Blogs

What is the Best Business Entity for a Trucker?

As a trucker choosing a business entity, you have a lot to consider. You may not be familiar with all the choices, but in this blog, we will cover some of the most common options. The four most common types of business entities for owner-operators are: Sole proprietorshipPartnershipsLimited liability companies (LLC)Corporations (C-corps)The most common business entity that

Getting Your CDL

Last week, we talked about the importance of having a plan before jumping into the owner-operator’s seat. Today, we’re going to dive in a little bit deeper about getting your CDL and a few things you need to take into consideration when doing your research.  Not all operations are going to require you to have

Tax Reform Equals More Money in Your Pocket

The year is quickly coming to an end.  For you Owner Operators and Independent Contractors, the time to settle up with Uncle Sam will be here before you know it.  The recently passed Tax Cuts and Jobs Act results in significant changes to tax law.  For most of you, this new legislation will result in

Contractor Tax Deductions, Part 2

Last month in this space, we discussed five important areas that you can consider as tax write-offs if you’re an independent contractor. These deductions can often make a huge difference for your bottom line come tax season. At Equinox Business Solutions, we’re experts in tax preparation for independent contractors. Let’s go over another set of

Common Deductions for Owner-Operators

At Equinox Business Solutions, we’re proud to provide detailed tax services for truckers and other independent contractors. One particular group of people who can benefit from various tax breaks in this area are owner-operators. What are owner-operators, and what are some of the tax benefits and deductions available to them? Here are the basics you

Contractor Tax Deductions, Part 1

At Equinox Business Solutions, we’re proud to provide tax preparation for independent contractors of all types, including truck drivers and many others. An independent contractor is any person who provides goods or services under a verbal agreement or specific contract, and taxes are very different for people under this designation. One major area where this

Car Sharing Driver Tax Areas, Part 2

In part one of our two-part blog series, we discussed several important deductions that Lyft, Uber and other ride-sharing drivers can use when undergoing tax preparation for independent contractors. Many people who draw income from these sources aren’t even aware they’re independent contractors in the first place, but there might be several benefits available to