Average revenue needed to survive.

Discussion in 'Ask An Owner Operator' started by bomoto, Jan 17, 2016.

  1. Junkyarddog5958

    Junkyarddog5958 Light Load Member

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    Of course ill buy my own also eventually. Right now my concentration is ratholing enough money to get own truck. Everybody's situation is different.
     
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  3. Junkyarddog5958

    Junkyarddog5958 Light Load Member

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    Cheapest fuel isn't almost best. Example when I ran dads company driver would always get fuel right over border in OK because $0.05 cheaper than KS. Well OK is $0.13 cheaper in fuel taxes so in the end the $0.05 cheaper fuel ended up costing $0.08 more.
     
  4. bomoto

    bomoto Light Load Member

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    Yea I wasn't clear I look at fuel price base after removal of tax. I meant the real ifta charge for actual miles I don't pay attention to.
     
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  5. Junkyarddog5958

    Junkyarddog5958 Light Load Member

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    You're golden then.
     
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  6. blairandgretchen

    blairandgretchen Road Train Member

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    I think there's a point at about 27 cents/gallon where one trumps the other, so if your discount is more than 27 cents, then you're better off shopping price vs. shopping fuel tax rates.
     
  7. blairandgretchen

    blairandgretchen Road Train Member

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    One thing I don't quite understand on the settlement you posted is the discrepancy between the Prime generated freight charges and what appears on your settlement - they varied from 5 to as much as 25% less than the 'billed' charges (would be more transparent to see the actual customer bill).

    Why do they take a percentage before it gets to you, and then then take the other 28% off (for using their trailer - right?) - and what determines the variance they are taking off the top?
     
  8. bomoto

    bomoto Light Load Member

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    I'm not seeing anything other than the 28 percent. The bill is posted in the bottom pages. Maybe the number your seeing as different or extra is the fuel surcharge. We don't get 100 percent. Ours is based off the prime terminal price and any extra billed is split 72/28. It comes to around 90 percent of the full billed fuel. Not a fan of it but it's their policy
     
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  9. bomoto

    bomoto Light Load Member

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    And yes full use of trailer is included in their 28 percent cut
     
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  10. Old Man

    Old Man Road Train Member

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    Oklahoma City, OK
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    You won't save 1 cent on taxes by 1099 your wife, she will have to pay everything you saved. Taking her off workers comp is a bad idea of a way to make more money. What if she gets hurt or worse, gets disabled for life. Who is going to pay for her care? You want to be in business it cost money, and you have to figure it into your cost, not cut things out to make it work.
     
  11. bomoto

    bomoto Light Load Member

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    I'm assuming your an accountant. My accountant said i can put her as a 1099 employee and save 4,000 a year. So plz enlighten me on the tax laws and I'll pass the info to him
     
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