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Latest Stories: Page 19
Overdrive Extra
Quarterly estimated taxes due next Tuesday
Set aside the time to deal with the administrative side of your business. Like preventive maintenance on your truck, proper attention now will save you hours and money in the future and lower your stress, setting you up for better decision-making.
June 9, 2021
Business
New tax break for owner-ops uncovered in restaurant stimulus
Savings could amount to as much as $1,000 on tax bills. It comes from being able to deduct 100% of the cost of restaurant meals while on the road instead of the traditional 80%. It will be in effect for all of tax years 2021 and 2022.
June 3, 2021
Overdrive Extra
Know the value of your time to assess true profit
Gary Buchs on how to assess cost, profit and driver pay per hour to evaluate any given load. It could help you know that customer who’s got a huge detention problem is no longer worth the time and effort, among other benefits.
May 3, 2021
Overdrive Extra
Roadcheck prep: Invest in inspections to save money, hassle later
A good way to learn and gain confidence that you won’t get a roadside violation is to invest in equipment inspection, observe the inspection process at your shop/the scales, and ask questions.
May 22, 2018
Business
Weighing an engine rebuild vs. a truck trade
When you've got to choose between overhauling an engine or trading in an aging truck, there's a lot to consider. Here's how owner-ops Phil and Annett Albert made the decision.
April 2, 2021
Overdrive Extra
There's much more to business ownership than having an authority
History is rich with companies that worked tirelessly to save their sinking ship rather than change when the need became inevitable. Yet failure to effectively plan for the change can be its own Achilles Heel of sorts.
March 29, 2021
Business
Owner-operator income saw strong 2020 gains
The average net income in 2020 for leased and independent operators combined jumped to $67,742 in 2020, thanks to pandemic-related changes.
March 16, 2021
Regulations
How to mount an effective DataQs challenge
Setting up a successful DataQ begins at the scene of the crash or routine roadside or weigh station inspection -- documenting the facts of the case and, then, following through when errors are made.
February 15, 2021
Partners in Business
Big-ticket repairs, replacements, rebuilds: To depreciate or not to depreciate?
Equipment improvements present a variety of options as it relates to tax strategy around expensing and depreciation. Depending on your income situation, you could be well served by spreading deductions over years.
February 4, 2021
Partners in Business
Compete with cut-rate carriers by ‘hauling value,’ knowing your numbers, calculating decisions
From 2020's Overdrive's GATS Week last August, owner-operator trucking business coaches Kevin Rutherford and Gary Buchs discussed cost-cutting, key numbers, buying new v. used and more in this session.
August 26, 2020
Overdrive Extra
Building personal payroll -- a step toward tax savings, better finances
More deliberate financial choices engendered by creating a personal payroll can act as subtle self-nudges that lead owners to managing money better overall, controlling discretionary personal spending and placing roadblocks in the way of unwise habits.
January 13, 2021
Overdrive Extra
6 tasks to assess 2020 and set biz priorities for 2021
Did your owner-operator business hit its goals for 2020? What can you do to adjust for 2021? Check out these 6 steps for assessing your business on Overdrive.
December 3, 2020
Partners in Business
Truck purchasing, depreciation and taxes: Keep emotions out of it
Overdrive Extra contributor Gary Buchs discusses with Kevin Rutherford how emotions can lead to irrational decision-making. Check out the video on Overdrive.
November 4, 2020
Partners in Business
What to look for when buying a used truck
When buying a used truck, follow these steps to narrow your list of potentials to ensure you get exactly what you need and want. Learn more here on Overdrive.
September 30, 2020
Partners in Business
How to manage cash flow with potentially rough roads ahead
Watch portions of the hour-long talk that focused on managing with a mind toward addressing the volatility of the present moment here on Overdrive.
September 22, 2020
Partners in Business
Some good news for owner-operator income during year’s first half
ATBS President Todd Amen dissects the net income numbers for owner-operators during the first half of 2020 and notes the outlook for the rest of the year.
September 16, 2020
Partners in Business
Owner-op income for 2020 a mixed bag, but plan for downside, more uncertainty
Reefer's up, flat's down, and the spot market's volatility is cycling faster than ever, said Todd Amen, president of ATBS, to start off Overdrive's GATS Week.
August 25, 2020
Partners in Business
How hard were owner-operators hit in pandemic’s early months? PIB session details 2020 miles and income
The opening session of Overdrive’s GATS Week features Overdrive's Partners in Business collaborator ATBS, with YTD and second-quarter miles, income trends.
August 11, 2020
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