Keeping records and expense receipts while on the road is a daunting task. Reconcilling bank accounts, figuring out forms and preparing for your taxes adds to the stress and takes away precious time when you need to be resting and enjoying your down time. We provide peace of mind with one-on-one services of a professional CPA taking care of the day-to-day bookkeeping, document retention, tax preparation and filing. Hand us these responsibilities so you can focus on driving and managing your business.
Keep your eyes on the road and enjoy your time off without worrying about the paperwork. Here are ALL the services you will receive when you enroll with Njiru CPA. ALL for a low monthly fee. You cant beat that.
Record Keeping: Drivers are busy on the road and keeping expense receipts is a daunting task. Lost receipts could mean higher taxes. That is why we take over the responsibility to make sure all your expenses have been accounted for and deducted fully.
QuickBooks Online Account: Drivers and Owner Operators will receive and have access to their Quick Books Online account that we will setup for them at no additional charge. This will enable them to have access to any of the reports they need as well as see how we are managing their account. This will give our clients the confidence that they are receiving the services they paid for.
Business Tax Return(s): Whether this is for an LLC or Schedule C, we will handle it for you. We will already have your income and expense records and bank statements to file your tax returns. Returns included in this package are:
- Federal Tax returns (Sch C, 1120, 1120s, 1065)
- State Tax Returns.
- Local Tax jurisdiction tax returns.
Personal Tax Return(s): Included with this package is your personal tax return. Whether you are filing Single, Head of Household or Married Filing Jointly (MFJ or Separately (MFS), we will handle it all for you. Returns covered in this package include:
- Federal Tax Returns (1040).
- State Tax Returns.
- Local jurisdiction tax returns.
Audit Protection: The IRS can audit anyone for whatever reason. Should this happen to you, no worries. We will handle this for you. We are licensed to represent taxpayers to the IRS. We will work with the IRS on your behalf to respond to any requests the IRS may have, leaving you to continue working uninterrupted.
Bank Reconcilliation: While the bank accounts will updated on a weekly basis to our accounting software, we will also reconcille your bank accounts and credit card accounts and send you a report to show you where your money is being spent on. This also ensures any anauthorized charges to your account are caught on time so you and your bank can act on time.
1099 Reporting: We will issue you and your drivers their 1099 for the end of the year and file the 1099 with the IRS. No more calls from drivers asking for their 1099 or potential fines of $500 per 1099 issued late to the drivers. And since we are already doing your book keeping, we already know how much to issue to the drivers.
Estimated tax payments: One of the main reasons Owner Operators and drivers on 1099 get in trouble with the IRS is because they do not make the quarterly estimated tax payments, and the reason they do not do so is because they do not know how much to pay. With our book keeping services, we will know how much estimated tax payments you need to make if any and we will even make the payments for you. No need to worry on where and how to make the payments.
Business Registration: A driver or owner operator may decide to register a company instead of running under a dba or under their own name. We will register the company for you, help you determine what business setup is best for your operations (LLC, C-Corp, S-Corp, Partnership, etc) and one with the best tax advantages.
2290 & IFTA Filing and Payments: We will file and pay your annual Heavy Highway Vehicle Use Tax return as well as your Quarterly IFTA filling and payments. No need to worry about calculating and meeting the deadlines. We will take care of that for you.
Payroll Processing: This includes weekly, B-Weekly or monthly payroll processing for upto 5 drivers or employees on either W2 0r 1099. We provide direct deposits for your drivers or employees and file all the quarterly payroll tax forms. We will also issue the drivers with their W2 or 1099 at the end of the year.
Retirement Planning: We will work with you to determine the best retirement account (401K, IRS, SEP IRA, etc) for yourself and your business. We will help you set it up and manage it to achive the maximum tax benefits. Along with the tax savings that come with such an account, you will begin to put away a nest egg for your future.
Equipment Financing: As your business grows, you may need to purchase additional equipment. Lenders will usually ask for Financial documents to underwrite the purchases. We will work with you and help put together the Financal documents needed by the lenders to help you secure the funding. you need.
Employee Benefits Program: We will help you set up and manage employee benefit programs like Health Insurance, Workers Comp, ST/LT Disability Insurance, 401K, PTO and and other employee benefits you may have available for your employees.
Tax Matters Representation: In the case you need to reach out or respond to an IRS Notice or to a State or Local tax authority, we will do so on your behalf. Do you have any unfiled prior year(s) taxes? We will take care of that too for you. (Additional fees for prior year(s) taxes) We know you are busy running your business. We are here for you.