{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How should I track fuel expenses and report IFTA taxes?","acceptedAnswer":{"@type":"Answer","text":"

If you operate across state lines, you're likely required to file quarterly IFTA (International Fuel Tax Agreement) reports. We help you track mileage, fuel purchases, and file accurate returns to avoid penalties and audits.\n
\nExplore our Tax Compliance services to stay up to date on fuel and use tax filings.

"}},{"@type":"Question","name":"Can I deduct truck and trailer depreciation on my taxes?","acceptedAnswer":{"@type":"Answer","text":"

Yes — most fleet equipment qualifies for depreciation, and in some cases, accelerated depreciation or Section 179 expensing. We help you set up schedules that maximize deductions while keeping your books audit-ready.\n
\nLearn more about our Tax Planning services.

"}},{"@type":"Question","name":"Do I need to file a Texas Franchise Tax return if I'm a small trucking company?","acceptedAnswer":{"@type":"Answer","text":"

Yes. In Texas, most business entities — including LLCs and corporations — must file an annual franchise tax return, even if income is low or zero. We handle these filings to ensure your status stays in good standing.\n
\nVisit our State Franchise Income & Tax Return page for more.

"}},{"@type":"Question","name":"How should I handle payments to independent drivers or owner-operators?","acceptedAnswer":{"@type":"Answer","text":"

If you use 1099 contractors, it's essential to track payments properly and file year-end 1099-NEC forms. We help you manage this process and ensure you're following contractor classification guidelines.\n
\nThese services align with our Policies & Procedures and Part-Time Controller/CFO advisory support.

"}},{"@type":"Question","name":"Can you help us prepare reports for lenders or equipment financing?","acceptedAnswer":{"@type":"Answer","text":"

Absolutely. We prepare GAAP-compliant financial statements that are often required for vehicle loans, lines of credit, or fleet expansion financing. We'll make sure your numbers are clear and professionally presented.\n
\nLearn more about our Preparation of Financial Statements and Review of Financial Statements services.

"}}]}