Guides about taxes

• How does per diem work for truck drivers?Per diem for truck drivers is a flat daily amount used in place of tracking every meal and incidental cost.
• How much should an owner operator set aside for quarterly estimated taxes?An owner-operator often sets aside part of every settlement to cover two things: self-employment tax and income tax.
• How should an owner operator track expenses and receipts so tax time is easy?An owner-operator may find it helpful to keep business receipts, log them within a week of the purchase, and pay business costs from a separate…