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American Tax Company of Beckley celebrates 10 years

American Tax Company of Beckley celebrates 10 years

Yahoo19-07-2025
BECKLEY, WV (WVNS) – A local business marked a major milestone with a ribbon-cutting celebration.American Tax Company – Dixon Financial Service has been serving the Raleigh County area for a decade. They brought out the balloons and party favors with the Beckley-Raleigh County Chamber of Commerce.
While the owners pride themselves on the quality of their results, longtime clients say it's the people behind the process that keep them coming back.
Raleigh County Public Library aims to combat the 'summer slide'
'I have a connection with the people that work here. They do treat you like family,' said ATC client Summer Bevins. 'They help out. She has saved me money. She has truly been an asset to me and to my business.'
Another client, Marty Ashley told 59News that the dependability of American Tax Company is a key part of why he enjoys the service. 'She's available any time,' he said. 'You call and she'll answer your questions. You don't get that kind of service anywhere.'
Staff members said they look forward to continuing to build these relationships with longtime clients and new customers alike.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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'Cities helping cities': Morgantown to host WV Municipal League
'Cities helping cities': Morgantown to host WV Municipal League

Dominion Post

timean hour ago

  • Dominion Post

'Cities helping cities': Morgantown to host WV Municipal League

MORGANTOWN — Every three years, the opening days of August mark a municipal migration to Morgantown. So it will be next week as the University City once again plays host to the West Virginia Municipal League Annual Conference. This year marks the 56th yearly gathering of city leaders. A crowd of 300 or so staff members and elected officials from more than 70 municipalities are anticipated for the four-day event to be held at Morgantown Marriott at Waterfront Place. At its core, WVML Executive Director Susan Economou explained, the assembly serves as the nonprofit's business meeting. For the participating cities, towns and villages, it's equal parts classroom, community forum and camaraderie. 'The main reason for it is to get information out to our members and to convene the people who have solutions for the problems cities are facing,' Economou said. 'We do different workshops that appeal to the different parts of a city. We'll do things that are helpful for human resources, and then we'll have a workshop on cybersecurity.' This year, the 16 or so workshop topics range from parliamentary procedure to flood resiliency to recognizing substance abuse and addiction in the workplace to the requirements of Senate Bill 50. Economou noted that 170 of West Virginia's 230 or so municipalities have fewer than 2,000 residents. A central goal of the conference is not only getting those smaller towns and villages in touch with resources that can help supplement limited staffing and resources, but getting them in touch with one another. 'There is always such a strong element of cities helping cities, because, you know, you get elected in a small town and a lot of times you don't know what you don't know. But when you get together with a number of other mayors, you find a lot of cities are having the same issues – maybe on a different scale – but they come and learn what's working here or what didn't work over there. Everybody can find resources and support in that forum.' Granville Mayor Patty Lewis, who was selected WVML's Mayor of the Year at the 2024 conference in Huntington, said she believes both the municipal league and the annual conference have been tremendous assets for Granville. 'I just think knowledge is everything. If you're running a municipality or if you're an elected official, it's your responsibility to stay on top of everything that's going on in your state that's going to affect your city and your residents,' she said. 'It's always such an advantage to have the opportunity to sit down and compare notes. It's about sharing information and gaining information.' While the WVML largely sets the agenda, Morgantown will feature prominently as the host city – both in the formal presentations and the more recreational offerings. For example, Morgantown GIS Analyst Marvin Davis will lead a workshop on how the city integrates geo-enabled applications into its internal and public-facing products and processes. Morgantown Mayor Danielle Trumble will help open the conference with remarks Tuesday morning. She'll also lead a tour of Hazel's House of Hope. 'That is still something we get a lot of questions about and the Municipal League gets a lot of questions about,' Trumble said. 'We'll be doing that Wednesday. We only have an hour or so, so we're going to tour Grace Shelter and we're going to see Lauren's Wish. We'll tour the dayroom and the Salvation Army's Hope Cafe and show how having these types of agencies and services available in one location benefits the community and the clients of those agencies.' The conference will open Monday with the WVML John DeStefano Jr. Memorial Golf Tournament, followed that evening by a host event highlighting Morgantown food, brews and entertainment at the Hazel Ruby McQuain Amphitheater. West Virginia radio legend Hoppy Kercheval will provide the event's keynote address on Tuesday afternoon. 'Having everyone here in Morgantown is a real boost to the area. We get to show off Morgantown and show other communities what we're doing well and where we're struggling. Chances are, there are others who are having the same issues and maybe they can show us how they addressed some of those things,' Trumble said. 'I love bringing new people in and showing off the city.'

Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?
Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?

Yahoo

time2 hours ago

  • Yahoo

Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle?

Setting up vending machines might sound like an easy way to make passive income, but Codie Sanchez, founder and CEO of Contrarian Thinking, a financial advice enterprise, shows us that it's actually not as hands-off as we think. In a video on her YouTube channel, she breaks down exactly how much money you can make with vending machines, what they actually cost, how much time they take and the rookie mistakes to avoid. Discover Next: For You: Instead of doing the experiment herself, Codie had her producer, Caroline, try it from scratch. Caroline had never started a business before, so everything she ran into was super relatable for anyone curious about this side hustle. Also here are other passive income ideas, according to ChatGPT. The Startup Costs Caroline started with a $5,000 budget from Codie to buy four vending machines. She ended up spending $9,400 in total between machines, shipping, setup and inventory. That included newer smart vending machines that don't accept cash and come with card readers, but they still experienced numerous technical issues. On top of the machines, the inventory for drinks and snacks came out to around $2,700. Labor and additional expenses, such as fixing machines or ordering better antennas, added another $800 to $1,000. After factoring in everything, the initial investment was higher than expected. Read Next: How Much Can You Make? At the first location, a lawn care company, Caroline placed four machines. She was earning about $30 per day in sales across all of them. That worked out to around $900 a month, which isn't bad until you factor in the 4 to 10 hours she was spending per week driving out, restocking and troubleshooting. Later, she relocated to a 55 and older senior living community. With just one machine, she still made about $30 per day, but with only two hours of work a week. The new location was closer, the machines worked better and the customers actually wanted the service. So with one machine, she was making the same revenue with a fraction of the stress. The Profit Margins Codie estimates that, after expenses, each vending machine generates approximately $350 per month in profit if done correctly. That's with a margin of 30% to 50%, depending on what you're selling and where. She also realized that drinks like Gatorades tend to sell better than snacks. Time Commitment and Challenges The main point Codie is trying to make in this video is that the vending machine business isn't actually that passive. In this 30-day challenge, we could see Caroline spending hours fixing tech problems and trying to update pricing in glitchy software. She also had to pitch locations in person, which isn't easy for people who aren't a natural at sales. Also, location is everything. The vending machine business is essentially a real estate business. To make good money, your vending machines need to be in locations with consistent foot traffic and where customers actually want vending services. The Turnaround Strategy After seeing how much time and money Caroline was spending on four machines, Codie helped her trim things down. She had her focus on just one or two great locations and either sell off the others or find an operator to manage the day-to-day. Caroline ended up selling one of her vending routes for $200 and found ten more potential leads she could flip the same way. If even half of those convert, that's another $1,000 to $1,200 in revenue. Codie also talked about how important it is to design a 'perfect fit' business. That means being honest about how much time you want to spend, how close the location is and how involved you want to be. If you only want to work five hours a week and earn $1,000 a month, then you'll want to choose a simpler setup so you have fewer machines and fewer headaches. Should You Start a Vending Machine Business? After this 30-day challenge, Cody and Caroline came to the conclusion that if you find the right location and don't mind putting in the work, you could bring in $500 to $1,000 a month per machine. That said, it's far from passive. You'll most likely have to deal with broken machines, inventory runs and tech issues. If you don't mind dedicating time and energy to make this work, go for it. But if you're looking for something more hands-off, you might want to explore other options that better fit your lifestyle. More From GOBankingRates Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on Codie Sanchez: How Much Money Can You Make With a Vending Machine Side Hustle? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Best Trucking Bookkeeping Services
Best Trucking Bookkeeping Services

