Transportation
Serving the transportation industries for over 90 years has allowed us to develop an in-depth understanding of the issues and changes facing the industry. It is this understanding and the reputation that position Peter Shannon & Co. to deliver results to our transportation clients.
Overview
We work closely with our transportation clients to develop effective strategies and apply accounting concepts and financial techniques. Clients benefit from timely advice on the impact of tax laws on their operations.
We can help motor carriers, fleet owners, owner operators, truck repair and services facilities answering the following questions:
- Should I use owner-operator, leased or company-owned equipment?
- How can I determine, analyze and control profitability through use of a formal budgeting process?
- In what states should I be filing income tax returns?
- How can I improve my operating ratio?
- What are the tax and cash-flow consequences of my expansion plan and the best alternative for financing it?
- How can I increase efficiency in my overall operation?
Accounting Services
- Audits, reviews and compilations of financial statements
- Entity and ownership structuring
- Compensation, residency and multi-state planning
- Retirement and benefit plan consulting
Tax Services
- Corporate, partnership and individual income tax preparation & e-file
- Proactive identification of industry-unique tax planning opportunities
- Tax compliance
Consulting Services
- Consulting to help increase profitability and reduce operating costs.
- Selection of industry-specific data processing systems
- Business continuity planning
