Tag: trucking business

Haciendo Su 2290: ¿Qué Tipo De Negocio Es Adecuado Para Usted?

Posted on March 17, 2022 by - 2290 Business Information, 2290 efile, form 2290 efile

La temporada de impuestos se acerca rápidamente y también lo es la fecha límite para hacer su Formulario 2290. Estos formularios a menudo hacen preguntas que pueden parecer confusas al principio. Una de las preguntas que le hacen cuando se registra para presentar es ¿bajo qué tipo de negocio está presentando? ¿Qué es un tipo de negocio y cómo sabe cuál es el adecuado para su negocio de camiones?

A continuación, encontrará una guía muy útil que explica más sobre cada tipo de negocio para determinar cuál es el mejor para usted.

Propietario único o LLC de un solo miembro

En resumen, un propietario único es el propietario único de un negocio.

S-Corporación de LLC como S-Corp

Las corporaciones S son corporaciones que eligen pasar los ingresos, pérdidas, deducciones y créditos corporativos a través de sus accionistas para propósitos de impuestos federales. Esto permite a las corporaciones S evitar la doble imposición sobre los ingresos corporativos.

C-Corporation o LLC como C-Corp

Corporación C, según la ley federal de impuestos sobre la renta de los Estados Unidos, es cualquier corporación que paga impuestos por separado de sus propietarios. A diferencia de las corporaciones C, las corporaciones S no pagan impuestos por separado.

Sociedad o LLC como Sociedad

Una sociedad es donde dos o más personas son propietarias del negocio.

Fincas

Los bienes son todo el dinero y la propiedad que posee una persona en particular, especialmente al momento de su muerte.

Fideicomisos y fiduciarios

Un fideicomiso es una relación cuando una persona tiene el título de la propiedad. Un fiduciario es una persona u organización que actúa en nombre de otra persona.

Organización Exenta

Para que una organización se considere exenta, debe ser una organización caritativa, una fundación privada u otra organización similar que esté exenta del impuesto federal sobre la renta.

¿Qué sucede si elige el tipo de negocio incorrecto?

No te preocupes, sucede, todos cometemos errores. Simplemente puede hacer clic en su nombre en la esquina superior derecha y luego hacer clic en la flecha desplegable. Luego hará clic en “Mi cuenta”, que lo llevará a una página con múltiples opciones. Desde allí, seleccione la opción titulada “Administrar empresas” haciendo clic en el icono del lápiz.

Cuando vea el nombre de la empresa que desea cambiar, haga clic en el ícono de lápiz a la derecha y lo llevará a la página que le permitirá cambiar el tipo de empresa.

Luego, en tipo de negocio, seleccione el menú desplegable y desde allí puede seleccionar el tipo de negocio que mejor describa su negocio de camiones.

Si tiene alguna pregunta, llame al 704.234.6005.

¡Haga su 2290 hoy!

ExpressTruckTax: Forma 2290 De Gran Calidad A Precios Increíbles!

Posted on March 15, 2022 by - 2290, 2290 e-file, Spanish 2290, Spanish Form 2290

* Este artículo no refleja el precio para declarar por la temporada 2022-23

Como propietario de un negocio, sabemos y entendemos que su resultado final es importante para usted. Hay varias razones por las que ExpressTruckTax es el principal proveedor de archivos electrónicos del IRS para la forma 2290, como nuestra reputación, la disponibilidad de soporte y, por supuesto, los precios.

¡ExpresstruckTax no juega con los precios! ¡Lo que ves es lo que obtienes, no hay costos ocultos y no hay necesidad de cupones! Desde 2010, ExpressTruckTax no ha aumentado el costo de hacer la Forma 2290 electrónicamente, ¡Que es de solo $9.90 por un solo camión! ¡El mismo excelente precio con el mismo excelente servicio al cliente!

¿No nos crees? Echemos un vistazo a algunos precios de la competencia para presentar un solo vehículo:

Este competidor también ofrece un cupón de 20% de descuento.

