As a truck driver, if you fall into the category of owner-operator, you are essentially responsible for running your own business. Like any small business owner, this means you’re the person managing the finances. While trucker bookkeeping—the practice of maintaining records of your business’ financial transactions—is similar to what any small business does, the nature…

When it’s tax time, anyone who drives trucks for a living knows it’s also time to file Form 2290. But how much does it cost to file a 2290? The answer might not be as straightforward as you’d think (or hope). If you want to file by mail, you can only do so with the…

The heavy vehicle use tax (HVUT) can be a significant expense for many, but did you know that some vehicles might be exempt? This federal tax, aimed at maintaining the quality of our nation’s public highways, is applied to heavy vehicles over a certain weight to compensate for the wear and tear they cause. However,…

As an owner operator, staying on top of tax laws and regulations while maintaining a business can be exhausting, especially when you’re doing it by yourself. There are a lot of owner operator taxes and regulations that you have to keep track of, like claiming deductions, reporting your income, and calculating self-employment tax. All of…

For both the new and the experienced truck driver, buying a new semi truck can be an intense, nerve-wracking experience. While the freedom of owning your own vehicle is exciting, there can be a lot of bureaucratic hoops to jump through, both before and after purchasing. While it may not be glamorous, all of the…

Any trucker worth their road salt knows that it’s vital that you stay compliant with Department of Transportation (DOT) regulations in order to avoid potential fines, penalties, or any other consequences in the event of an audit or in a legal action. Should you have any areas of noncompliance, the first place they’ll surface is…