Towing and roadside calls
Understand the revenue collected alongside driver time, mileage, fuel, maintenance and the cost of keeping equipment available.
Towing and recovery companies
CPA and Accounting Services for Towing Companies
A towing company can be busy without knowing which trucks, calls or customer relationships are paying their way. Langley CPA helps owners connect towing, recovery and storage activity to monthly financial results, cash requirements and equipment decisions.
We provide tax planning, monthly bookkeeping and compilation, and fractional CFO advisory for operators who need a clearer financial picture.
Operating questions
Different work can have different economics
Heavy duty recovery
Evaluate specialized equipment, crew requirements, downtime, financing and utilization. A large invoice alone does not establish the return on a major wrecker investment.
Storage and impound operations
Organize authorized charges, occupancy, releases, collections and yard costs. Billing and recognition must reflect the applicable agreements and rules; more days in storage do not automatically mean more collectible revenue.
Commercial, insurer, motor club and public sector work
Compare the service requirements, payment timing and cost to serve each relevant relationship, rather than treating every tow as financially identical.
Accounting, tax and financial guidance
What we help bring together
An accurate operating fleet register
Keep company owned trucks and equipment distinct from customer vehicles in custody, with purchases, financing and disposals recorded appropriately.
Current loan and lease information
Understand balances, payment commitments and upcoming maturities across the fleet.
A consistent monthly close
Reconcile agreed accounts, resolve questions and prepare financial reporting management can use.
Receivable and cash visibility
See what has been billed, what has been collected and what needs follow up before cash becomes tight.
Truck and service line economics
Evaluate utilization, repair patterns, direct costs and an appropriate share of overhead using available operating records.
Tax planning before purchases
Consider equipment, business use, disposals, earnings and cash needs before making a purchase primarily for a deduction.
Three recurring services
How Langley CPA can support the business
Annual Tax Planning & Compliance covers the agreed projections, planning and returns. Monthly Bookkeeping & Compilation supports the accounting foundation and compilation statements when included. Fractional CFO Advisory focuses on forecasts, financing, pricing economics, fleet replacement and growth decisions.
Each recurring service is a 12 month renewable engagement. Significant cleanup, acquisitions, system changes or other nonrecurring work are separately evaluated as Special Projects.
Annual Tax Planning & Compliance
Plan business taxes before deadlines and prepare the business returns included in the engagement. Langley CPA helps owners organize obligations, evaluate likely tax consequences, and plan before transactions close or the calendar reaches year end.
Monthly Bookkeeping & Compilation
Keep the books current each month and prepare useful financial statements for owners, lenders, and tax planning where included. A compilation uses management’s records to prepare financial statements. It is not an audit or review and does not provide assurance.
Fractional CFO Advisory
Senior financial guidance for businesses that need forecasting, cash flow management, performance analysis, and decision support, but do not need a full time CFO. Langley CPA helps owners understand cash flow, evaluate performance, prepare for financing, and test growth and capital decisions.
Work defined around your business.
Each recurring service is a 12 month renewable engagement. Responsibilities and deliverables are agreed in writing. Compilation statements provide no assurance and do not guarantee lender acceptance.
Frequently asked questions
Questions about working together.
Can you help us compare light duty and heavy duty operations?
Yes, where records support a meaningful comparison. We consider equipment investment, labor, utilization, operating costs, collections and cash requirements, not just revenue per call.
Can you help with storage lot or property decisions?
We can evaluate the financial and tax implications and distinguish property from fleet equipment in the records. Legal structure, permitted charges, liens, releases and property transfers require appropriate legal and regulatory advice.
Can you prepare financial statements for our bank?
We can discuss the required reporting and the appropriate engagement. Compilations provide no assurance and must meet the lender's requirements for the purpose; financing is not guaranteed.
Do you set towing rates or advise on towing law compliance?
We can analyze costs and financial tradeoffs. The business and its legal advisers determine which charges, practices and contracts are permitted in each jurisdiction.
A practical next step
Make the next truck decision with better numbers.
Tell us about your towing operation, reporting needs or planned expansion.