TFS Group provides accounting and compliance services to truck fleets and owner-operators of all sizes and stripes. The company is based in Canada, but its straightforward, plain-spoken advice and methods for managing the business side of the trucking business are universal. Story angles include choosing a business structure; tax strategies and compliance; IFTA reporting; financial planning; and managing the relationship between owner-operators and carriers. Media contact: Stephen Petit
Feb 1, 2008 | Story angle: Business Structure If you’re serious about starting a company, you’ve probably looked into the tax, legal, and financial aspects of various types of business entities. Since most new small businesses opt for sole proprietorship or partnership, here are some general principles to keep in mind.
Jan 2, 2008 | Story angle: Business Structure How to allocate your corporation’s shares is a decision you need to take seriously. Because let me tell you, the government sure does. Here’s what you should know.
Dec 3, 2007 | Story angle: Business Structure Lots of owner-operators see the start of a new year as the best time to move from sole proprietorship to incorporated entity. If you’re laying the groundwork for a leap toward incorporation and need to know the basics, here are five points to put you on firm footing
Nov 1, 2007 | Story angle: Recordkeeping, Taxes Whether you buy or lease a vehicle for your business, whether it belongs to your company or to you personally, you need to keep an accurate record of your travel. Without it, that expense claim will be on a fast track to being denied.
Sep 4, 2007 | Story angle: Taxes From garnishees to asset sales to bankruptcy, it’s never a pretty sight when the tax authorities finally catch up to someone. The ostrich principal never works out. Here’s how to get started filing on time.
May 16, 2006 | Story angle: Podcasts Some “extras” on your truck won’t add to the bottom line and just aren’t worth paying for. But there’s another place to look for extras you’d be better off without: in your finance contract. Steve Mulligan of TFS Group explains. Time: 7:33; size: 8.7 Mb. Click here to listen. Theme music is “Under a Sky” by Edie Carey.
Apr 18, 2006 | Story angle: Podcasts When you buy a new truck, you’re really working two separate deals: spec’ing the vehicle, and then spec’ing the money to pay for it. Steve Mulligan of TFS Group offers advice about how to get loan-ready. Click here to listen.
