RogerRossmeisl

JULY 30, 2021

Transportation and meals The actual costs of travel. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025. However, self-employed individuals can continue to deduct business expenses, including away-from-home travel expenses. The post Traveling for Business Again?

tax return 246

tax return Transportation CPA Tax 246

RogerRossmeisl

DECEMBER 27, 2021

Potential problems Suppose your company employs an overseas trucking company to transport goods from a port to a customer’s warehouse. Whether deliberate or unintentional, a third party’s actions can cost you money and harm your company’s reputation — particularly if they violate laws and regulations. Here’s how to contain possible threats.

Transportation 233

Transportation CPA 233

Anders CPA

SEPTEMBER 16, 2024

The transportation industry has endured a lot in these past few years, but a wise colleague of mine once said, “Prepare to endure, endure. Schedule a Virtual CFO Consultation The post Annual Planning for Transportation and Logistics Businesses: Prepare to Thrive in 2025 appeared first on Anders CPA. Prepare to thrive, thrive.”

Transportation 64

Transportation Tax accounting and finance tax planning 64

Anders CPA

APRIL 1, 2024

Every industry goes through down cycles, transportation and logistics included: After the pandemic freight boom, we’ve seen gas prices rise, drivers quit, and operators go out of business. Check Hiring and Retention Numbers Drivers are the bread and butter of a transportation business. Do you know your retention rates?

Transportation 64

Transportation Start-ups CPA Account 64

RogerRossmeisl

NOVEMBER 8, 2023

Certain industries — for example, construction, real estate, manufacturing and transportation — are usually more vulnerable to employee theft, according to the Association of Certified Fraud Examiners (ACFE). Occupational fraud risk isn’t necessarily shared evenly by all business sectors.

Real Estate 206

Real Estate Construction payroll Transportation 206

SMBAccountant

JANUARY 5, 2024

Integration streamlines data transport and can ensure accurate reconciliations between software systems. Find dashboards and tutorials that are user-friendly. Integration Ask if the software works well with your business's e-commerce, CRM, and payroll systems.

accounting software 246

accounting software Account accountant accounted 246

Anders CPA

JULY 15, 2024

How does a buyer judge your transportation business? If you need any help preparing your business for sale, our virtual CFO services for transportation and logistics businesses may help. A forthcoming seller earns a lot of trust: They show their cards so the buyer doesn’t wonder what else they are hiding.

Transportation 59

Transportation Sales CPA 59

Anders CPA

JUNE 10, 2024

In a capital-intensive industry like transportation and logistics, a strong relationship with your financial institution can improve your bottom line by generating thousands of dollars of profit or enabling you to negotiate a better interest rate or a higher line of credit. The cleaner the financials, the better the interest rate.

Transportation 59

Transportation accounting principles accounting and finance financial statements 59

Anders CPA

FEBRUARY 28, 2024

Accounting software is exceptionally important for transportation businesses and owner-operators alike, but it’s not going to solve every problem. Fuel costs alone were a huge part of that increase in operating expenses for transportation. For many trucking or other transportation companies, 10% is about 2 months’ worth of expenses.

Transportation 59

Transportation Account accountant accounted 59

Anders CPA

AUGUST 19, 2024

The two big groups of expenses are purchased transportation and operating expenses, and each can be subdivided into several more categories. How much is typically spent on purchased transportation? Transportation moves fast. If you have a line of credit or a loan, you’ll also want to account for the cost of money.

Transportation 52

Transportation bookkeeping financial statements Education 52

RogerRossmeisl

OCTOBER 17, 2020

This is Blog Post #907) Tony Seba is the author of “Clean Disruption of Energy and Transportation – How Silicon Valley Will Make Oil, Nuclear, Natural Gas, Coal, Electric Utilities and Conventional Cars Obsolete by 2030” and “Rethinking Transportation 2020-2030” He.

Technology 132

Technology Transportation CPA Finance 132

TaxConnex

SEPTEMBER 13, 2022

Part of a widespread package of fees designed to funnel part of the money to roads and transportation, SB21-260 ran into a lawsuit soon after passing and has reportedly forced many local merchants to just absorb the cost and caused confusion and scrambling among online retailers shipping into the state.

