Page 42 - ATR 6 2015 web 2

Insider trucking

A look at the latest products, services and news from ATR advertisers

AutomAted mobIle Per dIem
And exPense trAckIng APP
Per Diem Plus™ was specifically
designed for owner operators, leased
operators and company drivers to
streamline and take the guesswork out
of tax-related record keeping.
Per Diem Plus™ is an easy to
use mobile Android app that creates
a paperless, IRS-compliant record of
per diem, travel-related and business
expenses for U.S.-based OTR drivers new sIloAm sPrIngs are more than three years old, they are
operating in the contiguous United locAtIon for utIlIty likely antiquated - you should contact
States, Alaska and Canada. trI-stAte your attorney and CPA firm to take
The app automatically administers Utility Tri-State announces new advantage of the current estate laws.
the IRS’ Special Transportation Industry location in Arkansas. The new Siloam Now, a
rules for U.S and Canada for OTR driv- Springs facility at 510 South Lincoln joint exempt
ers covered by DOT hours of service and Drive offers trailer repair, parts, rent- estate is
who deduct travel expenses on their als and sales Monday to Friday 8-4pm. closing in
own taxes. Rena Jones, a longtime employee at the on $11,000,000; while five years ago, it
• Eliminates paper and enhances and Fort Smith location will be the primary was only $10,000,000. In the past, wills
simplifies tax preparation and audit contact for parts and service. This will and trusts were typically drafted to cre-
compliance be the fourth location in Arkansas ate the A-B trust and/or marital–bypass
• Automatically tracks each qualifying including Fort Smith, Texarkana and provisions in order to exempt the first
day and partial day of travel away the new facility under construction in estate from tax by funding an unlim-
from home North Little Rock. Utility Tri-State also ited marital provision for the surviving
• Utilizes GPS to establish “time, date has two Oklahoma locations in Tulsa spouse. The remainder would then be
and place” travel substantiation and Oklahoma City. funded to a family or bypass trust.
• Incorporates portable scanner According to Jeff Smith the owner However, with the current estate
for lodging and business expense and president of Utility Tri-State, Inc. exclusion amount most wills and trusts
receipts (PDF) “We are continuing to grow our compa- should be drafted to provide an, “I love
• Stores data on cloud servers for 4 ny so that we can offer more value and you clause,” which leaves the entire
years better service to the trucking companies estate to the surviving spouse, eliminat-
• Emails custom per diem and that have been so good to us!” You can ing the A-B trust provisions.
expense reports in multiple formats reach the Siloam Springs location by Furthermore, the surviving spouse
(Excel, PDF, XML, CSV) phone at 479-373-1525 or find all of the will benefit from a fresh start i.e. step-
• Includes 30-day FREE trial Utility Tri-State locations at www.utili- up on the values of the estate assets,
• 100% developed and managed in tytristate.com. which saves income tax dollars when
the USA the assets are later sold.
Visit www.PerDiemPlus.com for wIll & lIVIng trust tIPs Of course, there are exceptions to
more information or contact us at Instead of yearend tax planning every general rule. Hopefully, you will
info@perdiemplus.com tips, the tip today is to pull your wills add this tip to your New Year’s resolu-
and living trusts documents. If they tions.

42 ArkAnsAs truckIng rePort | Issue 6 2015