Visit our comprehensive services page to see how TBS can help. Purchase an expanding file folder, a stapler, and a desktop calculator with register tape from an office supply store. If there is a discrepancy, you want to catch it quickly before it becomes a bigger problem for your trucking business. By updating your books daily, you will have a better idea of how your business is doing and be able to manage your cash flow more easily.
The easiest way is to enter your expenses daily as you incur them. Plus, if you do lose a receipt, you will still have the record in your files. With ATBS, a dedicated consultant will walk you through the entire process of preparing and filing your taxes so you can be confident everything is accurate.
Register for your International Registration Plan (IRP)
We are truly passionate about helping you start your own business and remain successful in the industry. 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. Personal Truck Service is a company focused on helping entrepreneurs in the trucking industry to succeed in their businesses. All the transportation companies need to file the fuel consumption Tax every quarter to keep operating without penalties. We take care of the deadlines while to are focused on the road. Save all the receipts of the expenses you have on the road and send them weekly.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Our free Basic Trucking Authority Startup package includes your MC#/USDOT Number and BOC-3. For more information, read our How to Start a Trucking Company Guide.
Steps to Going Independent & Getting Your Trucking Authority
With a secure online portal, you don’t have to go into an office or call your bookkeeper to access your information. This is especially convenient for truck drivers who are on the road and aren’t always able to go in and talk to their local accountant. A reliable tax and bookkeeping service can help your trucking business streamline taxes
and recordkeeping. Also, having https://www.bookstime.com/articles/cost-of-goods-sold a bookkeeper who prepares taxes makes it easier to file your tax return. If your bookkeeper and tax preparer work together, they can find all the legal deductions you are entitled to, so you don’t pay more in taxes than you have to. This option is a lot more efficient and more accurate than giving your documents to a tax preparer who doesn’t know your business.
- If not, you will be happy you took the time to keep your records in order.
- This software for trucking will help you track your income and expenses, capture and organize receipts and maximize tax deductions.
- Another thing you should look for when deciding on a trucker’s bookkeeping service is a company that has industry-specific benchmarking.
- It allows you to keep your financial statements organized and gives you an idea of how your business is performing.
- With ATBS, a dedicated consultant will walk you through the entire process of preparing and filing your taxes so you can be confident everything is accurate.
We can help with record keeping and document management to ensure compliance with federal and state regulations. Some states require trucking companies to pay an additional weight distance travel fee. 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. ATBS offers truck bookkeeping services to keep track of your most important
File for your Unified Carrier Registration (UCR)
You must keep all records used to prepare your tax return for three years from the date you filed the return. Whether you are a small fleet owner-operator or a large trucking company, we have the expertise and resources to help you stay compliant and profitable. With our services, you can focus on what you do best – running your business – while we take care of the rest. With experts available for one-on-one discussions of your tax liabilities, it’s easy to
understand why ATBS is the most trusted name in bookkeeping for truck drivers.
The good news is, Truckers Bookkeeping Service has over 50 years of experience in the transportation industry and we’ve helped thousands of truckers get their trucking authority. We’ve created a short breakdown of the steps it takes to go from working for someone else to being your own boss. It’s quite a few steps, but we’re ready to help you navigate the process. Your out-of-pocket trucking bookkeeping services cost will be the $300 Federal Motor Carrier Safety Administration (FMCSA) registration fee and the $50 BOC-3 registration fee which covers the lower 48 states. Let TBS deal with the mountains of paperwork and complicated forms. Our experts will make sure everything is processed correctly the first time, so you won’t have to wait to get those big rig wheels turning.