The Daily Dash: Trucking’s payroll tax problem, Nikola’s surprise order and trucker sentenced

Truckings payroll tax concerns

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, trucking ponders its next move following President Donald Trump’s payroll tax deferment order. Plus, Nikola receives a huge order from an unexpected source; Cummins and Navistar ink a new deal; and a truck driver is sentenced for a crash that killed five.

When is a tax break not really a tax break?

Will truck drivers and trucking companies see any additional money from Trump’s payroll tax deferment...

https://s29755.pcdn.co/news/the-daily-dash-truckings-payroll-tax-problem-nikolas-surprise-order-and-trucker-sentenced

Trucking companies caught in Trump’s payroll tax deferment order

Trump orders a cut to payroll taxes

President Donald Trump issued an executive order on Saturday providing relief for Americans from the payroll tax. It was part of a broader package of orders he signed but is perhaps the one that is most confusing at this time for employers and many trucking operations may be wondering what to do.

The order instructs employers to defer certain payroll taxes on Americans making less than $100,000 a year through the end of 2020. According to Kiplinger, American workers pay 7.65% of their wages in...

https://s29755.pcdn.co/news/trucking-companies-caught-in-trumps-payroll-tax-deferment-order