Colorado 246

Colorado Tax tax return Sales 246

Anders CPA

MAY 13, 2024

What does that look like for a transportation company? Following GAAP is important for all businesses, but for the transportation and logistics industry, it’s a game changer to have clean financials on a monthly basis. I know that plenty of well-run transportation and logistics companies do their bookkeeping in house.

Transportation 52

Transportation accounting principles bookkeeping Gaming 52

CPA Practice

SEPTEMBER 23, 2024

20, provides the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method for the period of Oct. Notice 2024-68 , which the IRS published on Sept. 1, 2024, to Sept. up from $69 and $74, respectively, for 2023-24.

Transportation 135

Transportation Tax 135

TaxConnex

FEBRUARY 18, 2021

Company owned d elivery vehicles are utilized for transporting your product. ( You utilize local contractors to perform services on your behalf such as installation or repair services for customers in a state. T his does not include standard mail delivery services such as UPS, FedEx, USPS , etc. ).

South Dakota 227

South Dakota Sales Transportation Tax 227

RogerRossmeisl

OCTOBER 30, 2023

Taxpayers in the transportation industry can use a special transportation industry rate.) Taxpayers can use these rates to substantiate the amount of expenses for lodging, meals and incidentals when traveling away from home.

Transportation 132

Transportation CPA business tax Tax 132

TaxConnex

JANUARY 11, 2022

In Florida, the purchaser must also have the option of picking the item up or arranging for third-party transportation services on its own. In Maine, shipment must also be directly to the purchaser and the shipment has to be by common or contract carrier or the U.S.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

JULY 30, 2024

Additional complexities: Some shipping terms such as Free on Board, which defines when in a shipped transaction a buyer or seller becomes liable for the goods transported, can complicate situs determination. In some cases, situs for sales tax purposes is actually the loading dock of the sender. Benefit of use can also determine situs.

South Dakota 264

South Dakota Alaska New Hampshire Montana 264

CPA Practice

JULY 10, 2024

For purposes of the Clean Fuel Production Credit, transportation fuel is divided into two broad categories of fuel: sustainable aviation fuel (SAF) and non-SAF transportation fuel.

Transportation 107

Transportation income tax Tax 107

RogerRossmeisl

APRIL 30, 2024

They may also incur expenses for: transportation to get to and from client meetings, professional publications, continuing education and home office. This is especially likely to occur in service partnerships such as an architecture or law firm. What’s the tax treatment of such expenses? Here are the answers.

Entertainment 130

Entertainment Transportation Education CPA 130

CPA Practice

JULY 31, 2024

As the motor vehicle fuel tax is no longer a sustainable or reliable source of revenue, state and local governments need an alternative source of funds for roadways and transportation infrastructure. Nothing has been decided, but the Joint Transportation Committee used a retail delivery fee of 30 cents for the report.

Washington 111

Washington Retail Minnesota Colorado 111

CPA Practice

APRIL 24, 2024

Department of Transportation has issued a final rule that requires airlines to promptly provide passengers with automatic cash refunds when owed. Transportation Secretary Pete Buttigieg. Passengers deserve to get their money back when an airline owes them – without headaches or haggling,” said U.S.

Transportation 118

Transportation Entertainment Government Tax 118

CPA Practice

AUGUST 13, 2024

State budget writers said Friday the 4% surtax on incomes over $1 million managed to generate hundreds of millions more for transportation and education projects than expected during its first full year on the books. By Chris Van Buskirk Boston Herald (TNS) Massachusetts’ voter-approved “millionaires tax” delivered roughly $2.2

Massachusetts 111

Massachusetts Tax Transportation Education 111

Xero

JUNE 17, 2024

This guest blog was written by the team behind transport management app MyTrucking. Through strategic growth and a focus on technology, innovation and efficiency, TGR Transport has expanded to become a primary contractor to major grain traders in Australia. One such family-owned business has been on the tools since 2009.

Transportation 89

Transportation Agriculture Technology Construction 89

CPA Practice

JULY 6, 2023

Leisure and hospitality, trade and transportation, and education and health services showed strong gains. Manufacturing 5.9% – Service-providing: Trade/transportation/utilities 6.3% Still, the market was fragmented, with manufacturing, information, and finance showing declines.

