Truck drivers are constantly on the go during the course of their work. 
Expenses are racked up and given the nature of the work, having someone who can manage your expenses and ensure everything is reviewed to ensure you pay the minimum required for tax is essential.
Sun Accounting and Tax Services are here to help drivers navigate the maze of issues related to the nature of the business and ensure your finances are arranged and your taxes are managed properly so you keep your hard-earned money in your pocket. We also assist with tax and financial planning for yourself and your family for the future.
We offer the following services for Trucking companies and truckers:
Accounting for Small or Medium Size Trucking Company
Our monthly bookkeeping activities are centred around the goal of keeping your business profitable and debt-free. We analyze settlement statements, prepare P&Ls, estimate tax and ensure you understand your financial situation at all times.
Accounting and Tax Services for Owner/Operators
There are differences in deductions between truck drivers and long-haul truckers. Knowing what deductions you can take can save you a lot of money and headaches. Sun Accounting & Tax Services have the experience in the industry to maximize your tax deductions and ensure your books are done properly. We can help save you time and money and ensure your financial future is bright.
Tax filing for truck drivers
There are specific tax deductions that incorporated truckers can make and deductions that long-haul truck drivers are allowed and it can become difficult to manage. For example, as a trucker you are eligible to claim 50% of meals and beverages, but as a long-haul trucker, you are eligible for an 80% of $17 to $23 per meal deduction (retroactive to January 1, 2020) for these expenses during elible travel periods. Long-haul truck drivers are also able to claim lodging and shower expenditures. This is just one example. We can help you make the most of your expenses. Sun Accounting & Tax Services are here to make your tax filing easier and to ensure you receive the deductions you are entitled to.
GST/HST Filing
At Sun Accounting & Tax Services, we understand the rules for filing and collecting GST/HST. We can make sure your GST/HST filing is done accurately and on time.
Payroll and Payroll Remittance Filing
Spend your time running your business by automating your payroll processes. We can manage your payroll process accurately and ensure it runs smoothly.
We will set up your payroll process, ensure compliance by deducting the correct amounts and manage remittances the proper way. We take care of the paperwork and the T4 slips.
Year-End
Sun Accounting & Tax Services ensure your tax returns are prepared, filed and you have copies. We will also work with the CRA on your behalf.
Safety and Compliance
- Safety Plan and Training program
- Asset Management (Tractor and Trailer)
- Tractor and Trailer Maintenance records
- Driver File
- Logbook review
- HOS review
- Claims
- Insurance Audits
- CTPAT
- Iron Apple HAACP Certification
- Safety and Health Program
- IFTA Tax filing
- Carbon Tax filing
Contact us or call us today at 204-898-4691 to arrange for a free, no-obligation meeting. By working together, we can make your life easier.