Who needs accounting services from QuickStart?
Our services are designed for every kind of trucking professional. Whether you’re a newcomer, a fleet manager, or an experienced owner-operator, we have a suitable solution for you. QuickStart is ready to help you if you’re trying to understand the financial demands of the industry or seeking better tools to streamline your business.
- Newcomers. Starting a career as a truck driver can be overwhelming. Managing your finances is one of the critical aspects for long-term success, and QuickStart is your reliable partner in that. Our team provides accounting solutions to help you manage your finances from the first day. Our tools and expertise in truckers’ quarterly tax estimates and financial reporting for truckers will keep your financials organized, compliant, and ready for tax season.
- One-man companies. If you’re an independent trucker who manages your own operations, balancing your workload and financial responsibilities can be tough. We provide solutions that can help maximize your deduction and ensure your taxes are filed on time, allowing you to focus on driving. QuickStart also offers small business accounting for truckers, covering everything from daily expenses to long-term financial planning.
- Fleet managers. Being a fleet manager means managing multiple responsibilities, including logistics, maintenance, and financial management. QuickStart offers trucking cost analysis services and financial reporting for trucking companies. Our aim is to help you stay on top of all aspects of your operation. With our consultation services and logistics financial management, you can keep your fleet running smoothly.
- Owner-operators. They often face the dual challenge of managing their own driving while also handling the business side of things. Accounting for truckers from QuickStart helps you stay compliant with the IRS. Our specialized services include state tax estimates and returns and tax filing services for truck drivers.
Why Choose QuickStart for Accounting Services?
QuickStart has over 13 years of experience in the trucking industry. Thus, we understand the unique challenges truck drivers and fleet managers face, from tracking fuel expenses to complying with the Federal Motor Carrier Safety Administration (FMCSA) and Department of Transportation (DOT) regulations. We aim to give you full visibility into your financial performance.
Do you want reliable services? QuickStart is your strategic financial partner, helping you navigate a complex web of regulations and demands of the trucking business.
Our Benefits
Comprehensive tax services. Tax season can be stressful for truckers. We handle all aspects of your taxes, from tax planning to tax return filing.
QuickStart ensures you remain compliant with federal, state, and local authorities, specializing in trucker-specific tax filing services.
- Cash flow management. Our team tracks your income and expenses to help deal with fluctuating fuel costs, maintenance, and unexpected repairs. We aim to ensure that your operations have the liquidity it needs to operate smoothly, even in tough times.
- Trucker-specific expertise. QuickStart is set apart by our deep understanding of the trucking industry. We know the ins and 9uts of FMCSA, DOT, and IRS regulations and how they affect your business.
- Constant support. We stay in touch with you 24/7 to help you stay compliant through your operations. we ensure your business avoid legal penalties and fines.
- Timely filing. Our team ensures the timely filing of all necessary documentation, preventing late fines and disruptions to your operations.
Our Process
QuickStart streamlines your accounting process, making it easy and efficient for our clients. We work with you to ensure your financial success.
- Initial consultation. We start with a thorough consultation to understand your specific needs, whether you’re an owner-operator, a company-hired driver, or a fleet manager.
- Financial setup. Ince we understand your needs, we set up your financial accounts and gather all necessary documentation.
- Ongoing support. Our team provides ongoing support to help you manage your finances, ensuring timely filing and constant compliance with FMCSA, DOT, and IRS requirements.
- Compliance review. We regularly review your financials and documentation to ensure you meet all federal, state, and local regulations, such as quarterly and annual tax filings.
- Annual and quarterly filings. We manage your tax compliance and filing, from truckers’ quarterly tax estimates to end-of-year tax filings. QuickStart aims to ensure that you stay compliant and avoid penalties.
Contact us today to benefit from our accounting process. Let us take all burdens, while you focus on running your business.
Our Pricing
At QuickStart, we offer transparent and flexible pricing for specialized trucking accounting services. We ensure you get the support you need at every stage of your business. We provide a range of services to meet your specific needs, including tax estimates, financial reporting for truck drivers and fleet managers, and accounting solutions. Our services include:
- Federal personal tax return. The service designed for individual truck drivers and owner-operators. We ensure your tax return filing complies with IRS requirements while maximizing your deductions specific to the trucking industry. our team handles all aspects of personal tax consultation and tax filing assistance.
- Additional state tax return. Trucking drivers and companies that operate across several states often face challenges amid different tax obligations and requirements. QuickStart handles these filings for you, ensuring timely and accurate tax compliance and filing with state authorities.
- Federal business tax return. We manage full business tax return filing. Our services include all eligible deductions, such as fuel costs, repairs, and equipment, ensuring accurate tax reconciliation and keeping you compliant. This service includes tax planning and trucking cost analysis services.
- Quarterly & Annual payroll tax returns. Our team takes care of your payroll tax filing needs, both quarterly and annually. This ensures your trucking operations remain compliant with all federal and state payroll tax regulations.
- Monthly & quarterly sales tax returns. If your trucking business operates in states that require sales tax filings, we handle those on a monthly or quarterly basis. QuickStart ensures these filings are accurate and up-to-date.
- Federal elections. We assist in making the right federal tax elections to minimize tax liabilities and optimize cash flow management. We aim to simplify tax reporting for trucking drivers.
- Consultation services. QuickStart offers tax consultations to provide expert guidance on all aspects of accounting for truck drivers and business. Whether you need help with budgeting for trucking companies, tax planning, or logistics financial management, our specialists are available to assist.
Accounting Requirements for Trucking Businesses
US federal and state authorities set accounting requirements for trucking businesses. The aim is to ensure proper financial management, transparent tax reporting, and legal adherence. The key requirements for trucking businesses include:
- Record-keeping. Trucking companies must maintain accurate and detailed financial records. For that, they should keep records of their revenue and expenses, as well as mileage and fuel logs. Accurate records are crucial for reporting under the International Fuel Tax Agreement (IFTA). All financial transactions must be documented, categorized, and stored for at least three to seven years.
- Accrual vs. cash accounting. Trucking businesses can choose between cash or accrual accounting methods. Cash basis involves income and expenses recorded when money is actually received. At the same time, accrual accounting means income and expenses are recorded when occurred, regardless of when the money changes hands.
- Compliance with IFTA. Truck drivers and companies that operate in multiple states must file quarterly reports of fuel purchases and miles driven in each jurisdiction.
- Payroll and employment taxes. If your business employs drivers or other workers, you need to account for payroll and employment taxes. This includes keeping accurate records of wages and benefits for employees and ensuring proper withholding of federal, state, and local income taxes.
If you’re an owner-operator or run a one-man company, you must manage your own self-employment taxes.
- Maintaining separate business accounts. For proper financial management, trucking companies should maintain separate bank accounts and credit cards for business transactions. This
- Compliance with DOT and FMCSA regulations. Accounting must align with the rules set by the DOT and FMCSA. For instance, businesses must properly account for hours of service (HOS) and keep accurate records for audits or inspections.
Ready to simplify your trucking finances? Contact us today!
Get expert accounting services designed for you. Let us handle the numbers while you focus on the road.