Hagamos los cálculos aquí juntos. Este sitio le cobra $ 48.99 por un solo camión. Incluso con un cupón de 20% de descuento, TODAVÍA estás pagando $39.19. Eso es casi 4 veces más caro que cuando hace su Forma 2290 con ExpressTruckTax. Nuevamente, ¡todavía cuesta solo $ 9.90 por un solo camión!

¿Entonces, Qué esperas? ¡Haz tu Forma 2290 con ExpressTruckTax y no gastes más dinero del necesario!

Filing Your IFTA? TruckLogics Is The Solution To That And Much More

Posted on March 7, 2022 by - 1st Quarter IFTA Deadline, Easy IFTA Reporting, IFTA, TruckLogics

ExpressTruckTax is working with TruckLogics to ensure that you won’t miss the IFTA deadline this quarter. With TruckLogics you are able to not only manage your trucking business but also create your IFTA report.

TruckLogics for IFTA Reporting

TruckLogics guarantees the same file-ready reports that you already are familiar with from ExpressIFTA. While TruckLogics is an all-in-one trucking management software solution with many features like creating dispatches, keeping track of expenses, maintenance, and even paying drivers, its IFTA report capability is one of its defining features. 

In order to start creating your report, you will need to have your fuel up and mileage information handy. You then need to set up an account with TruckLogics. 

Once you create an account, click on the Dispatches tab.

From there you will select New Dispatch.

Select “Create Dispatch without Referring the Loads” to create a quick dispatch.

Once you create the dispatch and enter your miles for the quarter you will click on the expenses tab.

From there you will click Add Fuel Expense and enter your fuel expenses.

Once they are added you will click on the IFTA tab.

From here you will generate an IFTA report for the appropriate quarter.

For a more in-depth look at the IFTA reporting process using TruckLogics, check out the video tutorial below.

We hope you will love creating your IFTA report with TruckLogics. What are you waiting for? Start creating your report today! The deadline to file for this quarter is approaching fast!

First Used Month: What Is It And How Does It Relate To Your Form 2290?

Posted on March 3, 2022 by - 2290, 2290 filing, First Used month, Vehicle first used month

*This blog doesn’t reflect the pricing for the 2022-23 filing season

Filing Form 2290 is done when your vehicle weighs over 55,000 pounds. If your vehicle travels less than 5,000 miles a year or 7,500 miles if it is used for agricultural purposes, you still have to file Form 2290 but you don’t have to pay the tax because your vehicle is then considered suspended/exempt. No matter if your vehicle is suspended/exempt or not when you file your Form 2290 you have to enter your first used month. 

What is a First Used Month?

The words “first used month” will appear several times in ExpressTruckTax and when you are filing your Form 2290. What does it mean? The first used month refers to the first month that you put your truck on the road during the specific tax year and does not have to do with the date on your tags. The Form 2290 tax year is July 1 to June 30.  If a truck has been put on the road for the first time in the middle of a tax year then the month you put the truck on the road will be your first used month. If your truck has been on the road for longer, however, your first used month will be July. Your first used month along with the weight of your vehicle is what determines how much your Heavy Vehicle Use Tax (HVUT) will be once you file your Form 2290.

Why Use ExpressTruckTax to file Form 2290?

ExpressTruckTax makes filing your Form 2290 easier. It only takes six simple steps and you are finished. You are not only guaranteed to receive your stamped Schedule 1 in minutes but ExpressTruckTax offers instant error check, free VIN corrections if you filed your original return with us, a free mobile app, and much more! Not only that but our prices start at only $9.90 for a single truck. Have any questions? Our US-based customer service team is here to help!

What are you waiting for? File your Form 2290 with ExpressTruckTax today!

Filing Your 2290: Which Business Type is Right for You?

