FedEx Ground route

[michaelmars]

got a new guy that purchased a route in a corp. Is there anything i special i need to know for this sort of business? He already has a few other drivers that he put on payroll. To me it seems a straight forward business but i thought i'd check here.

[jainen]

>>a straight forward business<<

I'm not familiar with that concept; could you please elaborate?

I would guess that FedEx offers quite a bit of help to their franchisees, including important matters such as documentation and complying with Homeland Security and local regulations. I recommend the Quickfinder Depreciation Handbook at www.quickfinder.com because you will likely have complicated problems like leased vehicles, intangibles, and Section 179. The IRS published MSSP audit guides for taxicabs and the trucking industry which probably have some relevance. In my opinion, all employee matters including accounting should be handled by a regular payroll service.