Tax Write Off!!
#21
I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.
This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes
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1999 Freightshaker FLD120.... my 1st baby 2005 Pete Low and Mean 2005 9400i Cheap and making money
#22
I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.
This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes The last year I was with them, they made 6 months worth of fuel receipts disappear, then claimed I owed about $10,000 in quarterly taxes.
#23
BANNED
Join Date: Apr 2007
Location: Long gone from here
Posts: 0
I have had ATBS do my taxes for the last 4 years..... it's quite simple since Schneider sends them all the info such as fuel purchases, insurance costs, ect ect. I did not OWE any money to the government for the 1st 3 years, but once I lost my depreciation on the truck, I paid $8500 on the 4th year.
This year I have been running under my own authority and still use ATBS but also bought a 2nd truck so now I have depreciation again.... they tell me I owe about $3500 a quater but I have been paying $5000 since I have the money available and figure I will just roll over the excess into next years taxes Did you buy a turbo3000 also or was it included in the so called " accounting services " ?????
#26
With the improvements in tax software over the years, doing your own taxes as a small business isn't difficult at all. In fact, doing my taxes myself, and comparing them to the taxes that ATBS did for me, I was finding missed deduction after missed deduction on theirs.
They skipped every toll receipt I turned in. WTF.
#29
To be honest, back before Rutherford sold off The Alliance to ATBS, his accounting firm did a lot better job. But once ATBS took over, things quickly went downhill. But even before the switch, there was a lot left to be desired.
#30
new tax system
There is a new tax system in place that is very simple and you can do it yourself. the form only has 3 lines
Line 1, How much did you make? Line 2, How much do you have left? Line 3, Send it in.
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