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Becoming an Owner-Operator: Financing Your First Truck September 17 2021

Post by: Jessica Mitacek

So you have decided to take the next step forward in your trucking career and become an owner-operator, congratulations! One of the first things you may be thinking about is how to go about getting your own truck. This can be both exciting and intimidating. You should take your time to find the right make, model, and specs to fit your needs, but also determine the right way to pay for it. It is essential to find a truck that fits your needs right now, even if it doesn’t have all of your wants. Staying within your budget at this stage is key to your long-term success.

So you have decided to take the next step forward in your trucking career and become an owner-operator, congratulations! One of the first things you may be thinking about is how to go about getting your own truck. This can be both exciting and intimidating. You should take your time to find the right make, model, and specs to fit your needs, but also determine the right way to pay for it. It is essential to find a truck that fits your needs right now, even if it doesn’t have all of your wants. Staying within your budget at this stage is key to your long-term success.

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Becoming an Owner Operator - Dan's Video Story August 27 2021

Post by: Carrie Anderson

Dan Cameron started at K & J Trucking over 16 years ago. Shortly after becoming an owner operator with K & J his dad received a difficult diagnosis that affected Dan's ability to stay in the truck. Here is Dan's story: why he came to K & J, why he chose to lease a truck, and why he has stayed for 16 years. 

Dan Cameron started at K & J Trucking over 16 years ago. Shortly after becoming an owner operator with K & J his dad received a difficult diagnosis that affected Dan's ability to stay in the truck. Here is Dan's story: why he came to K & J, why he chose to lease a truck, and why he has stayed for 16 years. 

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What is the PRO Act? What It Means for Owner-Operators April 19 2021

Post by: K&J Trucking


On March 9, 2021, the U.S. House of Representatives passed the PRO Act in what could be seen as an effort to eliminate trucking’s successful owner-operator program.

On March 9, 2021, the U.S. House of Representatives passed the PRO Act in what could be seen as an effort to eliminate trucking’s successful owner-operator program.

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2021 Tax Tips for Owner Operators March 26 2021

Post by: K&J Trucking

 

Disclaimer: the article below is for informational purposes only. Make sure you talk to a tax professional for advice that fits your particular situation.

Tax season is a time that many of us dread, and it is upon us yet again. If this is your first year as an owner-operator, it may seem particularly overwhelming as you are looking at a major change from when you were a company employee. Instead of taxes being taken automatically from your paycheck, you now have the daunting task of calculating and paying taxes to both State and Federal agencies yourself. And if this isn’t your first rodeo, you may still not be looking forward to gathering the necessary information to prepare your 2020 taxes.

But never fear; we have prepared some quick tips for helping this process go smoothly for both new and veteran owner operators.

 

Disclaimer: the article below is for informational purposes only. Make sure you talk to a tax professional for advice that fits your particular situation.

Tax season is a time that many of us dread, and it is upon us yet again. If this is your first year as an owner-operator, it may seem particularly overwhelming as you are looking at a major change from when you were a company employee. Instead of taxes being taken automatically from your paycheck, you now have the daunting task of calculating and paying taxes to both State and Federal agencies yourself. And if this isn’t your first

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Calculating and Reducing Variable Costs in Your Trucking Business June 6 2019

At K & J Trucking one of our primary passions is to help owner operators succeed in the business. There are several foundational concepts that help trucking business owners build a path to success, and one of these is understanding the concept of variable costs.

At K & J Trucking one of our primary passions is to help owner operators succeed in the business. There are several foundational concepts that help trucking business owners build a path to success, and one of these is understanding the concept of variable costs.

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How to Find Support When You're Starting a Trucking Business May 14 2019

Post by: K&J Trucking

If you're a company driver the thought of starting your own trucking business and becoming an owner operator can be daunting. And honestly, it should be a little daunting. When you become an independent contractor you take on a lot of risk as a business owner. Owning your own business could mean debt piling up, unanswered questions, bad business deals, and stress. However, you also have a huge opportunity to grow your income, be your own boss, and even build a fleet of trucks. It could also mean building a legacy to hand to your children.

