Yearly Archives

2 Articles

How to Donate a Car to Charity

by chris

When you possess a car and want to donate it to a charity, certain things strike your mind. One of the most critical questions that cross your mind is the process of donating. If it’s your first time, you must have an ample number of questions in your mind, which will give rise to various doubts. You need to check the way that you are opting for donating your car is legitimate or not. If you are a newbie and want to do this noble cause, then this article will guide you. By donating your car, you can make an indelible impact on society and bring smiles to several faces. 

This guide will direct you through the complete process of donating a car. Just by following these simple steps, you can achieve your goal and will feel good about yourself. You should consider these steps because they will maximize the charity benefits and reduce risk to yourself. So, let’s get started. 

How to Donate a Car to Charity

1. Research the charity

Before donating your car to the charity, the first and foremost requirement is to research the charity to which you plan to donate the car. By researching, you will get to know more about the charity and its work. While researching, keep a check that whether the charity has 501(c)(3) non-profit status or not. Also, check for the IRS status for the authenticity of the charity. If you get both of these things, then the organization you are researching is a charity otherwise, not. And your tax will be deductible only in the case of charity. 

2. Pick out efficient charity

Once you have researched various charities, it’s time to check for the efficiency of the charity. You can pick the one that suits your requirements based upon the rating of charity. You can easily check the rating with the assistance of various online resources. They will guide you with the rating, and you can analyze whether the charity is serving its intended cause or not. This will help you come up with a set of potential charities to go with. 

3. Itemize

When you are planning to donate a car, keep a check on how much tax you can claim for the donation. This is one of the most crucial aspects that you should never ignore. You need to abide by the rules while donating your car. If you are a taxpayer and you want to deduct the full market value of the car, then you can do this under three circumstances i.e.

  • If the charity uses the car for its operation
  • The charity improves the vehicle to use it or sell it
  • If the charity sells the car to some needy person below the market value of the vehicle

4. Drop off the car

You can donate the car either by riding the car yourself to the charity you want to donate, or some intermediary organization can do this for you. Even if your car is not in working conditions, this intermediary will also help to tow the car and safely deliver it to the charity. 

You can take the sign and details of the person who has come to pick up the car. This will help you to have all the proofs. Even if you are driving the car yourself for the charity, you will be assured that there is no discrepancy and that you are delivering the car to the right hands. 

5. Get a receipt

Once you have decided to donate your car, make sure that you get the receipt of the car. This will help in paperwork and will give you some handy proof of donating it to the charity for some good cause. You can get this receipt either directly from the charity or from some intermediary that is responsible for handling your donation. This will be essential for the tax deduction purpose.

6. Snap it

Once you are done with all the formalities, you should take a picture of the car and other receipts. Make sure to take pictures of all the repairs if you want to claim the deductions. This will help you keep a tab of all the essentials that you have performed while donating your car.

Conclusion

These are the crucial steps that one needs to perform to donate their car. If you follow these steps in a dedicated fashion, you can easily donate your car without wandering here and there. All these steps work hand-in-hand to make the process smoother and efficient for you. You can even take the assistance of some intermediary organization to donate your car for charity and contribute to some noble cause. This will not only help you but also offer you a great sense of satisfaction. 

Source: Donateers.org

 

How to Start a Truck Rental Business

by chris

If you are an enthusiast who wants to start with the truck rental business but doesn’t know about the same, you have landed at the correct place. Starting with a truck rental business has a promising future in the coming times. There are a certain set of steps that you need to perform to head start your rental business. 

If you have the zeal and creativity to keep moving, this is just the perfect business idea. But, you must be thinking about where to start? This is one of the most critical questions that need to be answered diligently. 

To get a better glimpse of how to start your own truck rental business, let’s get started. 

How to Start a Truck Rental Business

1. Create a business plan

Creating a business plan is the foundational step for starting with the truck rental business that is almost neglected by most of the persons. If you have a business plan, you will know in which direction you are moving forward and the long-term and short-term benefits you are expecting out of business. Write a mission for your truck rental business so that you know your major goal and core value to work upon. 

2. Keep a tab of competitors

When you are planning to start with the truck rental business, you must be aware that various companies are already offering many services. You need to learn from your competitors and think of an innovative way to bring it to the plate. If you don’t offer something new to the customers, then why would they come to you? So, to get started with the rental business, you must be aware of other truck rental companies in the market.

3. Find good remote business advice

Whether you are experienced or some novice user, it is always valuable to take the advice of someone already in the truck rental business. If you try to seek some valuable advice from the service stations of your local city, then it would be hard to find any help as the fear of more competition will take them one step backward from helping you out. You can take the advice of some other business person who is running a truck rental business in some other city. They can be more generous and helpful to you. 

4. Seek a good location 

Once you are done with the planning phase, it becomes imperative to work for the rental business. You need a place from where you will operate your business. Try to seek a place that has a large number of customers according to your business needs. The space for the business must be spacious and secure enough, so you are not at the stake of some future conflicts. You can also put up the cameras to keep an eye on the security of your trucks. Various renowned rental companies have considered it as a good practice. 

5. Obtain business insurance

Obtaining insurance for your truck rental business is crucial because trucks are prone to many accidents or some other incidents. So, it is always better to stay prepared for all these instances in advance to nullify the last-minute chaos. With the insurance, you get a sense of accomplishment and security for your business, and you can run your business smoothly without even giving a second thought. 

6. Hire the best staff

You can’t handle the truck rental business single handily because there can be several inquiries and other doubts that need to be resolved for the customers. To run a smooth business with all the ethics, you need to tactfully hire the best staff to handle various business situations. You should hire drivers with proper licenses and clear backgrounds so that it doesn’t pose any problems for your business in the coming future. 

7. Advertise your business

Mere starting with the business is not enough if people are not aware of it. You need to advertise your business so that it can reach out to a large number of people. You can take the assistance of flyers, newspaper advertisements, or digital media to promote your business. This will help to enhance your business prospects, and it will reach a large audience for better results. 

Conclusion

These are the simple steps that you can follow to start with your own truck rental business. You need to follow these steps in a step-wise fashion so that you can easily accelerate your truck rental business and make the most out of it. If you keep on following these points, then you won’t be stuck anywhere. So, all the best, and get started with your truck rental business.