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  • Life on the Road for Female Truck Drivers

    By Jake Krough Recently, it has become more common to see a female behind the wheel of a big rig. However, there is still a lot of room to grow in this area of the industry. Associations like Women In Trucking are continuing their push to introduce more women to trucking and break some of the norms in an industry that has long been dominated by males. I spoke with long-time Women In Trucking member Linda Caffee and asked her some questions about life on the road for female truck drivers. Linda has been driving as a team with her husband Bob since 2005 but has been driving trucks for many years longer than that. After our conversation, I was left feeling encouraged, knowing that we have women like Linda representing females in the trucking industry. What is life like for female truck drivers? When I first asked Linda about what life is like as a female truck driver she responded with “Awesome”. She went on to explain that women are a viable force in the trucking industry and that the number of women entering the industry continues to grow. Overall, Linda explained that life as a woman truck driver is not that different than life as a male truck driver. This is because the truck and the freight don't care who is driving, as long as it gets to where it needs to go. However, I did learn that women tend to do things a little differently. One of the main differences is that women tend to drive with more finesse, while men tend to drive a bit more aggressively. This is not always true but is a common trend that Linda has noticed. Another thing women do a little differently is talk to each other more compared to men. Women being more vocal is part of what has attributed to the number of women in the industry continuing to grow. Ultimately, Linda explained that it’s all about a woman's attitude and the way they carry themselves that will define what life is like for them on the road. How has the industry changed for female truck drivers? Overall, the trucking industry has become a lot more accepting of female truck drivers. Linda explained that some in the industry used to not be accepting of women truck drivers but now that sentiment is starting to change. Another big change is the way the new trucks are built. Trucks used to not fit people who were too short or too tall, but now they are built to be adjusted for anybody. This used to be a big disadvantage for women to be able to drive a truck. For example, Linda used to carry around a pillow to sit on in order to fit and be comfortable in the truck. Lastly, truck stops now have showers that can be used privately by both women and men. When Linda first started, someone would have to guard the door while a woman would shower. Now, not only are showers private, but they are also more homey and comfortable. Overall, the industry has changed to be more accepting of women drivers and other truckers have been embracing the change. What are the biggest advantages and disadvantages of being a female truck driver? Linda brought up that a lot of women thinking about getting in the industry are scared about being on the road because they might not get to see their family as much. It’s true that you may not be able to attend special family events due to scheduling conflicts, or you may be away from home at a time when your family really needs you. However, in some circumstances, you may be able to see your family more than you would in other professions. Also, truck drivers are almost always available to talk to friends and family on their headset while driving. Another advantage that was previously mentioned is that in terms of the work that needs to be done, there is no distinction between who is driving. When you are choosing a load, nobody knows whether it is a man or woman who is driving, and the pay is the same. The load and the truck don’t discriminate. One of the major disadvantages, according to Linda, is that women may have the tendency to become somewhat of a hermit in the truck. Women may feel more timid and not want to get out of the truck because there aren’t as many other women at truck stops. To combat this, Linda recommends that women truck drivers avoid dark truck stops, stay in lighted roadways, and walk with a purpose. This will help defer potential scare tactics by other drivers. Another way to help be less timid is to stay connected with other women in the industry through social media and other female truck driving groups. This allows you to build a network of women drivers to communicate with while on the road and potentially plan meet-ups to share experiences and support each other. How do you see the landscape changing for female truck drivers in the future? Linda sees the landscape continuing to get better for female truck drivers. The good news is that better trucks and accommodations are already available, which will help continue to bring more women into the industry. If a change towards fewer long-haul loads and more terminal-to-terminal loads takes place, it could be beneficial to woman truck drivers. This would make it more likely for women to do the job because they will have the opportunity to be home more often. Additionally, as women share their positive experiences on social media, it will likely encourage more women to give trucking a try. Every day, there are more ways to network with other women, ask questions, and share experiences. Oftentimes, when a woman learns how to drive a truck, they realize it’s not as hard as it may seem. This will help continue to change the landscape for female truck drivers. What can we do to attract more female drivers? As an industry, the main thing that we can do to attract more female truck drivers is education. This will allow women to realize that there are actually a lot of other women in the industry. Education will also allow females to get up in a truck and realize that trucks have become easier to drive. There are so many safety features now that it almost feels like driving a luxury car. Also, the high visibility inside of the truck makes driving one less intimidating. When you are driving, you can see everything in front of you and it helps you feel more in control with more time to react. Linda feels that she actually has more control over a truck than a car. Lastly, over the years, other drivers have gotten a lot better at sharing the road with truckers. Most of the time, cars treat trucks with respect and know how to drive around a truck. When you turn on your signal, cars are now more likely to give you a chance to get over. A truck has become easier to drive and it is not as intimidating as it once was. Sharing this information with potential women drivers is what will ultimately bring more of them into the industry. -- Much of this information comes from the experiences of Linda Caffee, who is just one of over 200,000 female truck drivers currently on the road. We understand that other women truck drivers will have different experiences and thoughts about the industry. For more information about Linda Caffee, click here .

  • 5 Trucking Forums That You Should Follow

    As a society, it has become less common to have conversations with others face-to-face. This is true for almost everybody, including truckers. Because of this, online forums have become a great place for truck drivers to converse with others in the industry. These forums are commonly used to ask questions, look for answers, discuss industry topics or news, talk about personal interests, etc. If you are looking for a place where you can communicate with other truck drivers, here are five trucking forums that you should follow. Truckers Report  The Truckers Report forum currently has over 243,000 members, 321,000 discussions, and 6,700,000 messages. There are many categories including Good & Bad Trucking Companies, Owner Operators, Trucking Industry, Trucking Tools, etc. The forum allows you to see the title of the most recent post, who made the most recent post, and how long ago the post was made in each category. Many of the categories have new posts made every hour and the forum seems to remain very active.  Trucking Truth TruckingTruth was founded in January 2007 by 15-year trucking veteran, Brett Aquila. Brett created the forum to help people better understand the industry and make the best choices for their career. The forum is neatly organized with straight-forward categories. There is a general forum, a CDL training forum, and a Ladies of Trucking forum. You can also search for discussions based on a certain topic, and look back at some of the most helpful comments made on the forum over the years. Lastly, the forum has help videos where you can learn about the different categories and how to use the different features available when leaving a comment.   Freight Relocators The Freight Reolcators forum currently has over 13,000 members, 35,000 threads, and 530,000 messages. Within each forum, there are sub-forums that discuss topics that are even more specific to what you are looking for. The home page also allows you to see the latest posts across all of the many categories and the latest resources where members discuss different products or services that they are using to help them on the road. Class A Drivers The Class A Drivers forum currently has over 39,000 members, 26,000 threads, and 370,000 posts. The forum’s website lets you know how many users are currently active on the forum and what sub-category they are viewing. This way, you are able to go to an active thread with your comments and receive responses quickly. The sub-categories are given short and concise descriptions so you are easily able to tell what each discussion is about.  ExpeditersOnline.com ExpeditersOnline.com  is the leading expedite trucking website. They have a forum on their website that was established all the way back in 1999. The forum has over 22,000 members, 56,000 threads, and 730,000 messages. The forum allows you to see what's new, what members are on the website, and how long ago a message has been added to a specific thread or topic. If you are looking to get into expediting or are already an expediter, this is the perfect place for you to learn and stay up to date with all things expediting. Trucking Forums: What Should I Look For? These are just a few of the many different trucking forums out there. It’s easy to find other forums online with a quick search. When looking through the different forums, make sure they have active users, are easy to navigate, and that discussion topics are relevant to what you’re looking for. If you keep these things in mind, you will be able to find a forum that is best for you.

