Girl’s Got Tax Questions…

Hard working woman just trying to earn my spot out here.. but I’m struggling.

When I invoice a broker, do I add tax on top of that?
Or should I be equating that in the agreed rate?
If so, is the tax rate the broker’s W-9 address or my delivery address of service?

Yes.. I know.. I should ask an accountant about that.. haha
But I work hard, and strive to handle as much as possible myself.
It’s important to me to be a capable human and yes, I am ok relying on men too.

So here I am 2.5yrs in and neglecting to file bc I just don’t understand it all. I’ve got my books fairly organized, expenses and bank feed understood.. I do almost all my own major repairs.. I find clients through cold calls.. loadboards.. word of mouth.. BUT.. I struggle to understand taxes. I account for all overhead like maintenance/subscriptions/ins/fuel/owner draws.. blah blah.. I’m still afloat, but barely. I’m the driver that follows old school highway etiquette that’s hard to find nowadays.. I pull over to help people.. I wait my turn.. I tarp my loads.. and most importantly I don’t lie in the industry to achieve financial gain. I also don’t kill the spot market rates by taking low figures or cutting corners.

Could someone please connect with me for a quick moment!? I have some major anxiety around tax obligations. I know I can handle it, I just need a little direction towards what everyone’s doing correct out there. I’m almost completely on my own here and can’t find the right help.

Thank you in advance!!!

 

Thank you! I didn’t know about an EA.

 

Thank you very much for the response! I’m going to take your advice seriously.