What is the SMS Report and how does it affect my DOT? SMS stands for Safety Measurement System. Its function is to help the FMCSA identify carriers with potential safety issues so that they can intervene and get that carrier back on track before a serious event. The SMS report is based off BASICs (Behavior Analysis and Safety Improvement Categories). Those categories are: Unsafe Driving, C…Read More
DOT Compliance can be time consuming and oftentimes frustrating when you are trying to do it on your own. Not only are you trying to “keep trucking” as every load counts on your Companies bottom line, you are also trying to remember all the things you need to stay compliant. Driver Qualification files, Fleet Files, ELD/RODs, IFTA/WDT, IRP and permits are just a handful of items needed to s…Read More
Advantages to Outsourcing Work - Keep the Mounting Payroll Expenses Down The goal of every business owner is to be profitable. The more expenses your business has, the less profitable your business will be. Deciphering what expenses are necessary or wasteful is important when observing the condition of your bottom line. One of the biggest expenses for any business is payroll and all the cos…Read More
Available and Flexible Co-working Office Spaces and Meeting Rooms Networking can be a big part of growing your business. Schedule your next networking event at the FR8 Solutions conference room. The perfect workspace is waiting... get out of that home office and into a space that induces creativity and productivity. Collaborating on your next big ideas? Have the right space …Read More
Need Cash Fast? Considering the Factoring Company Option Not all factoring companies are the same but here I will provide a generalization of factoring companies. You will need to read the details of the agreement with the factoring company to evaluate what their specific details and conditions are. The design of a Factoring Company is that they will buy your unpaid customer invoices from…Read More
Avoiding Common Entrepreneurial Mistakes Every new business owner wants to be successful in their business adventure. Unfortunately, not all entrepreneurs achieve such success. Here is a list of common problems new business owners may encounter: The need to be brutally honest. Being brutally honest with yourself regarding business matters allows you to be constantly on guard to protect wha…Read More
Hours of Service (HOS) can often times be a frustrating aspect of driving. The rules are constantly evolving, and it can be a task to keep up with all the changes at times. HOS The Final Rule On June 1, 2020, FMCSA revised four provisions of the HOS regulations to provide greater flexibility for drivers without adversely affecting safety. Motor carriers are required to comply with the new HO…Read More
Planning Ahead What changes will you make to your accounting or bookkeeping process for this year? Here are a few ideas for making next tax season painless. Consider an accounting and/or bookkeeping product. There are many options to choose from. Xero, Sage, QuickBooks, NetSuite, and Wave (which is a free option) are just a few. Keep in mind the goals for your business when choosing an accou…Read More
WEIGHT DISTANCE TAX IFTA is not the only tax you are required to pay when you cross into other jurisdictions. In addition to IFTA, there is the HVUT 2290 Tax (we will go over this in another blog post) and the four states that require a weight distance tax as well (Oregon, New Mexico, Kentucky and New York). Weight distance tax is typically dependent on your truck’s weight and how many miles y…Read More
Staying Relevant in your Business: Is it Time to Evolve? The 2019 COVID pandemic rattled people and businesses to the core around the globe. A confrontation with the deadly illness could have tragic results and it did not depend on a person’s age, race, societal status or wealth. The world of consumers were frozen in fear and put businesses in a financial stand-still. In addition, because…Read More