article thumbnail

How to Improve Accounting for a Transportation Business: 4 Essential Cash Accounts

Anders CPA

Accounting software is exceptionally important for transportation businesses and owner-operators alike, but it’s not going to solve every problem. Your accounting management software only adds value if you’re maintaining proper financial records, cash flow statements, tax planning strategies, and forecasting practices.

article thumbnail

Clean Energy and Climate Action Offer Tax Benefits

CPA Practice

By Diana Crawford, CPA. One of the topics the minds of many tax and accounting professionals is the environment. Target investments to cut localized pollution from port operations, heavy duty trucks, and transportation infrastructure. In addition, tax incentives are a primary tool in the Act to encourage energy innovation.

Tax 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

State CPA Society News & Updates – June 2023

CPA Practice

At Mazars, she specializes in accounting and auditing for transportation and logistics. The AICPA Leadership Academy was designed to strengthen and expand the leadership skills of promising young professionals while they network with a peer group of talented and motivated CPAs.

CPA 114
article thumbnail

Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

article thumbnail

Accounting Summer Camp is a Thing in New York

Going Concern

From New York State Society of CPAs: COAP helps you explore what you can do in the accounting field. If you think accounting is just tax, think again. Note that program planners may arrange for transportation to their colleges or universities, but please plan for alternative transportation as backup.

article thumbnail

Professionals on the Move – Jan. 2024

CPA Practice

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 115
article thumbnail

Tax Deductions Guide 2021

inDinero Tax Tips

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

Tax 52