#trucker finances

[artisticdivasworld]

Financial planning for truckers 

Financial planning is something a lot of folks in the industry overlook, but it’s super important if you want to stay afloat and keep your wheels rolling. First, let’s talk about budgeting. It might sound like a boring topic, but think of it as your roadmap. Without a clear budget, it’s like driving without a GPS. You know your income can be pretty unpredictable, especially with fluctuating fuel…

[joshhamilton11]

The Role Of A Trucker Tax Accountant In Managing Your Finances

A trucker tax accountant specializes in managing the unique financial needs of trucking professionals. They help with tax preparation, deductions like fuel costs and maintenance, and compliance with regulations. Their expertise ensures accurate reporting, maximized savings, and reduced stress during tax season. By handling complex financial tasks, they allow truckers to focus on their business and stay on the road profitably.

[badstargateimagines]

Stargate character analysis

Based on how they’d act at a minimum wage job inspired by my actual behavior.

Jack: He’s the type to show up to work in his pajamas, clock in, and then take an hour long shit before finally getting changed into his uniform. His shift starts at 5am on paper, but in practice it starts at 6:15. Time theft king. (Me while working at Canadian grocery chain that rhymes with blah blahs)

Sam: 15 minutes early for being 15 minutes early. She shows up and sits in the parking lot for 15 minutes before she goes into work and then sits there for another 15 minutes before her start time. However, if she notices something that needs to be done, she’ll do it before clocking in just so she doesn’t need to do it later. (Me when I worked at Sephora)

Daniel: kind of like Sam but hates his boss so he does everything he’s told to do but vagues about his boss online on anonymous accounts. Partial to the tradie breakfast (gas station coffee and pastry). Says he’s not stressed about work but has had anxiety about it since he went in for the interview. (Me when I worked at Canadian Old Lady Clothes Emporium with a duck as the logo)

Teal’c: Shows up at exactly his shift time and then makes a coffee before doing anything. Afterwards he just vibes and gives cryptic lore updates to anyone who comes by his desk. Has unionized himself and takes half hour long breaks and 1.25 hour lunch breaks. Spends his downtime engaging with hobbies. (Me when I worked at my town’s visitor’s centre)

Jonas: Interchangeable with Daniel. It’s always a toss up of who will show up for the shift. Has a panic attack when he can’t find his uniform. Beloved by management because he constantly seems like a baby animal who shouldn’t be at work, crushed by the weight of capitalism and yet he’s there doing his best. Protected by his coworkers because he’s constantly victimized by weird customers. (Me at the grocery store I worked at when I was 14)

Vala: straight up vibing. Pops an Adderall and downs 2 red bulls and calls it breakfast. Not sober when she wakes up? No problem! Have a shot as a pick me up and stroll into work because minimum wage isn’t worth the hassle of being sober. Watches people steal and just tells them where the camera blind spots are. They call her 007: 0 effort, 0 work done, 7 smoke breaks. Vapes in the receiving area and entertains truckers with her immeasurable amount of rizz. Almost fired for unionizing the old people in the smoking area but quits before they can actually fire her. (Me again working at Canadian Grocery Chain that rhymes with blah blahs)

Janet: receptionist who has a license to be incredibly mean to anyone who walks in. Shows up 10 minutes late every day because she has to pop into everyone’s office to say “omg hiiiiii!!” on her way to her office. Everyone loves her. Makes coffee when she knows the 60 year old lady from finance who knows all the gossip will be in the break room. Keeps the entire office together by being Radar O’Reilly. (Me when I temped at town hall)

Cam: he’s the young supervisor who ended up becoming a supervisor against his will who shows up with a litre of coffee every morning. Constantly forgets that he’s a supervisor so gossips with staff for like five minutes before his face goes blank and goes “shit, uh, we gotta get back to work” and then doesn’t. Whenever someone comes in late and apologizes for it he goes “nah don’t worry, I wish I wasn’t here too, take your time, I’ll adjust the punches.” Everyone thinks he’s cool but he’s actually just too stressed about potentially needing to write someone up that he’d rather just not see it. Gets all his work done and the team is always more productive when he’s there. (Me when I worked at the old lady clothes emporium)

