Pam Bv Driver

Since 1992, P.A.M. Transport has offered a company-sponsored CDL training program for entry-level drivers through a partnership with the Driver Solutions Network. Through this program, P.A.M. Transport sponsors its students' upfront training costs to attend a partner truck driving school and provides an entry level driving position to drivers.

Why You Need the Pay Per Diem Program

Openings: 15 Company Drivers s for a lane running from Warren, MI to Belvidere, IL Starts Monday 1/18 Drop/Hook both ends 1765 miles per wk avg.51 CPM ($900 per week) Home every other day MWF/TuTH alternating schedule home weekends Domicile: 75 miles of Warren, MI If Interested Give Zach A Call At 479-361-5516 Or Use Link To Apply. Company drivers can claim Per Diem allowances through PAM to reduce tax liability and reclaim more take-home pay Experienced Drivers (479) 361-5425 Recent CDL Graduates (888) 849-2027.

Thanks to the Tax Cut and Jobs Act, company drivers can no longer claim per diem on Federal income tax returns. So you can no longer deduct the daily meals allowance of $66, like you could in the past. Our Per Diem Program was designed to give this lost benefit back to you and could also qualify you for additional tax credits when you file your tax return.

How You Can Pay Less in Taxes

How does the Per Diem Program work? It allows you to retain the benefit of per diem on a weekly basis, with no risk to you.

Simply register for the PAM Portal at www.pamtools.com to take advantage of this Program, or click the red button below. The bottom line… This program will help you pay less in taxes, because you deserve to keep more money in your pocket.

RECLAIM YOUR PER DIEM DEDUCTION

Not a current PAM driver? Call us at (888) 979-7013, and one of our recruiters will explain how the program works.

Per Diem Program FAQs

Q: What is per diem and how does it affect me?

Per diem pay is a tax exempt payment drivers can receive for certain personal expenses incurred each day away from home, such as meals and other incidental expenses. Prior to the recent tax law changes, a driver could sign up with their employer (if the employer offered a per diem plan) to receive a portion of their pay as non-taxable per diem pay or instead, a driver could deduct on their individual income tax return an allowance of $63 ($66 beginning 10/01/18) per day for each day they were away from home. Beginning in 2018, the ability for a driver to deduct the $63 per day was eliminated, so the only remaining way to recover costs incurred for meals and incidental expenses is through an employer’s per diem program. What this means to you is that you can receive a portion of your wages as non-taxable per diem instead of taxable wages. This will lower the amount of payroll taxes withheld from your check each week, and therefore, result in more take-home pay for you. Another side effect is that your taxable wages reported on your W-2 will be lower for the year – which could qualify you, or increase the amount of, tax credits received when filing your federal income tax return. A great example is the earned income tax credit which is a refundable credit which is largely based on your W-2 wages. A lower W-2 wage generally results in a larger credit which could result in thousands of dollars coming back to you at the end of the year. (Our savings calculator includes an estimate of this benefit as well).

Q: I used to deduct the $66 per day allowance on my individual income tax return. I really can’t deduct this anymore?

That is correct. You NO LONGER get to deduct this on your individual income tax return. When the Tax Cuts and Jobs Act passed in late December 2017, it eliminated your ability to take this deduction on your individual return.

PamDriver

Q: Why is it important for me to participate in PAM’s per diem plan?

Pam Bv Driver

Since participation will increase virtually everyone’s take home pay (by reducing taxes), we encourage everyone to consider participation. Each check that goes by without participation is another week of potential benefit that is lost. However, there are a multitude of tax situations out there so we advise that you consult with your tax preparer to confirm that participation is favorable, based on your specific tax situation.

Q: Does PAM Benefit When Company Drivers Can Claim Per Diem?

We hope so. Our benefit comes primarily from having a satisfied driving force. By satisfied, we mean that you are satisfied that we are doing everything possible for you to take advantage of an opportunity to put more money in your pocket. We hope that offering this per diem plan exhibits our desire to do just that. It is true that PAM will pay less in payroll taxes since per diem pay is not subject to FICA payroll taxes, but it is also true that we lose a tax deduction because we can’t deduct the full amount of per diem we pay you. There is also a cost to PAM in administering the per diem plan. In the end, it is pretty much a wash for PAM. Our incentive to offer the per diem plan is driven solely by our desire for you to keep more of the money you earn.

Pam

Q: I signed up for PAM’s per diem plan last year and PAM gave me $0.08 per diem, but took away $0.10 from my base rate. Does PAM’s new per diem plan still cost me the additional $0.02 in base pay?

No. The new per diem plan will transfer the entire $0.14 reduction in your taxable base pay to the non-taxable per diem pay category. This is a change from our old per diem plan where we gave you $0.08 in per diem pay but reduced your base pay rate by $0.10. This was entirely tax driven as PAM was not allowed to deduct 100% of the per diem payments while we were allowed to deduct 100% of your base pay payments. This was very costly to PAM so we had to get per diem participants to help us offset some of this cost with the $0.02 difference. As you might have heard, the new tax law reduces the corporate federal income tax rate from 35% to 21%. This lower rate makes the plan less costly to PAM which allows us to eliminate the previous $0.02 reduction.

