partners in business

PIB tip: Log your spending

Record every check or debit card purchase as soon as the money is spent. Here's how.

Read More

PIB tip: Use overdraft protection

There are options that are much less costly than bouncing a check.

Read More

PIB tip: Prepare for loans

When you apply for a loan, you should come armed with certain information. Here's what you need.

Read More

PIB tip: Get full disclosure in finance contracts

Get full disclosure before you sign a finance contract. Here's why.

Read More

PIB tip: Factors that influence interest rates

Want to know what factors most influence your credit rating and, thus, your interest rates for truck loans? Here's what you need to know.

Read More

PIB tip: Carry a notebook with your receipt envelope

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 can deduct the expenses at tax time.

Read More

PIB tip: Develop a business plan

A business plan outlines the details of your operation, including the types of freight you’ll haul, the traffic lanes you’ll run and the rate you’ll be paid. Here's why you need one.

Read More

PIB tip: Save every receipt, no matter how small

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 monthly profit and loss statement as well as accurate quarterly tax estimates.

Read More

PIB tip: Shop for insurance

Don’t automatically include insurance in the final contract of a truck loan. Shop around beforehand, and you may opt to buy it elsewhere.

Read More

PIB tip: Use a separate credit card for business expenses

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

Read More