TBS compliance packages help you navigate through ever-changing federal regulations. Successfully establish your business with help from our expert team. Call TBS today to find out which of our services can best support your transportation business. Each state has its own licensing and permitting requirements. TBS has the knowledge and experience to help you navigate through trucking permitting services across state lines. Visit our comprehensive services page to see how TBS can help.

• But, perhaps most importantly, working with ATBS helps you save time and money.
• If you want to capitalize on a booming industry and build a business in the trucking industry, it’s important to have the tools and resources you need to succeed.
• If you’re interested in getting started with entrepreneurship, then we’d be a great fit.

As a truck driver, you may have a hard time keeping good records while on the road. That’s why it may be best to look into using a bookkeeping service for your business that works specifically with owner-operator truck drivers. The RumbleStrip Essentials package is designed for experienced owner-operators who are looking for a more simplified, pared-down solution. This package offers the time and money-saving benefits of tax preparation and monthly bookkeeping services. Also, having a bookkeeper who prepares taxes makes it easier to file your tax return.

ADDITIONAL PERMITS POSSIBLY REQUIRED

The IRS imposes a Heavy Highway Vehicle Use tax on highway motor vehicles used during the applicable period with a taxable gross weight of 55,000 pounds or more. The taxable period runs from July 1 to June 30 of each year. There are several rules and regulations you have to follow to obtain and maintain a trucking permit. Instead of stressing over missed deadlines while balancing your duties as a business owner, let TBS help you grow your business and remain compliant. Over the years, our services have continued to expand to provide innovative solutions and adapt to new trucking regulations.

It is a nine-digit number used by the IRS to identify taxpayers who are required to file business tax returns. A BOC stands for “blanket of coverage.” A BOC-3 form gives your trucking company a legal presence in any state where you operate. The FMCSA requires that you have a process agent in every state that you travel through or do business in.

Our RumbleStrip Essentials product is best for owner-operators who are no strangers to the trucking industry but are looking for efficient and convenient back-office solutions. Having proper insurance is also an essential part of getting started. Truckers Bookkeeping Service has an extensive network of insurance agencies that offer great rates. If your rig weighs over 55,000 pounds, you are required to file a Form 2290 for tax purposes. Trucking insurance is vastly different than car insurance.

Open a separate checking account for your business.

While thoughts of freedom on the open road are exciting, being an owner-operator can be challenging—but also incredibly rewarding. If getting started seems too confusing or overwhelming, Truckers Bookkeeping Service is here to help. We take the complexity out of becoming your own boss and help you establish and cultivate your business. Often identified as a motor carrier number (MC number), a trucking authority allows a commercial truck to transport goods. Your operating authority dictates the type of operation your company may run and the cargo it may carry. All motor carriers operating with a weight of 18,000 pounds must open a New York Highway Use Tax (HUT) account and register each vehicle that travels in New York.

Schedule a consultation with a member of the Trucker CFO Team and ask us any questions you want.We’re here to help to you with the business of trucking. This makes it easier to keep track of things when it’s time to total everything up. Purchase an expanding file folder, a stapler, and a desktop calculator with register tape from an office supply store. Electronic invoicing and payments make sending and paying bills and getting paid simpler and faster. Keep an eye on the money going in and out of your bank account to ensure you are getting paid what you’re owed. ATBS has helped our business run smoothly by inputting our receipts every month and keeping our business between the lines.

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. You want to be able to deduct as many legitimate costs as possible. Keep an envelope in your truck for collecting receipts, or use the dedicated folders on your computer or in a cloud for e-receipts.

No matter where you are in your driving career, we have a service package that will match your needs. Below is a complete list of business services that ATBS offers. Thetruckersbookkeeper.com is an authorized IRS e-file provider.The Trucker’s Bookkeeper is owned and operated in Shreveport, LA and Fort Worth, TX. Our business advisers keep the focus on financial results, and can also help you anticipate and plan for future challenges. We also offer family business consulting including business succession planning or sale to an outside buyer.

Bookkeeping Services for Truckers & Carriers

There’s more money to be made and the transportation industry isn’t at risk during a recession. An ELD is an electronic device that tracks hours of service (HOS) for truck drivers. It helps protect drivers from being forced to drive beyond the threshold of safe hours and distance determined by the ELD rule. The registration process will ask you a number of questions about your vehicle, cargo, number of trucks, weight, and more.

• You may submit a summary of your expenses using the online form or you may choose to include it in your monthly expense envelopes that you provide to us.
• Our team will work with you to select the right service for you and your business.
• Truckers Bookkeeping Service is here to help you every step of the way.
• That’s why it may be best to look into using a bookkeeping service for your business that works specifically with owner-operator truck drivers.
• Learn more about our small and mid-sized business consulting services during a free consultation.

As your trucking business grows, you can invest in different packages to accommodate a more expansive set of needs. Bookkeeping is an important part of running your business as an owner-operator truck driver. It allows you to keep your financial statements organized and gives you an idea of how your business is performing.

TBS Will Process Your Authority For Free

If you ever need any of these files back, a good bookkeeper will be able to easily find and send back electronic copies of the receipts or files that you need at any time. There are many benefits that come with using a bookkeeping service for your trucking business. In this article, we will discuss important things to consider when you search for one.

All motor carriers operating with a combined weight of 60,000 pounds or more must have a Kentucky weight distance tax account. When the account is opened, quarterly reports must be filed in addition to your IFTA license. You are required to update your truck inventory list, which is verified through USDOT numbers. The RumbleStrip Professional package, on the other hand, is the go-to option for most owner-operators looking for a complete tax and bookkeeping solution.

As truckers, we’re looking for something that’s affordable and practical in terms of our accounting services and tax preparation services. In our situation, we also needed guidance and recommendations. Those were the factors that were missing in our previous accounting relationship. We weren’t getting the guidance and recommendations we needed and the ability to translate that into the services that we needed, particular to our situation. Owner-operators looking to grow their business and simplify bookkeeping for truck drivers will benefit from Truckstop TMS for Carriers.

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. Truckers should maintain separate accounts for personal and business expenses to make it easier to track and prove a clear separation between personal and business expenses. In most states, you must renew your trucking license every five years. They are very knowledgeable and they keep up with the trucking industry. I am reliant on them and have trusted them for 3 years now.

Learn How to start your Trucking Bookkeeping Business

Looking for a bookkeeper that does tax reconciliation will also be beneficial for your trucking business. A bookkeeper that includes this service will analyze and categorize your revenue and expenses rather than just blindly inputting the data. The first thing you should look for is a bookkeeping service that will scan and archive all of Truckers bookkeeping service your business receipts and important files. This way you don’t have to keep track of physical receipt copies. The bookkeeper should be able to archive all of your important paperwork in their secure database. Providing your documents should be as easy as sending in pictures, scanning and emailing them, or mailing them to the bookkeeper.

File for your Unified Carrier Registration (UCR)

Safety audits occur at any time after your USDOT Number is activated. While you wait for your USDOT Number, let us help you prepare for your audit. We give you the right resources to help you comply with federal regulations.