Regulatory and Policy Updates
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Use Independent Contractors? There’s a New Rule Companies Must Follow
Under the new rule, workers are not likely to be independent contractors if they’re economically dependent on an employer for work.
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The New Federal Emissions Standards’ Impact on the Transportation Industry
The U.S. Environmental Protection Agency announced new national greenhouse gas pollution standards for freight trucks and other heavy-duty vehicles.
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Companies Must Consider Massachusetts Sales/Use Tax on Rolling Stock
Transportation companies traveling through Massachusetts should keep their sales/use tax on rolling stock in mind as risk is considered.
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IRS Issues Standard Mileage Rates for 2024
Beginning January 1, 2024 the standard mileage rates for automobiles have been updated. 67 cents per mile driven for business use 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces 14 cents per mile driven in service of charitable organizations The business use amount noted above […]
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DOL Releases Final Rule for Determining Contractor Status
Earlier this week, the DOL finalized its ruling on determining employee or independent contractor status under the Fair Labor Standards Act (FLSA). The DOL put out the proposed ruling back in October, and the final ruling mainly follows the proposed regulations. The new regulations will mainly analyze independent contractor status on a “totality-of-the-circumstances” basis, which […]
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Autonomous Trucks in California May Require Human On Board
Should autonomous vehicles have a human on board? It’s obviously an important question. Not only for safety but also the economics of it. There are millions of drivers that depend on the profession to earn their living. There is also the comfort factor of all of the other drivers on the roads at the same […]
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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 […]
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Proposed Rule Released for Automatic Emergency Braking on Heavy Vehicles
In late June, a proposed rule was jointly released by the National Highway Traffic Safety Administration (NHTSA), Federal Motor Carrier Safety Administration (FMCSA), and Department of Transportation (DOT) to require automatic emergency braking on heavy vehicles with a gross vehicle weight rating greater than 10,000 pounds. In addition, the proposal also includes an amendment to […]
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Retirement Rule Changes Coming
Whether you run a business with employees or you are an employee yourself with a retirement plan, be mindful of changes coming. The $1.7 trillion federal spending bill signed into law at the end of December included the SECURE 2.0 Act of 2022. Changes include automatic enrollment provisions, enhanced catch-up contributions, and Roth requirements on […]