General Hammond: retires by opening a business and not retiring at all. Effectively has the business to get out of the house. Hours are whenever he’s around. Picks a location close to his dentist and doctor’s office so he can close the store and walk there when he needs to go to an appointment. Spends his days talking to his friends and engaging with his hobbies. (My dad and the record store we opened together because he couldn’t stand doing nothing all day)

Harry Meybourne: calls in sick because he’s hungover or because it’s too nice out or something. Performs well at his job when he bothers to show up, really milking the labour shortage for everything it’s worth. Says he can’t work before 7am or after 9pm because he’s not able to drive when it’s dark. That’s a lie. (Me when I worked at McDonald’s when I was 17)

[wallbeatjournal]

What is a genre riverdale never tackled that you wish they did?

this isn't exactly an answer to your question, but after the promos for season 5 came out, my riverirls and i watched two (2) bad weird movies we'd never seen to prepare and/or manifest:

duel (1971), the homoerotic evil trucker movie. because of the evil truck promos, naturally

wall street: money never sleeps (2010), the terrible wall street sequel where aging gordon gekko has a weird triangle dynamic with his estranged daughter carey mulligan and her lame finance guy boyfriend shia lebeouf. and the money never sleeps.

ultimately i hold that wall street: money never sleeps was fairly relevant. but tragically duel was not. and that's tragic to me because i think riverdale could have served that fruit boots in the diner scene especially. you know the one, fellow duel understanders.

so i guess my answer is "scary homoerotic road rage movies."

[unexpectedyarns]

I've been very thrilled about the prospect of moving, and the possibility of buying a house sooner than we planned.

Now I have financiers telling me that they can't finance us even with high credit scores and 2 truckers' salaries "because of having to transfer jobs next year." (I mean, don't truckers travel from place to place? A great number of trucking companies are nationwide.)

Or telling me we can get financing but ONLY if one of us moves now and lives in the house within 60 days and the other one stays behind here to wrap up business. And even then, they want a written job or transfer offer, including salary, for within 60 days.

How can we have that? We haven't made a trip to look at houses. We haven't made an offer. We have no idea when closing would be, so how can we know when 60 days from that point would be?

We are not even asking for a definite loan /closing right now. Just for a ballpark approval so that we even know where to start looking.

I even had one place tell me they wouldn't accept a pre-approval application because "we weren't their established client." And another place tell me that they consider trucking "a part time job."

Seriously?

[kinkii-skinii-wannabe-trash]

Maybe Motivational?

If you’re the more practical type like me, I find that finances are a really good fasting motivator.

I eat whatever canned soup is on sale and monster ultra zero, and I literally do not need to waste more money than that on something that will end up in the toilet anyways. I literally never spend more than 4 bucks a day, and I don’t have to cook or nervously measure things out. If I want to splurge, maybe I’ll be some lettuce or a pack of kosher light franks, which can last a super long time.

Imagine how much money normies waste on food. Chain restaurants be charging 16 to 22 dollars a plate, and we aren’t even talking about the exorbitant cost of booze or a fancy restaurant! In saving myself those extra 12 to 18 dollars a day that would literally otherwise end up in the toilet, I could buy myself vacations, concert truckers, clothes, gym membership, hobby purchases, etc.

Remember! The cost of food goes beyond just calories!

#sweetspo #meanspo #bonespo #thinspi #thinsi #anorex$ia #anorekcya #skinni #skinny #thin #weightloss #thinspiration #diet #wieght #proana #th1nspo #edtumblr

[vomitdodger]

This happens quite frequently. Canadian truckers and other conservative causes only however. Remember this:

Digital currency will make this cancellation easy for the commies. Can cancel your finances anytime and anywhere. You will be become the ultimate slave. Truly comply or die scenario.

[rtrixie]

what steps do you think dissidents should be taking now in terms of their finances? it seems the methods the powers that be use against dissidents these days are mainly "soft authoritarianism" like freezing their accounts, pressuring them to lose their jobs, etc.

What Trudeau did to the trucker protesters in Canada was definitely something of a new calibre - the kind of banking sanctions previously reserved for foreign actors under actual Western sanctions.

I think these methods will spread to other Western countries, so dissidents will need to be prepared to de-bank themselves before the government does it, meaning that those organizing dissident activities should at the very least keep their savings where they can't be frozen at the order of a police state.

