This edition of the podcast will feature Certified Public Accountant John Turner discussing why it’s so critical that professional drivers work to maintain excellent records related to your financial transactions while you are on the road. As you will hear, accurate...
Business Of Trucking With John Turner CPA
All Episodes
Importance Of Bookkeeping And Maintaining Good Records
This edition of the podcast will feature Certified Public Accountant John Turner talking about the importance of effective bookkeeping and tax strategies for small business owners who are part of the trucking industry. As you will hear, John will highlight the...
IRS Addresses Deadlines For Taxpayers Impacted By Recent Natural Disasters
In this edition of the Business of Trucking, Certified Public Accountant John Turner will be sharing some timely information regarding how the IRS works with individuals who have been impacted by natural disasters. As John notes during this episode, the recent...
Discussing Updates To The Per Diem Rate & The Importance Of Good Recordkeeping
This edition of The Business of Trucking will feature Certified Public Accountant John Turner reviewing the recent updates that the IRS has made to the per diem allowance, which is a key deduction for owner-operators and independent contractors as they run their...
Understanding The New Business Tax Account From The IRS
This edition of the podcast will feature Certified Public Accountant John Turner sharing what he’s learned about the new Business Tax Account option from the IRS. John will be walking us through the key features and benefits of the Business Tax Account, also known as...
Initial Steps To Take After Receiving An Audit Notice From The IRS
In this episode of the podcast, Certified Public Accountant John Turner discusses the procedures and steps to take when you have received an audit notice from the IRS. As you will hear, John emphasizes the importance of remaining calm, understanding the notice and...
Have You Gotten Any Of These Notices From The IRS?
In this edition of the podcast, Certified Public Accountant John Turner will be talking with Dave Nemo about many of the notices that the IRS sends out through the mail. The notices that John will be discussing with Dave cover a wide range of concerns overseen by the...
Learning The Facts About The Qualified Business Income Deduction
In this episode of the Business of Trucking, Certified Public Accountant John Turner will be talking to us about the Qualified Business Income Deduction, which is known as the QBI. As you’ll hear, John will be going into great detail describing the QBI and how it can...
Delivering The Facts To Trucking Business Owners On The Beneficial Ownership Information Report
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...
Discussing Business Entity Options & Reasonable Compensation Under The S-Corp Structure
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,...
Tax Planning: How Withholding Can Impact A W-2 Employee’s Tax Liability
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...
Do You Know What To Do After Receiving An IRS Letter?
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...
Getting The Facts On Estimated Taxes & The June 15th Payment Deadline
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...
Weighing Tax Implications Of Certain Business Entity Structures
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...
With The April Deadline In The Books, It’s Never Too Early To Begin Tax Planning
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...