can have a significant impact to their overall business, bottom line and financial performance. One leasing company explains how some of these changes affect the lease-vs.-own decision.