PIB tips

| June 29, 2011

PIB TIP: TRACK PERSONAL MILES. You can deduct mileage on your personal vehicle if you make a business-related trip to the bank, the post office, a business meeting, a truck show or a dealership, supply ...

| April 13, 2011

PIB TIP: PAY CREDIT CARD BALANCES. Having a business credit card is useful. But most owner-operators get into a trap of spending more money than they should. If a credit card balance is not paid ...

| April 05, 2011

PIB TIP: GET ONLINE ACCESS. Even if you don’t pack a computer on the road, once you’re signed up at your bank or credit union for online access, you can check your balance and cleared ...

| March 21, 2011

PIB TIP: MANAGE CASH FLOW. The best practices for managing cash flow include using a business operating account and never taking cash advances. Avoid overdraft fees by recording every check as soon as it’s written. ...

| March 15, 2011

PIB TIP: HAVE A RESERVE ACCOUNT. The best owner-operators have at least $5,000 in reserve before they ever go into business. That amount should be maintained and increased, especially with a truck that ages. The ...

| March 15, 2011

PIB TIP: HAVE A RESERVE ACCOUNT. The best owner-operators have at least $5,000 in reserve before they ever go into business. That amount should be maintained and increased, especially with a truck that ages. The ...

| March 08, 2011

PIB TIP: CREATE SEPARATE BANK ACCOUNTS. It’s important to open a separate bank account that will be used to manage the income and expenses of your business. All your income from your trucking business should ...

| February 22, 2011

PIB TIP: MAINTAIN PROPER INFLATION. Maintaining correct inflation is free and is the highest saving maintenance you can perform on your truck. Improper inflation is by far the greatest reason that tires fail or wear ...

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