Yahoo

time3 hours ago

  • Yahoo

Best Trucking Bookkeeping Services

Let's set the record straight—bookkeeping is not some behind-the-scenes admin task you push off until tax season. In trucking, your books are your compass. Without clean, organized, and trucking-specific financials, you're not just driving blind—you're making decisions that could sink your business. I've seen too many good carriers fall apart not because of bad freight, but because they didn't know their numbers. Here's the hard truth: if you're running a trucking company and you don't know your cost per mile, your fixed versus variable expenses, or how much profit you're making per truck—then it's only a matter of time before the wheels fall off. And most of the time, the problem starts with your bookkeeping partner. Too many so-called 'professionals' will take your money and give you QuickBooks spreadsheets that don't even break out fuel, tolls, or truck payments the right way. They don't understand that running authority is different from being leased on. They can't tell a 2290 from a 941, and when it comes to IFTA—they're lost. That's why choosing the right trucking bookkeeping service is non-negotiable. You don't just need someone who does books. You need someone who understands the business of trucking inside and out—and builds your finances like your business depends on it. Because it does. Why Most Bookkeeping Services Fail Trucking Businesses Let's be blunt—most traditional bookkeeping services are built for restaurants, salons, or local retail. Not for a cash-heavy, regulation-strangled, asset-dependent industry like trucking. Your average bookkeeper doesn't understand mileage-based cost structures. They don't know how to categorize fuel card advances. They can't explain what line haul revenue is versus FSC. And when you ask them for a clean P&L broken down by unit, they act like you're asking for a rocket launch. The result? You get monthly reports that look nice but mean nothing. Your truck payments get coded as 'loan liability' but don't show up on your operating costs. Your maintenance gets lumped in with personal expenses. And when tax season rolls around, you're stuck scrambling, paying too much, or worse—getting flagged in an audit. You need more than a paper pusher. You need a strategic partner. What Real Trucking Bookkeeping Looks Like A true trucking-focused bookkeeping service should give you financial clarity—not just compliance. They should hand you reports that tell you: How much each truck is actually making or losing Your true cost per mile, including fixed and variable Cash flow forecasts so you're not blindsided by insurance or IRP Proper fuel and maintenance tracking to inform your trade-in cycles Up-to-date IFTA calculations and mileage logs Accurate P&Ls that show freight revenue, fuel surcharge, accessorials, and deductions And most importantly, they should help you understand what the numbers mean. It's not about dumping spreadsheets in your inbox—it's about showing you which loads, lanes, and customers are actually profitable. It's about helping you answer questions like: Can I afford to add another truck? Should I refinance this equipment or hold off? Am I running too much deadhead in certain markets? Where can I trim overhead without cutting into operations? Bookkeeping should help you run your business better—not just file taxes. Top Trucking Bookkeeping Services That Actually Get It Let's walk through the players who are actually worth your time and money. These aren't generalists. These are firms that live and breathe trucking. They understand compliance. They understand cost-per-mile. And most importantly—they know what it's like to operate a small fleet in today's market. 1. Best for: Owner-Operators and small fleets just getting startedWhy it works: is purpose-built for trucking. They don't try to be everything to everyone—they focus on helping drivers and small carriers stay financially organized and DOT compliant. From day one, they're collecting your settlement statements, your ELD reports, and your fuel receipts. They know how to build a chart of accounts that works for trucking. Not something they copied from a bakery or dry cleaner. Their team is proactive, communicative, and familiar with the common traps most small carriers fall into—like mixing personal and business expenses or misclassifying truck leases. Standout Features: Monthly cost-per-mile analysis Driver pay tracking Full IFTA and 2290 support DOT compliance tie-in Fixed and variable cost breakdowns Who it's for: If you're in year 1–3 of your business and need structure, this is a solid place to start. Simple, clean, trucking-focused. 2. Rigbooks Best for: Carriers with multiple trucks who want to manage loads and books in one placeWhy it works: Rigbooks isn't just bookkeeping—it's a simple TMS (transportation management system) with built-in accounting features that are trucking-specific. If you're looking for a way to log your loads, calculate profitability, track expenses, and generate reports without jumping between five systems, Rigbooks brings it all under one roof. What sets them apart is how seamlessly they track cost-per-load and cost-per-mile in real time. You can see what a particular customer is really worth to your business—not just what the gross rate says. Standout Features: Per-load profitability tracking Integrated fuel and expense logging Clean, no-frills interface Great for owner-operators adding trucks Who it's for: If you've got 2–10 trucks and want more control over your numbers and dispatching without a full-blown TMS, Rigbooks bridges the gap. 3. Equinox Owner-Operator Solutions Best for: Owner-operators and S-corp carriers who want financial strategy Why it works: Equinox combines bookkeeping with tax strategy and business consulting—all tailored to the trucking industry. They're one of the few firms that will actually walk you through S-corp setups, per diem optimization, and how to pay yourself properly. They're built around educating the driver. That means explaining deductions, breaking down reports, and helping you structure your entity in a way that supports long-term growth and protects you during audits. Standout Features: S-corp optimization and payroll Tax coaching and entity structuring Bookkeeping reports built for trucking Monthly consultations Who it's for: If you're a serious owner-operator looking to maximize take-home pay while staying audit-proof, Equinox gives you both numbers and strategy. 