Considering a Second Business under your LLC

By |2024-05-09T15:34:42-05:00May 8th, 2024|Categories: Transportation|

Hey Abe! Can I run a second business under my trucking LLC? Abe: Oooh, Thanks for asking this one. The answer to this question is technically yes, however it is often not wise to run multiple businesses under the same single-member Limited Liability Company (LLC). Here are a few reasons why: First, you must consider what [...]

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Penalties & Interest After the April 15 Deadline

By |2024-05-17T13:40:41-05:00May 3rd, 2024|Categories: Transportation|Tags: , , |

As we move past last month's deadline, it's crucial for individual taxpayers to understand the potential penalties and interest that may accrue if taxes remain unpaid after April 15th. The IRS imposes three distinct penalties for failing to pay taxes and file tax returns by the deadline: the failure-to-file penalty, the failure-to-pay penalty, and interest charges. [...]

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