FOR IMMEDIATE RELEASE

BPM Outsourcing launches niche business support services for Independent truckers and small fleet owners in the Trucking industry.

TORONTO , ONTARIO, Canada August 15, 2002 . – The radical growth of the Owner-Operator Trucking industry has created a need for a full service business-side of Trucking service Provider Company, that will allow Owner-Operators and small fleet owners to access big business Revenue Cycle management services with just one phone call.

To meet this need, BPM today broke new ground by creating a trucking compliance division Trucktax, Inc. Trucktax will be the industry's first nationwide Tax and Revenue Cycle business Services company positioned to serve the order-to-cash and fuel tax management needs of the truck transportation industry as well as the bookkeeping and tax management needs Independent Truck Owner-Operators.

Operating as a separate corporation, Trucktax and its division, TruckTax-Plus will fundamentally change the way Owner-Operators, Small Fleet Owners and large trucking companies handle the business-side of trucking and the compliance management functions and Tasks.

TruckTax-Plus and Trucktax will be the cost-effective outsource back-office for handling all the services that drive the business-side of trucking.

From:

Bookkeeping and Tax Reporting, To -   Fuel Tax, IFTA and Road Tax compliance reports preparation and Reporting, High Volume Driver Trip Reports Data Processing and Freight Bills Receivable Management and Collections.

As stated by many of our Owner-Operator clients, “the paperwork demands of the business-side of trucking consumes a large portion of their time and focus during and after each trip/delivery hindering their ability to focus on the core business of Trucking-for-Profit”

In addition, truckers are not MBAs, yet in an industry poised for significant growth, before TruckTax-Plus and Trucktax, there was no one-stop business-side of trucking support service available for Truckers.

However, this industry is undergoing significant growth, brought on by the increasing high cost of fuel and other operating expenses and the move by large trucking companies to convert their fleet of employee drivers to Independent Owner-Operators, so as to improve the bottom-line and increase shareholder value.  

Our survey indicates that this system of converting drivers to trucking entrepreneurs, will result in a high business failure rate in this group, due to the inability of good truck drivers to suddenly become masters at managing the business-side of trucking.

So to be successful, these new trucking entrepreneurs and existing Truckers will need to emulate the large companies and embrace outsourcing as their cost management tool, for managing the business-side of Trucking tasks, so as to focus on Driving and managing the equipment side of the Trucking for Profit tasks.

Failure to outsource, usually results in the trucker being so busy driving, that he/she wind up ignoring the business and government compliance requirements, have no financial reporting system in place to tell them if their trips are profitable, and soon wind-up out of business; either due to too  much empty miles resulting in insufficient revenues and operating capital to meet or as a result of intervention by IRS/CRA for a tax compliance audit.  

At TruckTax and TruckTax-Plus we specialize in the business-side of trucking and our mission is to help more truckers drive more profit to their business bottom-line.

We achieve this goal by providing the Owner-Operator and Small Fleet Owner Manager with competitively-priced professional business-side of trucking services, designed to reduce operating costs and the cost of accessing these services from multiple service providers or from in-house employees. For more information, visit Trucktaxplus.com.

About BPM Outsourcing

BPM Outsourcing is a leading provider of Small Business integrated Bookkeeping and Order-to-Cash business process management services and solutions, focused on helping Small Business companies cost-effectively manage all of the functions related to their revenue cycle and the bottom-line. 

For more information Contact: Ron Johnson

905-947-1872