Discussing Updates To The Per Diem Rate & The Importance Of Good Recordkeeping

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 work with partial days out on the road. John also spends some time in this episode discussing recordkeeping, including the importance of properly managing receipts and maintaining a bank account for business.

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