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Wednesday, April 17, 2019

Try These Methods To Increase Your Salary This Year


Truck using CDL Endorsments to get a Salary Increase
It is always a good thing to be grateful for what you have, but it is also wise to be mindful that you can make more. Maximizing your career as a truck driver is easier said than done, but with determination you can make it happen.

There are a number of avenues that can be chosen to make a significant increase in your salary. We want to see you thrive in your career, so we are giving you a bit of insight into how exactly you can make the trucking industry work for you.

Add Some CDL Endorsements

Passing the CDL exam is a huge accomplishment and if you've made it past that step it certainly deserves a pat on the back. There are however certain things your CDL can’t do for you.

By adding extra permissions to your CDL you will be allowed to carry loads the CDL alone won’t permit you to. Having additional endorsements will give you a competitive advantage over other drivers, allowing you to have an opportunity to choose between loads that generally pay more. Getting your HazMat endorsement or Tanker vehicle endorsement will help in increasing your salary.

Gain Additional Experience

There are a few things truckers are required to have knowledge of, but a lot of times that knowledge only comes by experience. Experience is one of the most important criteria for truckers to have in order to get a competitive salary. Experience takes time, and getting to the point where you are making the big bucks requires a bit of patience.

It is proven that drivers with 5 to 8 years of experience earn anywhere between $50,000 and $70,000, including benefits. In comparison to inexperienced drivers, who make an average of $18 per hour, experienced drivers can make up to $50 per hour. Talk about a major difference.

Reputation Goes A Long Way

We’ve all been taught that reputation goes a long way and in the trucking industry it is no different. With a clean performance record truckers are presented with better driving opportunities that lead to better pay.

Companies are interested in protecting their reputation and hiring someone whose reputation coincides with that is ideal. Having a good reputation isn’t up to anyone else, but you. The money is out there, you just have to work hard for it.

Get With The Times

By improving your IT knowledge you are already more sought after than drivers with tons of experience, who still choose to use paper logging methods. Anyone who refuses to adapt to the modern age we are currently in are slowly being weaseled out. By being up on the latest IT trends you are now a more valuable asset to the industry. This makes your time more valuable to the company you’re with.

It is not possible to dodge hard work on your way up the industry ladder. In order to get paid more, you are going to have to do a lot more than ask for a raise. There are large salaries available in the trucking industry, it just requires people with a certain type of caliber to access them.



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Wednesday, April 3, 2019

You Qualify For An Extension From The IRS

trucking getting an Automatic extension
April 15th is approaching us fast. For some, it’s only Tax Day and for those who have a lot on their plate and too much to wrap up, it's the deadline to file Form 4868. It may not seem like it, but the IRS is somewhat reasonable. They realize you could have possibly misplaced important documents and need more time, unexpected life events happen, and time can simply just slip away. This is why they have created Form 4868.

The Application for Automatic Extension of Time to File U.S Individual Income Tax Return, better known as Form 4868 extends the deadline of the income tax return as far as six-months (October 15, 2019).

The 3 Ways To Request A Form 4868

  1. Pay Electronically: When you choose this method you don’t need to file Form 4868. By making a payment the IRS will automatically process an extension of time to file when you pay part or all of your estimated income tax electronically. This can be done online or over the phone. 
  2. E-File: When you e-file you can do it on your personal computer or through a tax professional. Be sure to have a copy of your previous tax return. This information will be needed for verification. At this time you can choose whether or not to make a payment online, or send it in via postal mail.
  3. Paper Filing: With paper filing, all you will need to do is fill out a paper Form 4868. You can choose to send it into the IRS in two ways. The first way is through the mail and the other would be through a private delivery service. Be mindful that if you are a fiscal year taxpayer, you must file a paper Form 4868.


Form Sections


Form 4868 is broken down into two parts. The first being identification and the final part is where you’ll plug in all tax information.

Part I - Identification
This is the section where your name(s) will go. If you are filing a joint return you must list the names of both spouses, in the order that they appear on the return. Mailing addresses, Social Security number (SSN), and employer identification number (EIN) are also fields included in this section.

Part II - Individual Income Tax
In this section is where you’ll be filling out the estimate of total tax liability, be sure to be as accurate as possible. Total payments, balance due, and the amount you’ll be paying will also need to be inserted here. Have these important pieces of information on hand for quick filing.


Did you know that filing an extension doesn’t put you at higher risk of being audited? Generally, an extension is issued automatically and they won’t hassle you about why you are in need of an extension. So there is no need to pull out the old faithful, “My dog ate my homework” excuse.

Take the time to put in your extension today. We’d rather you be safe than sorry and paying some pretty costly penalties.




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