Trucker CFO

The sometimes overlooked, but important, topic of personal finance planning takes center stage in this Driving Your Dollars edition of the Trucker CFO Podcast. Colton Lawrence, the Trucker CFO, looks at the key questions that come up when discussing personal finance planning. Those questions include the following: Do you have an emergency fund? How much debt are you currently carrying? Do you have a plan established to help you save for the future? Colton shares some tips on how you can reduce and eliminate debt as well as how you can build a strong emergency fund that you can access when you are faced with unexpected circumstances.

For February's third Driving Your Dollars edition of the Trucker CFO Podcast, we tackled one of the most important questions that comes up every tax season for trucking entrepreneurs: Does my trucking business owe taxes? In his podcast conversation with Michael Burns of RadioNemo, Trucker CFO Colton Lawrence gives listeners an overview that looks at when business tax returns are needed and how the business activities of pass-through entities are filed on a business owner's personal tax return. Colton and Michael also spend a moment discussing the S-Corp election.

With the calendar turning to March, the countdown clock on filing tax returns is ticking louder by the day, which leads us to this critical question: What is your plan for filing tax returns this year? In this Driving Your Dollars edition of the Trucker CFO Podcast, Colton Lawrence, the Trucker CFO, speaks to a number of key questions that address filing your tax returns. Colton also addresses options for folks who may currently owe tax debts to the IRS as well as people who have not filed tax returns in previous years. As always, Colton is joined by Michael Burns of RadioNemo for the conversation on Driving Your Dollars.

The key performance indicators for your trucking business will be in the spotlight during this Driving Your Dollars edition of the Trucker CFO Podcast. Whether you are an owner-operator, independent contractor or you own a small fleet, there are some common key performance indicators, or KPIs, that can help you in evaluating your business operation. Colton Lawrence, the Trucker CFO, will address working in the spot market vs. securing a contracted rate. You'll also hear Colton talk about the importance of tender rate rejection as well as some discussion on fuel pricing.

What do you need to be considering ahead of the tax deadline for filing personal taxes on April 18? In this Driving Your Dollars edition of the podcast, Trucker CFO Colton Lawrence will be touching on a collection of topics that may or may not be on your radar as the personal tax deadline approaches. In his conversation with Michael Burns of RadioNemo, Colton explores considerations for forming a business entity, the Inflation Reduction Act and the addition of thousands of IRS agents. Colton will also talk about the upcoming tax deadline for filing personal tax returns and conversations he had with professional drivers during the Mid-America Truck Show.

Now that the April 18 deadline for filing personal tax returns is in the books, the Trucker CFO Team is asking two important questions: What is your plan for managing costs in your business? Do you have an effective plan for the next tax season? During this week's Driving Your Dollars edition of the Trucker CFO Podcast, we cover a number of the key considerations for managing your expenses and controlling your costs for operating your trucking business. Colton Lawrence, the Trucker CFO, reminds trucking business owners to stay current on making your quarterly estimated tax payments. He also notes the importance of not cutting back on properly maintaining your truck as you look at reducing your expenses within a tight freight market.

The latest Driving Your Dollars edition of the Trucker CFO Podcast addresses the subject of scams. Trucker CFO Colton Lawrence will once again be answering questions and talking with Michael Burns, who is the Co-Founder and General Manager of RadioNemo of North America. Colton and Michael will be discussing to increase your awareness and spot online scams that are continually becoming more sophisticated. Colton takes some time to note scams that have been developed by people pretending to be from the IRS.

The Trucker CFO's Guide To Tax Season is the topic of discussion on the latest Driving Your Dollars edition of the Trucker CFO Podcast. Colton Lawrence, the Trucker CFO, spends some time taking everyone inside the development of the Tax Guide. Colton also discusses why the Trucker CFO Team took the time and care to put the new e-book together. Colton will once again be joined on Driving Your Dollars by Michael Burns, who is the Co-Founder and General Manager of RadioNemo of North America.

For this Driving Your Dollars edition of the Trucker CFO Podcast, we explored the topic of investments and the tax considerations for investments with the financial markets. The conversation that Trucker CFO Colton Lawrence had with Michael Burns from RadioNemo is especially valuable for anyone who currently holds investments in stocks, bonds or commodities. Colton and Michael also address the cryptocurrency market and they discuss the tax implications that can accompany investments – especially for people who are DIY investors. Michael, who is the host of Driving Your Dollars, is the Co-Founder and General Manager of RadioNemo of North America.