[highplainsdrifter777]

Global Boiling Bullshit

NOBODY is doing anything about global warming.  IF the world is getting hotter we are fucked.  They are talking about cutting farming to prevent CO2, meanwhile, the industrial machine is pumping faster than ever designing products to break easily and be disposable so you have to repurchase them. Instead of making things upgradeable and lasting the world is worried about profit. 

Nobody is calling for a halt to making lithium batteries for cars, with no plan to recycle them or dispose of them properly. No one is calling people to stop buying frivolous shit on Amazon from China.  China is part of our world too. 

What they are calling for is a cutback on food production. They are calling for fewer people because the system is designed so that people have to depend on it to live and destroy the world. They know the easiest way to halt the system is to kill those they conditioned to do it.

Only 9% of all that stuff you put in your recycle bin actually gets recycled and if they do not sort any of it, it all goes to the dump anyway. 

I say stop worrying about producing food and start worrying about our engineering and design processes. Call for a ban on plastic garbage and $25 drones.  Schemes for electric vehicles and a failing electric grid they want you to charge it on. 

During the 1980’s we did start getting it right. We went thew a period where people were hesitant to buy plastic bottles to throw away. Bulk goods started taking off and people started reusing plastic bags. As things were getting easier and cheaper to produce the industrial machine was getting worried their supply wouldn’t sell.  This is when they financed and promoted the recycling scheme. Look into it. 

Recycling was put into place to make people feel good about buying shit they might throw out, but it doesn’t actually do anything. The resources that are put into recycling damage the environment. As a trucker, I remember hauling 30k pounds of recycled cardboard halfway across the US burning 250 gallons of diesel just to get it there. Recycled material can be cheaper than new for production, but is a very very small amount of what we throw out. 

So when they talk about Global Boiling and tell you to take action to stop it, look at what they are telling you to do.  I guarantee someone is going to get rich on it. People will starve, and life will get a lot tougher.  The plastic shit you buy on the internet will give you no pleasure when you are starving. When your days are spent looking for food, there will be no more time left to advocate for change. 

What can you actually do to help fix the world? Stop and think. Do not follow the agenda, and do not read biased articles. Think about the things that are actually polluting and ruining the earth and you will see someone is making money off it. 

[octagonsun]

Fire Emblem Fates: Trucker AU

trucker au where nohr and hoshido are rival shipping companies nohr specializes in difficult routes, rural deliveries, places like Alaska, while Hoshido has a bigger operation running agricultural supplies. xander, ryoma: next-in-line for CEO. handle clients, logistics, finances, and planning. / camilla, hinoka: operate the biggest of rigs. / leo, takumi: special jobs with specialized gear. Leo…

[kaidatheghostdragon]

I see the replies saying danny is a small-town boy with no concepts of expenses in the big city, and raise you that this is a deliberate image he is projecting. Lots of headcanons abound that jack and maddie scare away the irs. Danny would learn from them. Sam and tucker probably learned from them. Sam would be interested in finances because its the most straightforward way to uncover corruption. Tuckers hacking skills would give sam a way to access and investigate any suspicious organization.

Jack and maddie are engineers and good with numbers. Jack is often headcanoned to be autistic, which i think is where the headcanon comes from that he'd be an excellent rules lawyer. Translate that to finances, they would definitely be smart enough to recognize how to enact the most common types of fraud, and how to improve on it to mask it well enough to get away with it. Do they actually employ and fraud strategies? Eh, probably only against Acceptable Targets(tm).

Point is, danny has a buttload of money that he wants to circulate without looking suspicious. That's essentially the prime goal of money laundering, and he knows all the tricks of the trade courtesy of his chaotic-good aligned parents teaching him What Not To Do With Finances (Unless He Can Get Away With It).

Essentially, you own a business, in which you inject money alongside legitimate income, then as the owner of the business, you make a profit from both the real and injected income, which you can spend as clean money because the source is traced to the business.

1. Underpricing goods sold is a common strat. Danny can pad the numbers with a few extra bucks of his own, so they look like normal prices in the financial record.

2. The homeless population eat free, as long as they dont scare off paying customers with their smell and grime. They're still wrung up, but danny pays the entirety of the bill with the 'dirty' money.

