2017 Income & Expense Review

I am still lurking in the shadows, reading as much as I can, I am trying to get ready to go out on my own, Been out on my own back in the 80,s and that was not to bad but went into being a lineman for telecommunications companies during the building of the late 80,s and early 90,s, . I love all the information I am getting on this forum, When I get out I want the cards stacked in my favor so I will keep on lurking and learning. Numbers like this will be kept in a folder to keep in mind, I do not expect everything to go right off, there will be a learning curve again. But more please.

 

Good price for insurance. What is your mile radius?

 

No truck payment? And 6 weeks seems too long unless you rebuilt engine yourself in your driveway?

 

I'll post mine here too. Am also tank yanker leased to a company (% pay).

Total Gross: 167,617.91 86,601 miles
Fuel: 38,180.69
Maintenance: 15,000
Plates + Ins: 4784.96
Health Ins: 4800
Payroll: 57,200
Truck Payment: 14,400

Total expenses $134,365.65
Business Profit before tax: $33,252.26

I'm set up as an S-Corp so my biggest expense was my employee (me). The $57,200 is what I paid myself and the payroll taxes and processing fee. Not as good as ChicagoJohns but I'm happy with it.

 

The engine was a mack?

 

Thank You