If you're a company driver the thought of starting your own trucking business and becoming an owner operator can be daunting. And honestly, it should be a little daunting. When you become an independent contractor you take on a lot of risk as a business owner. Owning your own business could mean debt piling up, unanswered questions, bad business deals, and stress. However, you also have a huge opportunity to grow your income, be your own boss, and even build a fleet of trucks. It could also mean building a legacy to hand to your children.

more...

Four Owner Operator Tips for Preparing for an Audit March 29 2019

Post by: K&J Trucking

There is a saying out there that we've heard, "You will get sued." It is a bit dark and depressing, but in a litigious industry like trucking, it can be more accurate than we would like to admit. The point behind the saying, of course, is that it is better to prepare for the worst in case the worse should happen.

For owner operators or owners of trucking fleets, we would like to add to that saying.

"And you might get audited." 

An audit can be terrifying if you haven't maintained healthy bookkeeping habits. And unfortunately, if you're holding an audit notice from the IRS it is a little late to start good habits. There are, however, plenty of things you can do to proactively prepare for the possibility of an audit in case you are selected by the IRS. 

There is a saying out there that we've heard, "You will get sued." It is a bit dark and depressing, but in a litigious industry like trucking, it can be more accurate than we would like to admit. The point behind the saying, of course, is that it is better to prepare for the worst in case the worse should happen.

For owner operators or owners of trucking fleets, we would like to add to that saying.

"And you might get audited." 

An audit can be terrifying if you haven't maintained healthy bookkeeping habits. And unfortunately, if you're holding an audit notice from the IRS it is a little

more...

Three 2018 Tax Changes and What They Mean May 24 2018

Post by: K&J Trucking

Trump's 2018 tax plan comes with plenty of questions, including how it will affect truckers. We talked to Tara Thompson, a tax preparer who regularly works with truckers to get her thoughts on three of the most talked about or confusing changes and how they may affect your taxes over the next year. 

Trump's 2018 tax plan comes with plenty of questions, including how it will affect truckers. We talked to Tara Thompson, a tax preparer who regularly works with truckers to get her thoughts on three of the most talked about or confusing changes and how they may affect your taxes over the next year. 

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Is It Possible to Experience Financial Peace On The Road? May 15 2018

Post by: K&J Trucking

Unless you avoid talk-radio like the plague you've probably heard Dave Ramsey while you've been out on the road. If you have, then you likely know about the cash-based envelope system and his educational series Financial Peace University. While both are amazing resources that we highly recommend, you don't have to go full-on-Dave-Ramsey in order to see the benefits of budgeting. Learning the basics of budgeting is a great way to dip your toe into financial planning for your trucking business, and your life. Here are a few tips for a balanced approach to being a financially responsible driver or owner operator.

Unless you avoid talk-radio like the plague you've probably heard Dave Ramsey while you've been out on the road. If you have, then you likely know about the cash-based envelope system and his educational series Financial Peace University. While both are amazing resources that we highly recommend, you don't have to go full-on-Dave-Ramsey in order to see the benefits of budgeting. Learning the basics of budgeting is a great way to dip your toe into financial planning for your trucking business, and your life. Here are a few tips for a balanced approach to being a financially responsible

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How to Become an Owner Operator Truck Driver - Justin's Story January 31 2018

Post by: K&J Trucking

We have always prided ourselves on being a family owned trucking company. K&J owner operator Justin Hamann likes being a name instead of a number. “Everybody is family-oriented here. You can talk to anybody and they talk to you like a family member instead of just an employee," Justin said. But Justin isn't the only member of his family at K&J—continue reading to learn about how his family is part of our family, and how that helped him on his path to becoming an owner operator truck driver

We have always prided ourselves on being a family owned trucking company. K&J owner operator Justin Hamann likes being a name instead of a number. “Everybody is family-oriented here. You can talk to anybody and they talk to you like a family member instead of just an employee," Justin said. But Justin isn't the only member of his family at K&J—continue reading to learn about how his family is part of our family, and how that helped him on his path to becoming an owner operator truck driver

more...

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