On Dec. 18, 2017, a controversial federal rule took effect requiring most commercial trucks to be equipped with electronic logging devices, also known as ELDs.

Many trucking groups spoke out against the ELD mandate after the Federal Motor Carrier Safety Administration (FMCSA) authorized it in 2015. The Owner-Operator Independent Drivers Association challenged the rule in federal court. Still, the mandate moved forward, requiring most trucking companies to begin using ELDs to log hours of service.

Whether you operate under your own authority or lease on to a carrier, any expense related to running your trucking business is tax-deductible.

Below are some common business expenses that are sometimes overlooked when owner-operators file their taxes. Remember to keep receipts and other records of these expenses throughout the year so that you can provide proof to the IRS if necessary.

If your trucking company operates more than a handful of power units, it is time for you to consider using a software technology to help manage your fleet.

Dispatch software offers several advantages to small- and mid-sized trucking fleets. Not only can the software create efficiencies and improve load profitability, it provides the visibility to trucks that is now demanded by many shippers and freight brokers.

If your company is involved in the manufacturing and distribution of firearms or ammunition, you understand the pressure to meet growing customer demands.

The past two years have seen record sales for the firearm industry in the United States. According to FBI data, there were more than 23 million background checks for gun purchases in 2015. Last year, the number of background checks increased to 27 million. Manufacturers like Smith & Wesson and Sturm Ruger are seeing record sales, as are major firearm retailers like Walmart, Cabela’s and Dick’s Sporting Goods.

After a two-year hiatus, the oilfield services industry appears to be on the rebound.

While U.S. oil production has not yet returned to its pre-2015 levels, the number of oil rigs that have been put back to work has steadily increased in recent months. According to Baker Hughes, 741 oil and gas rigs were operating across the country in early February, up nearly 11% from the previous month and 36% higher than in February 2016.