Podcast | On-Demand

Tax Prep 101 for independent contractors in transportation

Episode 10

Tax season is upon us which means many people are scrambling to find a tax preparation resource who understands the nuances of 1099 workers in the transportation industry. Or, they’re struggling to get organized. Or worse – they’re sticking their heads in the sand and avoiding taxes altogether. 

That’s why Equinox Owner-Operator Solutions is here to help you! They understand trucking, transportation, and logistics. The Equinox team are proud blue collar accountants who are dedicated to the success of their IC clients.   

In this episode, host Nick Hancock interviews Colton Lawrence, CPA, President & CEO of Equinox Owner-Operator Solutions. Their overview discussion of tax preparation for ICs is helpful to anyone just starting out or small business owners who might need some extra help. And, learn why you should NOT file taxes the old-school way.    

For more information, please visit the Equinox website: www.equinoxbusiness.com  

For a deeper dive into the topics discussed in this episode, please check out Equinox’s podcast: www.equinoxbusiness.com/podcast

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The Gig Academy host

Nick Hancock, Openforce Gig Academy Podcast Host and Customer Success Manager of Key Accounts
Nick monitors all areas that pertain to and affect the gig economy and IC model to best advise and meet the needs of Openforce’s clientele. Prior to working at Openforce, Nick worked in the dental manufacturing industry and has a background in insurance as a producer.

Nick has a Bachelor’s degree in Interdisciplinary Studies of Humanities from Northern Arizona University. Nick resides in Phoenix, Arizona where he and his wife recently welcomed their firstborn daughter in October 2021.

About this episode’s guest

Colton Lawrence, President/CEO of Equinox Owner-Operator Solutions
Colton Lawrence is the President & CEO of Equinox Owner-Operator Solutions, a leader in the trucking industry for providing accounting, tax, and business advisory expertise to owner-operators and independent contractors. Colton is a licensed CPA in the state of Utah, and he leads a dedicated staff of top professionals. Over his many years of service to trucking entrepreneurs and professional drivers, Colton has earned a reputation as a trusted resource and is known in transportation circles as the Trucker CFO.

A staunch supporter of the gig economy, Colton believes there is a path to profitably operating a small fleet or single truck operation in transportation. Colton is active in several transportation industry associations which rely on the independent contractor model and is a proud member of the Women In Trucking Association. Colton serves as the host of the Equinox Owner-Operator Solutions Podcast, which is available through all the major podcast services. Beginning in January, Colton has become a regular contributor for the Radio Nemo Team, appearing on the Tim Ridley Show, the Dave Nemo Show and Nemo Weekends on a rotating basis. All of those shows can be heard on SiriusXM’s Road Dog Trucking Radio.

About Equinox Owner-Operator Solutions
Equinox Business Solutions, headquartered in Salt Lake City, UT, is one of the nation’s largest and fastest growing technology-driven business services firm. Equinox has been focused on the transportation industry for years, with an emphasis in long-haul over-the-road trucking, expedited trucking, the courier market and other important segments. Equinox is in business to help the businesses of the nation’s independent contractors who make our transportation system work.

Equinox Owner-Operator Solutions offers a comprehensive array of business services including bookkeeping, tax, and technology solutions, all which enable Equinox’s team of Personal Business Advisors to help the transportation industry’s independent contractors manage their business, understand their fuel consumption, and adapt to changes in their business in real time . Equinox is committed to helping customers successfully manage and grow their business and find true independence. Equinox’s solutions are proven to increase the success and improve the overall profitability of independent contractors through increased revenue, safety and training. With over 12 years of leading industry experience and working with over 30,000 Owner-Operators and Independent Contractors across the nation in 48 states, Equinox and its people are true transportation experts.

About Openforce
Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Their cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.

Subscribe to the Gig Academy Podcast

About Openforce

Openforce is the leader in technology-driven services that reduce operating costs and mitigate risk for companies using independent contractors. Our cloud-based applications help companies and contractors alike achieve more sustainable, profitable growth by removing financial, operational, and compliance barriers to getting business done.

Stay updated with Openforce by signing up for our newsletter


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