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.
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.
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.
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.
At the ATD Show in Las Vegas, Steve Parker, chairman of the American Truck Dealers organization, urged dealers to work with congress to repeal the federal excise tax on the sale of heavy duty trucks and trailers.
Let's say you resell a near-new trailer and charge the tax. The buyer complains that it's a used trailer. What do you say -- life's not fair?
As the federal government struggles to figure out how to fund the nation's infrastructure, states are increasingly taking matters into their own hands. One group in Iowa is pushing state legislators to act.
April 15 has come and gone, so you can breathe easy for another year -- that is, unless the IRS decides to audit you and become a major pain in your life. Here's how to handle it if they do.
Approximately 7.6 billion hours are spent by businesses and individuals each year on tax compliance -- a workload that could keep 3.8 million full-time workers busy by the IRS’ own estimates. Throw your long hours as a trucker into the mix, and the potential to miss the filing deadline is very real. However, you can file an extension and avoid penalties.
New year - new taxes. That’s what many drivers are thinking after the latest round of tax increases. While you can’t legally dodge taxes, you can trim them. The options for doing so may have even been under your nose your entire trucking career.