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Company driver vs. owner-operator: Only one can legally hide $72,000 a year from the IRS. Guess which
Quick ReadOwner-operators stack employee and employer Solo 401(k) contributions, legally sheltering up to $72,000 annually.
Truck drivers occupy two very different tax universes. Company drivers get a W-2, a payroll-split FICA tax, and access to ...
"Owner-operator" is one of those terms that sound self-explanatory, especially when it comes to truck drivers. Evidently owner-operators own the trucks they drive, right? Well, many of them do, but ...
DETAILS: Brielle Jaekel of FreightWaves and Adam Wingfield, founder of Innovative Logistics Group, discuss strategies for maximizing profitability. The North Carolina-based company serves small ...
Of Schneider National’s 13,000-plus drivers, more than 2,200 are owner-operators like Andy Mills, shown here. Photo: Schneider National The Great Recession was tough on owner-operators. Many parked ...
An owner-operator is essentially a sole proprietor, or a single-person business in which the owner also runs the daily operations of her company. An owner-operator has the right to make all decisions ...
OOIDA's Todd Spencer says the last round of hours-of-service changes cut the number of husband-and-wife owner-operator teams. OOIDA's Todd Spencer says the last round of hours-of-service changes cut ...
Truck driving was a popular occupation long before the movie, "Smokey and the Bandit," came out in 1977. According to the U.S. Bureau of Labor Statistics, despite a poor economy and high gas prices, ...
On Wednesday, FreightWaves hosted its Small Fleet & Owner-Operator Summit, with Todd Spencer, president of the Owner-Operator Independent Drivers Association, as its keynote speaker. 2024 is an ...
If anyone has a 360-degree view of being an owner-operator or a company driver, it’s Scott Miller. In just the past few years, he’s not only held both roles, he’s also now a fleet owner who employs ...
A tax specialist who represents owner-operators says Canada Revenue Agency (CRA) may be incorrectly classifying legitimate ...
Add Yahoo as a preferred source to see more of our stories on Google. OOIDA has filed its latest brief in its fight against AB5. (Photo: Jim Allen\FreightWaves) The latest brief by the Owner-Operator ...
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