Some of the paying customers complain about the smell and uncleanliness of the homeless patrons, so danny ends up building a community shower in one of the back rooms so he doesnt have to turn anyone away. Danny's from the midwest, where trucker stops are common, so his cafe is designed around that sort of concept: showers and self-care in the back, ready-made to-go meals and snacks out front, sit-down cafe to one side, overpriced souvenirs on the other.

3. Community showers are free, but the number of uses is logged. In the financial record, they are a paid service with associated expenses. Danny logs each use as a transaction, in which he pays the bill with his own 'dirty' money.

4. Danny starts a pay-it-forward wall filled with prepaid receipts for various food and drink items that anyone can use or donate to. 90% of the receipts are paid for with 'dirty' money as anonymous cash donations. Any spoiled food can additionally be paired to a pay-it-forward receipt, so nobody actually ate the spoiled food, and his budget doesn't look like he's selling more stock than he's ordered. The paired receipt can be thrown and replaced with a new donation.

Back to the self-care portion, it eventually expands into a thrift store laundromat combo, where the homeless can clean their clothes and trade them in for something more comfortable. Donations are appreciated, but danny just finds it easier to buy out the clearance rack at all the nearby stores.

Old clothes, if they're safe to burn, pad out the fuel for the barrel fire in the alley out back during winter. Is it exactly safe? Probably not, but surviving one more night is generally higher on people's priority lists than saving the environment, and the clothes would probably either end up in a landfill or get burned in an incinerator anyway, so danny considers it a wash.

5. The laundromat is treated the same as the showers, functionally free but financially paid for by danny.

6. The thrift store is treated as a non-profit side-venture, which, by its simple existence, allows danny a ton of tax write-offs. Trade-ins that are too worn out to resell are treated as a cash donation (again, danny's money), which is used by the nonprofit to buy out the clearance racks of nearby stores, legitimizing the charity. Danny makes money via the tax write-offs on the cafe business for financially supporting the nonprofit.

Inspectors are the worst. Every last one of them in gotham is corrupt, demanding bribes before passing inspection. Counterfeit money is common in gotham, and danny accepts it because he can trade it out for his own money, though he carefully records where it came from in case anyone comes asking. The counterfeit bills, instead of being tossed, pay the inspectors' bribes. They wanna work outside the law, danny is happy to oblige.

7. Any counterfeit money that is replaced by his own is essentially doubled. Using it to pay illegal bribes makes it much less traceable, as the inspector is not going to declare illegal income. If the inspector is caught with fake money and outs danny, danny will out them for bribery. Its mutually-assured destruction, in which danny is confident he'll come out on top because at least he's genuinely helping people, which he's certain is all the bats really care about considering red hood's whole deal, and the bats are pretty much the final say in gotham.

Ngl this is a short one.

So Danny comes to Gotham. Down on his luck. But lo and behold, he still has access to the kingly vaults! He doesn't have to worry about money!!! He can just buy a small apartment and live out his miserable little life In luxury!

But then he is stopped on a horrible and a dark stump in his plan. How in the 7 hells is he gonna explain it to the IRS ??????

Money laundering????

Can't he just say he found a mysterious big pile of gold and be done with it?

No, Danny . How are you gonna explain the fact that you keep finding mysterious little gold files to the tax man . Jazz says emphatically through a video call . Which is a multi dimensional cuz I can't explain why sam wont just give him the money. And btw the just assume that the vaults has a magic function to give the money to him in the local currency.

Sso from that day onwards Gotham had a new little cafe in a quiet little nook. The prices are super cheap. And it by far has the best fudge in all of Gotham. If you exclude Alfred's.

The gothamites love it. It's a favorite college hangout. Everyone is pretty sure the cafe is a front. Everyone is 100% sure of it. But in this economy who the hell cares. At least it's not nfts.

People can actually benefit from this because we can get like a whole breakfast for like 4 dollars ( an au where like Danny's 2000s world is like super cheap compared to the modern Gotham city and nobody taught the poor boy common prices of this world. Danny's thinking like how do I keep accidentally going into these rich people stores with their ridiculous prices, Ughh guess I'll have to buy this I don't want to go farther) and the quality is good too. The scrawny little twink owner sure as hell does not know much about ingredients prices or did the bare minimum study of business.