Q: Will participation in a per-diem plan have a negative impact on my Social Security when I retire?

Yes, but the impact is generally minimal. The amount you will receive as social security benefits when you retire is based primarily on your lifetime earnings. Generally, your highest 35 years of earnings will be used in the calculation of benefits and since a per diem plan reduces the amount of reported social security wages, it is possible that some of those 35 years will include a lower amount if you participate in the per diem program. While a negative impact is likely, and everyone’s situation is different, we estimate that the impact will be negligible. You will have to decide which option is best for you but based on our calculation estimate, it is difficult to imagine a situation where the benefits of participation don’t far outweigh the reduction in social security benefits. If you could benefit today by $200/month under the per diem program then should you really be concerned about losing a few dollars a month in benefits 10 years from now? And this does not even consider the benefits of potential higher tax credits you could receive now because you would be reporting lower taxable wages.

Q: Will participation in a per-diem plan have a negative impact on my ability to get a loan?

Pam Bv Driver Ed

This is a difficult question because it really depends on the bank you use. When you provide the bank a copy of your W-2 to verify your earnings, it will not show how much you received in per diem payments. The W-2 will basically only represent a portion of your total earnings, so you would have to explain that you participate in a per diem program and request that the bank consider those payments as well. Based on experience under our old per diem program, very few participating drivers have brought this up as a serious problem. We do know that there have been some banks that asked us to explain the per diem program or verify the amount of per diem we paid (since it’s not shown on the W-2). All banks might not accept per diem payments as income so participation in the per diem program could have an impact on your borrowing capability.

Pam Bv Driver Portal

Simply register for the PAM Portal at www.pamtools.com to take advantage of this Program, or click the red button below. Not a current PAM driver? Call us our recruiters at (888) 979-7013, and we’ll explain how the program works.

RECLAIM YOUR PER DIEM DEDUCTION

Pam Bv Driver License

P.A.M. Transportation Services Inc.
TypePublic
NASDAQ: PTSI
Russell 2000 Index component
IndustryTransportation
FoundedTontitown, U.S. (1980)
Headquarters,
Area served
North America
Servicesgeneral commodities transport
Websitepamtransport.com (corporate site)

P.A.M. Transportation Services Inc. is an irregular route over-the-road trucking company that is based in Tontitown, Arkansas. Founded in April 1980, P.A.M’s current service area covers the lower continental 48 states as well as the southern parts of Ontario, Canada. In the early 1990s, P.A.M. began providing transportation services to Mexico under agreements with several Mexican trucking carriers.[1]

P.A.M. Transport serves clients primarily in the automotive, manufacturing, and retail industries and its primary freight consists of general commodities, automotive parts, and heating and air conditioning units. According to the Hoovers financial data on this company, P.A.M.’s company name stands for Pretty Awesome Mileage [2], yet according to the company's own FAQ on their website, P.A.M. is short for the company founder's initials, Paul Allen Maestri. [3]

Company Awards[edit]

P.A.M. Transport was one of the first companies to connect the trucking and business communities. In 2002 and 2003, P.A.M. Transport was named to Forbes magazine’s 200 Best Small Companies in America, coming in at number 90 in 2002 and number 186 in 2003.

P.A.M.’s Trucking Fleet[edit]

A P.A.M. Transport truck delivering a load of Polyethylene glycol to a manufacturing plant in Chapel Hill, North Carolina.

P.A.M. Transport operates a fleet of over 2,000 trucks and 6,000+ trailers. Most of P.A.M.’s trucks are Peterbilt, Freightliner and International tractors that have an average age of 18 months [4]. P.A.M. tractors also include various standard industry equipment, including air-ride cabs, Qualcomm satellite equipment, routing and directional software, and in-cab email service, and installed electronic logs on all units.

P.A.M. Transport hauls dry-van trailers, and its fleet consists of 53-foot (16 m) trailers. P.A.M. trucks are governed between 62 and 65 miles per hour (105 km/h) to conserve fuel as well as promote safer driving practices.

Company-Sponsored Training[edit]

P.A.M. Transport adopted a way to develop properly trained, safety conscious truck drivers through a sponsorship training program. Since 1992, P.A.M. Transport has offered a company-sponsored CDL training program for entry-level drivers through a partnership with the Driver Solutions Network. Through this program, P.A.M. Transport sponsors its students' upfront training costs to attend a partner truck driving school and provides an entry level driving position to drivers once they successfully complete the CDL training. To date, P.A.M. has introduced over 14,000 new drivers to the trucking industry.

External links[edit]

Pam Bv Driver Updater

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