SOMEONE said it couldn't be done...

Here's a better guess... your employer really doesn't have the financial resources to be running a three-truck operation. My guess is he was short on his payroll. Bet he's got you on a 1099 - trying to duck payroll taxes. Good luck windsmith, I think you're going to need it.

 

you're getting paid on a 1099? and nothing to loose?

How much you holding back for taxes on this $1000 per week you are making?

 

ACH posting times are usually dictated by how quickly the receiving bank posts the deposit, normally about 24 hours for the big banks. Credit unions and local banks usually quicker. When I pay myself its like time travel. Money posts in my credit union account on Thursday, but is not drawn from my large bank company account until the next day.

I get a kick out of these W2 vs. 1099 pissing contests. Someone pays the payroll taxes regardless. If you think it's the employer, think again. They may write the check, but it comes via a reduced offer to you in salary. By the way some folks describe it, you'd think a 1099 wage was a Sin Against God or something. About the only thing they're getting away with (maybe) is state unemployment payments. On the other hand, the 1099 recipient gets some write-offs that they normally wouldn't get as an employee. I've worked it both ways as the employee and generally was better off on a 1099. YMMV.

Before you 1099 haters get your shorts in a bunch, I pay (myself included) W2 wages. I choose not to risk my business on whomever is not mature enough to bank their tax payments out of a contract wage. Simple as that. The only thing that's a hassle to me about it is the additional paperwork. A payroll service solves that problem.

 

LOL. Sounds like a load I turned down about the same time in the same area, although the load I quoted was going Westbound. A little too cheap and certainly too heavy. Sat on it a little longer and grabbed a better load of frozen who-the-hell-cares and got headed in the right direction. Another 30 minutes and that truck would have been hauling post holes back south.

The small CDL school I hired for some refresher training had an instructor that drove local for a carrier in the NYC area for 10 years. His Best Quote Ever was: "You are the traffic." When I get in a tight spot, I can see him saying that and I can't help but crack up.

Glad to see you're making a solid go at this. Looking forward to seeing how it goes.

 

Try following the "contractor" modelling questions and see if he REALLY qualifies as an independent contractor.

It doesn't fit. So his boss is setting both of them up for some hard questions to be answered eventually.

 

You can't expect anyone to take your one week,first week as a reference to how much you will make. Back in 1990 I could have made $45 an hour running a big dozer at a mine but the work was not steady. What you failed to do is express the idea of looking around and not just going to the mega carriers because the schools say so. You shut the most important fact down by bragging about your one week pay. It's very important to get the message out to new drivers that there is more than just one way to land a job. You also neglected to mention any benefits you may not get because of the way you are paid. Some of us think that medical insurance for the family is a high priority and look for that in the job. So please let us know a year from now how you're doing.

 

there goes his 50k the first yr and I had such high hopes too.

 

As the employed one, he really doesn't run any risk other than getting a "say what?" at the unemployment office if this gig unwinds. OP doesn't strike me as the guy that will be a problem. At the end of the day, it's the boss's problem.

Truth be known, this only turns into a problem when said 1099 recipient either doesn't pay taxes or tries for an unemployment benefit they can't get.

I didn't say that I agree with doing that as an employer, and I specifically don't do it myself. On the other hand, I don't get too worked up over other people doing it. It's really none of my business if they want to take that risk.

I also run a consulting business (not trucking related), that does fit what IRS thinks is a contractor. When I take wages, I hold 35% in the bank for tax season. The write-offs more than make up for the employer contribution to W/H and MC. I even pay the penalty for not doing quarterly deposits because I can make more with that money by holding it.

The biggest problem is that the IRS and most W2 employers aren't going to walk you through how all that withholding helps everyone except you.

 

That sounds about right...