Business Of Trucking With John Turner CPA

In this Business of Trucking segment, Certified Public Accountant John Turner will be discussing the Beneficial Ownership Information Report, or BOI Report. As you will hear, the BOI Report is part of the Corporate Transparency Act, which took effect on January 1st of 2024. In this episode, John will tell us which types of business […]

The post Delivering The Facts To Trucking Business Owners On The Beneficial Ownership Information Report appeared first on PodWheels.

In this episode of the podcast, Certified Public Accountant John Turner will be noting the various business entity structures that are most commonly used in the trucking industry. Those business entity structures include Sole Proprietorships, LLCs, Multi-Member LLCs, Partnerships, C-Corps and S-Corps. Then, as you will hear, John will then turn his focus on the […]

The post Discussing Business Entity Options & Reasonable Compensation Under The S-Corp Structure appeared first on PodWheels.

During this episode of the podcast, John Turner CPA addresses revisits the topic of tax planning on two different fronts. You’ll hear insights on the importance of monitoring the withholding categories that are part of a company driver’s paycheck. You’ll also hear John discuss the Section 105 Medical Reimbursement Plan, which presents tax-saving opportunities to […]

The post Tax Planning: How Withholding Can Impact A W-2 Employee’s Tax Liability appeared first on PodWheels.

With this episode, Certified Public Accountant John Turner discusses the latest round of letters that have been sent out by the IRS as part of the agency’s increased enforcement efforts. In addition to that topic, John will be talking about the value of bookkeeping and maintaining good, physical records. If You Are A Professional Driver […]

The post Do You Know What To Do After Receiving An IRS Letter? appeared first on PodWheels.

In this episode of the podcast, Certified Public Accountant John Turner places a spotlight on estimated taxes and why staying on top of estimated tax payments is extremely important for owner-operators and anyone working as a 1099 contractor. As you will hear, the deadline for the next quarterly estimated tax payment is coming up on […]

The post Getting The Facts On Estimated Taxes & The June 15th Payment Deadline appeared first on PodWheels.

Certified Public Accountant John Turner puts the spotlight on the tax advantages that exist within sole proprietorships and he also runs through some of the options available for lowering your tax liability if you operate your business as an S-Corporation. As John shares with Dave Nemo in this Business of Trucking segment, this discussion is […]

The post Weighing Tax Implications Of Certain Business Entity Structures appeared first on PodWheels.

While the 2024 tax filing deadline for personal returns is in the books, Certified Public Accountant John Turner reminds listeners in this episode that there’s no time like the present to begin the process of examining your tax planning for this fiscal year. In a conversation with Dave Nemo that took place two days following […]

The post With The April Deadline In The Books, It’s Never Too Early To Begin Tax Planning appeared first on PodWheels.

In this episode of the podcast that was recorded just prior to this year’s tax filing deadline, Certified Public Accountant John Turner will be revisiting the importance of having someone in your corner who can go beyond just filing your return and actually help you with tax planning throughout the year while also understanding the […]

The post Tax Deadline Countdown: Notes On Tax Planning & Helpful Tips On E-Filing appeared first on PodWheels.

In this episode of the podcast, Certified Public Accountant John Turner will be highlighting the importance of bookkeeping and how the electronic bookkeeping solutions he will be discussing can help professional drivers at tax time and throughout the year. As you will hear in this conversation with Dave Nemo, staying current on your bookkeeping can […]

The post Understanding the Value of Good Bookkeeping for Your Trucking Business appeared first on PodWheels.

In this episode, John Turner CPA will be covering two timely topics. As you’ll hear in the first portion of the podcast, John will be reviewing some important information and considerations related for anyone who needs to file an amended tax return for the 2020 tax year, which had provisions related to the COVID pandemic. […]

The post An Initial Look At New Tax Relief Law & Considerations For Trucking Professionals appeared first on PodWheels.