TRUCKERS
Every mile you run costs money, and every dollar you do not track is a deduction you hand back to the IRS. PFG Tax does bookkeeping for owner-operators and trucking companies, built to capture every allowable deduction, handle your per diem the right way, and keep your numbers straight from settlement to tax time. Call (888) 653-4540 to talk with someone who knows the trucking business.
Trucking has expenses that most businesses never deal with, and a lot of drivers leave money on the table because no one is tracking them. Fuel, repairs, tires, tolls, scales, insurance, permits, and the truck itself all add up fast. When your books are loose, you either overpay at tax time or you cannot back up your deductions if the IRS asks. We keep both problems off your plate.
Capturing every allowable deduction
Our job is to make sure you get credit for every legitimate business expense you have. For owner-operators that includes fuel, maintenance and repairs, tires, truck payments and depreciation, insurance, licensing and permits, tolls, scale fees, ELD and software costs, and the everyday supplies that keep you moving. We keep these organized throughout the year so nothing gets forgotten and everything is documented. The goal is simple. You pay what you owe and not a dollar more.
Per diem, done correctly
Per diem is one of the biggest deductions available to drivers who are away from home, and it is also one of the most commonly mishandled. The rules around who qualifies, which days count, and how the daily rate is applied are specific, and getting them wrong either costs you the deduction or creates a problem in an audit. We track your nights on the road and apply per diem the right way, so you get the full benefit you are entitled to with records that hold up.
Built around how trucking actually pays
We work from your settlement statements, so your income and the deductions taken out of it are recorded accurately. If you run with a factoring company, we account for that too. You get clean monthly books, a clear picture of what you are really earning after costs, and records that are ready when it is time to file.
What we handle for truckers
- Tracking every allowable business deduction, documented and organized
- Per diem tracking and proper application of the daily rate
- Fuel, maintenance, tires, tolls, permits, and insurance
- Truck payments, depreciation, and equipment costs
- Settlement statement and factoring bookkeeping
- IFTA fuel tax recordkeeping support
- Monthly bookkeeping, reconciliation, and financial statements
- Catch-up and cleanup bookkeeping, and books ready for tax filing
For owner-operators and trucking companies
Whether you run one truck or a small fleet, you did not get into trucking to keep books. We handle the financial side so you can keep driving, and we make sure that when tax season comes, you are organized, fully deducted, and ready.
FAQ
What expenses can owner-operators deduct?
Most of the costs of running your truck are deductible, including fuel, maintenance and repairs, tires, insurance, truck payments and depreciation, licensing and permits, tolls, scale fees, and the supplies you use on the road. We track all of it through the year so you get full credit at tax time and have the records to back it up.
How does the per diem deduction work for truck drivers?
Per diem is a daily deduction for meals and incidental expenses on the days you are away from home overnight for work. There are specific rules about which days qualify and how the rate is applied. We track your time on the road and apply per diem correctly so you get the full deduction without creating audit risk.Per diem is a daily deduction for meals and incidental expenses on the days you are away from home overnight for work. There are specific rules about which days qualify and how the rate is applied. We track your time on the road and apply per diem correctly so you get the full deduction without creating audit risk.
Do you work from settlement statements?
Yes. We use your settlement statements to record income and the deductions taken out of it accurately. If you work with a factoring company, we account for that as well.
Can you help with IFTA fuel tax records?
Yes. We keep the mileage and fuel records you need to support IFTA reporting organized throughout the year, so the information is ready when it is due.
Do you work with single owner-operators or only fleets?
Both. We work with single-truck owner-operators and small trucking companies. The bookkeeping is built around how you run, whether that is one truck or several.
