partners in business

Partners in Business 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.

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Partners in Business 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.

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Partners in Business tip: Keep an escrow account for maintenance costs

Every good preventive maintenance schedule begins with a maintenance escrow savings account. A good formula for this ties the age of the truck to cents-per-mile savings.

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Partners in Business tip: Have a fixed residence

Run a single-truck business? You need to report a fixed residence. Here's why.

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Partners in Business tip: Update your insurance basics annually

Talk to your insurance agent every year to adjust parts of your insurance policy -- here's why.

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Partners in Business tip: Log your spending

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

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Partners in Business podcast: Managing your money and time

This installment in the podcast series of Overdrive’s Partners in Business, excerpting portions of the manual coproduced with ATBS, covers how to develop and use profit and loss statements, and how to understand your revenue, earnings and costs.

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Partners in Business podcast: Managing your fuel costs

This installment of Overdrive’s Partners in Business covers how to control fuel costs. That includes minimizing fuel consumption, getting a fair fuel surcharge and choosing where to buy fue

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Partners in Business podcast: Getting started as an owner-operator

This Overdrive Radio podcast covers the first four chapters from the 2017 Partners in Business manual -- from making the transition to self-employment, choosing a financial services partner, creating a strong business plan and establishing your bookkeeping.

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Partners in Business tip: Shorter loan, less costly truck

The ideal loan term for a three-year depreciable asset like a heavy-duty truck is three or four years. Here's why.

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