seeking opinion's

why would you drive a company truck as a sub contractor? this their way of not covering you on workmens comp ins. as for pay it varies by company but if you an about rate they offered someone can tell you whether to walk away or run

 

Also ,you need to plan for tax time since as an independent they wont be taking out taxes, and at the end of the year you get to pay. Make sure you at least have some sort of medical, you can get that through ooida, I think its called occupational hazard insurance, its a cheap alternative to workers comp. These people doing this kind of business are skirting the laws because you dont own the equipment and probably have no say in the loads you haul.Good Luck

 

I have a friend runs a small flatbed outfit ( 10 trucks ) and pays his guys 25% of the load excluding fuel surcharge - I think it works out to upper 40's for most of the drivers. Pay is on a W-2. I know they get a small bonus for clean inspections and the company will pay 50% of health insurance if you are there a year. I have no idea about extra tarp pay, etc....I think 5 of his guys have been there for a while and the other 5 there is some turnover.

 

30% after fsc and the employer had better have workman's comp on you.

 

Also, the company is NOT paying into social security (FICA), Medicare, or disability (on the social security side). This sounds way too risky from the start.

 

This is a bad idea, driving their tractor trailer you are not a sub contractor you are a employee, this is a giant red flag run for the door your going to get screwed.

 

Why are so many people against 1099's first the BS reason of this is a way around workmans comp. You better check around. A lot of companies don't have it. It is not a Federal Requirement but a State by state choice. As for the Tax issue. that's simple planning. As a 1099 you also have BETTER tax options for deductions and so forth. You have better control over your money. As for a rate, nothing less than 45 cent a mile or 25 percent of the load after FCS. When I had my 10 trucks a looked into going to w-2 and my drivers #####ed. they wanted to stay on 1099's. they made more money and with the tax options that opended up to them they saved on taxes.

 

When you are paid on a 1099, you are classified as an independent contractor and as a virtue of this, you better have some mighty good insurance to protect you if you are ever involved in an accident, because you are out there on your own without any protection from the company. If you doubt what I am saying, ask any good lawyer. Not only do you need insurance to protect you if case of a "job injury", you need insurance to protect you if you are in an accident. The company can walk away from you and laugh. You are an "independent contractor" out on a limb, all by yourself.

 

If it is a company truck, the owner is required to carry insurance on it, unless he pays a bond to be "self insured". How would a 1099 driver not be covered? The driver is working for the owner, driving his truck and hauling his freight.