Anyway when the bats came sniffing (the scrunkly little guy was innocent blame Fenton luck) and we'll tried to interrogate the owner people actually chained themselves to the front like the worlds most confused save the trees activists.

[artisticdivasworld]

August Trucking News: A Mixed Bag for Owner-Operators

As we wrap up August, it’s been a rollercoaster month for owner-operators in the trucking industry. Here’s a rundown of ten key news stories that have made an impact, both positively and negatively. Credit: AFTdispatch.com Freight Market Struggles Continue The ongoing freight recession has intensified, with a surplus of trucks on the road and a decline in e-commerce demand leading to lower…

[joshhamilton11]

Navigating Tax Changes And Updates Affecting Truckers

Navigating tax changes and updates affecting truckers is crucial for maintaining compliance and optimizing tax strategies. Here's a breakdown of some recent tax changes and updates that truckers should be aware of:

Standard Mileage Rate: The IRS often adjusts the standard mileage rate for business miles driven for each tax year. Truckers who use their vehicles for business purposes can deduct a standard rate per mile driven for business. It's essential to stay updated on any changes to this rate, as it can impact your deductions significantly.

Per Diem Rates: Per diem rates for meals and incidental expenses (M&IE) are updated periodically by the IRS. These rates vary depending on the location and are intended to reimburse truckers for expenses incurred while away from home. Keeping track of the latest per diem rates can help truckers maximize their deductions for travel expenses.

Section 179 Deduction: Section 179 allows businesses, including trucking businesses, to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year. In recent years, there have been changes to the maximum deduction limit and eligible property, so staying informed about these updates is crucial for maximizing tax savings.

Fuel Tax Credits: Truckers who use fuel for off-highway business purposes, such as in refrigeration units or auxiliary power units (APUs), may be eligible for fuel tax credits. The eligibility criteria and calculation methods for these credits can change, so it's essential to stay updated on any updates to ensure accurate tax reporting.

State Tax Changes: State tax laws and regulations affecting truckers can vary widely from state to state. Changes to state income tax rates, sales tax rates, and other tax-related policies can impact truckers' overall tax liability. Keeping abreast of state tax changes and updates can help truckers effectively plan their tax strategies.

COVID-19 Relief Measures: In response to the COVID-19 pandemic, various relief measures were implemented, including tax provisions aimed at providing assistance to businesses, including trucking businesses. These provisions may include tax credits, deferral of tax payments, and other relief measures. Staying informed about COVID-19-related tax changes can help truckers take advantage of available benefits.

Electronic Logging Device (ELD) Mandate: The ELD mandate requires commercial motor vehicle drivers, including truckers, to use electronic logging devices to record their hours of service. While not directly related to taxes, compliance with the ELD mandate can impact truckers' operations and may have implications for tax reporting, such as documenting hours worked and mileage driven.

Tax Reform Legislation: Tax reform legislation, such as the Tax Cuts and Jobs Act (TCJA), can have far-reaching implications for truckers. Changes to tax rates, deductions, credits, and other tax provisions can affect truckers' overall tax liability and tax planning strategies. Staying informed about tax reform developments and understanding how they impact your tax situation is essential for effective tax planning.

Retirement Planning Options: Retirement planning is an essential aspect of tax planning for truckers. Understanding the tax implications of different retirement savings options, such as traditional IRAs, Roth IRAs, and solo 401(k) plans, can help truckers make informed decisions about saving for retirement while minimizing their tax liability.

IRS Enforcement Priorities: The IRS may prioritize certain enforcement areas, such as worker classification issues, underreporting of income, or abusive tax shelters. Being aware of the IRS's enforcement priorities can help truckers identify areas of potential risk and ensure compliance with tax laws.

Staying informed about tax changes and updates affecting truckers is essential for maintaining compliance, minimizing tax liability, and optimizing tax planning strategies. Consulting with a qualified trucker tax accountant can provide valuable guidance and assistance in navigating these tax changes effectively.

[truckersgainadvisors]

Managing finances is a cornerstone of any successful motor carrier business. At Truckers Gain we specialize in Motor Carrier Financial Management providing tailored solutions that help trucking companies maintain profitability, enhance efficiency and navigate the unique challenges of the transportation industry!

