Flatbed percentage pay

For future reference.
Only lease or owner operators get paid on a 1099.
Employees have W4, I9 on file and get a W2 every year.

If you are currently being paid via a 1099 contract, you are responsible for all taxes owed on that income.
City, county, state and federal. In some places that can be as much as 55 percent.
That said, during you time at this company, you need to start getting and keeping copies of receipts. Also set aside about 10 to 12 percent of your gross weekly pay for quarterly taxes. This industry gets a close eye from the IRS.

 

Is this a joke??? If this company has charged you for fuel, you need to call the Dept of Labor and or take them to court. Under no circumstances should a company be charging a company driver for fuel.

 

Hmmm, Im reading this and wondering about what I am going to do. Im going to work for an O/O next week and this is how he is going to pay me.

Weekly permits/occupational insurance = $700, we split 50/50 taken off the top of what the truck makes
Fuel = We split 50/50 taken off what the truck makes
What ever is left over = We split 50/50

1099 to my business and I will keep copies of ALL receipts for everything.

So truck gross = 10k for the week, weekly bs = 700, fuel = 1500 (guess) truck net = 7800 split 50/50, my share would be 3900. These arent factual numbers, just example.

What do yall think about that set up?

 

Never heard of a company being forced to pay for fuel.

 

A lot of the steel haulers in Chicago pay like that. I used to talk to those guys in burns harbor all the time

 

Should be illegal.

If I did this to my drivers, I would be a billionaire. What a pos owner.

 

@Ridgeline why do you say that? He is paying the truck payment, insurance, and all maintenance and any other incidentals. He is paying half of the stuff the company he is leased to requires all drivers to have like my occupational insurance. As far as half the fuel, its incentive to not get out there and be retarded with the throttle and idling the truck constantly so Im fine with that.

So how/what do you pay your drivers? What are they averaging miles per week?

 

I think it sounds kinda scammy like @Ridgeline said. You either foot the bills as a O/O or you work for the guy, not both. This sounds like he is running on a shoestring budget and needs help paying the bills (I don't know that for sure but it's what it sounds like to me). Plus the whole 1099 thing would send me running unless I owned the truck and business and was just pulling work from him. Why 1099 when you can go get healthcare and a 401k and not have to pay any of the trucks bills elsewhere as a company guy which is what you will be here except you have to split the bills with the owner....isn't that what partners do?

 

I say this because of a few reasons, one is more often than not the owner who has the driver pay for any fuel is cheating the driver. The driver is an employee unless there is a contract and the freedom to run the truck their way.

My drivers work on the base split 60/40, where the one who pays for fuel gets the 60%. I have maybe a dozen drivers who take the 60% and they get 100% of any fsc.

This is a base, some make a lot more percentage because they bring more to the company than just driving skills.

They are also under a tight contract that has been through the IRS/DoL audits a few times, they are paid as 1099. BUT then they also have to pick their own loads and manage the truck. The only drivers who are told what to do are those who are on dedicated work or are the floaters who help out when a driver is sick or on vacation.

99% of them make really good money, they don't think in terms of miles but revenue per load going forward.

Your situation as you spelled it out is making you a leaser, not an employer and I am betting there is no contract or if there is one, it is a boiler plate cobbled together one.