The heavy vehicle use tax has a filing season from July 1 through June 30. If you used your truck during any of these months, you’d have until the end of the following month to file and make your payment. You may submit a summary of your expenses using our online form or you may choose to include it in your monthly expense envelopes that you provide to us. Get meaningful advice from professionals who know your business inside and out.

To begin with, you want to ensure that your information is secure. No industry is immune to the never-ending problem of security breaches. So, don’t hesitate to ask how the preparer safeguards client confidentiality. We do your taxes for you by finding every deduction you’re entitled to and ensuring your trucking business is structurally optimized. Keeping track of all the changes in the tax code can be a nuisance and knowing how and when to apply for write-offs is more difficult than it may seem. With truckers filing taxes every quarter, trucking CPAs can help simplify the process and take advantage of any trucker-specific tax deductions.

for Truck Drivers

Preparers who are willing to e-file returns using paystubs in place of W-2s are in direct violation of IRS rules and regulations. As the largest and most experienced accounting and consulting firm in the country serving transportation companies, KSM understands what matters most to you. We are ready to help find solutions and keep your business moving in the right direction. Take the next step by completing this form or contact one of our transportation professionals. KSMTA provides executive-level guidance to deliver data-driven, technical advice and expertise that is transportation-specific. In addition to the 5 excellent points listed above, there are a few more qualities you need in a trucker tax preparer.

If you own a trucking business, it is recommended you hire a tax preparer who can handle complex tax issues and understands trucking taxes. A firm that hires tax professionals who are Enrolled Agents (EA) truckers bookkeeping service and Certified Public Accountants (CPA) not only addresses these issues, but has unlimited representation before the IRS. This is very beneficial in the event of an audit or collection proceedings.

Understanding Trucking Expenses:

This is important because the IRS and most states send inquiries and conduct audits year-round. You want a preparer who will be there to answer your questions or assist you at any time during the year. Download our list of 21 Most Overlooked Tax Deductions and Credits to find out if you’re losing money. We’re business advisors who are ready to provide real-world recommendations and a roadmap to help you reach your goals. Section 179 typically applies to cars, SUVs, and trucks used for business purposes at least 50% of the time.

The job requires high level tax preparation skills, superior tax research and problem solving abilities, broad software knowledge, and excellent written and oral communication skills. We have a team approach to provide high quality client service for tax compliance, planning, financial statements, and general business https://www.bookstime.com/ consulting. We understand the unique challenges you face because we’ve been partnering with transportation and logistics companies nationwide for nearly fifty years. We offer comprehensive accounting and business advisory services to help you lap your competition and accelerate organizational growth.