4. ATBS (American Truck Business Services) Best for: Leased-on owner-operators who want plug-and-play supportWhy it works: ATBS has been in the trucking bookkeeping game for over 25 years. They've served tens of thousands of owner-operators and understand the unique needs of leased drivers. If you're running under someone else's authority, but still want visibility and tax prep support, ATBS gives you structure without the learning curve. They provide monthly reports, tax preparation, business coaching, and even retirement planning services—all trucking-specific. Standout Features: Customized profit plans Real-time bookkeeping dashboard Quarterly tax estimates and filing Dedicated tax advisor Who it's for: Perfect if you're leased on, focused on staying organized, and want a full-service partner that doesn't require you to babysit the process. 5. SmartHop with Bookkeeping Add-On Best for: Tech-savvy fleets using dispatch automationWhy it works: If you're already dispatching through SmartHop or using their fuel card, their bookkeeping add-on integrates your load data, fuel expenses, and settlement info into clean reports. While it's not as hands-on as a full bookkeeping firm, it's a great fit for tech-forward carriers who want automation and insight. Standout Features: Built-in fuel and load data sync Real-time margin tracking Integrated TMS + financial dashboard Who it's for: Fleets who want to scale using automation tools but still need visibility into their numbers. Red Flags to Watch Out For If you're shopping around, don't get fooled by polished websites or flat rates. Here's what to avoid: Generic firms with no trucking experience If they don't know what IFTA is or how to categorize lumper fees, they're not ready for your business. Delayed reporting If your P&L takes two months to arrive, you're already behind the curve. Monthly reports should land fast and be actionable. No cost-per-mile tracking If they can't show you what each mile is costing you, they're just filling out forms—not helping you run a smarter business. No audit support A good bookkeeping service helps you prepare and defend. Ask upfront how they handle audits and lender documentation. They only care during tax season If they ghost you nine months out of the year, they're not invested in your success. What to Do Next Here's the move—don't wait until Q4 or tax season to clean up your books. If you're serious about running your business like a business, start now. Step 1: Evaluate your current setup Can you see a current P&L? Do you know your cost per mile? Are your business and personal finances separate? If not, you've got gaps. Step 2: Pick a service that fits your operation Don't just go with the cheapest. Go with the one that fits your fleet size, growth goals, and knowledge level. A good bookkeeper should educate you—not keep you in the dark. Step 3: Build a rhythm You should be looking at financials monthly. If you're not, that's the first thing to fix. Set a recurring meeting to go over the books and make strategic decisions. Final Word Bookkeeping is not optional—it's foundational. You can't grow your fleet, bid confidently on lanes, or prepare for lending opportunities if you don't know your numbers inside and out. The right trucking bookkeeping partner gives you more than clean records. They give you clarity. They help you stop guessing. They help you scale. So stop flying blind. Stop waiting for tax season to find out whether you're profitable. Get proactive. Get specific. And partner with someone who actually knows what it takes to keep a trucking business running profitably—not just legally. Because in this industry, good data isn't a luxury—it's your survival plan. FAQS 1. Why do trucking companies need specialized bookkeeping services, as opposed to general accounting? Trucking companies face unique financial challenges and regulatory requirements, such as fluctuating fuel costs, per diem deductions, equipment depreciation, and complex tax compliance like IFTA. Specialized trucking bookkeeping services understand these nuances, ensuring accurate record-keeping, maximizing deductions, and providing insights tailored to the transportation industry that general accounting services might miss. 2. What specific financial tasks can trucking bookkeeping services help me with? Trucking bookkeeping services typically handle a wide range of tasks, including managing accounts receivable and payable, processing payroll for drivers, tracking fuel and maintenance expenses, preparing IFTA (International Fuel Tax Agreement) reports, managing asset depreciation, reconciling bank statements, and generating financial reports like profit & loss statements. They can also assist with tax preparation and ensure compliance with various trucking regulations. 3. How can professional bookkeeping services help me stay compliant with IFTA and other trucking regulations? Professional trucking bookkeeping services are well-versed in IFTA requirements, which involve tracking mileage and fuel purchases across multiple jurisdictions. They use specialized software and processes to accurately calculate and prepare your quarterly IFTA reports, reducing the risk of errors, penalties, and audits. They also stay updated on other industry-specific regulations (like HVUT or DOT compliance) to ensure your business remains in good standing. The post Best Trucking Bookkeeping Services appeared first on FreightWaves. Sign in to access your portfolio

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