Tag Archive: "Transportation"
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Trailer Side Underride Guards May be One Step Closer to Reality
The Department of Transportation (DOT) recently sent a proposed rule to the Whitehouse Office of Management and Budget (OMB) to consider requirements for side underride guards on trailers and semitrailers. Obviously the potential benefit being the reduction of crashes involving a vehicle going beneath a trailer, which can be catastrophic. This topic may sound familiar […]
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New Retirement Rule Changes
At the end of December, President Biden signed a $1.7 trillion spending bill into law. Included in the bill were some significant changes to the retirement system in the US that are known as the SECURE 2.0 Act of 2022. Here are a few of the biggest changes included in the bill: Our colleague Steve […]
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Mileage Rates for 2023
The IRS has issued updated optional standard mileage rates for 2023. These rates are often used to calculate the deductible cost of operating a vehicle for business purposes as well as used by employers for calculating employee reimbursements for business mileage driven with personal vehicles. Beginning January 1, 2023, mileage rates will be: The mileage […]
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Microsoft 365 – Getting More for Your Investment
This blog was authored by my colleague Grant Rolfes – Assurance Manager Transportation companies have continued to grow accustomed to the ever-changing landscape of the industry. From additional regulations, staffing challenges, and a volatile interest rate environment, many companies are looking for solutions to increase the efficiency of their organizations. One tool that may be […]
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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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Business Transition Planning – Pause and Plan
The last couple of years have been emotional rollercoaster for transportation & logistics company owners. Labor/driver/equipment shortages, volatile markets, higher input costs, and numerous proposed changes in income and estate tax laws have caused owners to seriously think about restructuring their leadership team, transitioning or even altogether exiting their transportation & logistics company. Remember that all […]
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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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The Good and Bad with the Employee Retention Credit
With almost all of the COVID relief programs having run their course and a new landscape ahead for businesses recovering from the experiences of the past 26 months, some owners are still losing sleep at night wondering how they’re going to rebuild, whether they claimed all funds that were made available by the various legislative […]
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Thank You to our Truck Drivers
Though the appreciation started well before it was nationally recognized, this week marks the 24th National Trucking Driver Appreciation week. We simply want to take a moment and sincerely recognize the 3.6 million professional truck drivers across the country. The past 12 months have been some of the busiest times this industry has faced, but […]
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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 […]