Transportation

The transportation industry is made up of some of the hardest working people in the country. To be successful, they also need to be smart about how they navigate the complexities inherent in the industry. This includes federal, multi-state, and local tax compliance, rolling stock accounting and planning, weight mileage tax, and new laws and regulations that affect the field. 

Trucking companies must also grapple with decisions all businesses do, including when and whether to sell or acquire another business, succession planning, and estate planning. 

With more than 30 years of experience working with transportation companies, Kernutt Stokes is well-equipped to provide the data and insight needed to help owners make good decisions in the trucking industry for their business now and into the future.

Kernutt Stokes is a proud member of the Oregon Trucking Association and the Washington Trucking Association, and we are an annual sponsor of the Oregon Trucking Association. 

If you’re looking for an accounting and consulting partner that will work as hard as you do to help keep your fleet moving forward, we’d love to hear from you.

Services

Learn more about our other services for the transportation industry.

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Meet Our Transportation Team

Kimberly Pepion, CPA, Partner
“I have been around the transportation industry my entire life. My grandfather, father, and uncle are all in trucking as drivers or as an owner of a trucking company. I got into accounting so I could provide the most value to an industry for which I am so passionate.”
- Kimberly Pepion, CPA, Partner

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Information and Resources

1099 & Year-End Reporting/Compliance Requirements for 2024 and What’s Changing in 2025

by Kernutt Stokes |
What you should know about 1099 changes for 2025, as well as year-end reporting and compliance requirements if you have employees.
IRS employee retention credit

Employee Retention Credit | IRS Sharply Increases Compliance Action Through Taxpayer Audits

by Kernutt Stokes |
To combat a wave of frivolous employee retention credit (ERC) claims, the IRS has sharply increased compliance action through audits and criminal investigations, with more activity planned in the future. In this heightened enforcement environment, employers are advised to act swiftly when responding to IRS notices regarding ERC claims.
fraud prevention

4 Ways Accounting Practices Aid in Fraud Prevention

by Charlotte Kreitlow |
Fraudulent activities come in many forms, often exploiting weaknesses in internal controls and processes. According to the Association of Certified Fraud Examiners (ACFE), businesses lose an estimated 5% of their annual revenues to fraud each year. This staggering statistic underscores the urgency for businesses to implement proactive measures to deter, detect, and mitigate fraud. In this blog, I’ll share four ways your accounting practices can help in fraud prevention.
fraud prevention

Fraud Prevention | Safeguarding Your Business

by Charlotte Kreitlow |
In the intricate web of commerce, businesses are vulnerable to various risks, with fraud being one of the most insidious threats. From embezzlement to financial misstatement manipulation, to asset misappropriation, fraudulent activities can cause irreparable damage to a company's financial health and reputation. In the face of such risks, a robust fraud prevention framework is indispensable, and well designed and implemented accounting practices play a pivotal role in fortifying the defenses of businesses against fraudulent activities.
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