Abacus - Transportation Division

Today, we celebrate our incredible administrative professionals - the people who keep everything moving behind the scenes and make our workdays run smoothly. From juggling priorities and solving problems to supporting teams and keeping all of us on track, their contribution does not go unnoticed.

Thank you for the dedication and care you bring to your work! 💚

Self-employed? Your health insurance may be deductible—but only if it’s set up correctly. Small details like how the policy is titled and paid can determine whether you qualify.

Take a quick look at the key rules to make sure you don’t miss out.⤵️

Self-Employed Health Insurance: What You Need to Know - Abacus Trucking If you are self-employed, the self-employed health insurance deduction can help lower your taxable income—but only if it is set up correctly from the start. One of the most important steps is making sure the insurance policy is in the correct name. If your business does not have a separate legal n...

IRA deadlines are coming up fast. You have until April 15, 2026 to make contributions for the 2025 tax year (extensions don’t apply).

Read the article to make sure you’re maximizing your retirement savings.⤵️

Hey, Abe! When is the Deadline to Contribute to my IRA? - Abacus Trucking When is the Deadline to Contribute to my IRA? You can contribute to either a Traditional or Roth IRA up until the tax filing deadline of the following year. For the 2025 tax year, the deadline is April 15, 2026. Filing a tax extension does not extend this deadline. How Much Can I Contribute? For 202...

Wishing you and your loved ones a joyful and hope-filled Resurrection Sunday. May this day remind us of new beginnings, unwavering faith, and the power of grace. Happy Easter from all of us at Abacus!

Tax season doesn’t slow down, especially when you're on the road.

If you’re not ready by April 15, a tax extension can give you until October 15 to file. Just remember: it’s more time to file, not more time to pay.

Read the article to learn if filing an extension makes sense for you.⤵️

Hey, Abe! What Is a Tax Extension? - Abacus Trucking Tax season is here and it moves fast. When you’re an over-the-road truck driver, it can be hard to find the time to prepare for tax season. If you haven’t had the opportunity to gather your tax documents or find a preparer to file your return by April 15th, you may be wondering about an

⚠️ Tax preparer scams are more common than you think.

If someone promises a huge guaranteed refund, it could be a warning sign. Here’s how to spot refund manipulation scams and protect yourself.⤵️

Protect Yourself from Tax Preparation Refund Scams - Abacus Trucking Tax season is here, so it is important to stay aware of fraudulent tax preparation practices that can place you at serious financial and legal risk. Refund manipulation scams often involve dishonest preparers filing inaccurate returns to generate inflated refunds and directing those refunds into the...

Abacus! has been named a Top Regional Leader in the Midwest by Accounting Today for the fourth consecutive year.

“None of this happens without the people behind it,” said Managing Partner Bill Dunton. “We’re grateful to our clients for their continued trust and to our team for the dedication they bring to serving them.”

Read more about the recognition in the full announcement below⤵️

Abacus! named a Top Regional Leader by in the Midwest Abacus! has been recognized by Accounting Today as a Top Regional Leader in the Midwest for the fourth consecutive year. The annual list highlights firms demonstrating strong performance, strategic growth, and industry leadership. Accounting Today compiles its rankings each year using firm performan...

Starting in 2026, new federal rules will change how gambling losses are deducted. Learn how this update could affect your taxes in our latest Better Guidance blog. ⤵️

Major Tax Change: Gambling Loss Deductions Starting in 2026 - Abacus Trucking Effective for tax years beginning January 1, 2026, a new federal law—the One Big Beautiful Bill Act (OBBBA)—changes how gambling losses can be deducted. This update may increase taxes for both casual and professional gamblers, even if your activity breaks even or results in a net loss. What is C...

Side gig or hobby? The answer matters at tax time.

Whether you’re selling goods online, delivering food, or ridesharing, the IRS has specific rules for how income is reported. Abe breaks down how to tell the difference and what it means for you. ⤵️

Hey, Abe! Do I Need to Report Side Gig Income? - Abacus Trucking Great question! Side gigs like selling goods online, delivering food, or starting a ridesharing business are common ways people earn extra money. If you have a side gig where you earn income, you’re required to report that income. The question then becomes, is my side gig a hobby, or am I operatin...

We don’t know about you, but we’re officially in Super Bowl mode. We kicked off the excitement with a Jeans and Jerseys Day, where our team showed up repping their favorite teams from every sport.

You’ll spot plenty of Chiefs fans around here, but just for Bill, we’ll throw in a “Go Pats!” 🏈