When you choose TBS, you’ll find a family who will listen to you, identify your goals, and find solutions that are unique to you and your company. There aren’t any coaches or mentors for bookkeepers in the trucking industry. This is a niche that is wide open for truckers bookkeeping service ambitious entrepreneurs, new and experienced. I’ve experience working and building tricking businesses from the inside out, so I know what they need and how to help them expand profitably. Safety audits occur at any time after your USDOT Number is activated.
The taxes are used for highway construction and maintenance. If you purchase your vehicle after August 31, then you must pay your taxes within 60 days of purchase. A BOC stands for “blanket of coverage.” A BOC-3 form gives your trucking company a legal presence in any state where you operate. The FMCSA requires that you have a process agent in every state that you travel through or do business in.
This permit is required in addition to your IFTA license. There are many moving parts and strict federal regulations when it comes to starting your own trucking company. We offer services with no hidden charges to help you get your authority and keep you road legal. Often identified as a motor carrier number (MC number), a trucking authority allows a commercial truck to transport goods. Your operating authority dictates the type of operation your company may run and the cargo it may carry. The sooner you call, the faster we start on your bookkeeping bliss.
Developing our Quarterly Tax Estimates is a huge help. ATBS has helped our business run smoothly by inputting our receipts every month and keeping our business between the lines. ATBS has helped me understand what I need to do to be better in certain areas. My consultant is very knowledgeable, down-to-earth, and helps me with any questions I have. To learn more, listen to Colton Lawrence, the Trucker CFO, talk about the importance of working with the right team. Listen to our Trucker CFO mini-cast to learn how we can help with your accounting needs.
- TBS will process your MC#/USDOT Number and BOC-3 for free (both are required to activate your authority), with no annual membership fee or application processing fee.
- In addition to your USDOT number, you’ll also receive a PIN number to update yourinformation online (when necessary).
- For large transportation companies, a CPA for truckers may be able to offer more services.
- Bookkeeping services not only make it easier to gain a bigger picture of your financial condition but pinpoint spots where your business can cut expenses or improve revenues.
- All you really need to be an entrepreneur is willpower and resources.
- Ideal for small transportation companies without in-house accounting, their team of accountants can take care of your accounting and tax preparation needs so you don’t have to.
Our team understands the importance of handling all the accounting details accurately and efficiently. You only need to select the service package that best defines your needs and fits in budget. It helps you understand the cash flow and keep track of costs, profits, and bills. Our tools & expertise efficiently monitor every expense, to find ways to reduce tax liabilities and maximize profits. Keeping accurate books may not be the most exciting aspect of managing your trucking business, but it’s essential to maintaining its success.
I coach and mentor people so
they can live their lives on their terms. You’ll have that flexibility when you’re working with me. In addition to your USDOT number, you’ll also receive a PIN number to update yourinformation online (when necessary). And remember, you have to renew your USDOT number every two years.
At PorteBrown Accountants and Advisors, they understand that transportation companies are the lifeblood of commerce and the economy. So their accountants and bookkeepers work tirelessly to offer high-quality services to trucking companies nationwide. PorteBrown also draws on 75 years of industry experience and state-of-the-art accounting technology to ensure their accounting services’ accuracy. The Giersch Group offers a 100% virtual bookkeeping service nationwide for truck drivers and independent trucking companies. They are a certified QuickBooks ProAdvisor able to train your staff on the software and integrate cloud-based bookkeeping with their consulting services. Based in Milwaukee and Madison, Giersch also offers in-person consultations for Wisconsin-based trucking companies.
TAX, ACCOUNTING, AND CONSULTING SERVICES SPECIFICALLY FOR TRUCKERS
With automated spreadsheets, you can develop a money management plan that keeps your business on track and profitable. Bookkeeping services not only make it easier to gain a bigger picture of your financial condition but pinpoint spots where your business can cut expenses or improve revenues. For large transportation companies, a CPA for truckers may be able to offer more services. Many bookkeeping services online help with tax preparation for truck drivers. Integrating your tax filing with your bookkeeping can save time and ensure accuracy. Bookkeeping and tax services specially designed for trucking companies also make it easy to access and complete all required tax forms for your business.
An ELD is an electronic device that tracks hours of service (HOS) for truck drivers. It helps protect drivers from being forced to drive beyond the threshold of safe hours and distance determined by the ELD rule. If your rig weighs over 55,000 pounds, you are required to file a Form 2290 for tax purposes.
All paperwork I need was provided quickly and efficiently. She helped me through every step in getting my DOT and everything. I would recommend them to anyone trying to do the same thing.
The Trucker’s Bookkeeper
Time and time again, Trucker CFO has been there for us whenever we have needed them. No one enjoys paying taxes, but owing taxes is one the indicators that shows your business is achieving success. When it comes to taxes, the Trucker CFO Team has the experience you need to help you reduce your tax liability as a trucking entrepreneur and business owner.
With ATBS, you can rest easy knowing your taxes will be filed promptly and correctly thanks to the support of expert tax advisors. You will need an EIN to file your required IRS Form 2290. It is a nine-digit number used by the IRS to identify taxpayers required to file business tax returns. This includes employers, corporations, partnerships, and other business entities. The IRS imposes a Heavy Highway Vehicle Use tax on highway motor vehicles used during the applicable period with a taxable gross weight of 55,000 pounds or more.
Before operating in any of these states, you must register. While it sounds intimidating to have to research which states require what, TBS is the simple choice to help you navigate through the process. The Trucker CFO Team understands and appreciates that bookkeeping for your business is challenging when you’re on the road. You https://turbo-tax.org/ can email us or you can upload your business receipts to a secure portal. We’ll enter them into your specific account so you see the current financial status of your business in real time. When you start your own trucking business, surround yourself with experts in the field who will support and guide you throughout the process.
All motor carriers operating with a gross vehicle weight over 26,000 pounds must have a New Mexico weight distance tax account. When the account is opened, you must file quarterly in addition to your IFTA license. Our team will work with you to select the right service for you and your business. With over 50 years of experience, we are dedicated to helping independent trucking companies become successful.
I like TBS because they are upfront about the services rendered, explain the features thoroughly and, are consistent with services provided. I’m looking forward to a long and prosperous future with TBS. I have been using TBS to handle legalization paperwork, and factoring. No passing the buck.I would recommend TBS to others without hesitation. SCACs are required when conducting business with all U.S.