In this edition of Driving Your Dollars, Trucker CFO Colton Lawrence explains the importance of having the right tools in place for effectively maintaining your bookkeeping and accounting. This is especially important for owner-operator, independent contractors and fleet owners as we enter tax season. As you'll hear, Colton and Driving Your Dollars host Michael Burns discuss a number of systems and software options that can assist when it comes to keeping your books current as well as being able to stay on top of your revenue and expenses throughout the year.

Did you know that between 10 to 15 percent of all taxpayers in the United States either owe back taxes or they have not filed their returns in previous years? If you are in one of these situations and require tax problem resolution, Trucker CFO Colton Lawrence shines a light on what can be done during the latest Driving Your Dollars edition of the Trucker CFO Podcast. Colton is joined once again by RadioNemo's Michael Burns, the host of Driving Your Dollars. As you'll hear, Michael and Colton walk through some of the common situations that can cause taxpayers to need tax resolution help. Colton also discusses the approach that the Trucker CFO Team takes in evaluating the needs of clients seeking assistance with tax resolution issues.

On January 4, the Trucker CFO Team and RadioNemo Entertainment of North America launched Driving Your Dollars, a new segment that will be featured on the Dave Nemo Show. Driving Your Dollars is a series that will address the key tax, accounting and business management topics facing owner-operators, independent contractors, small fleet owners and trucking entrepreneurs. In this opening segment, Driving Your Dollars host Michael Burns, the Co-Founder and General Manager of RadioNemo, talks about the goals of the program with Colton Lawrence, the Trucker CFO. Michael and Colton also discuss some other topics, including the January deadline for paying estimated taxes.

With the January 11 edition of the Driving Your Dollars, Trucker CFO Colton Lawrence runs through the key deadlines for this tax season that are on the horizon. Colton Lawrence is once again joined on Driving Your Dollars by Michael Burns, who is the Co-Founder and General Manager of RadioNemo of North America. Michael is also the company's Chief Financial Officer. In addition to talking about other important mileposts and deadlines for this tax season that are now moving closer each day, Colton and Michael spent some time during Driving Your Dollars covering the tax-related legislation that is being developed and debated by the new U.S. House of Representatives.

Audio Companion To Our Tax Season Guide: Trucker CFO Colton Lawrence will be examining the numerous considerations that should be reviewed by anyone thinking about becoming an owner-operator within today's trucking industry. The list of topics Colton will be covering includes looking at driving over the road vs. a local operation, determining the type of equipment to fit the work you'll be doing as well as the key considerations when it comes to buying equipment vs. utilizing a lease-purchase. For those people looking to get into the trucking industry, Colton talks about trucking schools and driver training options, and he also walks through the considerations owner-operators should weigh when thinking about motor carrier authority. As part of business planning, Colton notes the considerations related to business entities, tax planning, managing expenses and building a solid team around your operation.

Audio Companion To Our Tax Season Guide: Trucker CFO Colton Lawrence takes some time on the podcast to discuss the challenges that trucking business owners face at this time of the year – noting the importance of finishing strong and having a plan. Colton will also discuss how our Trucker CFO Team works with our clients to get to know your business and how we are able to help you step back and look at all aspects of your business.

Audio Companion To Our Tax Season Guide: Colton Lawrence, the Trucker CFO, will be reviewing the most common tax mistakes that owner-operators, company drivers and fleet owners often make in preparing for and handling their tax responsibilities. Colton will be highlighting a number of real-life, relatable examples of situations and decisions that can lead to mistakes, including some that can be very costly. If you have filed your own taxes in the past or just want to make sure you avoid common tax mistakes, make sure you listen to this episode.

Audio Companion To Our Tax Season Guide: Colton Lawrence, the Trucker CFO, discusses the most common questions that come up as we enter Tax Season. The questions have been collected from emails, calls and the chat sessions that come to the Trucker CFO Team. Through this edition of the Trucker CFO Podcast, we address 10 of the most frequently asked questions the Trucker CFO Team receives entering tax season. We invite you to listen to learn you have asked some of the same questions on this list. Maybe you are having to consider these questions for the first time. In either case, now is a good time to be thinking about and asking the questions we have shared here. One of the best ways to prepare for tax season is to have good information in hand.

Audio Companion To Our Tax Season Guide: Trucker CFO Colton Lawrence talks about considerations for owner-operators, independent contractors and trucking business should review when looking at forming an LLC or S-Corp. Colton also discusses how the choice of a business entity can impact your operation.