Posted on February 22, 2022 by - ”trucking company”, 2209 Tax, 2290, 2290 efile, 2290 online filing, Trucking Business, Trucking Business Tips


Tax season is fast approaching and so is the deadline to file your Form 2290. These forms often ask questions that might seem confusing at first. One of the questions you’re asked when you sign up to file is which business type you are filing under? What is a business type and how do you know which one is right for your trucking business? 

Below, you will find a helpful guide explaining more about each type to determine which is the best fit for you.

Sole Proprietor or Single Member LLC

To sum it up, a sole proprietor is the single owner of a business.

S-Corporation of LLC as S-Corp

S-Corporations are corporations that elect to pass corporate income, losses, deductions, and credits through their shareholders for federal tax purposes. This allows S-corporations to avoid double taxation on the corporate income.

C-Corporation or LLC as C-Corp

C-Corporation, Under United States federal income tax law, is any corporation that is taxed separately from its owners. Unlike C-Corporations, S-Corporations are not taxed separately.

Partnership or LLC as Partnership

A partnership is where two or more people own the business.

Estates

Estates are all of the money and property owned by a particular person, especially at death.

Trusts and Fiduciaries

A trust is a relationship when one person holds the title to the property. A fiduciary is a person or organization that acts on behalf of another person. 

Exempt Organization

In order for an organization to be considered exempt, it must be a charitable organization, private foundation, or other similar organization that is exempt from federal income tax.

What Happens if You Choose the Wrong Business Type?

Don’t worry it happens, we all make mistakes. You can simply click your name in the upper-righthand corner and then click the drop-down arrow. You will then click on “My Account” which will lead you to a page with multiple options. From there select the option titled “Manage Businesses” by clicking on the pencil icon. 

When you see the name of the business you want to change, click on the pencil icon to the right of it and it will take you to the page that will allow you to change the business type. 

Then under business type select the dropdown and from there you can select the business type that best describes your trucking business.

If you have any questions please call 704.234.6005. 

File your 2290 Today!

The FMCSA Has Extended The COVID-Related Waiver Effective Now through November!

Posted on September 2, 2021 by - ”trucking company”, #TruckingNation, FMCSA

With COVID cases still on the rise, the FMCSA has decided to extend the COVID-19 emergency declaration until the end of November. 

This is important to be aware of because, as the demand for medical supplies rises, so does the need for truckers to ship them to places in need. 

What Was Waived?

The Federal Motor Carrier Safety Administration (FMCSA) waived Part 395.3, which refers to the maximum driving time allowed for carriers providing emergency relief. 

This declaration was originally set to expire on August 31st, but FMCSA decided to extend it and is still effective through November 30th. 

What does this mean?

This means that any carrier that is transporting essential services, such as medical care or essential supplies related to COVID-19, will be able to go over the maximum driving time that is typically allowed.

This is because the demand for these items is high, and healthcare providers all over the country need these supplies in order to provide assistance to people affected by this sickness. 

What Types of Transportation Are Affected?

The extension of this waiver only affects the transportation of the following:

  • Livestock and Livestock feed
  • Medical supplies and equipment related to the testing, diagnosis, and treatment of COVID-19
  • Vaccines, medical supplies, and equipment that administer the COVID-19 vaccinations.
  • Supplies and equipment to aid in community safety, sanitation, and prevention of COVID-19 (masks, gloves, disinfectant, etc.)
  • Food, paper products, and groceries to keep stores stocked in case of an emergency
  • Any type of gasoline
  • Any supplies to help displaced individuals that were impacted by COVID-19

To be eligible for this maximum driving time waiver, the vehicle must be transporting qualifying commodities that are directly related to COVID-19 relief. 

Why Was It Extended?

The FMCSA decided to extend this waiver as a direct result of rising positive cases, and lower output of COVID-19 vaccinations. 

To keep people healthy and prevent the spread, the demand for supplies is at an all-time high. The nation is relying heavily on truckers to keep the country moving forward in this time of need. 

We Appreciate Our Truckers!

