rfrogger,this isnt rocket science,as in any business,there is a profit loss,the idea is to know what it is going to take to keep you above board.the best tool you can have is just commom sence,if your income is less than your bills,whats going to happen?the repo man.for your tax structure,you should have a good cpa,that knows the trucking business,there are many right offs that are not known to all in the accounting game.as in any business,there are expenses,in expedite,as in trucking,the truck is the key to you income.if it breaks down your income will suffer,so its a must you do preventive maintenance.
as in any business,you must keep your costs down,this will get you higher profits,it it also helps if your leased to a company that will get you a good gross income,but in finding that company,the least amount of miles you can drive,and take in the most money,is where its at,they say work smarter not harder
