Starting with a drive away company

Save 30% of your gross income for taxes. The money goes into a savings or checking account that isn't used for anything but taxes. That 30% is the first check you write, to your Tax account. You never borrow from it, not even one time. You don't delay putting money in it. Every time you get a check, 30% goes into your Taxes account. After a year, adjust the 30% to what you actually paid. Always save a little more than you expect.

The most common way I've seen guys screw up is to not pay into their tax account until a few months go by and then decide they'll save extra later. Later never comes. Then they do their quarterly or end of year taxes and see they don't have money for the IRS. The IRS will get their money, even if you have to starve or got to jail.

 

The tips you receive on this forum are taxable.

 

Are you using a tow vehicle?

 

I was about to ask if there really are drive-away companies that don't suck. I guess not.