Search results

So what, you still have to pay taxes on it...

Just as a side note (very sided) for all of you that used to have another DOT number set up "for taxes only" purposes, while still showing the carrier DOT# on the side of the truck as the one responsible for safety, the FMCSA got away with that stupid idea, and you are no longer require to have...

i was wondering how (on what line) to report an item we need to buy in order to haul one load ? for example 'those straps' that Ateam are buying. in my case i sometime needs to buy disposable items, like plastic wrappers, securement devices, bordering, spacing or wood. it's comes to about...

What credit card reward program do you use ? for years i used a visa card that had a cash back reward program. it was great ! then a few months ago they switched to a 3rd party provider. now i have thousands of worthless 'reward points' that can only be used to buy from an online catalog...

oh, paying a loan will be EZ after the reelection, problem is, that money won't be worth as mach.

Simple, the finance co. don't needs to. when it comes to new trucks, the larges costumers are lease company's and large fleets, both of which replace trucks all the times.(*) i can't answer the OQ, sorry but i was never in those shoes . (*) - which is why they try to get away with the FET...

yes i was, i had a same post not so long ago, when EO introduced us to that "finance-guy', which suffer from the same syndrome . or back in the days when OOIDA did the same (which was the same guy BTW)...

Isn't that what got us to this mess to begin with ? why do finance company's still give loans to peoples with bad credit, that can not stay in business anyway? here's a hint: if you do not have money/credit to start a stand alone business, go drive someone's else's rig for a wile, fix your...

How Independent Are Your Owner-Operators? Independent Contractors Status Under Attack - Truckinginfo.com

are you already contributing the maximum allowed into your retirement ? HSA? do you have an active investment account of some sort ? IF am not mistaken you can contribute/invest up to 25% that'll lower your tax liability, even as a same households team drivers. a good practice is to have a...

In my book, 'Cash flow, Cash reserves & Credit line are kings' interesting read here : How to Secure Commercial Financing: 10 Tips for Smart Borrowers - Truckinginfo.com for me, each truck is a stands alone business. i use someone's else money for the full financed & collect the...

* for money down, i'm tapping into my investment account. i take a low interest loan, for 20% of the truck value. that loan needs to match the investment account money management rules . * for the rest i go to the dealer. i found the dealer loans to have better terms then anything else in...

Yes, as i understands it, OOIDA changes it's skins. it used to be they will do the credit check, and then let a few lenders fight for your business. looks like that well dried. according to LL Mag, they now in business to help selected lots clear inventory. they also advertise a new no money...

being there done that - never again ! by the time she turns in the truck i had all kinds of hair and p00p in it...

There are MANY ways to make this a mute point ,by simply targeting this task in the contract ,and papertrail . like if the drivers are paying for the hotel and shuttle when the truck is in the shop , buying their own additives ,work accessory's ,if the drivers are not expecting to get paid when...

This will greatly depends on the contract between the Fleet Owners ,and the contractors driving their trucks. if a team drives an Owner truck without a sign detailed contract, and a paper trail documenting the terms of doing business - then that's can become an issue. it's can becomes messy...

Yes ,get help . Don't call the IRS directly . find a certified CPA that is specialized in Trucking . his fees are a good investment . sign a power of attorney ,(very EZ to do) ,and let the professionals handle your case . if you owe back taxes ,there are professionals that will negotiate...

THE problem is with spending ,not collecting . we donot need that . if your assumption is correct ,then with this law ,we will pay less ,because the tax bordon will be spread equally across . this new law will not reduce the taxation ,it will increase taxation.

In the ongoing saga of "Have you wondered how the government is going to pay for all of Obama's spending?" ... Under this new law a business is required to file a 1099 form " for ALL payments aggregating $600 or more in a calendar year to a single payee." story here : New Law to Require...

A common mistake made by small business owners , is waiting till tax time or year end to do the annual business breakdown . when it is too late to make an impact on ones tax obligation . the main advantage of the 3rd quarter P&L ,and Year to date, is to allow investment in the business doing...