Our country has kept moving forward during this pandemic thanks to the hard work and resilience of our truckers!

Without them, this country would be at a standstill, and we are very appreciative of the long days and nights that truckers give up to help keep this nation continue on, no matter what obstacles they face. 
Keep up the great work truckers! Everyone here at ExpressTruckTax is thankful for your hard work and diligence through this pandemic!

Look Up! ExpressTruckTax Has A New Billboard

Posted on July 12, 2021 by - express truck tax, trucking industry, US Based Customer support

If you’re in the middle of a long road trip and catch yourself driving down Interstate 77, remember to look up! ExpressTruckTax is excited to announce that we have a new active billboard that stands tall over I-77!

This billboard displays a huge welcome to Rock Hill, SC, where our office, including our customer support team, is located and we take pride in our U.S. based office. Whenever you have questions or concerns about ExpressTruckTax, you’ll be talking to our team in South Carolina.

The billboard also shows ExpressTruckTax.com, our IRS-authorized program that was designed to make e-filing your Form 2290 quick and easy.This year’s tax period is open and the IRS is now accepting the Form 2290 tax returns.

E-file on ExpressTruckTax now and receive your Stamped Schedule 1 within minutes! The current deadline is at the end of August, so make sure your return is filed and paid by then!

Other trucking products from Span Enterprises are also displayed on this billboard, including TruckLogics, ExpressITFA, and ExpressTruckTax Plus. These programs were created to help simplify the trucking business. We even offer a full service filling for Form 2290 through ExpressTruckTax’s sister company, ExpressTruckTax Plus, where you can file your tax return, right over the phone!

ExpressTruckTax’s support team strives to help our clients! So everytime you call our office, you will be speaking to a real person! Our team provides service in both English and Spanish, to make sure all of our clients get the proper help that they deserve.

Although our team typically never gets to see our clients face-to-face, we would love to see you all! So if you’re ever near Rock Hill, SC, feel free to stop by our office and come meet all of our friendly faces!

Need More Time to File Your Trucking Business Tax Returns?

Posted on April 14, 2021 by - Trucking Business

If you are a trucking business owner who needs to file Forms 1120 and/or 1041, your tax filing deadline is April 15 at midnight! However, if you need more time to file your trucking business taxes there is a solution!

With our sister-product ExpressExtension, you can request an automatic deadline extension of up to 6 months! Here’s how it works.

Form 1120 & 1041 – An Overview

Let’s start with which businesses qualify for a business tax filing deadline extension. Anyone who needs to file Form 1120 or 1041 by April 15 may request an extension with Form 7004. 

Form 1120 was designed for Corporations to report their income, gains, losses, deductions, credits and to figure their income tax liability.

Form 1041, on the other hand, is intended for estates and trusts to report their income etc. Trucking businesses typically are not estates or trusts.

What information is needed to file Form 7004?

Filing Form 7004 is fairly simple as far as tax forms are concerned. You will simply need your business name, business address, and tax-ID/EIN. Plus, ExpressExtension provides simple and concise interview-style prompts to help ensure your return is filled out correctly.

How to claim a tax filing deadline extension with Form 7004?

IRS Form 7004 allows business owners to request additional time to file their business tax forms. You don’t even have to give a reason for needing the extension! With ExpressExtension all you have to do is follow the simple instructions that they provide!

The whole process can be completed in a matter of minutes so that you can get back to driving and worry about your taxes later! Plus, the form can be completed from any device, from anywhere you find yourself. Once the IRS has processed your form, you will be notified via email of your status. 

Once the IRS has approved your return, you will have 6 more months to file your taxes! You will still need to pay your estimated tax amount by April 15, however.

File Your Tax Filing Extension Today!

Create your ExpressExtension account today and get 6 months additional months to file your trucking business taxes! 

Starting a Trucking Company? This is The Software For You

Posted on February 5, 2021 by - Trucking Business

Getting your authority? Building your own fleet? Either way, you’re going to have a lot more responsibility soon.

