Best all-in-one accounting software for trucking companies
All-in-one finance platform for accounting, bookkeeping, taxes and payroll for trucking companies
Why trucking business owners love mesha
Hours saved on accounting, bookkeeping and financial admin tasks
saved on bookkeeping and tax fees
accurate financial insights
Financial powerhouse for your trucking company
Intelligent accounting software for modern trucking businesses
Supercharge your trucking business growth and close your books 3X faster
Expert bookkeeping tailored to your trucking business needs
Operating a trucking business presents distinct financial intricacies. Our expert accounting, bookkeeping and tax offerings are customized to address the specific needs of your trucking company. Whether you're a small carrier or a large logistics firm, we comprehend the nuances of trucking finances and are well-prepared to manage them effectively.
Trusted tax management and filing for trucking companies
Tax Management Software
  • Automated tax calculation for sales, payroll and federal
  • Reminders on taxes and compliance filing
  • Tax ready reports with P&L, expenses and balance sheets
Tax Prep and Filing
  • Instant access to top tax consultants for trucking companies
  • Proficient counsel on trucking industry specific tax frameworks and tax-efficient strategies
  • Minimizing tax liabilities and maximizing deductions
  • Stay up to date on dynamic tax laws and regulations impacting the trucking industry

Tax related FAQs for trucking companies

What tax deductions are available for trucking businesses?

Trucking businesses can leverage a range of valuable tax deductions to lower their overall tax liability. These deductions include, mileage deductions, fuel costs, vehicle maintenance, and depreciation. By understanding and effectively utilizing these deductions, trucking companies can optimize their financial management and increase their profitability.

Per diem expenses for truck drivers' meals and lodging are subject to specific tax rules.

  • Properly document these expenses to support your tax claims.

  • Ensure compliance with IRS regulations to avoid potential issues during audits.

  • Consult a tax expert for guidance on handling per diem expenses efficiently for tax purposes.

Trucking companies that embrace environmentally-friendly practices, like adopting eco-friendly vehicles, may qualify for tax credits and incentives. For instance, they might benefit from the Alternative Fuel Tax Credit or the Federal Excise Tax Credit for certain alternative fuels. Additionally, state-specific incentives, such as reduced registration fees or income tax credits, can further reward green initiatives, making it financially advantageous for trucking businesses to reduce their carbon footprint. It's important to research and leverage these opportunities for a greener and more tax-efficient operation.

Operating in multiple states entails compliance with diverse state tax laws

  • Understand apportionment rules to allocate income across jurisdictions accurately.

  • State-specific requirements for registration, reporting, and filing must be adhered to.

  • Consulting a tax professional experienced in interstate operations is advisable to ensure compliance and minimize tax liabilities.

Avoid tax audits by maintaining accurate records, proper reporting, and adhering to IRS guidelines for trucking businesses.

The IRS mandates electronic filing for specific tax forms, including those relevant to trucking businesses.

  • Compliance involves using authorized software or a tax professional to submit accurate electronic filings.

  • Timely filing, proper data validation, and electronic signatures are essential for compliance.

  • Regularly monitor IRS updates and guidelines to stay informed about electronic filing requirements.

Making payroll painless for trucking companies

Our comprehensive payroll features help make payroll management super simple.

Stay compliant with mesha
  • Off Cycle payroll and flexible payment schedules

  • Next day direct deposit

  • Payroll Deductions and Garnishments

  • Overtime and reimbursement calculations

  • Payroll and taxes across multiple states

  • Payroll for FTEs, contractors and freelancers

Payroll taxes and compliance

We take care of taxes and compliance to adhere to the local regulations and government declarations.

Stay compliant with mesha
  • Automated tax calculation

  • Tax filing and reporting

  • Tax codes and regulation updates

  • Multi jurisdiction compliance

  • Tax liability tracking

  • Work Classification Compliance

  • SUI Reporting

  • Wage Garnishments and Deductions

Want to start a trucking business, but don’t know how to go about it?
Build a foundation of financial success with mesha