Help your drivers live better lives

Truck stops, famous for cheeseburgers and steaks and all–you-can-eat buffets, also are adapting to concerns about driver fitness and health.  Snap Fitness, a franchiser of 24-hour fitness centers, announced Aug.  23 that it will locate workout centers in several Pilot Flying J Travel Centers across the country.
TravelCenters of America, which owns the Petro Stopping Centers brand, has opened two dozen workout
facilities this year in locations along heavily traveled interstates.

Cost of Goods Sold

The following are types of expenses that go into figuring the cost of goods sold.

·         The cost of products or raw materials, including freight

·         Storage

·         Direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products

·         Factory overhead

Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for certain production or resale activities. Indirect costs include rent, interest, taxes, storage, purchasing, processing, repackaging, handling, and administrative costs.

This rule does not apply to personal property you acquire for resale if your average annual gross receipts (or those of your predecessor) for the preceding 3 tax years are not more than $10 million.

Are you properly prepared for you taxes based on your tax bracket?

Are you properly prepared for you taxes based on your tax bracket?  There is still time to change your withholding's should you wish to lower your tax bill.  Go to my website accounting4truckers.net and get some free advice.   The 2012 breakdown is listed below:

Gross Earnings    Single                          Married                       Head of Household                             

10% Bracket	$0 – $8,700	$0 – $17,400	$0 – $12,400
15% Bracket	$8,701 – $35,350	$17,401 – $70,700	$12,401 – $47,350
25% Bracket	$35,351 – $85,650	$70,701 – $142,700	$47,351 – $122,300
28% Bracket	$85,651 – $178,650	$142,701 – $217,450	$122,301 – $198,050
33% Bracket	$178,651 – $388,350	$217,451 – $388,350	$198,051 – $388,350
35% Bracket	$388,350+	$388,350+	$388,350+

News for the trucking industry

Faced with increasing criticism from the trucking industry, federal regulators are giving motor carriers more time to comment on how changes in new safety rules could affect their safety-measurement system scores, a Federal Motor Carrier Safety Administration spokeswoman said last week.