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How Do I Track My Expenses?

By |2023-03-29T16:43:14-05:00March 29th, 2023|Categories: Transportation|Tags: , , , |

Hey, Abe! I have been gathering my expenses for the upcoming tax year, but I am getting all turned around when I try to ensure that everything is included. Where do I need to start with expenses, and what all factors in to the business?Tax season can be a stressful time as a business owner. Fortunately, [...]

What if I miss the tax-filing deadline?

By |2023-03-03T11:05:51-06:00March 3rd, 2023|Categories: Transportation|Tags: , , |

Hey, Abe! Things have been pretty busy with my business, and it’s looking like I may not be able to file in time. Should I be worried? What do I need to do? You are not alone. It isn’t easy balancing the workload when you are self-employed. Fortunately, the IRS understands this as well and gives [...]

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How do I plan my final contributions for 2022?

By |2023-02-01T12:31:45-06:00January 24th, 2023|Categories: Transportation|Tags: , , |

Abe, I am planning out my final contributions for 2022 with my IRA. How long do I have to submit that for the tax year 2022 and while you’re at it, what are the contribution limits? What a great time to be planning out those retirement contributions. You are setting yourself up for success! First things [...]

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Is filing taxes really that important?

By |2023-01-24T11:23:04-06:00October 14th, 2022|Categories: Transportation|Tags: , , |

Hi Abe! I own a trucking business and taxes are the last thing I want to worry about each year. It is tough to find the time to get my documents together while ensuring I haven't missed anything, and on top of that, I've got my business to run. Is filing taxes really that important? What [...]

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Preparing for the 2022 Tax Season as a Lease/Owner Operator

By |2023-01-24T11:23:59-06:00October 10th, 2022|Categories: Transportation|Tags: , , , |

Hey Abe! I am a lease/owner operator and I'm planning ahead for the 2022 tax season. I will receive a 1099-NEC, but I also have some W-2 income from a company job. How many different returns will I have to file? Great question, and I am glad to hear you are thinking ahead! Let’s start with [...]

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