Audio Companion To Our Tax Season Guide: With this edition of our special series, we'll be focusing on the key considerations that are a part of the business entity formation process while we look in detail at the S-Corp Election. You'll be hearing from the Trucker CFO, Colton Lawrence, Colton will also be joined on the podcast by Robert Hazen, a member of the team at the Trucker CFO. Greg Thompson, the Executive Producer for PodWheels Powered By RadioNemo, will be asking questions and Greg will serve as a tour guide for the conversation.

Audio Companion To Our Tax Season Guide: How important to your trucking business is properly handling paperwork? In this episode of our special series, Colton Lawrence, the Trucker CFO, 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 about accurate record-keeping, collection of receipts, and other considerations related to handling the paperwork of your business.

Audio Companion To Our Tax Season Guide: Trucker CFO Colton Lawrence takes some time during our special series to address the topic of tax audits. In addition to covering 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.

Audio Companion To Our Tax Season Guide: Trucker CFO Colton Lawrence welcomes Robert Hazen to our special series to explore the topic of tax resolution. Robert is the Vice President of Tax Resolution Services for the Trucker CFO. Robert and Colton discuss the potholes that can await people who see and hear national advertising for services working in the tax resolution field. As you'll hear Robert and Colton discuss, these national services can make it sound like they can make past tax debts and the other issues requiring tax resolution magically disappear. The reality is that tax debt is not like credit card or other debt. Quite often, people who access these national services end up disappointed, paying a lot of money with little or nothing to show for it. During this episode, you'll hear about the process that the Trucker CFO utilizes in evaluating and addressing tax resolution for our clients.

In this year-end edition of the Trucker CFO Podcast, host Colton Lawrence, the Trucker CFO, takes a look back at some of the year's highlights for the team at Trucker CFO. Colton also takes this opportunity to provide a look ahead to some of the initiatives that he and the Trucker CFO Team will be pursuing in 2023. As you will hear, Trucker CFO's outreach efforts in 2023 will be highlighted by the new Driving Your Dollars segment that will be featured on the Dave Nemo Show, which is broadcast each weekday morning on SiriusXM's Road Dog Trucking Radio Channel 146. You'll hear how the Driving Your Dollars segment was developed following Colton's time on the air with RadioNemo in 2022, and we share some notes about the segment's host, Michael Burns, who is the co-founder and General Manager of RadioNemo of North America.

For the latest episode of the Trucker CFO Podcast, we reached out to our Trucker CFO Team to have them list the most common questions that come up at this time of year through the emails we receive, calls to our office and chat sessions on our TruckerCFO.com website. Through this edition of the Trucker CFO Podcast, we address 10 of the most frequently asked questions we receive as we enter tax season. Maybe you have asked some of the same questions on our list. Maybe you are having to consider these questions for the first time. In either case, now is a good time to be thinking about and asking the questions we have shared here. One of the best ways to prepare for the upcoming tax season is to have good information in hand.

The mid-term elections that took place on November 8 will bring changes to the U.S. House of Representatives when the new Congressional term begins in January. Trucker CFO Colton Lawrence dedicated a podcast to examining the election results and the changes coming in the makeup of the next Congress and asking key questions through a non-partisan lens. Among the questions discussed in this episode are the following: How will the new division in government with a Republican-controlled House and Democrats in the Senate majority work with each other? What will the narrow majorities in both the House and Senate mean for how the legislative branch of government will operate? What will this new alignment of party control in the House mean for the Biden Administration?

The open enrollment period for benefits under the Affordable Care Act (ACA) began on November 1 and it will run through January 15 of next year. As part of the effort to cover various financial impacts to trucking professionals, Colton Lawrence, the Trucker CFO, is focusing this episode of the podcast on exploring annual enrollment and examining the value of health insurance in today's economy. To get an expert perspective, we have asked Marc Ballard to join us for our latest edition of the Trucker CFO podcast. Marc holds a wealth of experience in the field, serving as an insurance agent for the past 33 years and running his own agency since 1996. Marc has also worked extensively within the trucking industry through Truckers Healthcare and the National Association of Independent Truckers.

A few days prior to the start of National Truck Driver Appreciation Week 2022, Colton Lawrence, the Trucker CFO, opened the latest edition of the Trucker CFO Podcast by sharing his thoughts about Driver Appreciation as well as how Colton and the Trucker CFO Team work each day to serve owner-operators, independent contractors and any truck professional driver behind who needs the company's expertise and support in helping to make the road a bit smoother. During this edition of the Trucker CFO Podcast, you will also hear Colton discuss a series of important dates that are coming up soon for deadlines related to tax filings. In addition, this podcast will feature Colton discussing the bill that was recently signed into law that will be adding thousands of IRS agents as the government agency begins to dig out from a backlog of unprocessed returns in warehouses and address those people who are behind with their tax filings and tax payments. As you will hear Colton share in the podcast, now is the time to make sure you have everything in order or that you have a plan to get your tax situation in order.

