Read this thread from page 1. Wanted to say thanks for sharing your experience, the good and the bad. I'm a company driver out of the Markham terminal and I've been heavily considering aiming for IC status in a couple years. Taking notes on how to set myself up for success. I hope things have picked up for you since moving into your new rig.
Company Driver to IC
Discussion in 'Superior Carriers' started by ncdriver1, Apr 28, 2016.
Page 14 of 16
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
-
-
dwells40 Thanks this.
-
-
As the business owner when I take a draw there is no employer side of taxes to pay, so if I drew an extra $1000 per week as an owner I would save that $200 and only owe regular income tax ($1000 salary + $1000 business income as owner).dwells40 Thanks this. -
-
-
johnnyboggs said: ↑I just googled it and i think i understand it now. If an owner takes a draw, he only pays income tax on that money. He doesn’t pay the medicaid and SSI. Is that right?Click to expand...
-
johnnyboggs said: ↑We were posting at the exact time that’s precisely what i gathered from Google. I had A business and was set up as a sole proprietor. I’m 99% certain that as a sole proprietor I paid payroll taxes on 100% of my business’ profit. It was ALL considered payroll. If you set up as an S corp what would prevent you from paying yourself $100/week and taking the rest in a draw in order to save the payroll taxes? There’s probably an obvious reason that I’m missingClick to expand...
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 14 of 16
Related Categories
-
Karns City
KenHoo75 posted Mar 9, 2021 -
Superior carriers
Yankee1919 posted Aug 14, 2020 -
Curious
Yankee1919 posted Jul 13, 2020 -
considering this is Superior....
yankatank posted Feb 7, 2020 -
Superior carriers independent...
Ljordan91 posted Jan 17, 2020 -
New driver considering Superior
Mobious212 posted Jan 7, 2020 -
It's official!
yankatank posted Dec 19, 2019 -
just keep it going....
yankatank posted Dec 5, 2019 -
straight ELD mode!
yankatank posted Sep 23, 2019 -
What did you have to do for...
Orlandodriver posted Sep 16, 2019
Loading...
Recent Threads
-
Scale discrepancies.
MACK E-6 posted May 29, 2025 at 6:33 PM -
Another Meat Heist In Where...
mjd4277 posted May 29, 2025 at 6:28 PM -
Decent work gloves…
MACK E-6 posted May 29, 2025 at 6:23 PM -
I’m guessing nobody can read...
drvrtech77 posted May 29, 2025 at 5:08 PM -
Bought a trailer with a salvage...
J&NINC posted May 29, 2025 at 3:57 PM -
99 Peterbilt 379 A/C Electrical...
Steve2454 posted May 29, 2025 at 1:47 PM -
Reefer fire
JB7 posted May 29, 2025 at 12:34 PM -
Dunderhead passes semi in...
Flat Earth Trucker posted May 29, 2025 at 10:48 AM -
Need a company that will take...
KINGCAL87 posted May 29, 2025 at 9:42 AM -
Someone Just Bought A New...
mjd4277 posted May 29, 2025 at 5:06 AM
Loading...