Good point, keep the salary down as low as possible to avoid payroll taxes and learn what things you can buy for around the house that can be written off
Some numbers for new O/O
Discussion in 'Ask An Owner Operator' started by DUNE-T, Aug 23, 2018.
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Good thread hoping this one doesn’t get derailed!
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Stuff you can buy much of and deductible from taxes.
Bubbles in a bottle, the stuff kids use. Why to test for air leaks.
Windex lots of it windows.
Rainex, windows.
Wipers when on sale.
Antifreeze.
Distilled water for engine.
Wipers fluid.
Notebooks.
Pens, pencils.
Laundry soap.
Towels.
I'm sure there is much more.SheepDog, Blue jeans, Badmon and 3 others Thank this. -
Tax write offs arent all they're cracked up to be. You dont get to write off every dollar spent.
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Here is an interesting data set for insurance rates I stole from someone else's post somewhere. Two years old, but just look at the difference across states. Different state laws drives rates all over the place.
No comment on the rest. Look at 100 different trucking businesses and you'll hear the 100 different best ways of doing it. It's expensive to operate and it's hard work.SheepDog, Blue jeans, joseph1853 and 8 others Thank this. -
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I literally just started out as an O/O. About 30 days in. About 3k in repairs already and hasn't even been 30 days. Luckily I have a business on the side and make a decent income from that already.
If I didn't have money coming in from another source I would have sold the truck already.
Luckily I can afford to break even or even lose a couple thousand the first few months. -
blairandgretchen, 86scotty and Ruthless Thank this.
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