Business Of Trucking With John Turner CPA

While this episode of the podcast notes the close of the April tax filing deadline and looks back on another tax season, Certified Public Accountant John Turner reminds listeners about the value of tax planning. John notes that staying on top of your business throughout the year with a tax plan can help to ease the stress when the tax filing deadline arrives. Also, in this episode, John highlights the discovery of unexpected tax l...

With the clock ticking down toward the April 15th deadline for tax filings, Certified Public Accountant John Turner uses this episode of the podcast to review an important business operation deduction that owner-operators, independent contractors and owners of small trucking companies often utilize at tax time. As you will hear, John will be talking about the key considerations regarding the home office deduction. You will also he...

In this episode of the podcast, Certified Public Accountant John Turner will be addressing the timely topic of tax scams that can often be found during tax season. As John shares with us, the IRS publishes a Dirty Dozen list of the top tax scams the agency has seen during the past year. As you will hear, these scams include email phishing, fake charities, improper claims for household employment taxes, bogus self-employment tax cr...

In this episode of the podcast, Certified Public Accountant John Turner covers a number of timely topics, including a discussion of the recent IRS layoffs and the possible impact those layoffs might have on tax season in 2025. John also uses this episode of the podcast to note the many additional considerations for professional drivers when it comes to filing your taxes. As you’ll hear, this is especially true for owner-operators ...

This edition of the podcast will feature Certified Public Accountant John Turner providing insights on calculating the home office deduction for small business owners, offering insights that can be helpful for owner-operators, independent contractors and fleet owners in trucking. We will also hear John share insights into why tax planning is vital beyond simply filing returns, and how CPAs represent clients to the IRS, which helps...

In this episode of the podcast, Certified Public Accountant John Turner explores the concept of how your financial health can impact other aspects of your life. Also, with tax season approaching, John explains the value of proper tax planning over simply filing tax returns, and how his firm offers comprehensive services to help professional drivers with each person’s individual tax situation. In addition, John covers the role of C...

In our opening episode of 2025, Certified Public Accountant John Turner will be comparing the expertise that is available from a professional who specializes in tax planning vs. a service that is limited to tax preparation. As you’ll hear, John compares the choice of finding an experienced tax planner vs. a tax preparer to choosing between an ophthalmologist and an optometrist. John also emphasizes the importance of tax planning t...

With this year-end episode of the podcast, Certified Public Accountant John Turner will be sharing a few key year-end tax-saving moves that can benefit owner-operators, independent contractors and fleet owners. As you will hear, John emphasizes the importance of maximizing retirement contributions, prepaying expenses and managing income to optimize tax deductions. John will also look at different methods for calculating home offic...

During this episode, Certified Public Accountant John Turner will be reviewing a list of challenges encountered by taxpayers that the IRS has put together. John will be focusing his observations on IRS customer service issues, preparer oversight with returns, identity theft and the complex appeals process utilized by the IRS. John will also discuss the importance of choosing qualified and knowledgeable tax preparers who understand...

This edition of the podcast features Certified Public Accountant John Turner discussing a variety of timely topics centered around preparing for tax season. As you will hear, John begins the conversation by noting how QuickBooks online can be a strong tool for professional drivers, especially while you are out on the road. John also will spend some time talking about the value of tax planning as well as the importance of having so...

This edition of the podcast will feature Certified Public Accountant John Turner discussing why it’s so critical that professional drivers work to maintain excellent records related to your financial transactions while you are on the road. As you will hear, accurate recordkeeping is especially important for owner-operators and independent contractors who are behind the wheel. In this episode of the podcast, John outlines the types...

This edition of the podcast will feature Certified Public Accountant John Turner talking about the importance of effective bookkeeping and tax strategies for small business owners who are part of the trucking industry. As you will hear, John will highlight the challenges faced by owner-operators in maintaining accurate records and he discusses the benefits of using modern tools for seamless financial management. John also spends s...

In this edition of the Business of Trucking, Certified Public Accountant John Turner will be sharing some timely information regarding how the IRS works with individuals who have been impacted by natural disasters. As John notes during this episode, the recent outbreak of hurricanes prompted the IRS to issue some new guidance when it comes to filing deadlines for taxes. John also talks about the options for people who have lost th...

This edition of The Business of Trucking will feature Certified Public Accountant John Turner reviewing the recent updates that the IRS has made to the per diem allowance, which is a key deduction for owner-operators and independent contractors as they run their business operations. As you will hear, John provides the details on the updated per diem rate, the effective date of the new rate and he shares some reminders about how to...

This edition of the podcast will feature Certified Public Accountant John Turner sharing what he’s learned about the new Business Tax Account option from the IRS. John will be walking us through the key features and benefits of the Business Tax Account, also known as the BTA. In addition, John touches on common issues faced by businesses, especially in the trucking industry, including the importance of maintaining good records.

In this episode of the podcast, Certified Public Accountant John Turner discusses the procedures and steps to take when you have received an audit notice from the IRS. As you will hear, John emphasizes the importance of remaining calm, understanding the notice and seeking professional help from a CPA, enrolled agent or attorney. John explains the different types of audits and highlights the necessity of gathering all relevant docu...

In this edition of the podcast, Certified Public Accountant John Turner will be talking with Dave Nemo about many of the notices that the IRS sends out through the mail. The notices that John will be discussing with Dave cover a wide range of concerns overseen by the IRS, including the following: Notices related to under-reported income, changes on the amount of estimated taxes, changes to your tax return and the balance due, over...

In this episode of the Business of Trucking, Certified Public Accountant John Turner will be talking to us about the Qualified Business Income Deduction, which is known as the QBI. As you’ll hear, John will be going into great detail describing the QBI and how it can come into play for professional drivers and business owners in trucking, including how it can be applied as a deduction for business owners who have pass-through enti...

In this Business of Trucking segment, Certified Public Accountant John Turner will be discussing the Beneficial Ownership Information Report, or BOI Report. As you will hear, the BOI Report is part of the Corporate Transparency Act, which took effect on January 1^st of 2024. In this episode, John will tell us which types of business entities are required to file a BOI Report, and John will also discuss the penalties, whi...