  • What Would Our World Be Like Without Truck Drivers?

    We'd all be sitting here naked and hungry! National Truck Driver Appreciation Week 2024 is from September 15th-21st. Truck drivers will be celebrated for the commitments and sacrifices they continuously make to keep our country moving forward. Much of the general public doesn't realize how important truck drivers are in their lives. When we don’t see the processes that our daily necessities and luxuries go through, we can take them for granted. When we go to the grocery store we might see someone stocking a shelf, but we don’t see the truck driver who delivered those supplies. If truck drivers stopped working, the impact on our daily lives and our economy would be truly disastrous. Here are some examples of what the world would look like if it weren't for truck drivers: Imagine the first 24 hours without truck drivers Hospitals would begin running low of basic medical supplies Long lines would begin to form for fuel Mail and package delivery services would stop Within two to three days Grocery stores and restaurants would run out of fresh food Banks and ATMs would run out of cash Service stations would run out of fuel Cities and suburbs would begin to gather piles of uncollected garbage Within one week Lack of fuel would cause motor transportation to cease Lack of fuel would also mean that police, fire, and other rescue vehicles would be unable to provide assistance Hospitals would begin running low on oxygen supplies And finally, within one month Clean water supply would be gone And almost all manufacturers would have to shut down due to lack of components, leaving thousands out of work... This information should help us realize just how important truck drivers truly are. It's important to keep in mind that a truck doesn't deliver anything. It's the truck driver that delivers the much needed inventories and supplies that keeps the world turning. Truck drivers should not just be appreciated this week, but every week, for all of the hard work they do.

  • How Much Do Truck Drivers Make?

    Asking “How much do truck drivers make?” is not an easy question. This is because the amount of money a truck driver can make varies depending on many different factors. Some of these factors include freight type, where, how often, and how far a trucker drives, years of experience, and more. For example, each year, ATBS analyzes the average net income for its truck driver clients. Even though all of our clients are truck drivers, their average net income ranges anywhere from $50,000 to $1,000,000 depending on a multitude of factors. One of the best predictors of income for truck drivers is where the driver is in their career. This means looking at the difference in revenue potential between company drivers, lease-purchase owner-operators, owner-operators under carrier authority, owner-operators under their own authority, and owner-operators who are small fleet owners. Company Driver Company drivers generally earn, on average, anywhere from $50,000 to $75,000 a year depending on experience, licenses and certificates, driving record, and the type of fleet they drive for. Of the career stages, company drivers generally have the lowest revenue potential, although there are certainly exceptions to that. Generally, a company driver’s revenue is limited by the salary they are paid by their company. Each year, a company driver knows about how much money they are going to make and their potential to earn bonuses. There is always the chance a company driver can negotiate a higher salary depending on how they’ve performed over time, but their earnings will likely be capped at a certain amount. This is different from all the other career stages because, unlike the company driver, owner-operator truck drivers have a lot more control of their revenue and costs each year. This does not mean you can’t live a quality life as a company driver. Company drivers don’t have the same worries and stresses that come with being an owner-operator. When they are home, they don’t have to worry about truck payments, maintenance, finding loads, and other factors that come with owning a trucking business. Also, if you decide being a truck driver isn’t for you, it’s not hard to leave knowing you don’t have to get out of a lease or lose the money you’ve invested into the profession. Even though the earning potential for company drivers isn’t always as high as the other career stages, being a company driver comes with minimal expenses and less stress. Owner-Operator Under Carrier Authority (Pioneer and Hired Gun) Owner-operators under a carrier’s authority have the next highest earning potential of the truck driver career stages. We call drivers in this group Pioneers and Hired Guns. ( Learn more about the driver career journey here ). Lease-purchase owner-operators who drive under carrier authority and lease their truck are considered Pioneers. Owner-operators who drive under a carrier’s authority but own their trucks are considered Hired Guns. As a Pioneer or Hired Gun, you are still getting paid a percentage of the total revenue you are earning per mile by the carrier, but at a far greater percentage compared to a company driver. This is because you are taking the risk of being financially responsible for yourself and your truck. Pioneers and Hired Guns are independent business owners responsible for their own success or failure. Even though they are earning more revenue, they need to manage their costs in order to be successful. Failure to generate consistent revenue and control costs will end in a failed business due to inadequate earnings. The biggest difference between these two types of owner-operators is that owning your truck gives you greater choice and control over some of the truck expenses compared to leasing one through your carrier. This means that by properly managing these additional expenses you are responsible for, you can keep more money in your pocket than you would by leasing your truck through the company you drive for. Leasing your truck through the company you drive for can increase earning potential by 10% to 30% over a company driver, and owning your own truck while continuing to drive under carrier authority can increase earning potential by an additional 10% to 20%. Owner-Operator Under Own Authority (Lone Ranger) When you become an owner-operator under your own authority , your revenue potential can increase by up to 50% depending on how well you are managing your business and how good the current trucking cycle is. Owner-operators negotiate their rates directly with customers and don’t lose any of the revenue they earn to a company taking a percentage. This means that you are in complete control of your earnings based on your revenue and how you manage your expenses. Some of the expenses you have to consider include truck payments, trailer payments, insurance , different licenses, etc. You will also have to work to find your own customers as they won’t be provided to you by a carrier. Lastly, you must deal with market forces like the economy and how it affects the availability of freight and rates. So unlike a company driver, the amount of money you are going to make in a given year is not guaranteed. However, with proper business management skills, you really don’t have a ceiling on how much money you can potentially make. Even though there is a great risk when you decide to be an owner-operator under your own authority, when things are going well, the reward can be even greater. There is a huge upside to this career stage if you focus on working with high-quality customers who pay on time, and pay what you agreed to. Click here to download our list  of industry partners who provide services for truck drivers with their own authority and take advantage of exclusive discounts . Owner-Operator w/ Small Fleet (Trail Blazer) Being an owner-operator under your own authority with other trucks running for you gives you the most revenue potential you can have as a truck driver. In this stage of your career, your revenue is only limited by the number of trucks that you can keep productive. This means that your revenue potential is essentially unlimited, but this career stage comes with the most risk. Every time you hire a new employee, your revenue increases, but so do your costs and responsibilities. As a small fleet owner, you are in charge of all the freight, the employees, the trucks, the insurances, the liabilities, the laws & regulations, and any other responsibility that comes with running a business with people working for you. If you have the money and are confident that you have good business controls in place to manage your employees, the sky is the limit on the revenue you can earn. Of course, all of that revenue won’t go into your pocket as there are high costs that come with managing a small fleet. However, if each new employee wasn’t helping you make a profit, you wouldn’t have hired them in the first place. In this stage of your trucking career, the amount of money you can make is only bound by your motivation, desire, and market forces. So how much do truck drivers make? The simple answer is that it really just depends on your unique situation. The stage you are in as a truck driver and the risk you want to take are just some of the many factors that will affect how much you make. This means that if you are thinking about becoming a truck driver or changing where you are in the truck driver career path, it’s going to take some additional research and real-world experience to figure out what’s right for you!

