Should I hire a bookkeeper to handle my accounting?

I don't know how, especially in THIS day and age, one could truck without one, especially O/O's. It's like insurance, you have to pay, but you're screwed without it.

 

not only would you want a good CPA, but one that might also be a tax lawyer, such as what i have.

 

Just make sure they are familiar with trucking. My 1st acct. didn't know squat, but the 2nd one was sharp. Saved me on some, not all, taxes and deductions I never knew about. I think I even wrote off my ex-wifes dog food, as he said, the dog may be guarding the truck,,,stuff like that. I still lost my shirt,,,

 

When I started O/O business, second thing I did was open a separate checking account for the business, after our accountant strongly recommended the separate account. Getting the accountant was the first thing. She and her staff have been a great asset. Tks

 

I’m using ATBS this year.

I send them all my receipts via their app. Send them my settlements and fuel card usage etc as well.

They generate a monthly P&L and tell me what my estimated 1/4 tax payment should be. I pay about $100 a month. That includes the whole tax return at the end of the year.

it seems to smooth and easy so far. We’ll see.

 

I use to let my accountant do it all. I just organized the receipts and dumped them off every few months.
But I found I lost touch with the numbers.
Plus it cost over $1400 a year, and I'm leased on to a carrier so I don't have that much paperwork.
Now I do it myself, about 20 minutes a month.
Accountant only does the year end and tax filing for $220. And I know my numbers.

 

I do everything myself. I pay $20 a month on let's truck for the account service.

 

That's what I SHOULD have done, separate account and paid myself a salary. I just threw it in my savings account and drew off that.