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| September 01, 2012

A legacy lives on

Steve Sturgess | September 01, 2012

The Western Star 4900EX embodies the style and toughness of its Canadian roots, enhanced by the engineering of a global truck maker.

Track business use of your personal vehicle.

| August 29, 2012

To deduct this expense, record the cost of the car, the date you started using it for business, and the total miles for the year. For each business trip, such as to the bank, record ...

Use a separate credit card for business expenses.

| August 29, 2012

Try to find a credit card without an annual fee and with a low interest rate. If possible, pay the balance in full every month. Having a business credit card may help you reduce the ...

Save your log books.

| August 29, 2012

Your log books are your best record of your per diem (daily) expenses, primarily meals, so be sure to keep it in a safe place along with your receipts and tax returns. You may need ...

Obtain a monthly earnings statement.

| August 29, 2012

All of your records should be converted into a profit and loss statement at the end of every month. The statement should show how many miles you drove, what your revenue was, what your costs ...

Save every receipt, no matter how small.

| August 29, 2012

Why “tip” the taxman? Place an envelope in your truck for collecting your receipts and send them at the end of each month to your business services provider, who can then provide you with a ...

Get a notebook to carry with your receipt envelope.

| August 29, 2012

This notebook will be used to record those expenses for which you cannot obtain a receipt, such as when you wash your truck at a coin-operated facility or personal use of your auto, so you ...

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