  • Can You Have a Career as a Truck Driver?

    Being a truck driver is not a simple job and not all truck drivers are the same. Each haul different freight, in different types of trailers, at different lengths, for different types of companies, in different parts of the country. This means just because you are a truck driver doing one thing, it doesn’t mean you are going to be doing the same thing forever.  Being a truck driver should be seen as a full-time career rather than just a job. Since 1998, ATBS has helped truck drivers become more successful through various stages of their careers. From those experiences, we defined what we call the "Driver Career Journey.” The Driver Career Journey is not a linear path, and many drivers will travel back and forth between the different stages of the Journey over the course of their careers. Let’s take a look at how we define the different stages along the Driver Career Journey and the advantages each offers when being a truck driver is your career. Company Driver Most drivers in the trucking industry are Company Drivers. Becoming a Company Driver is typically seen as the first stage in the Driver Career Journey. Many drivers enjoy the low risk and high rewards that come with being a Company Driver, and end up spending their entire career as an employee. Company Drivers don’t own their truck and drive the truck their carrier provides to them. They don’t have much control over increasing their earnings as it is often limited to longevity at a carrier and receiving bonuses for items like safe driving and good fuel economy. However, the personal rewards that come with being a Company Driver are high. This is because they enjoy the benefits that attract so many people to driving -- freedom, amazing views, and experiences, without the worries and stress that comes with being an owner-operator.  A truck driver can make an entire career out of driving as a Company Driver. Lease-Purchase Owner-Operators under Carrier Authority (Pioneer) The next stage of the Driver Career Journey is becoming a lease-purchase owner-operator under carrier authority. At ATBS, we call this stage the Pioneer stage. Becoming a Pioneer is a low-risk way for a driver to become an entrepreneur, running their own trucking business as an independent contractor/owner-operator.  Pioneers are typically first-time owner-operators who are still leased under a carrier’s operating authority. Pioneers are adventurous and courageous but still seek support networks for business and financial coaching. This is because they likely have good experience driving a truck, but may still be learning about how to run their own business. Most Pioneers acquire their truck through a carrier-sponsored program and usually have a more limited choice of what truck they can drive. Pioneers lease to a carrier to leverage that carrier’s freight network and buying networks. This makes it easier for them to find freight and also cheaper for them to purchase things like insurance, fuel, maintenance, and tires . Because Pioneers are responsible for managing the revenue and expenses of their business, they tend to earn more money than company drivers.  Pioneers are courageous, yet still on a learning curve. Compared to the other owner-operator segments, success rates are lower and there is a relatively high turnover. Successful Pioneers often transition into Hired Guns, which is what we will talk about next. Owner-Operators under Carrier Authority with Own truck (Hired Gun) The big difference between a Pioneer, and what ATBS calls a Hired Gun, is that a Hired Gun owns or finances their own truck rather than leasing it through a carrier-sponsored program. But, they still choose to drive under a carrier’s operating authority.  Hired Guns tend to be more experienced than Pioneers. They choose their truck in the open market in order to find exactly what they want to drive. They might finance their truck purchase, lease their truck, or they may pay cash and purchase their truck outright. Hired Guns enjoy the independence that comes with owning their truck but operate within certain norms established at their carrier.  Similar to Pioneers, Hired Guns typically leverage the carrier’s buying networks for things like insurance , fuel, maintenance, and tires. However, the primary reason most Hired Guns lease to a carrier is to take advantage of that carrier’s freight network. This way they don’t have to manage sales and revenue collection the way an owner-operator under their own authority does while they are also able to rely on more predictive revenue and miles. In general, Hired Guns make their own purchase and support decisions while maintaining an arms-length relationship with their carriers. They are experienced, reliable, trustworthy, and they enjoy their independence while operating within established norms.  Owner-Operator with Own Authority (Lone Ranger) ATBS calls owner-operators operating under their own authority Lone Rangers. This is the next step in the Driver Career Journey. Lone Rangers operate under their own authority which means they aren’t backed by a carrier. They make their own purchase decisions and have to manage their own customers. Often, Lone Rangers become members of associations in order to take advantage of discounts on items like fuel, tires, and insurance. Two of the largest owner-operator associations are the Owner-Operator Independent Driver Association (OOIDA) and the American Association of Owner-Operators (AAOO). As mentioned earlier, Lone Rangers are responsible for finding and managing their own customers. They have to be savvy when it comes to negotiating rates, collecting revenue, and paying all their vendors on time. Lone Rangers may find some success operating on the fringe of the mainstream industry and gravitate toward specialty/high-paying niches. Their income fluctuates based on economic and industry cycles, and Lone Rangers may go between being a Hired Gun and Lone Ranger based upon these cycles. Going back to a Hired Gun from a Lone Ranger will once again allow a driver to take advantage of a carrier’s freight options. Driving is a Lone Ranger’s chosen profession and they are in it for the long haul… no pun intended. They have proven to be accomplished entrepreneurs and are able to be self-reliant. Click here to download our list  of industry partners who provide services for truck drivers with their own authority and take advantage of exclusive discounts . Owner-Operator with Multiple Trucks (Trail Blazer) The last stage in the Driver Career Journey is owner-operators who own multiple trucks. We call the drivers in this stage Trail Blazers. Trail Blazers are the next generation of small but growing trucking fleets. They’ve been successful as a Lone Ranger and have proven their ability to make it on their own through the good times and the bad.  Trail Blazers are comfortable enough mentally and financially to take the next step in entrepreneurship by growing their fleet and managing multiple trucks . Trail Blazers often still drive, in addition to managing everything else it takes to make a small business run. They often run on their own authority, but they sometimes choose to operate their small fleet under the operating authority of a much larger carrier.  The job as a Trail Blazer hardly ever stops. However, their grit is a trait shared by others who have built some of the largest truck fleets in America. This is what motivates them to keep going. So can you have a career as a truck driver? What we’ve learned is that being a truck driver is very much a career. It is an occupation that provides a lot of room for movement, growth, and development. Truck driving as a career is not for everybody, but for those people who work hard and love what they do, the mental, emotional, and monetary rewards are well worth it.