You’re going to need a comprehensive trucking business management software to keep track of loads, dispatches, invoices, expenses, and so much more.Thankfully, our sister product TruckLogics business management software has solutions for everything you could possibly need. Let’s talk about how TruckLogics can help you start a trucking company.

Starting a Trucking Company with TruckLogics:

Loads & Truck Dispatches

When you’re starting a trucking business, it needs to be flexible and mobile, able to go with you anywhere.With TruckLogics, you can organize all your loads and truck dispatches in one central location. And then with the TruckLogics mobile app, you can access and edit this information from anywhere.

Shipper, consignee, truck, trailer, driver, and payment information can all be recorded when you create a load. Additionally, with our ProMiles integration, you can estimate mileage for per-mile fees and truck and trailer service intervals.

Then, you can assign each load to a specific driver who will receive an automated notification of an assigned truck dispatch. Right from the TruckLogics mobile app, each driver can send updated check calls and communicate with dispatch while on the road.

Invoices

Once the truck dispatch is completed, TruckLogics can generate an accurate, professional-looking invoice for your trucking business to send to your clients. It can be printed, emailed, or faxed.

Running LTL loads that you need to split up into multiple invoices for multiple clients? Not a problem. TruckLogics can do that too! They can even handle brokers and agents for your trucking business.

Truckers starting a trucking business with TruckLogicsExpenses

One big issue you will face when starting a trucking business is how to keep track of expenses while on the road.

TruckLogics gives you the ability to notate expenses like fuel-ups and food purchases from the mobile app. You can even upload photos of your receipts to access later.If you want to get serious about your bottom line, you can run automatically generated profit and loss reports like cost per mile and revenue per mile. All this will help you stay in the black.

IFTA

One of the best parts about tracking everything in TruckLogics is that when the quarterly IFTA deadline rolls around, they will generate a report for you to file with.
As long as you have tracked mileage and fuel-ups for each truck, TruckLogics will do all the hard calculations for you.

Try TruckLogics Free

Get a 15-day free trial of TruckLogics. There’s no obligation and no payment information required to give it a test drive!

Expanding? Here’s the Best Way to Tackle Employee Payroll

Posted on November 13, 2020 by - Trucking Business

At ExpressTruckTax, we’re dedicated to making every aspect of truckers’ lives easier, including taxes, safety, and even employee payroll for trucking businesses.

If you’re not a payroll expert, employee payroll might seem like a daunting task.

In reality, online payroll processing is simple with the help of payroll solutions for small businesses.

In this article, we’ll cover everything you need to enact a payroll processing system in your trucking business.

Employee Payroll Solutions for Small Business

Employee Payroll Services

Unfortunately, there aren’t enough hours in a day for you to run every aspect of your trucking business by yourself.

However, hiring someone to manage payroll, time-off, and other common HR functions can be costly.

Luckily, employee payroll services offer an online solution to cut costs and time.

Here’s how it works.

Online Payroll Processing System

Essentially, managing employee payroll online outsources the timely tasks of payroll.

In fact, it outsources those tasks directly to your employees!

By allowing employees to view pay stubs, request time off, and access tax information, an online payroll processing system ditches file cabinets for an immediate online database.

This employee payroll system is hugely efficient and helps with time management, recordkeeping, and employee satisfaction.

Plus, if you find an online payroll processing system designed for small businesses, you may be able to cut costs even further and get some more great features catered to your success.

Staying on Top of Employee Payroll

Speaking of payroll solutions for small business, have you heard of PayWow?

PayWow is an online payroll processing system, designed specifically for small businesses. Plus, it’s our sister product, so you know it’s perfect for the trucking industry.

Essentially, PayWow allows you to manage payroll for employees and contractors from afar. Pay your workers on time, stay tax compliant, and track employees’ time clocks easily.

Your employees will have 24/7 access to employee payroll information from the myPayWow mobile app.

Get started with PayWow today!