Trucking Services
Trucking Business Features
Freight Brokers dominate the business volume of Trucking industry as Trucking businesses lack the capabilities to obtain contract in their own name with sizeable customers in their market, undertake requisite marketing activities, process transactions with end customers or freight brokers, small size operation, as such work with freight brokers who perform your tasks of business office work for you while you work on moving the freight under their contract for their end-customer. Freight brokers even provide liquidity or advance payment to you to meet your working capital requirements.
Our Services for Trucking Businesses
Spry Associates, CPA is there for you to make this move of maintaining your book of accounts, and preparing your business tax returns in addition to IFTA compliance.
IFTA Fuel Tax
Fuel taxes exist to keep up with highway maintenance, infrastructure development, and general maintenance of our roads. Since trucks are constantly traveling through these roads, they must pay taxes according to how much fuel they used in each state they went through. Filing fuel taxes can vary by state. Before filing them, we check your IFTA state agency’s website to confirm all the documents you need. In general, you will need to provide the specific numbers of how many miles you traveled per state and how much fuel you purchased as well.
Our Core Services to Trucking Companies
With deep business domain expertise in Medical Transportation service, having run this business, Spry Associates, CPA provides the following services to Trucking business clients:
Outsourced Bookkeeping
Outsourced bookkeeping service is a bookkeeping option that may be right for your business, and it has advantages and differences. Learn more about how Spry Associates, CPA provides you bookkeeping services for your business.
Tax Preparation Services for Business and Owner’s Individual Tax Returns
Spry Associates prepares appropriate Annual Tax Return for your types of business entities ( IRS Forms 1120 for C Corporation, 1120S for S Corporation or 1065 for Limited Liability Company or Partnership, and /or Schedule C for Sole Proprietorship or single Member Limited Liability Company, and also your Individual Tax Return IRS Form 1040 for owners for mandatory Federal and/or State Tax Return filing reporting your business revenue, cost of services, gross profit, expenses net income and expenses and your tax obligations.
Other Services to Trucking Companies
Filing Fuel Taxes IFTA Tax Return
Filing Fuel Taxes can vary by state. Before filing them, we check your IFTA state agency’s website to confirm all the documents you need. In general, you will need to provide the specific numbers of how many miles you traveled per state and how much fuel you purchased as well.
Contracts Administration and Billing
Spry CPA provides you with online tools to store your contracts online, convert fax images to text for you to read and search the contents of your trucking/freight contracts records and billing while you are on the road or highway for your business and moving the freight.
Spry Associates, CPA Tax Preparation Services
Disclaimer: This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Spry Associates, CPA assumes no liability for actions taken in reliance upon the information contained herein.