  • How to Obtain MC Authority: A Step-by-Step Guide

    Motor Carrier Authority refers to the legal permission granted by the Federal Motor Carrier Safety Administration (FMCSA) to operate as a motor carrier or trucking company in the United States. This authority is necessary for any company or individual planning to transport goods or passengers using commercial motor vehicles across state lines. The process of obtaining motor carrier authority involves completing an application, paying the appropriate fees, and complying with various federal and state regulations. This includes but is not limited to, obtaining a USDOT number, securing insurance, appointing a process agent, and implementing an alcohol testing program. Additionally, motor carriers must undergo compliance reviews and may be subject to safety audits to ensure they are operating safely and in compliance with federal regulations. Having motor carrier authority and receiving an MC number is crucial for companies in the trucking industry as it allows them to legally operate and provide their services to customers. Have questions about getting your own authority? Click here! Who needs MC trucking authority? The entities that require MC trucking authority include motor carriers and freight brokers who transport freight across state lines. Carriers, in this context, refer to companies or individuals that transport goods or passengers for hire using commercial motor vehicles. These carriers must obtain MC trucking authority before operating as common carriers, which means they transport goods for the general public. Freight brokers, often referred to as intermediaries, connect shippers with carriers. They do not personally transport goods, but they help arrange transportation services. Freight brokers must obtain MC trucking authority to engage in this activity. Who does not need MC authority? There are certain circumstances in which carriers or freight brokers are exempt from obtaining MC authority. One such exemption applies to intrastate carriers who exclusively operate within the borders of their own state and do not engage in any interstate transportation. These carriers do not require MC authority as they are solely focused on serving the transportation needs within their state. Another exemption applies to private fleets. These fleets are owned and operated by businesses exclusively for their own goods transportation needs. Since private fleets do not transport goods for the general public, they are not required to obtain MC authority. There are also specific situations where MC authority is not required for carriers. For instance, carriers transporting non-regulated cargo, such as certain exempt commodities, may not need MC authority. Additionally, carriers operating exclusively within a designated commercial zone may be exempt from obtaining MC authority. Is the MC Number and USDOT Number the Same? The MC Number and USDOT Number are not the same, although they are both important for carriers operating in the trucking industry. The USDOT Number is a unique identifier assigned by the Federal Motor Carrier Safety Administration (FMCSA). It is required for all commercial vehicles involved in interstate or intrastate commerce, regardless of the type or size of the vehicle. This number helps track a carrier's safety record and compliance with federal regulations. On the other hand, the MC Number is specific only to carriers involved in interstate operations. Also, brokers require an MC number but do not need a USDOT number. While both the MC Number and USDOT Number serve as identifiers for trucking companies, they aren’t both required for all commercial vehicles. MC Authority Application Process The application process for obtaining operating authority in the motor carrier industry can be a complex and time-consuming task. The entire process can take anywhere from 20 to 60 business days, depending on the specific circumstances. Applying for motor carrier authority requires meeting certain requirements and submitting the necessary documents and fees. To ensure a smooth application process, it is important to follow these steps diligently. Step 1: Create a Business Entity To apply for your MC authority, the FMCSA will consider your cargo type, company type , and more. This is why the first step is to obtain your Employer Identification Number (EIN) from the IRS and establish yourself as an official business entity. Carriers and brokers must also be approved for liability and cargo insurance coverage . This is crucial because, without coverage, you cannot proceed with the FMCSA registration process. Step 2: Apply for Your USDOT and MC Number The Unified Registration System is used to apply for your USDOT and MC Number, replacing several older forms and creating a single online registration system. To obtain your DOT number, proceed to the Unified Registration System portal and follow the instructions. You cannot proceed with your MC authority application until you’ve obtained your DOT number. Once you've obtained your DOT number, you can start your MC authority application. Gather your truck information, including VIN, year, weight, etc., incorporation details, and license plates (if applicable). Keep in mind there is a $300 non-refundable filing fee. Step 3: File BOC-3 Paperwork BOC-3 stands for Blanket of Coverage and is a legal document that designates a process agent in each state where a trucking company operates. This process agent acts as the company's representative for important legal matters and is responsible for accepting legal and court documents on behalf of the company. To file BOC-3 paperwork, you will need to provide the necessary information about your designated process agent, including their name, contact information, and the states where they will be operating on your behalf. It is important to ensure that the process agent is willing and able to fulfill these responsibilities. Step 4: File Your Universal Carrier Registration (UCR) Permit The UCR permit serves as a verification of active insurance coverage. It ensures that your operating authority is up-to-date and valid in the states you operate in. Your MC number and DOT number are required for this step. Luckily you should have already secured liability and cargo insurance by this point in the process. However, this is still an important part of the process. Step 5: Paying the Heavy Vehicle Use Tax (HVUT) HVUT is an annual tax assessed on all heavy vehicles operating on public highways. This tax is essential for maintaining compliance with federal regulations and ensuring the smooth functioning of the trucking industry. To pay HVUT, you will need to file Form 2290 , also known as the Heavy Highway Vehicle Use Tax Return, with the IRS. This form requires you to provide information about your vehicles, such as the VIN (Vehicle Identification Number) and gross weight. The HVUT payment is based on the weight of your vehicle, what cargo you hauled, and how far you hauled it. The funds collected through HVUT are used for various transportation-related purposes, including the maintenance and construction of highways. Remember, paying HVUT is a vital step in maintaining your motor carrier authority and ensuring compliance with federal tax regulations. Also, you cannot register for IRP (International Registration Plan) until you have submitted your form 2290. Step 6: Register for an International Registration Plan (IRP) Carriers must register for an International Registration Plan (IRP), which is an agreement among 48 states and Canada. This allows carriers to register their vehicles in one location and pay apportioned license fees to operate in other jurisdictions. The fees vary based on the amount of time operated in each jurisdiction and can range from $1,500 to $2,000 per vehicle. By registering for IRP and obtaining apportioned plates, your trucking company will have the necessary authorization to operate across multiple jurisdictions. This streamlines the process and ensures compliance with regulations in each state. Step 7: Set Up an International Fuel Tax Agreement (IFTA) Account IFTA is a similar agreement between 48 states and Canada for collecting taxes on fuel use. Quarterly returns must be filed in your home state to remain compliant with IFTA. Other states may require additional permits in addition to an IFTA license. To be certain all regulations are being met, familiarize yourself with the rules of any state you will do business in. Step 8: Enroll in a FMCSA Drug and Alcohol Testing Program Once you have your MC authority, DOT number, and permits, you need to complete one more step. The FMCSA mandates all CDL drivers in your organization to join a drug and alcohol testing program. The FMCSA and USDOT have set rules for testing, substances, and frequency. The FMCSA provides instructions on staying compliant with their drug and alcohol testing requirements. Ready to Set Up Your MC Authority? In conclusion, obtaining MC trucking authority is vital for motor carriers and brokers in the transportation industry. This authority signifies compliance with federal regulations and ensures the safety and integrity of operations. Click here to download our list of industry partners who provide services for truck drivers with their own authority and take advantage of exclusive discounts . It is important to note that maintaining active operating authority and adhering to federal regulations is essential for remaining in business. If you have additional questions about getting your own operating authority or need help with the process, click here !

