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In this article, we want to share some ways for you to manage your trucking business during a down freight market. Now would be the best time to start looking at your operation and identify areas where you can generate and save money. By following these tips, you can help make sure you get yourself and your trucking operation through the down times.
First and foremost, consider your health and your family’s health before deciding to run during the pandemic. If you feel unsafe or are in a high-risk health group, then it likely makes sense for you to stay home. However, in terms of trucking, this can be thought of as an extended Christmas Holiday season. If you are able and willing to run, there will be money to be made while others sit it out.
As an owner-operator, there are many ways to save money on fuel, truck maintenance, taxes, and business expenses. You can also be sure you never pay more than you have to in taxes, always have an up-to-date profit plan in place for your business, and keep an eye on your business performance each month to find ways to improve. But on top of all of this, it’s as important now than ever before that you don’t forget about your personal spending!
If you like to do everything electronically, the idea of using a computer scanner to send your receipts to your accountant isn’t all that exciting. The best way for you to send all those receipts to your accountant is right from your smartphone. We recommend using the CamScanner app.
There are many ways to reduce your chances of developing a cold, the flu, or even the Coronavirus this year. While nothing will 100% prevent you from getting sick, these tips can help keep your immune system strong and reduce your chances of developing a sickness that could keep you off the road.
Per Diem (per day) is one of your largest tax deductions as an owner-operator, but what is it exactly? And what benefits can you expect? We address these questions and more in this article.
We’ve all probably experienced imposter scams, which is the number one fraud reported last year. Today, our information is so vulnerable to hackers, scammers, imposters, and anyone looking to steal your money. You can’t stop scammers from trying to cheat you, but you can reduce your chances of being a victim.
We’ve reached the end of another year – which means it’s just about time for some New Year’s resolutions. There are many worthy goals including these financial resolutions.
Assembly Bill 5 (AB5) is a California law that restricts businesses from classifying workers as independent contractors rather than employees. Unfortunately, the bill will unintentionally affect independent contractor truck drivers in the state of California by making it difficult to work for yourself.