Can Truck drivers deduct meals?
While the IRS allows most industries to deduct 50% of meals, drivers subject to the Department of Transportation's “hours of service” limits, can claim 80% of their actual meal expenses.
What does Atbs stand for in trucking?
When they sold their trucking business in the late 90's, they took their passion for owner-operators and started American Truck Business Services, now known as ATBS. It started simple...in the back of a garage, helping truck drivers with their taxes.
What are ATBS?
Acronym. Definition. ATBS. Active Time Battle System (gaming)
How do I become a trucking accountant?
6 Bookkeeping Tips for Truckers: The Basics
- Save every receipt, no matter how insignificant the charge seems.
- Open a separate checking account for your business.
- Use a separate credit card for business expenses.
- Save all of your log books.
- Keep a notebook in your truck.
- Save your records.