  • Time For Financial “Spring Cleaning”

    The days are longer and the temperatures are warmer – so it must be spring. For many of us, that means it’s time for some spring cleaning. But why stop with sprucing up your living space? This year, consider extending the “spring cleaning” concept to your finances as well. How can you tidy your finances? Here are some suggestions: “De-clutter” your portfolio As you go through your home during your spring cleaning rounds, you may notice that you've acquired a lot of duplicate objects – do you really need five mops? – or at least some things you can no longer use, like a computer that hasn’t worked for years. You can create some valuable space by getting rid of these items. And the same principle can apply to your investment portfolio, because over the years you may well have acquired duplicate investments that aren’t really helping you move toward your goals. You may also own some investments, which, while initially fitting into your overall strategy, no longer do so. You could be better off by selling your “redundant” investments and using the proceeds to purchase new ones that will provide more value. Get organized During your spring cleaning, one of your key goals may be to get organized. So you might want to rearrange the tools in your garage or establish a new filing system in your home office. Proper organization is also important to investors – and it goes beyond having your brokerage statements in nice neat piles. For example, you may have established IRAs with different financial services companies. By moving them to one provider, you may save some fees and reduce your paperwork, but, more important, you may find that such a move actually helps you better manage your investments. You’ll know exactly where your money is going, and it could be easier to follow a single investment strategy. Also, with all your IRAs in one place, it will be much easier for you to manage the required minimum distributions you must start taking when you turn 70-1/2. (These distributions are not required for Roth IRAs.) Protect your family’s financial future When cleaning up this spring, you may notice areas of concern around protecting your home – perhaps there’s a crack in your window, or your fence is damaged or part of your chimney is crumbling. Your financial independence – and that of your family – also needs protection. Is your life insurance sufficient to pay for your mortgage, college for your kids, and perhaps some retirement funds for your spouse? Do you have disability insurance that can provide you with some income if you become ill or injured and can’t work for a while? Have you considered the high costs of long-term care, such as an extended nursing home stay? A financial professional can help you determine if your insurance coverage is adequate for all these needs and if you're paying too much. Look for recurring expenses Each year it seems like most of us are always signing up for at least one subscription based service. Log in to your bank account and browse through your statement. Do you see any recurring expenses that you no longer have a need for? If you do, then make sure you cancel them because that is money right back in your pocket. Knock out your debt If you have found yourself struggling with debt, then now is the perfect time to start working towards eliminating it. If you need a little help getting started with the process, take a look at The Avalanche Method . With this, you will prioritize your debts by their interest rate. Start by paying off the debt that has the highest rate and then move on to the next highest debt until you are debt-free. Another popular method is The Snowball Method , where you will start with the debt with the lowest balance and move on to the next highest balance until everything is paid off. Start your tax planning for next year Don’t wait until the end of the year to start planning for next year’s taxes. If you are a company driver that receives a W-2 make sure that your W-4 form is up to date. If you get married or have kids then your allowances will have changed. This is also a good time to start making charitable donations, which will help lower your taxable income. Consider putting these spring cleaning suggestions to work. They may help you keep your financial house in good shape for all the seasons yet to arrive. This article was written by Edward Jones for use by Greg Hall, Financial Advisor with Edward Jones. He can be contacted via email at greg.hall@edwardjones.com or via phone at 303-985-0045.

  • Creating a Profit Plan for Your Business

    Constructing a personalized profit plan is one of the most important things that an owner-operator can do. This is your roadmap to financial success. A profit plan consists of two main items: revenue, and expenses. When determining revenue for a client, we run through quite a few different pieces of information that help give us a complete picture. We start by determining the number of miles a client thinks they will run on any given month. We then use their rate per mile to give us a good starting point. Other factors like fuel surcharge and miscellaneous pay will allow us to determine total revenue. Once we have determined the kind of revenue your business expects to make, it’s time to talk about the expenses you will encounter. Things like your truck payment, truck insurance , licenses, permits, and FHUT are all fixed expenses. These are things that you pay for whether or not your truck is running. In addition to fixed expenses, there are also variable expenses that can fluctuate from month to month. Things like fuel, maintenance, and fuel taxes are all examples of variable expenses.  Once we have helped you put together your profit plan, you will know exactly how many miles you need to run each month in order to break even. Once you hit your break-even point, from there it’s all profit in your pocket. It’s a good idea to review this profit plan several times throughout the year to see how you’re doing and make sure your numbers haven't changed. Are you making enough money to pay your quarterly tax estimates? Have you saved enough for that vacation you’ve been planning? Are you running the miles you thought you would? All of these are questions you should be asking yourself on a regular basis. If you haven’t created a profit plan for your business yet, call ATBS to get started. Your assigned business consultant will walk you through all the things that help make up your monthly revenue and expenses and guide you to higher profitability.