[southwesterninsurance]

Understanding Commercial Truck Insurance Terms: A New Driver's Dictionary

CDL insurance is mandatory for truckers, ensuring coverage for accidents, damages, and liabilities that may arise on the job. CDL Insurance for New Drivers, understanding your coverage options helps you comply with federal and state laws while safeguarding your finances. Read More

[writerspride]

Semi Truck Financing: The Ultimate Solution for Aspiring Owner-Operators

If you’re seeking in-house semi truck financing, you’ve taken the first step toward a rewarding journey in the trucking industry. Whether you’re a seasoned driver or just starting out, securing the right financial support for your semi truck can make or break your success. For many, traditional financing options often come with high barriers, including stringent credit requirements and lengthy approval processes. This is where semi truck financing becomes a game-changer, offering flexibility and tailored solutions.

Benefits of Semi Truck Financing

Flexible Credit Requirements One of the biggest hurdles in traditional truck financing is credit history. Many aspiring owner-operators get disqualified because of bad credit or no credit at all. In-house semi truck financing, however, is designed to accommodate a wider range of credit profiles. This flexibility ensures that even those with financial setbacks have a fair chance of starting their trucking business.

Faster Approval Process Time is critical in the trucking industry. Traditional loan approvals can take weeks, if not months, delaying your ability to start working. Semi truck financing offers quicker processing times, allowing you to get behind the wheel sooner.

Tailored Payment Plans In-house lenders understand the unique financial challenges truckers face. Payment plans are often customized to match your income flow, ensuring you can manage your expenses while maintaining your truck.

One-Stop Convenience Since the financing comes from the same source as the truck, you avoid dealing with multiple parties. This simplifies the buying process and allows you to focus on what matters most—getting on the road.

Why Semi Truck Financing is Ideal for Owner-Operators

For those dreaming of owning their own truck, in-house financing offers a lifeline. Traditional lenders tend to view semi truck loans as high risk, given the fluctuating nature of the trucking industry. However, in-house semi truck financing providers specialize in this market, meaning they are more likely to approve loans and offer terms that align with the realities of trucking.

Moreover, owner-operators often face irregular cash flows, especially during their initial months. Semi truck financing allows for payment structures that can accommodate such variations, reducing financial stress.

How to Qualify for Semi Truck Financing

While in-house semi truck financing is more accessible than traditional loans, there are still requirements to meet. Here’s what you need to prepare:

Proof of Income Lenders need to see evidence of your earning potential, whether through pay stubs, tax returns, or proof of contracts in place.

Down Payment A down payment can strengthen your application and reduce your monthly payments. Many in-house financing providers offer competitive down payment options.

Valid Commercial Driver’s License (CDL) A CDL is essential for operating a semi truck. Ensure your license is valid and up to date.

Insurance Semi truck insurance is mandatory, and having a policy in place shows lenders that you’re committed to protecting your investment.

Common Misconceptions About Semi Truck Financing

Despite its advantages, there are some misconceptions about in-house semi truck financing that need clarification:

Higher Interest Rates: While in-house options may have slightly higher interest rates compared to traditional loans, the benefits of accessibility and flexibility often outweigh the costs.

Limited Truck Options: Many believe that in-house financing ties you to a limited selection of trucks. However, reputable providers typically offer a wide range of vehicles to suit different needs and budgets.

Tips for Success with Semi Truck Financing

To make the most of your in-house semi truck financing experience, consider these tips:

Choose the Right Financing Partner: Not all providers are created equal. Research your options and choose a company with a solid reputation and customer-friendly terms.

Maintain Your Truck: Your semi truck is your business asset. Regular maintenance ensures it stays in optimal condition, helping you meet your financial obligations.

Plan for Emergencies: Set aside funds for unexpected repairs or slow periods in your business. A financial buffer can help you stay on track with payments.

Conclusion

In-house semi truck financing offers an accessible and practical solution for those looking to enter or expand within the trucking industry. By working directly with specialized lenders, you can bypass the hurdles of traditional financing and enjoy customized support that aligns with your goals. Whether it’s flexible payment plans, quicker approvals, or accommodating credit requirements, this financing option empowers aspiring truckers to take control of their careers.

If you’re ready to start your journey, Y&C Truck Capital can help you secure the right semi truck financing for your needs. With their expertise and dedication to customer success, you’ll be on the road to achieving your dreams in no time.