0203 808 0999   tax@ibissandco.com   188 Mitcham Road Tooting London SW17 9NJ

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.

Next Step:

Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.

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