  • Waiting for Election Day for the Freight Market to Turn

    The freight market has been navigating rough waters lately, creating challenges for many owner-operator truck drivers. The upcoming 2024 election adds another layer of uncertainty, with hopes pinned on a potential market rebound post-election. However, it’s important to recognize that regardless of the election outcome, the freight market won’t transform overnight. Policy changes and economic shifts take time to ripple through the industry, making immediate improvements unlikely. Instead of waiting for the market to rebound, there are proactive steps you can take now to regain control, and positively impact your trucking business: 1. Diversify Your Freight Options Diversifying the types of freight you haul can be a game-changer. Instead of sticking to familiar routes and cargo, explore new opportunities in industries less affected by economic fluctuations. Consider looking into routes in areas of the countries that others aren’t willing to run through, as well. For example, taking on freight that others may shy away from, such as routes into the heavily populated Northeast, can set you apart from the competition. By being willing to haul in areas that are more challenging, or less popular, you can tap into a niche market with potentially higher demand. 2. Enhance Fuel Efficiency Fuel costs are one of the most significant expenses for truck drivers. By implementing fuel-saving practices, you can achieve substantial cost reductions. Regular vehicle maintenance, proper tire inflation, and adopting fuel-efficient driving habits are just a few ways to lower fuel consumption. Investing in fuel-efficient technologies, such as aerodynamic add-ons and low-rolling-resistance tires, can further increase savings. 3. Leverage Technology Embracing technology can give you a competitive edge. Utilize apps and software for route optimization, load matching, and real-time tracking to find the best loads, reduce empty miles, and improve efficiency. Telematics systems offer valuable data on vehicle performance and driver behavior, enabling informed decisions that can boost your business’s bottom line. For more resources, see our lists of the best fuel savings cards and apps  and the best overall apps for owner-operators  to maximize your efficiency and savings. 4. Focus on Customer Relationships Building strong relationships with your customers is key to ensuring a steady flow of business. Providing reliable service, maintaining clear communication, and going the extra mile can make you the preferred choice for shippers. Loyal customers are more likely to provide repeat business and refer you to others, creating a stable foundation for your operations. 5. Optimize Your Financial Management Effective financial management is crucial in navigating tough market conditions. Keep detailed records of income and expenses, create a budget, and monitor cash flow closely. Working with a financial advisor specializing in the trucking industry, like our team at ATBS, can help you make informed decisions. Reducing fixed costs, such as by renegotiating insurance premiums or leasing agreements, can further stabilize your finances. 6. Stay Informed and Adapt The freight market is ever-changing, so staying informed about industry trends is vital. Engage with industry associations, read trade publications, and attend webinars like our ATBS Independent Contractor Benchmarks and Trends Driver Webinar on September 18th , to stay current on the industry. Being adaptable and willing to pivot your business strategy can help you weather market fluctuations. Networking with other truck drivers and industry professionals can also provide valuable insights and support. 7. Invest in Professional Development Continuous learning and professional development keep you competitive. Whether it’s understanding new regulations, learning about truck technology advancements, or honing your business skills, investing in your growth can yield long-term benefits. Earning certifications in safety, compliance, or specialized freight can also enhance your marketability and unlock new opportunities. While the freight market’s future remains uncertain, owner-operators can take concrete steps to strengthen their businesses. By implementing these strategies, you can navigate current challenges and position yourself for long-term success, regardless of the political landscape.

