Transportation Accounting and Tax Updates in the COVID-19 Environment
As with all industries, the COVID-19 pandemic has affected the transportation industry in a number of ways. Among the flurry of changes over the past few months, trucking professionals should be aware of the many accounting and tax updates which may impact daily and long-term business operations.
On Aug. 27, Jason Miller, partner, and Troy Hogan, director, of Katz Sapper & Miller’s Transportation Services Group discussed accounting and tax updates in the COVID-19 environment and how they affect the transportation industry during a webinar presentation hosted by the Ohio Trucking Association.Topics discussed during the webinar include:
- New GAAP standards
- Internal control best practices
- How to calculate a transportation company’s deferred taxes
- Strategies to manage deferred tax liabilities
- Tax planning strategies for 2020 and beyond
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