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THE ADVENTURES CONTINUE - DFO gets a truck and hops on Schneider's IC Choice Program

Discussion in 'Schneider' started by dieselfuelonly, Nov 1, 2013.

Page 230 of 388
  1. May 31, 2014 #2291
    stevep1977

    stevep1977 Road Train Member

    3,701
    22,351
    Dec 23, 2010
    Chicago, IL
    0
    They check the seal at their Coon Rapids, MN facility lol
     
    stevep1977, May 31, 2014
    stevep1977, May 31, 2014
    #2291
    rickybobby and mickimause Thank this.
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  3. May 31, 2014 #2292
    dieselfuelonly

    dieselfuelonly Road Train Member

    2,475
    5,086
    Nov 12, 2012
    Chapel Hill, NC
    0
    Been enjoying a lot of time at home over the last couple weeks, last week due to needing to get my PM done and this week because well it is just so nice here in NC and I felt like it. I was planning on being home for just a restart but I ended up deciding to work on some other projects and spend some time with my family. Small paychecks of course, but sometimes I forget that there is more to life than trucking. I'll squeeze one last load in before pay cutoff on Monday night and all will be good. Hope everyone has been staying busy (or enjoying some time off too!)
     
    dieselfuelonly, May 31, 2014
    dieselfuelonly, May 31, 2014
    #2292
    6 Speed, 91B20H8, mickimause and 5 others Thank this.
  4. May 31, 2014 #2293
    FogLine

    FogLine Bobtail Member

    20
    12
    May 31, 2014
    0
    How does the choice program work as far as taxes go? How much schould I be putting away, how do I determine how much etc.
     
    FogLine, May 31, 2014
    FogLine, May 31, 2014
    #2293
  5. May 31, 2014 #2294
    tynodine

    tynodine Light Load Member

    95
    43
    Oct 29, 2008
    Hopkinsville, Kentucky
    0
    I always put back .20 of every $1 for my taxes. If you file quarterly, you come out cheaper as well. With all the deductions, you will probably have some left over at the end of the year, but I have always found it to be a safe cushion. It never hurts to put the leftover into your rainy day fund after you do your annual taxes.
     
    tynodine, May 31, 2014
    tynodine, May 31, 2014
    #2294
    91B20H8 Thanks this.
  7. May 31, 2014 #2295
    moosc

    moosc Road Train Member

    3,284
    1,172
    Mar 5, 2009
    Lincolnton NC
    0
    Also get a good truck driver accountant, they'll find you stuff you'll normally miss.
     
    moosc, May 31, 2014
    moosc, May 31, 2014
    #2295
    91B20H8 Thanks this.
  8. May 31, 2014 #2296
    FogLine

    FogLine Bobtail Member

    20
    12
    May 31, 2014
    0
    Is tax based on total revenue? And not just on what you take home?
     
    FogLine, May 31, 2014
    FogLine, May 31, 2014
    #2296
  9. May 31, 2014 #2297
    nightgunner

    nightgunner Road Train Member

    2,112
    2,799
    Jul 23, 2013
    Cedar Rapids, IA
    0
    I pay 25% of each weeks settlement. I just cut the check for the 2nd quarter estimated taxes. Ouch...
     
    nightgunner, May 31, 2014
    nightgunner, May 31, 2014
    #2297
  10. May 31, 2014 #2298
    stevep1977

    stevep1977 Road Train Member

    3,701
    22,351
    Dec 23, 2010
    Chicago, IL
    0
    Taxes would be based on earnings, not revenue. Net profit would be taxable as a generic answer. Of course, depending on how your company is set up (sole proprietorship, corporation, etc) will change how you are taxed. I am familiar with accounting in general but one thing I didn't get too familiar with is tax accounting lol, so I won't go into further detail.
     
    stevep1977, May 31, 2014
    stevep1977, May 31, 2014
    #2298
  11. May 31, 2014 #2299
    Jar-Head

    Jar-Head Road Train Member

    1,358
    959
    Dec 7, 2013
    0
    I'm headed to GB be there tomorrow who's joining me ... Lol

    or

    or who will be up there in GB
     
    Jar-Head, May 31, 2014
    Jar-Head, May 31, 2014
    #2299
  12. Jun 1, 2014 #2300
    SmokinBoles

    SmokinBoles Medium Load Member

    477
    133
    Jun 7, 2013
    Seville, OH
    0
    We will be in Green Bay in five weeks from tomorrow. July 7th is our date.
     
    SmokinBoles, Jun 1, 2014
    SmokinBoles, Jun 1, 2014
    #2300
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