Category Archives: Accounting

Schedule Consultation


Why Health Care Accounting is Different

The Centers for Medicare and Medicaid Services (CMS) reports that total U.S. health care spending now exceeds $4 trillion per year. Health and medicine are hyper-competitive, highly-regulated industries. All health companies and medical practices must have the right accounting process in place. While accounting is important for every type of business, healthcare companies face some …

Read More

Accounting, Bookkeeping, Tax Preparation, Tax Resolution

Heavy Highway Vehicle Tax

Owning and operating a successful trucking company can be challenging—particularly in today’s hyper-competitive market. It is crucial that your business complies with all federal and state tax regulations, including the Heavy Highway Vehicle Tax.  At Williams Accounting & Consulting, we specialize in helping truck company owners navigate complex tax matters. In this article, our trucking …

Read More

Accounting, Bookkeeping, Business Consulting, Tax Preparation

Measuring True Expenses of Operating a Trucking Business

With record high demand expected over the next several years, trucking can be a lucrative industry for qualified entrepreneurs. At the same time. trucking is a complex, highly regulated industry. One of the biggest challenges that truck company owners and operators face is navigating tax issues. It is crucial that you accurately measure (and record) …

Read More


Debt vs. Equity Financing: Which is Better for Your Business?

Building and growing a successful business is never easy. You may need an infusion of outside capital to start or expand your operations. There are two main ways that businesses raise money:  Debt financing; and Equity financing.  There are advantages and disadvantages to each option. Which one is better for a business depends on many …

Read More

Accounting, Tax Resolution

What Triggers an Audit from The IRS?

There are few things more stressful and frustrating than finding out that you are facing a federal tax audit. As unnerving as it can be, it is important to remember that an audit does not mean that you did anything wrong. The Internal Revenue Service (IRS) defines a tax audit as a “review/examination of an …

Read More


How Much is the Heavy Highway Vehicle Tax?

Do you own and operate your own trucking company? If so, it is crucial that you have the proper accounting system in place to protect your financial interests. Running a trucking company can be complicated—especially when it comes to tax matters. The Heavy Highway Vehicle Use Tax is one of the most important taxes that …

Read More

Accounting, Bookkeeping, Payroll

Why Doctors Need Accountants

Doctors have a lot on their plate—even more so when they own and operate their own medical practice. After a long day of work, the last thing that most physicians want to do is spend time sorting out the financial books for their business. Of course, proper bookkeeping and accounting is absolutely essential to the …

Read More

Accounting, Bookkeeping

What Can Owner Operators Write Off?

An owner-operator is a truck driver who owns their own business. For owner-operators, building a budget is critically important. You need to make sure that your business accounting is done properly so that you are in the best position to take advantage of all available tax deductions.  This raises an important question: What can owner-operators …

Read More

Accounting, Business Consulting, Tax Preparation, Tax Resolution

How to Build a Budget as an Owner-Operator

Trucking is one of the most important industries in the country. According to data published by the United States Census Bureau, there are more than 700,000 trucking businesses nationwide. Independent owner-operators make up a significant portion of truckers. It can be an excellent business opportunity. A 2019 report from found that the average owner-operator …

Read More
decrotive photo of levels
Photo of attorney Donald Williams

Are you ready to work with us?

Let’s Talk!