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Posted by Felecia Dixson, EA, ATA

How to Start A Business in Truck Driving

How to Start A Business in Truck Driving

There are many reasons why you may be choosing to start your own business. You may be looking to get some freedom from a boss that you are not fond of or to just get to choose the work that you get to do or the hours and the pay. Many people love the idea of getting to work for themselves and be the one in charge. And while all businesses have their challenges, there is nothing quite like starting your own truck driving business.


There is a lot that goes into this kind of business. You need to find your own equipment, get the proper licenses, and even keep good records so you can get your taxes done at the end of the year. Often, when you are out driving around for a client, it is easy to forget about the records and the taxes, and soon you are falling behind and not sure how to catch up.


If you run your own truck driving business, make sure to get the help from a professional right from the beginning. The professionals at ASU will be able to take on any and all tax and bookkeeping needs that your business may have. Whether you need help getting caught up on all the tax issues that come with running a truck business or you would like someone to take care of the bookkeeping, our professionals are here to help you and have the knowledge to get it all done the right way so you can concentrate on your work.


Get Your License

 

In the United States, you will not be able to drive any of the vehicles you need for your truck driving business without having the proper license. And in the past few years, it has become increasingly difficult to get this license. Many truck drivers go to school for this since the DMV test is hard and you have to have someone to lend you a truck while you take the test otherwise. Once you pass your classes though, you can have a license and get going on the road to making good money. Just make sure you keep the license updated and get your medical checks when needed or you may have to start all over.


Find Your Equipment

 

Unless you are working for another company exclusively and they agree to give you a truck, you are going to be responsible for finding your own truck and other equipment that is needed to take care of your business. There are many great places for you to find a new or used truck that will serve you well, but make sure you are picking one that will work nicely for the job you want to do and will not fall apart on you in the process. You may be able to deduct this from your expenses at the end of the tax season so make sure you are keeping this receipt so you get the full benefits.


Start Bidding 

 

You will not do well as a truck driver if you have no customers to work for. Learn how to do the bidding process so you are more likely to get these jobs but still able to keep the business going. ASU has bookkeeping services that can help you see how much you are bringing in, versus what is going out, so you always keep things in order and bid according to what you are able to afford.


Keep Accurate Records

 

While you may be busy and out on the road a lot, it is still important that you keep your records as accurate as possible. Many times you will lose out on deductions and credits because you just don’ t have the proper proof that you qualify for these items. So, keeping accurate records can make a big difference. If you have the time, keep a log book that has your costs and your expenses all in a row. This makes it easy to go down the list because it is organized. Of course, if you are really busy with this job, find a folder and place all the receipts and paperwork inside. The professionals at ASU will go through this information and get that tax return done right the first time.


Look for  Professionals to Help at Tax Time


As a truck driver, you are going to be busy going around and helping your customers with all of their needs. You are not going to have the time to sit around for hours hoping to get your taxes done and that you aren’t missing out on anything important. Rather than getting frustrated and losing out on some of your jobs, let the professionals at ASU get this done for you. Our staff is trained to deal with the unique tax situations that come with being a truck driver so you can get back on the road and ensure that you are done with your tax season.


If you are a truck driver who needs help with your tax return this year, or you are behind for a couple of tax seasons now, make sure to contact Felecia Dixson with ASU-Account Services Unlimited LLC in Rolla, MO. Our professionals are here to help answer any of your questions and to ensure you are getting the best care possible this tax season. Contact us right away to get started.

Felecia Dixson, EA, ATA
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