Owner-Ops & ICs: What Is Your Tax Plan For The 2025 Fiscal Year?

Unless you filed an extension with the IRS, many people put thoughts about taxes off into the distance once the calendar flips from April to May. In this episode of the Business of Trucking, Certified Public Accountant John Turner continues his efforts to emphasize the importance of developing a tax planning strategy that you can use throughout the year. As John shares with our listeners, waiting until later in the year or putting tax planning off until tax time can prove to be quite costly. As you will hear, John discusses a number of proven tax planning strategies that can allow owner-operators and independent contractors to be positioned to lower what they will owe to the IRS at Tax Time. Those strategies include the pre-tax savings of contributions to retirement plans, equipment purchases and considerations with business entity structures. 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. Learn more on how John and his team can help you by clicking here. The post Owner-Ops & ICs: What Is Your Tax Plan For The 2025 Fiscal Year? appeared first on PodWheels.