  • Choosing the Best GPS for Truck Drivers

    GPS devices have become an important part of our society. Many individuals utilize the GPS function on their cell phones to help them map out their commutes or plan a trip. However, as a truck driver, it can be difficult to maintain safe driving habits, while using the GPS features on your phone. Furthermore, the GPS functions on your cell phone don’t have the capabilities that you need as a truck driver. Thankfully, there are several advancements that have been made to the GPS devices on the market, supporting you in keeping your trucking business between lines and on the road. If you are a trucker looking for a new GPS device for your truck there are several features to keep in mind, to ensure accessibility and durability. Detailed Mapping Many GPS devices have been created specifically for truck drivers and the numerous vehicles they drive. The truck-specific mapping feature allows you to update your GPS with your truck weight, height, length, and specifics that may affect your route. This feature gives you the confidence to know that your route will be appropriately mapped out to ensure that you arrive at your destination safely and on time. Route and Mileage Capabilities The newest technology for GPS devices has enhanced features that allow you to receive current information about traffic, road closures, road infrastructure changes, and road work. This allows you to compare and pick from various routes to your destination to help you mitigate any delays and reduce your costs. Additionally, some GPS devices will update you when there is excessive engine idling to help you reduce fuel expenses. Driver Safety GPS devices allow you to keep your hands on the wheel and eyes on the road with voice assistants that provide directions to help you navigate your drive. They also come with features to warn you when you are going over the speed limit or braking too hard to mediate possible accidents. Some devices have Bluetooth connectivity that is paired with Siri and Google Now. As a result, you are able to connect your GPS to your smartphone, allowing you to make hands-free phone calls and receive text messages safely. Approved Roadways Now let’s talk about features specifically for GPS units meant for truck drivers. A good GPS for truck drivers will plan routes based on roads that are approved for semi-trucks. All you have to do is put in your truck’s information, including height, weight, length, and cargo. When the GPS knows this information, it will handle all the hassle of planning your route accordingly. Drive Assist Features A GPS for truck drivers will come stored with information that only a truck driver would be interested in knowing. They will have information on repair services, tow services, truck stops, weigh stations, rest stops, and more. These systems will also give information about curves, steep inclines, and narrow roads. Finally, a good GPS for truck drivers will provide lane assist to make sure you are in the correct lane in order to make an exit. Conserving Fuel Fuel is one of the most significant expenses that a trucker will face. That is why it’s important that your GPS can provide you with information in order to conserve fuel and make sure you aren’t spending too much. When you plan your route, a good GPS will let you know where to stop in advance to fill up with the most cost-effective fuel. Your GPS can also alert you if you are driving excessively fast or deviating from your planned route. Trip Logging Your ELD has to be synchronized with the truck’s engine to comply with the FMCSA’s ELD Mandate . This means that your GPS cannot be used as your approved ELD. However, the data that your GPS keeps can be used to verify that the numbers from your ELD are accurate. GPS units today can monitor your hours of service, driving status, hours of sleep, mileage, and IFTA fuel data . Fleet Management A collection of GPS units for truck drivers can also be used by a fleet manager to see the specific location of all of the trucks on the road. This can help improve the customer service of the company by allowing the manager to let shippers and receivers know how close their driver is to arriving at their destination. Managers can also make sure their drivers are on the correct route and driving appropriately. User-Friendly Interface When it comes to being in the trucking business every minute counts. This means that it is important to find a GPS device that is user-friendly and easy to navigate. Look for a device with intuitive controls and easy-to-read instructions. Furthermore, you may want to find a GPS device that has ELD integration, which can automatically track and log your hours of service. Durability You and your truck spend so much time on the road, it is important to find a GPS device that will endure the rough terrain and hard weather to ensure longevity. Look for a device that can withstand hot and cold temperatures, since it will be sitting near a window in your truck. There are also some devices that have a rugged waterproof casing and reinforced corners to handle the demands of the road. Best GPS Units for Truck Drivers Now that you know about the features that are available to you when purchasing a GPS, here are the highest rated GPS units for truck drivers that are on the market. Garmin Garmin is a well-known and trusted trucking GPS brand. Their devices have customizations available, which allow users to select different truck-specific settings, such as height, weight, and length. This information allows the GPS to generate the most efficient route for your specific vehicle. Garmin 010-02313-00 dezl OTR700, 7-inch GPS Truck Navigator $439 4.5 out of 5 stars (4,230 ratings) Large display with its bright and crisp touchscreen display with long battery life Load-to-dock guidance: Guidance shows potential loading zones or storage lots to help clarify where you need to go See popular truck routes used by other truckers Driver Alerts: warn you of upcoming sharp curves, speed changes, railroad crossing, and more. Truck-Friendly Parking: See truck-specific parking at truck stops and rest stops along your route while connected to the Garmin Drive app paired with your GPS-enabled smartphone. Easy Break Planning: Receive timely notifications that help you make the most of each stop. Voice Assistant: Your voice assistant responds to your spoken requests Wireless Updates: Built-in Wi-Fi connectivity makes it easy to keep your maps and software up to date without using a computer Traffic, Weather, and Fuel: Download the Garmin Drive app to access live traffic, weather, and real-time fuel prices. Plus, access to photoLive traffic cameras. Learn more: https://www.garmin.com/en-US/search/?query=GPS Rand McNally Another popular choice for truck drivers is the Rand McNally brand. Their GPS devices have accurate and truck-specific mapping and hazard updates. Additionally, they offer Wi-Fi connectivity, allowing access to real-time traffic updates adjusting routes based on traffic patterns and road work. Their designs are built to withstand life on the road with a strong mount firmly holding the GPS in place, along with thermal resistance allowing for extended use. Rand McNally TND 550 Truck GPS $301 3.8 out of 5 (354 ratings) Voice guidance: get advanced notifications of what’s ahead, such as turns, steep grades, or complicated interchanges Advanced routing: compare routes, use multi stop routing, and add up to 10 stops per route Exits quick view: quickly view amenities such as travel centers and fuel stops at upcoming exits Fuel prices and logs: view fuel prices on the map, then track fuel purchases and calculate fuel economy Service alerts: set service and maintenance alerts for your vehicle 3-D junction view: view upcoming junctions in 3-D with a split screen display with lane guidance for managing complex interchanges Warning: Set warning for speed limit changes, sharp curves and more Weather: Show the current forecast, or choose 10 different map overlays, like precipitation and wind speed. Toll costs: view estimated toll costs, compare routes without tolls, and plan routes to lower costs Millions of POI Listings: detailed information on travel centers, weight stations, service and repair stops. Address book: group and sort by name or distance, add custom POIs, then choose icons to display on the map. Learn More: https://store.randmcnally.com/truck-navigation.html TomTom TomTom is known for their intuitive interfacing, user-friendly controls, and accurate mapping. Their devices include voice-guided navigation, live traffic updates, and real-time speed camera alerts. They are slim, and lightweight, making them easy to mount. TomTom Trucker 620 6-Inch GPS Navigation Device with Wi-Fi Connectivity $276 (Used, Like New) 3.7 out of 5 (526 ratings) Active Magnetic Mount TomTom MyDrive: Plan routes, check live traffic, and save favorite POIs from your smartphone, tablet, or PC Customized truck routing: get customized routes for your vehicle type, size, weight, cargo, and speed, making your journeys more time efficient. Customized truck routing takes the guesswork out of driving, giving you a realistic arrival time and a safer journey. Compatible with Siri and Google Now: Activate and talk to Siri or Google Now by tapping a button and using the microphone on your TomTom Trucker. It can read messages aloud from your phone with your hands on the wheel and your eyes on the road. Needs Wi-Fi to update the device Learn More: https://www.tomtom.com/en_us/navigation/gps/ Xgody Xgody is a lesser-known GPS device known for their offline capabilities and reasonable prices. AV-in XGODY 8GB ROM SAT NAV System Navigator $94 3.6 out of 5 (4,256 ratings) Includes Bluetooth and AV-In Battery is built in, but needs a charge every 1 hour or so (Car charger 12-36V/2A Charging time is 2-3 hours Voice narration Lane navigation: which lane to go when encountering multi-lanes Custom quick search POI you can find gas stations, restaurants, railway stations, airports, and hotels near you. Supports multimedia functions. You can enjoy the movie MPS when you are tired and want to have a rest. Set up your truck profile to customize personalized navigation routes according to the height, length, and weight of the truck. Intelligently avoid the risks which may have route time, speed limit, height limit, width limit, weight limit etc. Learn more: https://xgody.com/collections/best-navigation-gps Don’t Throw Away the Atlas Although these GPS devices are specifically designed for truck drivers, it is still recommended that drivers have a physical map with them at all times. Technology continues to advance but still can’t be 100% trusted. Systems fail, break, run out of battery, etc. However, these GPS devices should work most of the time and allow you to be able to operate your truck as efficiently as possible.

