I’m pretty much dedicated to a logistics company but technically I’m leased to a carrier because I use my friend’s authority. I could get my own authority and keep doing what I’m doing because technically the logistics company is separate from their trucking side. The “B” part says you can’t use contractors to perform your main business function ie: a trucking company can’t use trucking companies as contractors.
Warning all leased O/O
Discussion in 'Ask An Owner Operator' started by PoleCrusher, Jun 8, 2021.
Page 17 of 33
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dwells40 and PoleCrusher Thank this.
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FICA taxes is what they are after. The payroll model has become too obsolete for the taxation model to be effective any longer.
That's understandable and to be expected. Manufacturing is shrinking and the service sector expanding which thrives on freelancing and contractual relationships, more poeple can work from home too.
It is, and should be, a natural thing of a person wanting to live in a free world to minimize paying taxes or legally avoid them.
If there are avenues to do so, they will be used.
Who of you all, don't look for write offs and exemptions?
Therefore, the Fair Tax System would solve all these problems including all the bureaucratic burdens this act would bring about, if ever passed.Eldiablo, TheLoadOut, dwells40 and 4 others Thank this. -
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It's there for commissioned sales to write off the expenses incurred generating revenue for the company.
It wouldn't take much of a stretch to apply that to myself or rollin coal. If we don't book freight, there is no revenue for the company. Its our truck, our efforts that generates the revenue.rollin coal and TheLoadOut Thank this.
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