New federal reporting requirements meant to prevent money laundering will have a big impact on small businesses. We’ll have what you need to know. Also, a long-running court case involving who is an employee and who is an independent contractor in trucking finally has been settled, nearly a decade and a half since it started. And it’s been a rough start to the year for the spot market. We’ll discuss how this past week went and find out what demand will look like as we move into the spring.
10:00 – What do new reporting requirements mean for your business?
24:52 – New Jersey classification case finally settled
39:54 – A rough start for the 2024 spot market
Links, email addresses, phone numbers and more information
- You can file a Beneficial Ownership Information report here.
- Check out Taxation Solutions online to see its services.
- Get more information about the freight market.
- Starting Thursday, Feb. 15, Marty Ellis and the Spirit of the American Trucker will be at the Petro in El Paso, Texas. That’s located at Exit 37 off Interstate 10. Stop in and join OOIDA for a $10 discount.
- Whether for truck parking funding, stopping speed limiters or getting overtime pay for company drivers, get your lawmakers on board with a quick email sent from Fighting For Truckers.
- You can donate to the Truckers For Troops fund all year.
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Catch up on the news with Scott Thompson
OOIDA urges common-sense changes to the safety fitness determination process. Two trucking-related bills in the U.S. House pick up more support. And pressure mounts in California in the battle against autonomous vehicles.
What do new reporting requirements mean for your small business?
The Treasury Department recently changed some reporting requirements for small businesses. The new reporting system, meant to tamp down on money laundering operations, includes smaller trucking companies and owner-operators, meaning changes for some of you. Barry Fowler of Taxation Solutions joins the program to help us understand what’s required.
New Jersey classification case finally settled
A long-running court case linked to the trucking industry finally has been settled, nearly a decade and a half since it started. The case involves who is an employee and who is an independent contractor, not a surprising topic in today’s trucking industry. But the location may be a surprise – New Jersey. Tyson Fisher of Land Line Magazine offers a rundown.
A rough start for the 2024 spot market
It’s been a rough start to the year for the spot market. We’ll hear from Robert Rouse of DAT about how this past week went and find out what demand will look like as we move into the spring.
