Some numbers for new O/O

Discussion in 'Ask An Owner Operator' started by DUNE-T, Aug 23, 2018.

  1. West Texas Sasquatch

    West Texas Sasquatch Bobtail Member

    14
    5
    Jan 7, 2019
    Temple, Tejas
    0
    10-4 I appreciate it.
     
    Tug Toy and HopeOverMope Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. TallJoe

    TallJoe Road Train Member

    7,490
    16,266
    Apr 12, 2016
    Chicagoland
    0
    There is a very solid accounting system that Kevin Rutherford proposes. It is not even that much his program but the very method of organizing all the cost aspects of being o/o. Nothing wrong with his program though. For any owner operator trying to keep truck of numbers it is a good way to go.
     
  4. nondriver1989

    nondriver1989 Light Load Member

    82
    15
    Apr 17, 2018
    0
    May i ask who you run for? I have 6 months OTR/Tanker experience i have just puchased a truck. I can run all 48 states.
     
  5. Dave_in_AZ

    Dave_in_AZ Road Train Member

    50,030
    317,662
    May 4, 2015
    0
    Under President Trump's new tax plan, effective this return, 20% of your profit is now a full write off.

    Yeppers. Worst President ever.
     
    gimacen and Bean Jr. Thank this.
  6. Dave_in_AZ

    Dave_in_AZ Road Train Member

    50,030
    317,662
    May 4, 2015
    0
    My number, smoked cleared, dust settled is $128K. Now I think the per diem comes off of that first, that's like $35K, let's say $38K for easy math, so that's $90K. Let's say after any other deductions it makes it to $80K. So that's another $16K after the new tax cut.

    And if you're accountant isn't aware of this, fire the dildo, and get a real one.
     
    Coffey, RStewart, TallJoe and 4 others Thank this.
  7. Midwest Trucker

    Midwest Trucker Road Train Member

    5,774
    20,604
    Aug 31, 2018
    0
    lol.

    Frosty the MAGA man. FYI the nose is a cut off bottle of heet.


    6633E427-A5DF-437F-8CAE-DE5676E00C5E.jpeg
     
    Last edited: Jan 15, 2019
    Dave_in_AZ Thanks this.
  8. Rideandrepair

    Rideandrepair Road Train Member

    16,532
    53,958
    Aug 8, 2015
    0
    Accounting? What’s that? Add numbers with calculater and give to tax Lady. She’s an accountant. For a fee She will do all the organizing and math, but with only 1 Truck, I think I can handle it, just like everything else.I never make any money, unless when applying for a loan. Then Im rolling in the dough. ( Even though Im applying for a loan) Lol. I’m small potatoes. Don’t need Kevin Rutherford to teach me accounting. That Guys done more Trucking in his head than any I’ve seen. Lol
     
    Dave_in_AZ and KB3MMX Thank this.
  9. KB3MMX

    KB3MMX Road Train Member

    3,057
    2,574
    Dec 29, 2014
    Orrstown, PA
    0
    LMAO
     
    Dave_in_AZ Thanks this.
  10. Opus

    Opus Road Train Member

    16,392
    91,959
    Dec 18, 2011
    South GA
    0
    your new truck is a write off as well
     
    KB3MMX and Dave_in_AZ Thank this.
  11. yotaman

    yotaman Light Load Member

    119
    55
    Jun 27, 2010
    MA
    0
    He can keep my 20% if he promises to jump out of Air Force One without a parachute.
     
    RaRa Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.