Trucking and logistics companies have tax rules that most businesses never see. We work with carriers and fleets every year and know what to keep, what to deduct, and which filings are due when.
How we help
- Bookkeeping for owner-operators and fleets: settlements, fuel, repairs, tolls, and insurance
- Choosing the right structure: sole proprietor, LLC, or S corporation
- Per diem for drivers: meals while away from home are 80% deductible for drivers subject to DOT hours-of-service rules, at the special transportation industry rate
- Depreciation of trucks and trailers, including Section 179 and bonus depreciation
- Payroll for drivers and dispatchers, and 1099-NEC forms for contractors
- Quarterly estimated tax payments, so April holds no surprises
Records worth keeping
Tax checklist for truck drivers
- ELD or logbook records that show the days you were away from home
- Settlement statements from brokers and carriers
- Fuel, repair, toll, and maintenance receipts
- Purchase or lease documents for each truck and trailer
Which filings apply depends on your setup: whether you own the truck, run under your own authority, or lease on to a carrier. We tell you exactly what applies to you.