Looking for a bookkeeper and accountant for your taxi business? We take care of your books, so you can concentrate on the road ahead. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your taxi business? We take care of your books, so you can concentrate on the road ahead. Try us for free.
Our team invests the necessary time to understand the intricacies of your taxi business, address your queries, assist you in linking your accounts, and guide you on how Accracy can streamline your bookkeeping tasks.
Every month, your dedicated bookkeeper organizes the financial transactions related to your taxi driving business and prepares detailed financial statements. If they require any further information from you, they will promptly reach out.
Every month, your dedicated bookkeeper organizes the financial transactions related to your taxi driving business and prepares detailed financial statements. If they require any further information from you, they will promptly reach out.
We'll consistently provide you with bookkeeping updates tailored for taxi drivers. Got urgent queries that just can't hold off? Rest assured, we'll respond to you in one business day or less.
Our platform empowers you to automate data inputs from all major providers to dodge common errors. We collaborate with merchants like Gusto, Stripe, TaxiHub, and Square ensuring your finances as a taxi driver are always spot-on.
Say goodbye to the hassle of disorganized receipts and frustrating manual record keeping! we automate information directly from your linked accounts. Get insights from one central dashboard so you can easily understand your taxi business's financial status and make informed decisions on the go.
Driving a taxi involves more than just getting passengers from point A to B. Taxi drivers are also small business owners who face the unique challenge of managing a host of industry-specific financial transactions, record keeping, and tax obligations. For instance, deductions for fuel, car maintenance, insurance, professional memberships and licenses, and various city-specific taxes, to name just a few. These complexities can easily become overwhelming and time-consuming, leaving little time to focus on the real business: driving.
Accracy Accounting has the bookkeeping solution aptly suited for these unique needs. Through our innovative pairing of user-friendly software with real, human bookkeepers, Accracy offers comprehensive online bookkeeping service. Our dedicated team of experts is not only trained to tackle industry-specific taxes and laws, they also understand the nitty-gritties distinctive to taxi driving such as accurately tracking expenses and recording daily cash and credit sales. Accracy also simplifies end of year tax filing, providing accurate year-end financial statements, down to the last deductible expense. Not stopping there, we'll also connect you with a tax professional who is familiar with your industry to make tax season as stress-free as possible. With Accracy, taxi drivers can focus on their driving business, while we take care of the books.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As a taxi driver, you are eligible to claim a wide range of expenses as tax deductions. These include:
Remember to keep good records of all your expenses for when you preparing your tax return or in case of an audit. It's also important to consult with a professional accountant or tax advisor to ensure you're claiming all the eligible deductions.
Ride-hail drivers often work with multiple platforms such as Uber, Lyft, and others. To effectively manage your bookkeeping, you should consider these steps:
<ol><li>Distinguish Your Earnings: Make sure to separate your incomes from the different platforms. This will help maintain an organized record and make it easier to track your earnings.</li><li>Track Expenses: Keep track of all your expenses related to your ride-hailing job. This includes gas, maintenance, insurance, cleaning, and other costs. Remember to keep all receipts for documentation.</li><li>Use a Consistent System: Consider using a bookkeeping software or hire a professional bookkeeper to ensure consistency and accuracy in tracking your earnings and expenses.</li></ol>
At Accracy Accounting, we have professional bookkeepers that can help streamline your bookkeeping process, making it easier and more efficient for you to keep track of your earnings from different ride-hail platforms.
The best accounting method for income from driving or taxi services is typically the 'cash' accounting method. This approach allows businesses to record income when it is actually received, rather than when it is earned. This method is simple and straightforward, making it excellent for small businesses like taxi services where transactions are usually uncomplicated and occur regularly. Please note that while this method works for many, it's crucial to speak with a professional accountant to understand the best accounting method suited for your specific situation.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership