CPA and financial planning

Discussion in 'Trucker Taxes and Truck Financing' started by blacklabel, Jun 12, 2020.

  1. blacklabel

    blacklabel Heavy Load Member

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    I'm curious how many of you use a CPA? And do they handle more than your taxes including your future financial planning? Not just tax-related but retirement, business and estate planning? I guess what I'm getting at is I'm looking for more than just a tax person. I want to build something more than a single truck operation.
     
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  3. Accidental Trucker

    Accidental Trucker Road Train Member

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    I do, and he helped set up a SIMPLE plan for retirement. Estate planning is kinda moot with the new limits. Was helpful setting up the LLC’s.

    when it comes to business planning, I’ve found most all accountants try to drive the truck by looking in the rear view mirror. Not necessarily the best way to do strategic planning, but can be helpful in finding weakness in execution.
     
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  4. blacklabel

    blacklabel Heavy Load Member

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    Just come to the point that I'm about to outgrow my current situation and looking to build a "team" to help me grow.

    Thanks for your reply.
     
  5. Mid-May Trucker

    Mid-May Trucker Road Train Member

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    Just give them the keys and a 1099
     
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  6. blacklabel

    blacklabel Heavy Load Member

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    I know of a company with 80+ trucks, 3hr orientation then you get keys, 60cpm, a 1099,r and paper logs.

    I actually asked him for advice before this post was made.
     
  7. Ringo1

    Ringo1 Light Load Member

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    My wife is a CPA and has just started her own firm with trucking in mind. As an O/O myself she's been doing my books for years, if interested DM me and I can give you her information.
     
  8. blacklabel

    blacklabel Heavy Load Member

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    Pm me some information
     
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