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M7 TAX transforms the financial trajectory of an Owner-Operator

Updated: Dec 21, 2021

M7 TAX is one of the premier Accounting and Business Management firms in Canada and moving into the United States geared specifically for the trucking industry, with over 25 years of combined experience. M7 TAX specializes in accounting and bookkeeping, identifying practical ways to limit expenses and reduce tax liabilities to increase drivers' profits. They are known for their long-term approach to their clients, as well as the highest level of service and personalized tax advice aimed at guiding their clients to the best financial and tax solutions. Their services are designed to meet drivers needs in all aspects of their lives, both personal and professional. As a result, their clients can focus on what they love, growing their business, while M7 TAX handles the accounting details.

Truck drivers are on the road for extended periods of time and therefore look for the most efficient ways to take care of their finances. Drivers try to do it on their own, but it is not easy and most of the time, bills, receipts, and expense records are put into a shoebox, making their lives harder when they must dig through the paperwork. M7 TAX understands the efficiency that truck drivers need, so they provide their clients with a technological cloud where drivers can find all their paperwork in one place and accessed at their fingertips.

Jim Needham, an owner operator who has been working with M7 TAX for three years, is one of their valued clients. Jim was constantly concerned about his bookkeeping before discovering M7 TAX because he was dealing with an accountant that solely did his taxes and HST. Though Jim tried to find an accountant, it was difficult to find someone who understood the trucking industry and conducted bookkeeping for drivers. After working with the last firm, it cost Jim more money, prompting him to begin seeking a better firm to work with. “We need a fixed expense and not have an increased cost because you can’t afford to run a business like that, especially trucking, the less variable the costs, the better it is for your business.” said Jim.

As soon as Jim began to work with M7 TAX, all the weight and worry about bookkeeping was lifted off his shoulders. “M7 TAX took a big weight off my shoulders; I didn’t have to worry because Marcos took care of everything, and my bookkeeping was solved. The most amazing part of it all, is with QuickBooks and with taking pictures of the bills with my phone everything is automated and it’s right there.”, said Jim. M7 TAX provided all the tools needed through the click of a few buttons on Jim’s mobile device that is with him no matter where he drives to. This made Jim’s life much easier, allowing him to focus on what he loves doing best, truck driving.

“Say goodbye to paper receipts and bills. All you have to do, is take a snapshot of your receipt with your smartphone and leave the rest to us, it’s that easy. M7 TAX has you covered, so you don’t ever have to think about a shoebox again.” said, Marcos Lopes, CEO of M7 TAX.

Jim said, “What are you waiting for, everything is automated, and you can have full confidence that everything is being handled by M7 TAX with no weight on your shoulders. It has changed my life and made it 100% easier now that I am in good hands. Working with M7 TAX will be the best decision you’ll ever make.”

M7 TAX has 12 locations across Canada and USA, and they can be reached at Toll-Free: 800-771-8244 or Email:, for any queries.

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