Your Tax Place, Inc’s Post

Did you know that owner operator truck drivers often enjoy higher earning potential compared to company drivers? With the ability to negotiate rates and take on additional contracts, you can increase your income significantly. www.Dorseytaxplace.com #businessconsulting #taxplanning #taxpreparation

Government “U-turns” on twin cab pick ups. With close to 13 metres kerb-to-kerb turning circle the average twin cab pick up truck needs a fair bit of space and encouragement to do a u-turn. Not so the government it seems, who are much more nimble having seen sense in spite of HMRC winning a case in 2020 arguing for twin cabs to be taxed as cars. The government has since, consulted with builders, farmers and others including search and rescue organisations who rely on twin cab pick ups to do their jobs. The outcome is an about turn and an announcement this week that the planned changes to tax these vehicles as punitively as company cars will be scrapped and they will continue to be taxed as commercial goods vehicles. Changes are expected to be formalised in the finance budget this year. Before you rush out and buy a Hi-lux, a Raptor, or a Warrior though, bear in mind that this only applies to those with more than a 1 tonne payload, and if you're looking for mpg, look elsewhere. Otherwise, for those that build, farm and keep us safe from peril - and need 4 wheels to do it with, this is very welcome news.

A new piece of legislation would provide tax credits to commercial trucking fleets that buy medium truck tire retreads. https://lnkd.in/gXPpiXzk #moderntiredealer #tires #tiriendustry #tireretreads #trucktires #legislation #retreading

The need for speed [regulators]. Safely delivering freight on time and undamaged is a difficult task even under the best of circumstances. And yet we as an industry do it day in and day out, hundreds of thousands if not millions of times each day. And to that end, one topic that I get asked about a lot is speed regulators. Full disclosure, I am a safety guy, but my opinion on speed limiters is a bit nuanced. And with the Federal Motor Carrier Safety Administration poised to make a rule on speed, I wanted to share my thoughts. As an initial matter, operating slower, say 65-68 mph, has a ton of benefits. Not only do fleets save money on fuel, tires, and maintenance, but insurers love speed-governed fleets. But in an industry where pay-per-mile is the dominate standard, slowing down means drivers will run out of hours sooner and bring in less money. What's more, this isn't a simple switch. More likely than not, each truck subject to a rule will be required to go to a heavy duty service provider to have the truck reprogrammed. Not an easy or cheap undertaking. But is there a safety case against speed limiters? This quote by Congressman Mike Bost in a graphic by OOIDA makes just that argument. When you take the choice away from drivers, they are unable to exercise their professional discretion as to speed. Professional drivers often come to this industry for the freedom. Could this regulation erode that freedom? Time will tell.

The median pay for truckload drivers rose by 10% over the past two years, and fleets offered larger retention bonuses. Those are some of the key findings of ATA’s latest Driver Compensation Study, which showed increased driver wages across the trucking industry despite the challenging freight market. Learn more here: https://lnkd.in/eVWfWa9K

Electric vehicles certainly have their advantages in local and shuttle applications, BUT NOT IN REGIONAL OR OTR TRUCKING! The taxpayers need to wake up, if the government has to subsidize it, it’s not economical - meaning it’s not time for it to happen! 🔗 Read more here bit.ly/3ZaPZnl

📢 REMINDER to all truckers and fleet owners! Have you filed your fuel tax yet? Be sure to file it this month to avoid any penalties. #eTrucks #FleetManagement #Telematics #FleetSolutions #trucks #heavyhaul #truckerlifestyle #truckingindustry #trucker #FuelTax #QuarterlyReporting #Compliance

Buy or Rent A Semi Truck: Which is better?Many truck drivers dream of possessing their own semi truck but their financial status doesn’t allow them to fully purchase it. Do they have any optimal alternatives? Should truck drivers buy or rent a semi truck? Let’s begin with this article! https://lnkd.in/ggpFCHp8

Pay issues have long plagued the trucking industry. Drivers aren't getting the compensation they deserve. With rising costs and long hours, the challenges keep growing. It's time to address these pressing concerns. #Fre8 #JoinTheMovement #TruckingIndustry #NorthAmericaTrucking #TruckingProblems #DriverPayIssues

What is the best budget-friendly #hatchback for between R200 000 and R260 000? You can find out as we compare the top contenders here👌 https://lnkd.in/dxrCZ6PU