Finding drivers

I can see the 1099 being a serious negative.

I have been in the workforce going on 43 years, (since 1974). I am currently 60, will be 61 this year.

By the GRACE OF GOD, every employer that I have ever had, (a total of 9), has paid into Social Security & Medicare, along with Social Security & Medicare deductions being deducted from my paycheck.

There have been years that were very lean. FORTUNATELY & THANKFULLY I had always met the minimum amounts, (in wages), to get the full 4 quarters for each of these 43 years.

If nothing else, regardless of what job you obtain, you want the employer, along with yourself, paying into Social Security & Medicare.

If I were to collect Social Security at 62, my estimated monthly benefit would be about $800 a month. If I were to collect Social Security at age 70, my estimated benefit would be about $1,400 a month.

Part of the Social Security retirement formula is based on the highest 35 years of contributions into the Social Security & Medicare system.

Being paid on a 1099, for many people is a GRAVE MISTAKE.

God bless every American and their families! God bless the U.S.A.!

 

Now this is a bossman to run for.

But.. I can imagine the little expenses might add up a bit fleet wide wont it? If you have retained good people then it's worth it.

1099 is a fearsome word. We had one who recently posted here stating that he pretty much ran as he pleased rolling in the money only to discover that possibly the tax bill will be a monster because he did not know what to set aside for it. I don't mind handing over some taxes... but not one dollar more. lol.

 

You have the exact right attitude. I'm sure your very successful. I think the key in work as in life is do onto others as you would like done to you. If you show respect, act professional, aren't a pushover and work hard yourself generally you attract the same. My point being for the OP, would you go to work for your company?

 

I'm an Exec Recruiter by trade, no, not in trucking. 1099 is the equivalent as flat out saying, hey, buddy, your on your own.

 

I appreicated the ideas Beachin.

My biggest draw late in trucking or any work really is a nice decent salary. To where you can forget about the constant ups and downs of daily grind out the hours or miles and focus on doing things better. I have been paid good salaries in my time now and then, and I believe it was the best of times because you go work for the joy of it and the money will be there anyway. However. you had to be careful because if you did not do it well.. guess what? That goes bye bye.

 

Good luck with that in today's politics.

 

That I think is the reason everyone says trucking is so hard. Your driving a huge bomb. Your expected to stay awake, alert and generally as children we are driven in vehicles to get us to fall asleep. Ha ha, it's true! And then for the good responsible drivers you have to put up with everyone's bad mouthing because let's face it, the bad ones get seen in your business. They kill people for Christ sake! So you do everything right one would expect a steady amount of money you could rely on. I've never spent so much time researching companies in everyway, not just money before submitting my bfs resume. We've been together about 30 years so bf, husband, same same. You drivers have it tough. I have more respect now then I did 20 months ago that's for sure.

 

I've thought of recruiting for trucking because you guys need honest recruiters out there but it's just not worth the trouble. I do IT.

 

OK got that part.

Of course they do, you are not offering any incentives or retention scheme for them to see. So it is all about the money, nothing more.

I don't understand where you think a company will provide you drivers, I think there is more of a chance to find approved driver through a company than anything else.

Don't understand that one either, how would you be more financially stable?

I mean shifting the OC to some other entity doesn't do a thing for you, you will still have the same problems.

First learn how to put spaces between paragraphs.

Second you need to understand that driver recruiting and retention is one of the hardest thing in this business and for most part is ignored, so it should be your first step to expand - learn how to find and keep drivers.

Third is this 1099 thing, now many people who don't know the laws or how things work with the IRS/DoL say it is illegal, it isn't unless you ignore what it means - these are independent drivers when they are 1099'd. This means they have a lot of latitude to make the delivery, and you can't tell them what to do.

That said ... let's move on.

I have a suggestion - try a temp agency.

I work for one (still employed by one that is) and they do the filtering, recruiting and so on. They ain't cheap but if you need to produce revenue, it is a good way to get moving, even if you get zero profit out of it for a while, it may be better than doing nothing.

I don't mind giving advice, but I hope you come back to ask more questions.

 

I got a new rule here, I will try not to buy more trucks until I have a good driver locked in first. Then I will let the driver drive my truck until I fish out the new truck and get the kinks worked out with it.

If you do it legal with W-2, plan on matching FICA, paying in FUTA, possibly state workers comp and disability insurance, and state unemployment. Man, isn't that handful for being legal. That's about a couple hundred weekly per driver

But one 1099 guy, deemed not to be a contractor, who ends up not paying their taxes... well it shuts a lot of people down/ esepecially if this goes on for say 10 years, then the audit comes, now the owner is paying back taxes of that employe and/or employees, with interest.

These are stories I hear from others about 1099 vs w-2