Transport and logistics specialists

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Frequently Asked Questions

We understand that you might have lots of questions when looking for an accountant. For this reason, we have compiled a list of frequently asked questions for you, which we hope will be helpful. However, if you have any further questions, please contact us.

Why is accounting important in the transportation industry?

You are probably aware of the crucial role that haulage and freight businesses play in the international supply chain. It’s a lot of work to transport goods across the country (or across international borders).
As a result, maintaining accurate financial records is essential. You can produce better predictions and preparations for your business in general if you have access to reliable information. This will provide you a clear view of your company’s short-term and long-term financial stability.

Can my Transport/Logistics company claim Research & Development (R&D) tax relief?

The following are some sector specific examples of projects that may qualify for R&D tax relief:
– Investing in new technology like online booking systems, tracking systems, seat booking systems etc
– Developing and implementing innovative processes such as improved fleet management
– Funding research and development of environmentally friendly technology, such as those that reduce and monitor emissions
– Linking previously unrelated technologies in new ways to facilitate data exchange between devices and systems

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