I don't think the Federal rates are intended to figure the truck cost for a business to charge, as you are describing yours. I think as a business you would charge $X per hour, not mileage, for truck and driver. The truck is working the same hours as you are. Are you considering the truck is included with your labor in the $25 per hour? I would consider that low for what you are doing. Right now, it sounds like you are getting $55.84 per round trip of 28 miles ($37.50 in labor and $18.34 for your truck use or 37.23 per hour.) What do you have for a truck, fuel use, service, wear and tear? What is his trailer?
A good tax advisor/accountant could answer best on how you should charge. You are using his trailer and equipment, if something goes wrong traveling, loading or unloading are you an independent contractor, employee or just a friend doing a favor? What are you carrying for vehicle insurance purposes, a commercial policy that covers how you are operating?
Not saying anything right or wrong about what you are doing, just that there are some other things to consider in figuring your cost and what to charge that you didn't mention.
This post was edited by Jim.ME on 08/25/2023 at 04:10 pm.
Upload one or more videos to your post. Photo and video filesizes should be less than 8MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.