Hospitality 119

Hospitality Transportation Construction Manufacturing 119

CPA Practice

SEPTEMBER 11, 2023

Generally, you can’t deduct these transportation costs. To qualify for transportation deductions, you must be traveling away from your tax home to a business location. To qualify for transportation deductions, you must be traveling away from your tax home to a business location.

Tax 119

Tax Transportation income tax business tax 119

CPA Practice

SEPTEMBER 26, 2023

Notice 2023-68 , which the IRS published on Monday, provides the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method for the period of Oct. 1, 2023, to Sept.

Transportation 116

Transportation Tax 116

PYMNTS

JANUARY 7, 2021

These credentials will become ever-present as people wend their way through airport and public transportation settings, ports and check-in kiosks. In an interview with PYMNTS, Reinhard Hochrieser , vice president of product management at Jumio , said the widespread adoption of vaccine passports is an inexorable trend.

Transportation 144

Transportation Healthcare Government Technology 144

CPA Practice

MAY 4, 2023

The woman was transported to a local hospital where she is reported to be in life-threatening condition. After reports of gunshots, county sheriff’s deputies responded to a residence in the Wedgwood subdivision of Eagle in the pre-dawn hours on Thursday. Rissell founded TSheets in 2006 with partner Brandon Zehm.

Idaho 26

Idaho Hospitality Transportation 26

TaxConnex

NOVEMBER 11, 2021

Tennessee has posted a sales tax letter ruling that an online cloud-based platform’s charges to commercial freight transportation brokers and carriers were not subject to sales tax. Ohio has eliminated its sales and use tax on employment services and employment placement services effective on Oct.

Sales 49

Sales E-commerce Tax Illinois 49

Going Concern

JULY 14, 2022

This is because we’re often at client sites on the outskirts of the city and we can’t travel in and out late in the day – public transport doesn’t run 24/7. Even in really busy periods, we don’t work more than 70 hours a week. We’re never really expected to be online after 11pm.

auditor 118

auditor Transportation audit 118

Withum

FEBRUARY 21, 2022

Federal Courts continue to reject constitutional challenges under the 5th Amendment to Section 7345, passed as part of the “Fixing America’s Surface Transportation Act” in 2015. The law gives the U.S. government the authority to revoke U.S.

Tax 128

Tax Transportation tax services Government 128

CPA Practice

OCTOBER 3, 2024

Manufacturing 4.6% – Service-providing: Trade/transportation/utilities 4.5% Median Change in Annual Pay ( ADP matched person sample ) – Job-Stayers 4.7% – Job-Changers 6.6% Construction 5.1% Information 4.4% Financial activities 4.9% Professional/business services 4.6% Education/health services 5.1%

payroll 110

payroll Hospitality Construction Manufacturing 110

Snyder

SEPTEMBER 23, 2022

More and more small businesses are now relying on freight to transport their goods from one region to another. When it comes to the FOB shipping point, the transport cost and fees are the responsibility of the seller until the products are delivered to the port from where they will be sent to the buyer. What is FOB? Difference #3.

Transportation 98

Transportation Sales Start-ups Legal 98

PYMNTS

MARCH 6, 2020

Faster payments are filtering into the transportation industry as well. The Metropolitan Transportation Authority (MTA) in New York City has announced plans to implement its One Metro New York (OMNY) system into subway systems in the Bronx, which will enable users to use contactless and digital payments to pay for their fares.

New York 121

New York Transportation Technology Sales 121

CPA Practice

JULY 18, 2023

When made by common carrier or the United States Postal Service (USPS), transportation charges are exempt from sales tax if billed as a separate item (identifiable from other charges) and paid (directly or indirectly) by the purchaser. Transportation charges that are included in the sale price are not excluded from tax.

Sales 98

Sales Retail Tax West Virginia 98

CPA Practice

OCTOBER 22, 2024

Qualified transportation fringe benefit: For 2025, the monthly limitation for the qualified transportation fringe benefit and the monthly limitation for qualified parking rises to $325, increasing from $315 in 2024. For married couples filing jointly, the exemption amount increases to $137,000 and begins to phase out at $1,252,700.

Tax 124

Tax tax return Transportation income tax 124