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10-31-2008, 04:52 AM
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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
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10-31-2008, 12:26 PM
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Quote:
Originally Posted by rgordon212
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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My sympthies that you are using ATBS. They are one of the worst tax firms out there. Not only did they miss deduction after deduction when I was using them, but they were notorious for completely forgetting that they were even supposed to be doing my taxes. They repeatedly lost many of the receipts that I sent them, as well as neglecting to include expenses when actually filing.
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.
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10-31-2008, 03:47 PM
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Quote:
Originally Posted by rgordon212
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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The " messiah " of trucking Kevin Rutherford got another one.....:clap:
Did you buy a turbo3000 also or was it included in the so called " accounting services " ?????
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10-31-2008, 04:16 PM
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I keep receipts for eveything and use Quicken, it costs forty bucks a year or so.
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10-31-2008, 04:54 PM
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Quote:
Originally Posted by Chiefwhatdahey
I keep receipts for eveything and use Quicken, it costs forty bucks a year or so.
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:bigclap::bigthumbsup:
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10-31-2008, 05:23 PM
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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.
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10-31-2008, 05:50 PM
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Rev I'd love for you to call into the messiahs show some time, and explain all the grief with ATBS.
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10-31-2008, 07:30 PM
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Quote:
Originally Posted by allan5oh
Rev I'd love for you to call into the messiahs show some time, and explain all the grief with ATBS.
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Set it up !!!
The sheeple will lose their minds !!!:lol:
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10-31-2008, 08:22 PM
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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.
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10-31-2008, 10:37 PM
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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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