Business Resource Center
A wealth of information right at your fingertips.
Welcome to the Equinox Business Resource Center
All the content we create is to help our trucker family navigate the complexities of running their own business. On this page, you'll find useful information about taxes, bookkeeping, getting started as an owner-operator, and strategies to help you be successful.
Featured
Equinox President & CEO Colton Lawrence Answering Tax & Business Planning Questions As Featured Guest On Two SiriusXM Road Dog Trucking Radio Channel Shows.
Did you hear Equinox Owner-Operator Solutions President & CEO Colton Lawrence on SiriusXM’s Road Dog Trucking Radio Channel 146 in mid-March? Just as the news was breaking that the Internal Revenue Service would be extending the federal tax filing deadline to May 17, 2021, for your federal income tax returns, Colton answered the call to
Radio Q&A with Colton: Road Dog Live, Part 1
Equinox President & CEO Colton Lawrence begins his appearance on the March 18th edition of SiriusXM’s Road Dog Live by talking with host KC Phillips on the anxiety and confusion that people filing tax returns are experiencing regarding the stimulus payments that were issued during 2020.
Radio Q&A with Colton: Road Dog Live, Part 2
In this radio replay Q&A, Equinox President & CEO Colton Lawrence takes a question from an owner-operator regarding the use of the S Corp election for his business. Colton walks through considerations and the typical timeframe allowed for making the S Corp election.
Taxes
What are the most common tax mistakes truckers make?
All too often, truckers who make the transition from being an employee to an owner-operator are not as informed as they need to be about the tax laws that govern the industry. This lack of knowledge can, unfortunately, create major headaches for truckers. Find out from the professionals at Equinox — a provider of trucker
Better Understanding Audits
In this episode of the podcast Equinox Owner-Operator Solutions President & CEO Colton Lawrence will be tackling the topic of tax audits. In addition to cover the key points on this subject, Colton will be addressing many of the questions that owner-operators and independent contractors have related to tax audits.
Taking Steps to Avoid Common Tax Mistakes
What are the most common mistakes that truckers encounter with taxes?Equinox Owner-Operator Solutions President and CEO Colton Lawrence will be exploring this important topic during this episode of the podcast.As you’ll hear, Colton will be reviewing the most common tax mistakes that owner-operators, company drivers and fleet owners often make in preparing for and handling
Getting Started
What are the most common tax mistakes truckers make?
All too often, truckers who make the transition from being an employee to an owner-operator are not as informed as they need to be about the tax laws that govern the industry. This lack of knowledge can, unfortunately, create major headaches for truckers. Find out from the professionals at Equinox — a provider of trucker
Discussing Use of the S-Corp Election
When should trucking business owners consider going the route of the S-Corp? Equinox Business Owner-Operator Solutions President and CEO Colton Lawrence will be going further in our discussion of business entities as part of our podcast series.In this episode, Colton will be exploring the considerations involved with utilizing the S-Corp election.
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
Operations and Strategy
Discussing Use of the S-Corp Election
When should trucking business owners consider going the route of the S-Corp? Equinox Business Owner-Operator Solutions President and CEO Colton Lawrence will be going further in our discussion of business entities as part of our podcast series.In this episode, Colton will be exploring the considerations involved with utilizing the S-Corp election.
Better Understanding Audits
In this episode of the podcast Equinox Owner-Operator Solutions President & CEO Colton Lawrence will be tackling the topic of tax audits. In addition to cover the key points on this subject, Colton will be addressing many of the questions that owner-operators and independent contractors have related to tax audits.
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
Bookkeeping
Importance of Properly Handling Paperwork
How important to your trucking business is properly handling paperwork? In this episode of the podcast, Equinox Owner-Operator Solutions Podcast, President and CEO Colton Lawrence will be discussing the various considerations that come into play involving the need for handing your paperwork in the right way. As part of the discussion, Colton will be talking
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 five
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