August, 2023
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Excise Tax Repeal Gets Renewed Interest
Before the August recess, the Modern, Clean and Safe Trucks Act of 2023 was introduced by Senators Todd Young (R-Ind.) and Ben Cardin (D-Md.). The repeal of the federal excise tax is a key piece of the legislation. A similar version of the bill was drafted by House policymakers and both versions are with tax-writing […]
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Transportation Profit Down, Tax Liability Up?
We keep hearing the economy is down, worries of a recession, high inflation, etc. This post isn’t about that. Challenges face the transportation industry after many companies had successive great years. You might be reviewing your financials this year and see a smaller number on the bottom line. Now that we are nearing the end […]