More about Andrew Bollman
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.
Blog Posts by Andrew Bollman:
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IRS Issues Per Diem Rates for 2024
This week, the IRS issued Notice 2023-68 announcing the special per diem rates for 2024 effective October 1, 2023. After rates have increase the last couple years, rates are set to remain at $69 for travel in the continental United States and $74 for travel outside the continental United States. While the per diem rates […]
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The Cost to Maintain a Fleet is Increasing
While this doesn’t come as a complete shock given where the economy and inflation still is, a recent study by the American Trucking Assocation’s Technology & Maintenance Council and Decisive Inc. showed a year over year increase of 8% of parts and labor expense when comparing the first quarter of 2023 to the first quarter […]
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Have We Been Experiencing a Freight Recession?
While many experts have argued we haven’t been in an economic recession for the last 12-18 months, the transportation space may be in a different spot. Over the last few weeks, we’ve seen results from the publicly traded motor carriers with decreased revenues, earnings, or both. There have been statements referencing a softening economy, tough […]
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California Looking to Ban the Sale of Diesel Trucks
A couple weeks ago, the California Air Resources Board (CARB) voted to ban the sale of NEW diesel semi-trucks by 2036, and to require all trucks to be zero-emissions by 2042. CARB has said that the ban is necessary to protect the environment and public health from greenhouse gas emissions. Currently, approximately 90% of all […]
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Navigating an Uncertain Labor Market
The labor market continues to be uncertain as we enter 2023. What can companies do to maximize retention and acquisition? The trucking industry will likely see a continued slowdown in driver recruiting as demand continues to normalize in 2023. Growth positions will slow but there will still be demand for key, professional positions. Companies will […]
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Push to Repeal Federal Excise Tax
Over the last few years, there has been a lot of industry-led attempts to repeal the 12% federal excise tax (FET) on heavy-duty trucks. Last week, there was another push from the American Truck Dealers, American Trucking Association, and Zero Emission Transportation Association as they sent a letter to congressional leadership. The FET was originally […]
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Changes to the FMCSA SMS system?
Back in 2018, the FMCSA released a report indicating how they planned to reform the current Compliance, Safety, Accountability program (CSA). Last week they finally announced some proposed changes to the system for the public to weigh in on. Here are some of the proposed changes: FMCSA also created a new website, Compliance Safety Accountability […]
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Proposed House Bill Offers Recruiting and Retention for Truck Drivers
A couple of weeks ago, House Representatives Dusty Johnson (R-SD) and Jim Costa (D-CA) introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act. Johnson and Costa say the proposed bill will: ATRI’s annual top 10 list has listed the driver shortage for as long as I can remember. Maybe providing a […]
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FTC Moves to Ban Non-Compete Agreements
A recent proposal from the FTC (Federal Trade Commission) would effectively ban the use of non-compete agreements by employers. Non-competes typically restrict employees from going to competitors for a certain time period or within a geographical area. Employers have typically used non-competes to help protect confidential information, trade secrets and customer lists. Currently, regulations on […]
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Section 174 Rule Changes
Section 174 expense, otherwise known as research and experimental (R&E) expenses have some rule changes for 2022 tax years. When you think of companies with R&E expenses, the transportation industry doesn’t first come to mind. Typically, you think about manufacturing or technology companies. However, in the last handful of years, transportation companies been creating a […]