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
Thanksgiving Is A Time To Shine A Grateful Spotlight On America’s Truckers
Thanksgiving is a Time to Shine a Grateful Spotlight on America’s TruckersBy Colton Lawrence, President & CEOEquinox Owner-Operator SolutionsAs Thanksgiving arrives, I would like to share a message of deep gratitude and appreciation on behalf of our team at Equinox for the men and women who earn their living as professional drivers. When it comes…
Colton Joins Jimmy Mac On The Dave Nemo Radio Show
On November 18th, Colton Lawrence, the President & CEO of Equinox Owner-Operator Solutions made his second appearance of 2021 as a guest on the Dave Nemo Show, which runs every weekday morning on SiriusXM’s Road Dog Trucking Radio. This edition of the podcast will bring you a replay of Colton’s conversation with Jimmy Mac, who…
Expert Legal Analysis On What’s Happening With AB5 Law & The PRO Act
In this episode of the podcast, we will be examining what’s happening with the challenges to California’s AB5 Law and the latest news on the PRO Act. This episode serves as part of our commitment to keep owner-operators and independent contractors informed on issues that can have an impact on your trucking business. Colton Lawrence,…
Taxes
Expert Legal Analysis On What’s Happening With AB5 Law & The PRO Act
In this episode of the podcast, we will be examining what’s happening with the challenges to California’s AB5 Law and the latest news on the PRO Act. This episode serves as part of our commitment to keep owner-operators and independent contractors informed on issues that can have an impact on your trucking business. Colton Lawrence,…
Your Year-End Business Checklist For 2021
While it’s hard to believe we’ve already put three quarters of 2021 in the books, the key question for owner-operators and independent contractors at this point in time becomes the following: Is your business operation prepared for the end of the year? The bigger question may be this: Do you have a checklist for the…
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…
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…