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How To Stay In the Trucking Industry

Tools

By Jay Michaels

Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) A local accountant indicates the trucking industry is the backbone of our economy. All it needs to get into trucking is a truck and a trailer. But this accountant points out that it takes more than that to stay in the trucking industry.

CPA Clint Adams with Cooper Norman says, "There are a lot of regulations. You're dealing with multiple government agencies, state agencies, various taxes. And there's a lot that these trucking companies need to follow all the rules."

Adams explained trucking companies already are paying fuel taxes in other states. And that's why those states want to make sure truckers are paying income taxes as well. The ongoing changes in healthcare laws are also a concern for this business.

May 1, 2013.


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