More about Nathan Logan
Nathan is a CPA and has more than ten years of experience providing tax planning, consulting and compliance services to a number of privately held businesses and individuals in a variety of industries, with a special focus on the transportation and logistics industry. He actively communicates with clients and seeks ways to align their individual and business goals with available tax strategies to allow them to make well-informed decisions.
Blog Posts by Nathan Logan:
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Bye Bye Bonus?
If you haven’t heard yet, 2022 is the last scheduled year of 100% bonus depreciation. From 2023 through 2027, bonus depreciation will phase down by 20% each year. Businesses have enjoyed the benefits of 100% bonus since 9/28/17 with the passage of the Tax Cuts and Jobs Act. Effectively, bonus depreciation has allowed businesses to […]
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Critical Issues Identified by the Industry
The American Transportation Research Institute (ATRI) recently released their report, “Critical Issues In the Trucking Industry – 2022”. As stated in the report, a list of issues were first identified by stakeholders with ties to the motor carrier industry and from there ATRI conducted a survey distribution to over 25,000 contacts. As you consider this […]
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Clean Fuel Tax Credits Get Extended
The Inflation Reduction Act had a nice benefit buried within the pages in regards to alternative fuel, an extension of credits through December 31, 2024! The credits had previously expired December 31, 2021. This extension includes the alternative fuel and the alternative fuel mixture credit. Alternative fuels include natural gas, propane, liquefied hydrogen, P-Series fuel, […]
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Commercial Vehicles Included in the Push for Clean Energy and Other Tax Changes
The Inflation Reduction Act of 2022 (IRA) had plenty to unpack, but not the tax increases initially proposed under the Build Back Better Act which fizzled due to a lack of support. The IRA was significantly scaled back and included very little tax law changes and perhaps none that will effect the majority of the […]
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Supreme Court Denies Review of California Assembly Bill 5
At the end of June the Supreme Court denied the review of California Assembly Bill 5 (AB5) and returned the case to the 9th U.S. Circuit Court of Appeals. A ruling by the 9th Circuit had previously overturned a lower court’s injunction that had kept AB5 from applying to the transportation industry. Despite overturning the […]
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Will a Fuel Tax Holiday Provide Relief?
President Biden recently called for a fuel tax holiday to help reduce the costs at the pump. Will it help? Sure, a little bit. A little bit are the key words. The President is pushing for a three-month holiday that would remove the federal fuel tax. Currently, the federal tax is 18 cents per gallon […]
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Mileage Rates Increase for Remainder of 2022
On June 9th, the IRS announced that for the final 6 months of 2022 the optional standard mileage rates to determine the deductible costs of operating an auto for business and certain other purposes would be increased. The updated mileage rate for business travel will be 62.5 cents per mile, up from 58.5 cents per […]
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The Year of Early Planning
Proposed tax legislation may not be moving quickly, but that doesn’t mean there isn’t significant changes that warrant early planning for 2022.
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Consider Your Leverage
For asset-based carriers trucking is usually a high leverage business. It involves constant equipment trade cycles that often requires financing to be able to afford the costs or protect cash reserves. With inflation and technological improvements, we have seen equipment costs rise and expect that trend to continue. Why do I mention this? Because interest […]
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Could the Events in Ukraine Impact Your Business?
Cybersecurity protection has become about as important as hazard insurance to protect your buildings and property. While cyber attacks may not be the first thing you think about when you think of the conflict in Ukraine, it should absolutely be something to consider when you think about how events there could impact your business. Ask […]