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-   -   ~Need Owner Operator Advice~ (https://www.classadrivers.com/forum/owner-operators-forums/28334-%7Eneed-owner-operator-advice%7E.html)

GA1803 07-17-2007 11:20 AM

~Need Owner Operator Advice~
 
My husband just recently became an owner operator. We are now in the process of deciding what type of account should we open up solely for his truck business.

Right now he is working by contracting out to a Gas tank Line. The company does no withholdings so we must make sure that the IRS is getting their money and we are saving in a separate account for the business.

All advice is greatly appreciated we are new to this and do not mind hearing sound advice :)

Kranky 07-17-2007 11:32 AM

Re: ~Need Owner Operator Advice~
 

Originally Posted by GA1803
My husband just recently became an owner operator. We are now in the process of deciding what type of account should we open up solely for his truck business.

Right now he is working by contracting out to a Gas tank Line. The company does no withholdings so we must make sure that the IRS is getting their money and we are saving in a separate account for the business.

All advice is greatly appreciated we are new to this and do not mind hearing sound advice :)

Consult with a CPA as soon as possible.

There is too much at stake here to consider it a DIY project.

Best of luck.

GA1803 07-17-2007 12:05 PM

Thanks we will get right on it. I hope that we can find a reputable one.


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