Pretax Accounting Service for Taxis is based on a thorough knowledge of the business

The taxi business is unusual, so unusual knowledge and skills are required of an accounting firm. Taxi fares are determined by law, so the gross margin is formed out of the kilometres driven. A bookkeeper must also have a knowledge of motorcar tax, the ins and outs of taxi licences, and much more besides.

"A taxi entrepreneur needs different columns for reports than, say, a chemist or owner of a bakery. It is a great help for an entrepreneur in this field if an accounting firm understands the industry's own special nature," says Alex Vienne, a taxi entrepreneur and long-term subscriber to Pretax services. "Customized reporting for the taxi business helps in seeing where income and costs are really generated. With internal comparison reporting you can see easily where your own firm is going compared with others," says Vienne in praise.

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