My starting job in 2002 at Werner was 25c per mile. Obviously, they must have thought it was reasonable and indeed I agreed to work for as much.
I don't know what they pay there now but 100 000 miles a year amounts to $25 000 a year + some insignificant accessorial pay. Suffice to say, I was not there for too long.
Looking for clarity
Discussion in 'Ask An Owner Operator' started by S.V.Buyck, Mar 7, 2021.
Page 2 of 4
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
-
-
-
@S.V.Buyck, don't overthink this too much. As long as you can pay your taxes when they are due, as an O/O you don't have to do a bunch of complicated accounting. You also don't need a CPA, unless you have some special circumstances that warrant it like other businesses. Just ask some tax preparers if they do small businesses, specifically trucking. My guy has had a ton of truckers over the years so he knows what he is looking at.
All of my pay from brokers comes to two accounts I have, one personal (the first one I had) and a basic commercial bank account because some brokers require that.
Anyway, I do recommend a paper trail or sorts, even online is fine. I move a salary from my work account to my personal (and wife's) account once a month. At the end of the year I can simply print out that I paid myself a salary each month. Then I sit down with my tax man and pay him about $200 to figure out my taxes. Usually takes about 2 hours with him.
It is much simpler than people make it out to be.
I will never register as LLC, I just don't see the benefit. Neither does my tax man.Vampire, Speed_Drums and S.V.Buyck Thank this. -
-
-
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 2 of 4