In this edition of the podcast, we'll be focusing on the key considerations that are a part of the business entity formation process while we look in detail at the S-Corp Election. You'll be hearing from the Trucker CFO, Colton Lawrence, who is the President and CEO of Equinox Owner-Operator Solutions. Colton will also be joined on the podcast by Robert Hazen, a member of the team at Equinox Owner-Operator Solutions.

As we begin to enter the stretch run toward the mid-April tax filing deadline, we asked Trucker CFO Colton Lawrence to spend some time sharing some of the frequently asked questions that Colton and his team at Equinox Owner-Operator Solutions have received during the 2022 tax season. During this podcast, you will hear Colton address questions covering home office deductions, per diem and employing family members within your trucking operation. You'll also hear Colton address other topics including business owner retirement accounts.

In this episode, Colton Lawrence, the Trucker CFO, will continue our look at a number of key considerations that can have an impact on trucking professionals as you begin the process of working toward filing tax returns for 2021. As you'll hear, we'll go into some depth exploring tax considerations related to unreimbursed medical expenses, retirement account disbursements, child tax credits and donations to charity.

In our first episode of the podcast for 2022, we'll be discussing what owner-operators and independent contractors need to be thinking about as the calendar turns to tax season. Colton Lawrence, the President & CEO of Equinox Owner-Operator Solutions, will be walking us through a number of key considerations as trucking professionals begin the process of working toward filing tax returns for 2021. In addition to discussing first steps related to information gathering, including best practices for tracking revenue and expenses, Colton will be covering the very important changes that were made to per diem in the latter part of 2021 and how those changes will impact tax filings on 2021 returns.

In this episode, Equinox Owner-Operator Solutions President and CEO Colton Lawrence welcomes Robert Hazen back to the podcast. Robert is the Vice President of Tax Resolution Services for Equinox, and he joins Colton on this edition of the podcast to discuss the potholes that can await people who see and hear national advertising for services working in the tax resolution field. As you'll hear Robert and Colton discuss, these national services can make it sound like they can make past tax debts and the other issues requiring tax resolution magically disappear. The reality is that tax debt is not like credit card or other debt. Quite often, people who access these national services end up disappointed, paying a lot of money with little or nothing to show for it. During this episode, you'll hear about the process that Equinox utilizes in evaluating and addressing tax resolution for our clients.

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, the President & CEO of Equinox Owner-Operator Solutions, interviewed a transportation lawyer who has been actively involved in the effort to defeat AB5. With this month's featured podcast, you'll hear the expert legal analysis of Doug Grawe, an attorney with more than a decade of experience in the trucking industry.

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 trucking business operation prepared for the end of the year? The bigger question may be this: Do you have a checklist for the top considerations for trucking businesses in 2021? In the early days of October, Equinox Owner-Operator Solutions President & CEO Colton Lawrence took some time to talk about his 2021 business checklist for owner-operators. As you'll hear, it covers five key points that every owner-operator and independent contractor should consider in the final months of 2021.

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 Colton Lawrence, the CEO and President of Equinox Owner-Operator Solutions. Colton will be answering a series of questions covering all aspects of IRS Form 2290 and the Heavy Highway Vehicle Use Tax.

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 are beginning 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, will be talking with Robert Hazen about Tax Resolution. Robert is a member of the Equinox Team who specializes in the area of Tax Resolution.

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.

During this episode, Equinox Business Solutions President and CEO Colton Lawrence walks us through the types of business entities most often used by owner-operators and fleet owners in setting up their operations. Colton also addresses the key considerations that often play a role in these important decisions, including the following: What's the most popular business entity that owner-operators and small fleet owners utilize? What should new owner-operators making the transition from company drivers consider? How do you weigh what will be the pluses and minuses for your particular situation?

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.

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 about accurate record-keeping, collection of receipts, and other considerations related to handling the paperwork of your business.

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 their tax responsibilities. Colton will be highlighting a number of real-life, relatable examples of situations and decisions that can lead to mistakes, including some that can be very costly. If you have filed your own taxes in the past or just want to make sure you avoid common tax mistakes, make sure you listen to this episode.