User Tag List

Reply
 
LinkBack Thread Tools
  #11  
Old 01-25-2007, 11:41 PM
sidman82's Avatar
Senior Board Member
Join Date: Jun 2006
Location: Long Island, NY
Posts: 532
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Don't forget ,

Phone bill, Load board fees, taxes and accountant fees, Accident insurance, Internet access, etc..
Reply With Quote
  #12  
Old 01-26-2007, 12:28 AM
BANNED
Senior Board Member
Join Date: Nov 2006
Posts: 801
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
Originally Posted by sidman82
Don't forget ,

Phone bill, Load board fees, taxes and accountant fees, Accident insurance, Internet access, etc..
Not everyone has LB fees, on the road internet, ect. Phone bill I have but would have it anywayz even if I wasnt driving.
Reply With Quote
  #13  
Old 01-26-2007, 01:49 AM
rank's Avatar
Senior Board Member
Join Date: Oct 2006
Posts: 2,079
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Don't forget ,

Phone bill, Load board fees, taxes and accountant fees, Accident insurance, Internet access, etc..

Yeah...my phone bill is $225 a month.
Load board fees this month are $375.
Reply With Quote
  #14  
Old 01-26-2007, 02:51 PM
Rev.Vassago's Avatar
Guest
Board Icon
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
Originally Posted by Dejanh
Phone bill I have but would have it anywayz even if I wasnt driving.
I fail to see the point. The phone bill is a legitimate expense, and therefore should be considered. Just like your wages, laundry expenses, shower expenses, etc. Just because you would have them even if you weren't an O/O doesn't matter. They are still EXPENSES.
Reply With Quote
  #15  
Old 01-26-2007, 04:57 PM
geomon's Avatar
Senior Board Member
Join Date: Jul 2005
Location: Sacramento, CA
Posts: 710
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
But, why not include pay? It is certainly a legitimate expense, as I don't do this for free.
In addition to including your pay (to yourself or a driver), I believe you should include your return on investment (ROI) as well. The money you took to invest in your equipment which could have been earning interest elsewhere. Your bottom line should include that as well.
Reply With Quote
  #16  
Old 01-26-2007, 06:06 PM
rank's Avatar
Senior Board Member
Join Date: Oct 2006
Posts: 2,079
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Agree with you guys about including driver pay and ROI, however I can see the logic behind leaving them out. They can vary enough that you might want add them in later, after calculating what your personal situation requires.

i.e again, on 100,000 miles, if your costs are $.85, you might want to average $1.25 to get into the business.....$.85 + $.35 for driver (yourself) + $.05 for ROI. $1.25 for all miles for an o/o ain't likely to happen though....which is a problem IMO.
Reply With Quote
  #17  
Old 01-26-2007, 06:13 PM
no_worries's Avatar
Senior Board Member
Join Date: Apr 2006
Posts: 1,154
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
$1.25 for all miles for an o/o ain't likely to happen though....
Rank, why do you say that? I'm a little confused, given your other posts on the subject of rates.
Reply With Quote
  #18  
Old 01-26-2007, 06:18 PM
Rev.Vassago's Avatar
Guest
Board Icon
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
Originally Posted by rank
i.e again, on 100,000 miles, if your costs are $.85, you might want to average $1.25 to get into the business.....$.85 + $.35 for driver (yourself) + $.05 for ROI.
If all you want to earn is $0.35 per mile, there are plenty of company jobs out there that will accomodate you, and you won't have the headache of being an O/O. There isn't any reason to be an O/O for that kind of income.

Quote:
$1.25 for all miles for an o/o ain't likely to happen though....which is a problem IMO.
Specialized freight. Just sayin'.
Reply With Quote
  #19  
Old 01-26-2007, 06:21 PM
BANNED
Senior Board Member
Join Date: Nov 2006
Posts: 801
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

Quote:
Originally Posted by Rev.Vassago
Quote:
Originally Posted by Dejanh
Phone bill I have but would have it anywayz even if I wasnt driving.
I fail to see the point. The phone bill is a legitimate expense, and therefore should be considered. Just like your wages, laundry expenses, shower expenses, etc. Just because you would have them even if you weren't an O/O doesn't matter. They are still EXPENSES.
I fail to see yours....
Were talking about buisiness expenses, not personal and telephone bill is a personal expense that i had when i wasnt in this thing....i dont have laundry expens as well as shower since i wash my clothes here at home and shower through points..
Reply With Quote
  #20  
Old 01-26-2007, 06:42 PM
kc0rpm's Avatar
Rookie
Join Date: Mar 2006
Location: Huntsville, AL
Posts: 13
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Default

So you dont ever call a customer to get directions? You dont call a dispatcher/broker to get load information? If you do any of those things then it is no longer just a personal expense, it becomes a business expense and part of it, if not all, becomes tax deductible.
Reply With Quote
Reply





Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 07:07 PM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.