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 entities are required to file a BOI Report, and John will also discuss the penalties, which include significant fines and jail time, for business owners who fail to file their BOI Report. If you are an owner-operator or small fleet owner with an LLC, this is a must-listen episode of the Business of Trucking Podcast.
If You Are A Professional Driver Or You Own A Trucking Business, It’s Always Tax Season, And John Turner Is Ready To Help You! John Turner’s Trucker Tax Organizer is designed to help owner-operators, independent contractors and company drivers work with the information you need to stay on top of your business while you are on the road. Stay organized throughout the year. Download the Trucker Tax Organizer today by clicking here.
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