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

IRS Announces Increase to the Per Diem Rate

If you are an owner-operator or independent contractor, the Internal Revenue Service delivered some good news in September. The federal government is increasing the per diem allowance from the current $66 per day to $69 per day. The increase in the allowance in per diem for days spent traveling away from home is effective beginning

Dave Nemo Show Welcomes Colton Lawrence

As part of its celebration of National Truck Driver Appreciation Week, the Dave Nemo Radio Show featured an interview with Equinox Owner-Operator Solutions President & CEO Colton Lawrence. As one of the flagship programs on SiriusXM’s Road Dog Trucking, Radio Nemo is a must-listen for professional drivers. Dave Nemo, with over 50 years as an

Properly Handling Paperwork: A Key to Minimizing Heartburn & Enjoying Success in Your Trucking Business

For owner-operators in the trucking industry, your daily responsibilities go beyond being behind the wheel and keeping the American economy moving. When we think about it, the responsibilities involved in a career as an owner-operator merely begin with driving. One of the first lessons that owner-operators quickly learn is that you are operating a business,

Taxes

IRS Form 2290 & Heavy Highway Vehicle Use Tax Deadline Update

In this episode of the podcast, we will be sharing a news alert with you that will focus on the upcoming deadline for submitting IRS Form 2290. We will be talking specifically about what owner-operators and independent contractors need to know about paying the Heavy Highway Vehicle Use Tax. As always, we’ll be hearing from

Understanding Tax Resolution: Part 1

Have you missed filing your taxes with the IRS? Do you owe back taxes? In this edition of the Equinox Owner-Operator Solutions Podcast, we will present Part 1 of a series of episodes that will discuss the very important considerations that go into Tax Resolution. Colton Lawrence, the President & CEO of Equinox Owner-Operator Solutions,

Got a Tax Audit Notification?

In the game of “Would You Rather?” few people would rather be audited by the IRS than suffer a different unpleasant fate. And who can blame them? The IRS is scary. But when you have Equinox Owner-Operator Solutions on your side, you won’t have to worry.How Does the IRS Choose Who Gets Audited?The IRS computer

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

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?

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