My Fixed Costs with Prime Inc |

[@johnnyB692]

You winning bro! Don’t let the haters say otherwise! 🦾🦾🦾

[@ogdriver5334]

Using Abacus, how much malpractice insurance do they carry?

[@ogdriver5334]

It's 70/30 split to the truck, and you pay the 30% self-employment tax. For every $1000.00 in revenue, you receive, after expenses and taxes, $210.00.

[@avalon7128]

Self employment is 15.3 percent just so you know. To save on taxes if you make over 80k I’d definitely elect s corp status. Requires you to have a payroll system but the small monthly fee with gesto saves you thousands, even tens of thousands.

[@ogdriver5334]

@@avalon7128 The 15.3% is social security and Medicare, then you add federal and state income taxes, which totals 30%.

[@ogdriver5334]

@@avalon7128 OK, 15.3% plus federal and State taxes is 30%.

[@christopherwahmhoff9348]

Man abacus lost me when they said 400$ for incorporation

[@ogdriver5334]

$400? How much should it cost?

[@christopherwahmhoff9348]

@@ogdriver5334 most professionals will do it for $100.. if you KZbin it you can very easily do it yourself for (usually).. $20

[@avalon7128]

Use trucklogics and find a CPA for your quarterly and year end. Learn how S corps work and you save thousands in taxes specially since you run a fleet s corp is where you should be.