Mission Financial Blog
Pros and Cons of Employer-Paid CDL Training
Believe it or not, it’s both legal and entirely feasible for anyone in the U.S. to receive a Class A Commercial Driver’s License without any help from a private trucking school. This information can be hard to come by, however, as there are dozens of private trucking...
Tax Update for Owner Operators and Fleet Owners
IRS Brings Back Form 1099-NEC The IRS form known as 1099-NEC is returning for the 2020 tax year. The 1099 form has been in use for a long time—it’s the tax form used for independent contractors to report their taxable income. The NEC variant hasn’t always been in use,...
An Owner/Operator’s Guide to Financing During a Pandemic
A lot of things are up in the air in light of the COVID-19 pandemic. If your business had just decided to put money down on future investments, or didn’t have much squirreled away to begin with, it can be difficult to trust the market to keep your business going...
How the Freight Industry Is Rebounding in the Wake of the Recession
The American economy took a serious hit in March, April, and May of this year, with unemployment spiking at nearly 15%. This percentage of people left without full employment in America was so large, you’d have to go back 80 years to find a comparable moment of...
How the Payroll Protection Program is Helping Truckers
The Payroll Protection Program (PPP) is a form of federal relief that was provided to cash-starved small businesses as a response to the economic troubles caused by the COVID-19 pandemic. When the federal government signed the CARES Act into effect at the end of March...
Truck Driver Sun Damage – The Gritty Reality of Decades on the Road
While being a truck driver is one of the highest-paying jobs that doesn’t require a college degree, living the trucker life doesn’t come without challenges. Considering the long hours, and weeks that truckers often spend away from their families, it’s a career path...
Improving Fulfillment Efficiency During the Pandemic
For over a year now, online shopping has accounted for more retail purchases than those in traditional brick and mortar stores. From even that point of dominance, there are some reports that online shopping surged as much as 248% at the end of May. That’s drastically...
Will COVID-19 Eliminate the National Driver Shortage?
We’ve been seeing a great level of support across the country for truckers who have been putting their lives on the line to keep essential items on the move throughout the COVID-19 pandemic. The White House has made trucking one of its top priorities, offering...
How the Transportation Supply Chain Has Adapted to Aid in Coronavirus Relief Efforts
The American people have done their part in helping recognize the importance of truckers and their impact on everyone’s quality of life during the coronavirus pandemic. The White House wasted no time making sure that truckers across the country could work the flexible...
Long-Term Effects of the Pandemic on the Transportation Industry
The coronavirus pandemic has already had large, quantifiable impacts on the American economy and transportation industry. Sales of personal automobiles dipped strongly in April and have been slowly bouncing back through May. Heavy-duty truck manufacturing has been on...
