Last Mile Delivery: Accounting and Taxes

Last Mile Delivery: Accounting & Taxes

For transportation companies, ensuring drivers that work with them receive accurate and timely settlements is incredibly important. Independent contractor (IC) drivers use their payments to cover expenses for their business, such as fuel and vehicle costs. Firms offering last mile delivery must coordinate with many parties; their customers, driver partners, and numerous vendors. Accounting and tax work both require incredible attention to detail and are very time-sensitive but the work is often rushed as companies juggle their day-to-day tasks.

Delivery Drivers Inc. offers accounting, settlement processing, and tax help to transportation companies. We take the time-consuming work off their schedule, allowing our clients to focus more of their time elsewhere. Our process is streamlined by proprietary technology, adding increased transparency to all the parties involved.

Our accounting team works with transportation companies to create an optimized process to facilitate accurate and timely settlements with minimal work for our customers. We can integrate with multiple software companies via API to create an automated invoicing process. Another option is to upload a custom report we’ll create for processing, eliminating the need for error-prone and time-consuming data entry. DDI also has daily pay for drivers coming soon! Stay tuned to our blog for more updates.

To assist with taxes, we offer flexible reporting capabilities to provide itemized profit and loss statements for any time period. Driver partners have the option to opt into tax withholdings when they enroll to help prevent unexpected, large tax bills at the end of the year. Every January when we distribute 1099s, driver partners are given access to a discount through our partnership with H&R Block, who will help them minimize their tax liability.

To learn more about DDI’s accounting and tax services, please reach out to us at 949-398-0489 or sales@ddiwork.com.