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Trucking Accountant

FOCUS MORE ON YOUR FLEET, LET US FOCUS ON YOUR FINANCIAL ROADMAP

EXPERT TAX FILING, ACCOUNTING & BOOKKEEPING SERVICES FOR TRUCKING

The majority of people assume that truck drivers spend most of their time on the road, which is generally correct. On the other hand, Truck drivers may spend a significant portion of each day doing non-driving chores such as clearing customs, crossing borders, and loading/unloading freight. Truckers often have administrative responsibilities, such as keeping track of daily driving activity.


Understandably, truckers would prefer to avoid bookkeeping and accounting responsibilities, given their busy schedules. Fortunately, Accounting organizations may assist truck drivers and trucking companies with accounting and bookkeeping.


If you're seeking a dependable accounting firm with experience with trucking companies and truck drivers, you can contact M7 Tax. We've been providing accounting services to truck owners, transporters, and payers for many years.

BOOKKEEPING FOR A TRUCKING COMPANY

Being your boss and in charge of your destiny seems appealing, but running a trucking company is not easy and takes a lot of time. Taking care of all documentation, receipts, recording all costs, and filing taxes on time is one of the most time-consuming chores. You may do it all yourself and sacrifice time with your family, but hiring a trucking accountant who will handle all bookkeeping for you is a superior alternative.

Trucking companies and truck drivers can use M7 Tax bookkeeping services. We will handle all of your expenses and ensure that all information is entered correctly and that your books are correct.

ACCOUNTING FOR A TRUCKING COMPANY

You must know how well your Trucking firm is performing. If you're losing money in areas where it might be prevented, you'll want to know as quickly as possible, and a trucking accountant who understands the trucking industry can assist. Our firm will generate all accounting documentation for you, demonstrating how your company is doing presently and in comparison to the previous year.

  • We compile an accurate overview of all of your earnings, expenses, and HST balance.

  • We give you income statements that indicate your revenue, profit, expenses, and losses, as well as your net income.

  • Our Trucking Accountant professionals will handle the lease payment reports.

  • If your truck is leased or financed, we will prepare an amortization schedule for you.

  • All of this knowledge will assist you in running a profitable business and making essential changes as quickly as feasible.

TRUCK DRIVER'S TAX PREPARATION

We understand that trucking is a low-margin industry, so every dollar you save on taxes can help you improve your bottom line. that is why having the right tax specialist or trucking accountant is essential for your business/company.

 

We prepare tax returns for tax drivers and trucking companies at M7 Tax. We are well-versed in all elements of the trucking industry and tax legislation, allowing us to provide you with the most cost-effective option.

ZERO-RATED SUPPLIES OF GOODS & SERVICES (HST/GST)

One of the essential characteristics of carriers (truck drivers or trucking businesses) is zero-rated HST, which means the GST/HST is charged at 0%, and you don't have to collect it. Furthermore, you may be eligible to recover GST/HST that you have previously paid on your purchases (ITC), and an experienced trucking accountant can assist you in obtaining the most extensive possible GST/HST refund.

We are convinced that our tax preparation services and advice will save you a lot of money, time, and effort, whether you are an individual truck driver or a well-established trucking company.

WHAT WILL M7 TAX DO FOR YOU?

WE STRIVE TO PROVIDE THE BEST TRUCKING ACCOUNTANT SERVICE TO OUR CLIENTS BY BEING PROACTIVE AND UP-TO-DATE ON ALL TAX LAWS AND ACCOUNTING REQUIREMENTS.

WHEN YOU BECOME A CLIENT OF OURS, YOU MAY RELY ON OUR ASSISTANCE AND GUIDANCE AT ANY TIME.

  • We will assist you in reviewing all expenses to reduce your tax liability.

  • We'll organize your money and taxes, so you get the best tax return possible through our best Trucking Accountant professional.

  • Payrun will be provided, and Trucking Accountant will calculate payroll tax remittances.

  • Our experience in trucking accounting & bookkeeping allows us to keep all your books in order and track every expense.

  • All bookkeeping can be done in sophisticated software, on the client's wish.

FEES FOR ACCOUNTING SERVICES FOR TRUCKERS

Our pricing is adjustable and is determined by the following factors:

  • The size of your company

  • How much time should we devote to bookkeeping, accounting, and tax preparation?

  • How many individuals are on the payroll at your company?

We provide a flat rate, where you pay a set amount every month and a payment when you need your tax return prepared. You can choose what works best for you. However, we recommend a monthly plan. You won't have to pay for the year-end company tax return in such a situation.

DO YOU HAVE ANY FURTHER QUESTIONS CONCERNING OUR TRUCKER ACCOUNTING SERVICES?

We provide a no-obligation phone consultation during which we explain our services and how they will allow you to focus on what you do best: operating your business.

OTHER SERVICES

Find out how M7 Taxes can develop a package of accounting and bookkeeping services tailored for your business.

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Whether you go by calendar year or fiscal year, our team is capable of reviewing your financial activities, preparing your income statements and filing your corporate tax with the aim of maximizing your benefit and minimizing your income tax liability.

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The insight of an experienced business consultant can bring the fresh perspective and original ideas to take your business to new heights.

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