ExpressTruckTax Blog

Showing posts with label Trucking Employees. Show all posts
Showing posts with label Trucking Employees. Show all posts

Thursday, January 18, 2018

File These Employment Tax Returns For Your Drivers

File Form 2290 with ExpressTruckTax
It can seem like your taxes never end. From your HVUT Form 2290 to filing  IFTA four times a year, your IRP return, and more. There’s always a deadline to prepare for, and missing it could result in major penalties.

Then on top of your truck taxes, you have to file for your trucking business employees by the January 31 deadline! You need to file Form W-2, Form 1099-MISC and issue copies to each of your recipients by this deadline. Luckily, this can all be quickly accomplished with the help of our sister product, TaxBandits.

File Wage Returns For Your Drivers

Form 1099-MISC

Form 1099-MISC is used to report payments or miscellaneous income made by trucking businesses for services performed by people such as independent contractors or contract workers, who are not treated as employees.

You must file Form 1099-MISC for your independent contractors if you paid them $600 or more in wages during the tax year. It reports the amount they were paid and how much of their income had taxes withheld, so they need this form to complete their personal income tax returns.

Form W-2

Form W-2 must be filed electronically with the Social Security Administration and issued to each of your employees on an annual basis for all of your workers who you paid $600 or more to in wages during the tax year.

ExpresstruckTax suggests filing employment returns with TaxBandits
This form is basically a report that lists all of the compensations and income that you offered your employees during the year with income, Medicare, and social security taxes withheld. Your employees need this information to complete their personal income tax returns.

E-Filing With TaxBandits

TaxBandits is the market leading e-filing solution for business owners and accountants. By streamlining the e-filing process online they make it incredibly quick and easy to complete your returns in a matter of minutes.

Simply create your account to get started and follow the step-by-step e-filing guide that explains exactly where to enter the information that’s required to complete your form and transmit it directly to the IRS. This fast, cost-effective process will save you tons of time and money.

Plus, TaxBandits even offers multiple, innovative e-filing features that make the entire process incredibly convenient. For example, use the bulk upload feature to save time by uploading all of your employee information at once.

Also, forget the hassle of having to go to the post office. Just use our postal mailing feature to have us print hard copies of your returns and mail them to your recipients for you.

IFTA Is Coming

Your 4th Quarter IFTA return is also due on January 31, and you don’t want to miss that deadline! Be sure to check out ExpressTruckTax’s other sister, ExpressIFTA to quickly import all of your IFTA data to record it in one location online. ExpressIFTA even accepts ELD data to make the reporting process even easier.

All of your IFTA calculations will automatically be calculated in an easy to read IFTA report that contains all of the totals needed to complete your return. Your IFTA report can be downloaded, printed, and emailed to go wherever it needs to.
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Wednesday, December 27, 2017

Improve Your Trucking Business In 2018

ExpressTruckTax makes it easy to e-file HVUT Form 2290
New year new you right? That’s usually how New Year’s resolutions go. You can pick the usual things, like deciding to finally get in shape and maybe eat right. Or you can take 2018 to the next level by improving your trucking business.

It’s a great time to sit down and review the books to see how you can take steps to create a more profitable year in 2018. By taking a step back to put new plans and procedures in place you could really make a difference for yourself and all of your employees.

Improve Your Trucking Business In 2018

Improve Driver Health

As we mentioned above, it’s extremely common for people to vow to get in shape for the new year. You can help your drivers do this by providing them with workout equipment in their rigs. Things like push up handles and resistant straps go a long way, without taking up a lot of space.

You can also get them basic fitness trackers to show them how much they move. This could motivate your drivers to become more active. Don’t forget to cover nutrition, by providing them with the facts on how unhealthy fast food options are and by letting them know what protein packed foods they should be looking for.

Cut Costs
Go over the books to see where your business is losing money so you can figure out where to save. The number one trucking expense is fuel, so train your drivers on how to be more fuel efficient. They can do this by avoiding stop and go traffic, slowly accelerating, by coming to smooth stops, and more.

You can also save by cutting lodging expenses by sleeping in your rig. All you have to do is make it a little more comfortable for a great night of sleep. Also, by your snacks in bulk to save money by not having to buy your favorite items with marked up prices every time you get hungry.

ExpressTruckTax helps you file Form 2290 on time
Retain Drivers

The high turnover rate among drivers can devastate your business. How can you accept loads if you’re constantly searching for new people to drive your trucks? Keep your seats filled by offering better benefits.

Work with your drivers to offer the healthcare coverage that they need. Also, be sure to offer good rewards and incentives for doing a good job and sticking with your company. Maybe offer them prizes for continuously being safe drivers. Plus, you could provide upward mobility and educate them about the industry so they grow as drivers.

Prepare For Tax Season

Tax season is right around the corner. If you miss an important deadline you will find yourself with expensive penalties and fines. Be sure to use ExpressTruckTax to file your 2290 online by your deadline.

Also, you have a lot of employee tax deadlines coming up. You need to file Form W-2, any Form 1099-MISCs, and Form 941 by January 31! Check out how our sister company TaxBandits can help you quickly and easily file by the deadline.

If you need any assistance with Form 2290 give the dedicated, US-based ExpressTruckTax team a call at 704.234.6005. We’re also available via live chat and offer 24/7 email support at
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.