Posts Tagged ‘Making Your Miles Count’

Just because I’m an accountant doesn’t mean I’m immune from stupid financial decisions. I too have taken a few courses from the school of hard knocks. Overcoming personal stupidity is almost always a surgical affair. If correcting stupidity doesn’t hurt, this dumb action usually returns. Maybe not for everyone, but it does for the stubborn……

In the past, I have written and provided videos of my opinion of the “Driver Inc.” issue (now known as Incorporated Drivers). Given a personal choice, I would almost always advise a driver to NOT incorporate… primarily because when it goes through the court system, those who have used it will probably suffer a loss.…

I was interviewing a new client the other day and asked him what was his fuel costs per mile? He did not know. Since he was an owner-operator (running percentage) I asked him how he determined if any freight was a good enough rate to take? He just looked at me and shrugged his shoulders……

In my research over many years, I have found that about 40% of all operators are about 1 year BEHIND in paying their taxes. In some situations, the amount is too high to sustain a household dependent on the income from operating a truck. Too often taxes are used as the ‘excuse’ for why an…

Just because Canada has a single-payer healthcare system doesn’t mean there are no medical expenses. There are several things that are left to the Canadian Taxpayer to pay: dental, optical, medication, chiropractic, and counselling… just to name a few. Though these are not paid by the government, they can be offset by methods in the…

I was doing some research on the history and comparisons of the TL2 and Non-Taxable Benefits (NTB) in preparation for a short video on the 38-year study. While doing a step-by-step breakdown, I reviewed the Aug 24th 2000 court case of Don Wilkinson vs CRA. This court case was the one I quoted in my…

So, when is a good time to get into the independent operator business? With fuel prices still high and freight rates not what they used to be; many are asking: should I become an operator now? The short answer is probably no, but the full answer may be “now is the perfect time”. In making…

Happy New Year! A new year requires new thoughts and often, an evaluation of old goals. What have you achieved this past year? Where do you want to be a year from now; five years from now? It sometimes bodes well to think differently to achieve something special. Think BIG, not just ahead. Launching my…