Transport and Logistics

IBISS & Co. provides a wide range of accountancy and tax services to individuals and companies involved in Transport and Logistics (air, sea and road), as well as the freight and courier industry. We have solid experience in working with the government and public sector on issues surrounding transport procurement, funding and delivery.

These issues include, but are not limited to deciding whether to sub-contract services or not, coping with third-party reliance and the associated risks, investing in vehicles and business premises, handling capital, larger purchases, upfront payments and cash flow, mitigating against tight margins and standing up to aggressive competition and the lack of restrictions on anyone setting up a freight-forwarding business.

International operations may also involve additional issues surrounding exchange rate fluctuations, time zones, language barriers and cultural differences.

Our services in this sector include basic audits, VAT and subcontracting matters, as well as dealing with excise duties and international trading, and working with foreign currencies and protocols. We can also help with the following key accounting and taxation areas:

Accounting

Job costing and accruals
Timing of income recognition
Accrual of costs not invoiced yet
Provision of payments in advance
Treatment of fixed assets
Foreign currency disclosure
Complicated management information systems

Tax implications

VAT bonds and excise duties
Direct staff or sub-contract labour
Travel and subsistence
Annual investment allowances
Capital allowances on plant and vehicles
Long-term tax planning

Get In Touch!

We can look after all your Transport and Logistics firm’s accountancy and tax matters. To find out more about how our professional teams and expert services work, simply complete the enquiry form on this page and tell us about your business and its financial requirements. We will reply to you as quickly as possible to arrange your free, no-obligation initial consultation.