Current Newsletter - March 2010

Volume 13, Number 7 July 2010

During the next few months, the transportation industry is going to see many changes. These changes will be in many forms. The FMCSA, the IRS, the Dept of Labor and more. They will all affect the way you do business.

It is our aim to keep you apprised of all upcoming regulations and anything else than can affect the way you do business or your life style, so don't miss these upcoming critical articles.

Wayne Schooling

President and CEO
NorthAmerican Transportation Association

IN THIS ISSUE

E-file your Taxes - Fast -
Accurate and Convenient...

IRS Launches Nationwide Misclassification Audit Campaign

Ask the Fuel Expert: # 5...-...

E-file your Taxes - Fast - Accurate and Convenient

By Nancy Jenkins

Times are changing!! The annual filing season for Form 2290 is underway.
More and more truckers are NOT logging a trip to their local IRS office or
standing in line to pay road taxes this year. They are e-filing Form 2290
from their computer!!

Last month, we shared the FACTS. E-filing is Fast - Accurate and Convenient! We encouraged everyone to Try it knowing it is Safe and Secure.
(Go to www.2290Tax.com and see for yourself.)

But even more changes are on the way. ...(read more)

IRS Launches Nationwide Misclassification Audit Campaign

Have you wondered how government (Obama) is going to pay for all of his spending?

The IRS has launched a nationwide employee misclassification audit campaign to find employers who are misclassifying employees as independent contractors, thus costing to so-called "Tax Gap" when employers misclassify contractors to avoid paying employment taxes to Uncle Sam.

The IRS has begun a national audit of 6000 businesses over the next three years, under its National Research Program. The IRS says its audit targets will be selected at random. The audits will cover five employment tax-related issues: ...(read more)

Ask the Fuel Expert: # 5 - Make this Resolution: get fuel-smart now...even while prices are low!

By Jack Lee

How's business? Most of us have seen cut backs in the last few months but today I have some good news for you. A fuel smart strategy will actually make you money. And it's not hard to do. Extra cash is sitting right there on your company's spreadsheet masquerading as an expense or hidden inside other costs.

When fuel prices were high, everyone wanted to know how to cut them. Now while fuel prices are lower (a temporary thing, I assure you), fuel is still the highest operating cost..( read more)

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