Excited Newbie

Sounds good, except as a 1099 employee, you are a subcontractor. That means, NO BENEFITS, AND NO TAXES withheld from your earnings. So, You will have to get yourself a tax proffesional, and set aside about 28-32% of your weekly gross income to cover your income taxes. And, your may have to file your taxes quarterly.
So, you will need to weigh your options carefully. Good luck

 

You got that Right. Tax man will have a hey day with you if your not preped for it. On the bright side, EVERYTHING that you use in your truck to conduct business or non-reimbursed expeses can be used as a deduction. You might need to check with your state Government as well. You may be required to pay addtional taxes to them as well.

 

stay away from 1099 jobs till you have much in the way of actual driving experience and wisdom. they may even offer a brand spanking new 2008 model year truck, but the pay will stink big time as they WILL not pay much money or benefits.. oh and by the way, 29% of A LOAD.....!! what does it pay if you have to drive deadhead (empty) miles.....?? probably ZERO...., but hey, you'll be driving a shiney new truck for ZERO, so what's the difference.....???? expect about (on average) a paycheck of about $400-500 per week, and you better budget for taxes quarterly, or you'll get hit so hard, you'll wish you were hi-jacked on the Cross Bronx Expressway...........by the local proctologist.............

 

the biggest problem with a 1099,is you will have to pay all of your ssi,insread of 7%,you pay 14%,employee doesn't have to pay it,you will also have to pay your own workmens comp insur also. It is not worth all the risk,get a good company job for yourself,most of these 1099 companies can't hire legitimally because of past bad records or charges in employment or irs involvements.

 

thanks,...

 

I do work on 1099 for the last 3 years.Paying taxes once a year(can be also prepaid 4 times a year).Driving company trucks a t/t without investing a penny.When it's busy money is good,slow time i just take vacation.No personal days,no vacation pay,no holiday pay,no benedits.
That's why i'm trying to get into union LTL.

 

I know you feel excited about your new career. I sure am because im a newbie also. Im going for my cdl test friday. the thing i have experience in is being a independent contractor. I leased a brand new dodge sprinter a year ago and let me tell you. There are so many things you will be responsible to pay for that normally when you work for someone useing there truck you wouldn't have to.
My advice is first go work for someone else for 2 to three years where your operating someone elses truck. Get yourself comfortable with driving the truck,doing your log book, learning the roads, and everything else about your new career. When you have some experience it is much more easier to make the right decisions. Good luck for whatever you decide

 

Reccomend a mid size carrier with benefits such as affordable health insurance,paid vacations, possible 401k,holiday pay,etc. Watch out for the real big ones,and the real small ones.

 

the only company that i have heard of so far that doesnt rip you off is TRANS AM my husband started working for them and is clearing about 900 a week take home pay and he drive a company truck. he has told me that most of the people that are there are alright!