The Tax Cuts and Jobs Act that was signed into law by President Trump on Dec. 22, 2017, contains numerous changes that will affect individuals, as well as businesses large and small. The new tax law has both good and bad news for company drivers but mostly good news for owner-operators and fleet operators.
Owner Operators – Sole Proprietors or S-Corporations
Self-employed individuals and companies will get the same deduction they have always had in the past. Owner-operators will still be able to take a per diem for meals and incidentals, just as they have in the past, since they are in business for themselves, and those costs are deductible business expenses. The new law also implements a 20 percent deduction on net business profits of Pass-Throughs which includes S corporation or sole proprietorship to [...]
Most commercial drivers do not like the mention of DOT inspections, but it doesn’t have to be so hard if you know what’s expected of you. It is advisable to be conversant with the different requirements needed during the various levels of a DOT inspection. A DOT inspection is a routine annual checkup for all commercial motor vehicles (CMVs) weighing over 10,000 pounds to ascertain their safety on the road.
Here is what all commercial drivers should know about a DOT inspection:
Have your paperwork ready
During a level 1 inspection, the driver should be ready for a full DOT inspection and hence have their paperwork near [...]
With the world’s seemingly unending obsession with technology automation, it should come as no surprise that companies are leading the trucking industry into the future with the development of self-driving technology. In the sweep of advancements that are changing the way we live, work, and play, the trucking industry won’t be left behind. So, how far away are we from self-driving trucks?
Experts are suggesting that self-driving trucks may surface even before self-driving taxis. And although it is predicted that we are at least a decade away from completely autonomous self-driving trucks, several companies have thrown their hat into the ring, and are investing billions of dollars to make this concept a reality.
Like any other advancement, this feat won’t come without its hurdles. Before the trucking industry can [...]
OK, so how many of you are thinking about your fifth wheel right now? Probably not many, right? Well like everything else on your truck, it needs maintenance. Here’s a list to help you check your fifth wheel and make sure you’re good to go.
First, you’re going to need to clean the gunk off that fifth wheel. Some folks go so far as to steam clean it; others simply scrape and clean it with a brush and solvent. You should know that steam cleaning is recommended not only for the top plate, but the jaws and legs, as well.
Next you’re going to inspect the upper area and edges for any damage. This can simply be wear and tear, or something more excessive – like missing parts or cracks. [...]