OOIDA webinar series: Tax pros lend guidance about running business from home

By Land Line staff | Friday, October 25, 2013

If you’re one of the many owner-operators who run your business from home, or if you are considering establishing a home office for your trucking business, the latest business webinar series from the OOIDA Foundation has the information you need to do it right and save money.

Webinar host Tom Gann will be interviewing members of the OOIDA Foundation along with two tax professionals – Jonathan Bochese, a senior tax attorney, and Krystle Hoard, a registered tax preparer with the Tax Defense Network.

Gann said this edition of the webinar series will focus on what you need to have in your home office, as well as discussions about deductions you should and shouldn’t be taking, and what constitutes a “business expense.”

 The webinar will also focus on estimating and paying quarterly taxes, incorporation issues, depreciation of equipment, and finding the right tax professional to help prepare your taxes.

“We stress that it should be somebody who is familiar with trucking,” Gann said. “The industry is just so different than your normal household taxes or your personal taxes.”

Gann also said the webinar will discuss whether you should be receiving a federal 1099 tax form or a federal W2.

“If you’re leased to a motor carrier, they should be paying you with a 1099, but if you’re a company driver, you should be getting a W2,” he said.

This is the 18th and final webinar in the business education series. Archived copies of this and previous webinars are available via the OOIDA Foundation website for up to one year from the broadcast date.

Catch the live broadcast at 7 p.m. CDT, Thursday, Oct. 31. Or you can view it in the archive afterward at your convenience. There will be time after the live broadcast for questions and answers.

Few business-training seminars offer OOIDA’s experience and knowledge of trucking-related topics, especially those relevant to owner-operators. The 2013 series is no exception.

This series of webinars gives truckers a one-two punch with some programs designed to help drivers understand rules, regulations and industry requirements, while other courses teach participants about the business side of trucking.

Webinars cover topics such as transitioning from company driver to owner-operator, understanding the authority process, using load boards and more.

OOIDA designed the program with convenience and truckers’ schedules in mind.

“Webinars are presented by industry professionals in a user-friendly format delivered directly to the participant’s computer,” Gann said.

Programs can be viewed during the original airing, and participants can revisit the material later at their convenience. Or they can sign up to view any program in the easy-to-access archive files, which are available 24 hours a day, seven days a week.

There are two programs a month, each lasting about an hour. All programs are designed to help drivers at all levels in their career. Truckers may purchase the entire course, or choose individual programs, or pick several webinars with smaller, affordable package deals.

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