Transportation accounting
Transportation has been a key practice area of ours since 1971.
Minnesota Transportation Accounting Services.
What’s driving your business?
It should be efficiency, employee retention and profit, but too often it is competition, revolving training and cash flow. You should have an advisor on your side to take a tax efficient, proactive approach to managing the top and bottom line and everything in between.
Whether it’s negotiating fuel surcharges or dealing with leasing sales tax and fleet maintenance, Smith Schafer has the experience and understanding of the transportation industry to make a lasting positive difference in your future success. Our Transportation Group, comprised of numerous professionals, is committed to serving over 110 Minnesota transportation entities.
We understand the industry and what keeps you up at night
Managing a Fleet
Driver Safety
Labor Issues
Internal Controls
Cash Flow & Forecasting
Mergers & Acquisitions
specialized transportation industry services
- Financial Statement Preparation & Review
- Accounting Services
- Cost Segregation Studies
- Proactive Tax Planning
- Entity Structuring
- Employee Benefits Consulting
- Bookkeeping & Payroll
- Mergers & Acquisitions
- Business Succession Planning
- Estate & Succession Planning
- Multistate Tax Consulting
- State and Local Income/Sales Tax
- Risk Assessments & Internal Controls Review
- Projections & Other Financial Analysis
- Health Reform Advisory
- Budgeting & Cash Flow Analysis
- Technology Consulting
- Wealth Management
- Insurance Coverage Analysis
- Audit & Attest
Partner with an experienced team of CPAs to help you create saving opportunities both now and in the future.
Contact us today to schedule a consultation about your Transportation business.
Our Client Survey Results
Average NPS score in the accounting industry – 38%
- Net Promoter Score 83.9%
- Understanding of Client Needs 92%
- Delivers High-quality, Error-free Work 94%
INDUSTRY INVOLVEMENT
Smith Schafer professionals have serviced and made a strong
Why Transportation Clients Choose Us
Transportation Industry Resources
2023 Transportation Industry Tax Tips and Update
As we pass the halfway point of 2023, it is time to consider how law changes will affect your business in the year-end to come and what items have changed from the previous year.
5 Lease Accounting Guidelines for the Transportation Industry
These new rules will significantly impact the financial statements of transportation companies leasing real property, equipment, vehicles, and any other fixed assets. Here are five ways the new lease rules may affect transportation companies.
School Bus Companies: IRS Audits and Fuel Tax Credit Q & A
Over the past 45 years, we have dealt with several IRS audits involving the fuel tax credit claimed by our bus company clients.
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Our client satisfaction is exceptional, as demonstrated by our 96.4% satisfaction rate.