business tips

PIB tip: Open a separate checking account for your business

If you are the sole owner of the business, open an additional personal account and save yourself the extra fees associated with business accounts. Deposit your settlement checks in this account and pay yourself for driving from these funds. A separate account will also give you easy access to all of the information needed in case you are ever audited. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services ...

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USE RETREADS. Premium tire makers design casings for retread use. Theoretically, undamaged casings can be repeatedly retreaded, although the tire maker’s casing warranty might run out at, for example, 750,000 miles or after three retreadings. On the downside, some carriers restrict retread use on steer axles, and some states limit the number of times a steer tire can be retreaded. If the retread isn’t from a reputable dealer, or if its markings have been scrubbed ...

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PIB TIP: PASS UP COSTLY FUEL STOPS. Owner-operators are well advised to pass up network fuel stops that are too costly, too far off route, sell inferior fuel, are dangerous or poorly maintained, or are perceived as a profit center for the carrier at owner-operators' expense. If you have concerns about a stop on the fleet network, respectfully bring them to the fleet’s attention. The Partners in Business program is produced by Overdrive and the ...

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