08/29/2026
Trucking Taxes Explained: Write-Offs, Audits and Accounting Tips
This 40-minute conversation could save trucking companies, owner operators, and fleet owners hundreds — if not thousands — of dollars in accounting fees, tax mistakes, and bad business decisions.
In this episode, Ronen sits down with Matthew from M7 Group, a tax and accounting firm that specializes in the trucking industry and works with clients across Canada and the United States.
They discuss some of the biggest financial questions in trucking, including the most profitable types of trucking, how to properly purchase your next semi truck, when it makes sense to scale your fleet, and which business expenses can legitimately be written off during tax season.
They also cover how trucking business owners can properly employ a spouse or children through a corporation, and what companies should know before facing a CRA or IRS audit.
🚛 In this video we cover:
Trucking tax and accounting mistakes
The most profitable types of trucking
How to properly purchase a semi truck
When it makes sense to scale your fleet
Legitimate trucking business write-offs
Employing your spouse or children through your corporation
CRA and IRS audit preparation
Accounting advice for company drivers, owner operators, and fleets
Whether you are a company driver, buying your first truck, running as an owner operator, or growing a small fleet, understanding your numbers, taxes, write-offs, and business structure can make a huge difference.
What’s the biggest tax or accounting question you have as a trucking business owner?