Open a separate checking account for your business.
If you are the sole owner of the business, open an additional personal account and save 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 gives easy access to details needed in case of an audit. This tip is provided by the Partners in Business program, which is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and sponsored by the load-matching service TruckersEdge, powered by TransCore DAT.
Gaines Motor Lines has agreed to pay $262,500 to four former drivers who the ...