PIB TIP: BASICS FOR A LOAN. You’ll need a budget,

Jan 25, 2012

PIB TIP: BASICS FOR A LOAN. You’ll need a budget, a business plan and a cash-flow statement when you apply for a loan. A detailed budget will assure the lender that you can meet the financial obligations of owning a truck. A cash-flow statement shows that your projected revenue will be sufficient to meet current obligations. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by Freightliner Trucks.

Driver couple walking back to the truck after meal purchase in truck stop

Per diem tax breaks just got a lot simpler -- and more valuable -- for owner-operators

New IRS guidance notes there will be no need for owner-operators to determine any percentage of meal purchases from a restaurant to reap savings with 100% deductible per diem through all of 2021 and 2022. Savings could top $1,000 annually.

Jade Transport's 2021 Peterbilt 389 Pride & Class

Throwback 359-style design on Jade Transport’s 2021 389 Pride & Class

U.S. Tax Return for an S Corporation Form 1120-S with an image of a vehicle carrier and semi-truck

How to save taxes, gain biz-management dividends with an S Corp structure

Small fleet roundtable: 'Co-opetition' code, balancing personal/business pursuits, more

Rand McNally TND™ 750

Small fleet roundtable: 'Co-opetition' code, balancing personal/business pursuits, more

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The Business Manual for Owner-Operators

Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2021 edition of Partners in Business.

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