New year new you right? That’s usually how New Year’s resolutions go. You can pick the usual things, like deciding to finally get in shape and maybe eat right. Or you can take 2018 to the next level by improving your trucking business.
It’s a great time to sit down and review the books to see how you can take steps to create a more profitable year in 2018. By taking a step back to put new plans and procedures in place you could really make a difference for yourself and all of your employees.
Improve Your Trucking Business In 2018
Improve Driver Health
As we mentioned above, it’s extremely common for people to vow to get in shape for the new year. You can help your drivers do this by providing them with workout equipment in their rigs. Things like push up handles and resistant straps go a long way, without taking up a lot of space.
You can also get them basic fitness trackers to show them how much they move. This could motivate your drivers to become more active. Don’t forget to cover nutrition, by providing them with the facts on how unhealthy fast food options are and by letting them know what protein packed foods they should be looking for.
Go over the books to see where your business is losing money so you can figure out where to save. The number one trucking expense is fuel, so train your drivers on how to be more fuel efficient. They can do this by avoiding stop and go traffic, slowly accelerating, by coming to smooth stops, and more.
You can also save by cutting lodging expenses by sleeping in your rig. All you have to do is make it a little more comfortable for a great night of sleep. Also, by your snacks in bulk to save money by not having to buy your favorite items with marked up prices every time you get hungry.
The high turnover rate among drivers can devastate your business. How can you accept loads if you’re constantly searching for new people to drive your trucks? Keep your seats filled by offering better benefits.
Work with your drivers to offer the healthcare coverage that they need. Also, be sure to offer good rewards and incentives for doing a good job and sticking with your company. Maybe offer them prizes for continuously being safe drivers. Plus, you could provide upward mobility and educate them about the industry so they grow as drivers.
Prepare For Tax Season
Tax season is right around the corner. If you miss an important deadline you will find yourself with expensive penalties and fines. Be sure to use ExpressTruckTax to file your 2290 online by your deadline.
Also, you have a lot of employer tax deadlines coming up. You need to file Form W-2, Form 1099-MISC, Form 940 and Form 941 by January 31! Check out how our sister company TaxBandits can help you quickly and easily file by the deadline.
If you need any assistance with Form 2290 give the dedicated, US-based ExpressTruckTax team a call at 704.234.6005. We’re also available via live chat and offer 24/7 email support at support@ExpressTruckTax.com.