Owner-operators and small fleet owners have tax rules that don’t apply to most businesses: per diem for time on the road, heavy vehicle use tax, fuel tax reporting, and truck purchases that can swing your tax bill by thousands. Epsilon Accounting Solutions helps drivers and small fleets keep good records and keep more of what they earn.
Where We Help Most
- Per diem deductions for days away from home, following the special rules for transportation workers.
- Truck and trailer purchases planned with depreciation and cash flow in mind.
- Records that support IFTA fuel tax filings and Form 2290 heavy vehicle use tax.
- Quarterly estimated taxes based on actual miles and revenue.
- Entity and S-Corp planning once income supports it.
Good Records Save More Than Good Deductions
Most deductions in trucking come down to documentation: logs for per diem, receipts for fuel and maintenance, and mileage by state. We set up a simple routine for keeping those records so every deduction holds up, and so quarterly and annual filings don’t turn into a scramble.
What Working With Us Looks Like
Most trucking clients send documents through our secure portal and hear from us once a month with clean reports and any questions. Before key deadlines we check in on estimated taxes and planning moves, so tax season is a review of work already done rather than a rush to catch up.
What We Provide
- Monthly bookkeeping and financial statements
- Business tax preparation
- S-Corp formation and tax planning
- Payroll services
- Part-time CFO guidance for growth decisions
We work with trucking owner-operators in Edmond, Oklahoma City, and across Oklahoma, and serve clients in other states virtually. See the other industries we serve.
Let’s look at your numbers together. Call (405) 458-8949 or schedule a consultation.