  • Top 10 Things an Owner-Operator Should Do Every Day

    At ATBS, we understand that sometimes it can be difficult to find your routine. We know that as an owner-operator, your days and weeks can look very different. However, here are the Top 10 Things an Owner-Operator Should Do Every Day! 1) A Pre-Trip Inspection of your rig. Not only is it mandatory, but it's a great way to start your day. 2) Make the bed. It makes everything look cleaner, and it's an easy thing to accomplish first thing! 3) Plan your meals and snacks for the day ahead of time. Remember to include healthy snacks like fruits & veggies. 4) Map your route and fuel stops. Since fuel is such a big expense, this is a great opportunity to keep more of your hard-earned money! 5) Smile when greeting your dispatcher, a toll booth operator, or even the TA clerk working the register. 6) Plan to move. Seek out a place to walk at the truck stop, find a workout facility nearby, or do a quick workout in the truck. 7) Buckle up! 8) Reach out to your loved ones. Using a headset of course! 9) Send the day's receipts and track your Per Diem in the ATBS Hub . 10) Drive carefully!

  • What a Truck Driver Needs to Know About Starting an LLC

    Establishing a Limited Liability Company (LLC) can offer a layer of protection and professionalism often sought in the transportation industry. From the perspective of liability, tax implications, and branding, structuring a business as an LLC has significant advantages for truck drivers. This article will provide a roadmap to establishing an LLC, detailing the pivotal steps involved and other crucial setup tasks to consider, guiding you through the journey of turning your truck driving operation into a formal business entity. Are you a self-employed truck driver who needs help forming your own business entity? Click here! The Benefits of Starting an LLC for Truck Drivers Starting an LLC (Limited Liability Company) can offer significant advantages for truck drivers and trucking businesses within the trucking industry. Below are some benefits of forming an LLC: Limited Liability Protection An LLC safeguards the personal assets of a truck driver, protecting them from the risks associated with business obligations. This means in the event of business debts or legal action, personal properties such as a driver’s home or personal savings would typically not be at risk. Tax Flexibility With an LLC, truck drivers have the ability to choose the most advantageous tax structure for their financial circumstances. They can opt for pass-through taxation, where profits are reported on personal tax returns, or elect to be taxed as a corporation if it benefits their financial goals. Credibility and Professionalism Establishing an LLC conveys a strong message of dedication to responsible and compliant business operations. For trucking companies, this level of professionalism can be pivotal in attracting clients and securing contracts, as it suggests a commitment to legitimacy and stability. In sum, an LLC provides essential shields and options for truck drivers and their businesses. This makes it a compelling choice for those in the trucking industry seeking to establish or grow their operations. Steps to Start an LLC Starting a Limited Liability Company (LLC) within the trucking industry involves several important steps: Choose a Base State Identify the state in which your LLC will primarily conduct its trucking business. This decision should consider tax structure implications and operational convenience. Name Your LLC Carefully select a unique and compliant name that meets state requirements and reflects your trucking business. Designate a Registered Agent Appoint a responsible party or service within your base state to receive legal documents on behalf of your LLC. File Articles of Organization Submit the necessary formation documents to the state office, outlining key details about your trucking company. Obtain an EIN Apply for an Employer Identification Number from the IRS, which is necessary for tax purposes and to hire employees. LLC Operating Agreement Draft an agreement that details the ownership structure, member roles, and operation procedures of your trucking business. By following these steps methodically, entrepreneurs in the trucking industry can establish a solid foundation for their company under the protective structure and flexible tax benefits of an LLC. Other Important Setup Tasks Starting a trucking business requires more than just registering your company as a limited liability company (LLC). After determining the appropriate tax structure and formalizing the entity, there are several other critical setup tasks that must be addressed to ensure operational readiness and legal compliance. Business Bank Account Setting up a dedicated business bank account is vital for managing finances, tracking expenses, and maintaining the financial integrity of your trucking company. This separation from personal finances also supports the limited liability status, helping to protect personal assets. Licenses and Permits Your trucking business must acquire the necessary licenses and permits to operate legally within the trucking industry. This may include a Commercial Driver's License (CDL), motor carrier operating authority (MC number), and various state-specific permits. Insurance Coverage Obtaining adequate insurance coverage is essential for protecting your business from potential risks. Required insurance may include liability insurance, cargo insurance, and coverage for any non-owned trailers. These foundational steps create a stable platform for your LLC trucking company to operate within the broader framework of the trucking industry. Tax Options as an LLC After forming an LLC, the business will have the option to be taxed as a C-Corporation, an S-Corporation, or neither and file as a Disregarded Entity, where the business income and expenses are reported on the owner’s personal tax return on a Schedule C. By electing to be taxed as a C-Corporation the business would be required to pay corporate income taxes and the shareholders would be required to pay individual income taxes on the wages and dividends that are distributed by the business entity. This is known as “double taxation” and makes this election unwise for any small business. A great option for a trucking business may be for the owner(s) to elect for their LLC to be taxed as an S-Corporation. The S-Corporation is considered a pass-through entity. This means the income is not taxed at the corporate level and the profits are distributed to the shareholders who pay tax on the percentage of business income allocated to them at the individual level. The individuals are responsible for paying income taxes but they do not pay self-employment (Social Security and Medicare) taxes on distributions. It’s important to note that S-Corporations are required to run regular payroll and pay themselves a W-2 wage. This should be deemed reasonable compensation, which the IRS defines as the wages for a comparable individual in the same industry, with similar experience, and located in a similar location. And, you must file a corporate tax return in addition to your personal tax return. Depending on the level of consistent income, it may be a tax advantage for an LLC to elect to be taxed as an S-Corporation. However, if that income level is not high enough, an LLC electing to be taxed as an S-Corporation may cost more than the savings received in taxes. A general rule of thumb that ATBS suggests is if the business will produce a net income of $80,000/year or more there may be some tax savings being taxed as an S-Corporation. This chart is a simplified example comparing the taxes for an LLC taxed as a sole proprietorship and an LLC taxed as an S-Corporation. LLC - Taxed as a Sole Proprietor LLC - Taxed as an S-Corporation Income $90,000 $90,000 Wages - $50,000 Taxable Income $90,000 $40,000 SE Tax or FICA $13,770 $7,650 TAX SAVINGS $0 $6,120 Here is a free e-Book that goes into much more detail on the different business structures. The decision of whether or not to incorporate your business and file your taxes as an S-Corp should be based on detailed business and tax analysis by your accountant . If you have any questions or want more information, please call ATBS at 866-920-2827, or visit our website at www.atbs.com.

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