ATBS

PIB Tip

PIB TIP: SAVE YOUR RECORDS. You must keep the records that were used in the preparation of your tax return (records that support income and deductions) for at least three years from the date you filed the return. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, and Schneider National Inc.

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PIB TIP: TRANSPORTATION. For use of a personal vehicle for business, you should include the cost of the car and improvements, the date you started using it for business, the mileage for each business use and the total miles for the year. You should include your business destination and purpose of the trip. These details can be kept in the notebook you carry with your receipt envelope. The Partners in Business program is produced by ...

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TODAY’S TIP: When you apply for a loan, be prepared to provide as much information as you can. The more you tell a potential lender about yourself and your operation, the more comfortable he will be lending you the money. Show that you are a business owner first and a truck operator second. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and sponsored ...

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PIB Tip

PIB TIP: SAVE YOUR LOG BOOKS. Your log book is your best record of your entitlement to per diem (daily) expenses, mainly meal costs. So be sure to keep it in a safe place along with your receipts and tax returns, both of which you may need if you are audited. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and sponsored by ...

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PIB TIP. HAVE A PLAN:  A business plan helps you make ends meet. It shows you how much money is needed for expenses, where it will be spent and how much you can afford to pay yourself. Your business plan should show all sources of income and cost, while taking into account industry averages, personal expenses and cash flow. It should provide a complete financial picture in weekly, monthly and annual detail. The Partners in ...

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