Posted in Fleet Tax Services Events, Fleet-Tax Services Information, Transportation Regulations, Trucking Business Information

Fleet-Tax Services moves to new location

As of August 25, 2014 Fleet-Tax Services has moved their offices to Beamsville Ontario. The new office is directly across from the Relay Truck Stop in Beamsville allowing for convenient truck parking for those that require it. Formerly at the Fifth Wheel in Grimsby the company had to to move due to a reconfiguration plan at the old location. The new location allows for large office space and a more convenient location for those traveling to the United States. If you are going by the area please stop in and say hello. The same great friendly service is still a main stay of Fleet Tax Services. We look forward to seeing you.

New address:

Fleet-Tax Services
4654 Ontario Street, Beamsville, Ontario, L0R 1B4
Phone: 905-563-1010 | Fax: 905-563-1015map

Posted in Fleet Tax Services Events, Fleet-Tax Services Information, Trucking Business Information

Ask The Expert Seminar-September 18, 2012

Coming up next Tuesday September 18, 2012. Attend and get a copy of Bruce’s new release “Running By the Mile”

See Everyone there

Now that the summer is over we will be resuming our informal seminar series called “Ask The Expert”. The next program will feature a question and answer period with transportation consultant Bruce Outridge on things you can do to run your company profitably. Trucking companies are expense heavy operations and it is crucial to keep your eye on the ball in order to be profitable. To learn more and register for this free session please contact Fleet Tax Services or view the event poster below.

Ask-the-Expert-Poster--Sept-2012
Ask-the-Expert-Poster–Sept-2012
Posted in Fleet-Tax Services Information, Transportation Regulations, Trucking Business Information

The Power of an Invoice to Help Run Your Business

There is one item in business that is the key to success, the engine that drives your car, the most important paper in the filing cabinet, the invoice. For most of us in business that is the key to getting paid and to moving your business forward. If you are not creating invoices, then you are not getting paid. This is normal practice for traditional business that trade products and services in the general course of business, but what about the owner operator. He doesn’t need an invoice because he receives a statement, wrong! In speaking with owner operators all over the province about their profit and loss statements many of them would benefit from creating an invoice for their work. Most people don’t like to do any extra work but by creating an invoice for your work it gives you a clear picture into how much you are really earning. It is an extra step that so many would benefit from by taking the time to do it properly. Here is why I like an invoice.

Statements are issued by your company; they also have a variety of items on them such as fuel payments, plates, holdbacks, and so on. They are also usually a month behind of what you actually have run due to the process of collecting data by the person in charge of payroll. So many owner operators when they get their statements are not getting a true picture of what they are getting paid for and even worse some do not know if they are being paid for all of their miles. The fact that they do not have an invoice tracking their income gives them no recourse should they have to fight the company for funds at a later date. Have you ever heard someone wining that they aren’t making enough money and when you ask them to show how they got to that point they have nothing to show you, no evidence to back up their claim other than a broke bank account. Bank accounts mean nothing in the world of business, many successful companies have no money in their accounts, assets, and invoiced sales, among other factors are what drive business. The company isn’t giving you a pay check, you are billing them as a customer, and it is up to you to make sure you are being paid for your work, not the company.

So how do you start? First of all you have to make this a habit, do it all the time always. It won’t work if you only do it for one week. Second of all start at the beginning of a month. This way you have a nice clean break. Now if you are a driver only each time you get back to you terminal photocopy your trip envelope or print off your run sheet, however your company does their trip reporting. That becomes your invoice so to speak.  If you are an owner operator I want you to create an invoice on a weekly basis showing where you went, your trip number, and your income made for that trip. You don’t have to send it off to anyone, but when you receive your statement if you are using software or by hand you can check off that you have been paid for the trip. At the end of the year you will know exactly how much income you earned, if you have been paid properly, and how long it took you to be paid. Should you be looking to purchase a truck or trying to get funding you will have proper invoices to show to help you make your case to the financial institution. This is considered due diligence, successful companies do it, so why don’t you?

About the Author

Bruce Outridge is a business and leadership consultant for the transportation industry. Bruce is a columnist for many trade magazines and industry blogs. Fleet Tax Services offers compliance and administrative services for independent trucking companies and Owner Operators. For more information please visit their website at www.fleettaxservices.com

Posted in Fleet Tax Services Events, Fleet-Tax Services Information, Trucking Business Information

Ask The Expert Seminar-September 18, 2012

Now that the summer is over we will be resuming our informal seminar series called “Ask The Expert”. The next program will feature a question and answer period with transportation consultant Bruce Outridge on things you can do to run your company profitably. Trucking companies are expense heavy operations and it is crucial to keep your eye on the ball in order to be profitable. To learn more and register for this free session please contact Fleet Tax Services or view the event poster below.

Ask-the-Expert-Poster--Sept-2012
Ask-the-Expert-Poster–Sept-2012