Transportation & Logistics Accounting & Tax Services

Services for Transportation Companies

Audit & Attestation

  • Audit, Review, and Compilation of Financial Statements
  • Agreed-Upon Procedures
  • Employee Benefit Plan (401k) Audits

Tax Planning & Compliance

  • Corporate Tax Planning and Preparation
  • International Tax Planning and Preparation
  • Sales & Use Tax Analysis
  • State and Federal Economic Incentives
  • Business Structure & Entity Planning
  • State and Local Tax (SALT)

Business Advisory

Forensic Accounting

  • Economic Damages/Lost Profits Calculations
  • Expert Testimony
  • Fraud Investigations
  • Asset Tracing

How We Can Assist with Current Transportation Accounting & Tax Issues

Revenue Recognition

Accounting rules now present a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods and services.

How to prepare: Briggs & Veselka is working with companies to advise them on the possible implications of these new accounting regulations and to help suggest possible revisions to corporate policies, borrowing base calculations, financial coverage ratios, and contract structures. Contact Jamie Sylvester at for more details.


New Lease Accounting Regulations

No longer will there be operating and capital leases. New accounting rules will now require all leases to be reflected as a company asset as well as an offsetting liability on your balance sheet. This will primarily have an impact on borrowing base calculations and lending capabilities. For companies with many lease arrangements, it may also create a staffing burden to manage the required supporting documentation.

How to prepare: Briggs & Veselka is already working with companies (and their lenders) to advise them on the possible implications of these new accounting regulations and to help prepare possible revisions to existing covenants or suggest potential modifications to future loan agreements. Contact Jamie Sylvester at for more details



State & Local Tax

States, counties, and parishes often have complex and varying statutes about tax liabilities, which could have impact on local operations and your federal return.

How to prepare: Our transportation practice is attuned to the various taxing regimes along the Gulf Coast and can help companies plan appropriately as operations expand beyond their original nexus. Pre-planning is an effective way to assure the right tax structures result in only the fair share of taxes being paid. Contact John Cooney at for more details.

Special Vessel Registration Benefits for Maritime Operations

Depending on where ships are flagged (US or foreign), regulatory benefits are triggered, including more favorable tax treatments.

How to prepare: Briggs & Veselka tax and audit professionals can advise shipping companies by providing a side-by-side comparison of operations, reporting, accounting, and tax implications of where ships are flagged, allowing management to make more informed decisions. Contact Jamie Sylvester at for more details.

Asset Depreciation

The transportation industry has very specific depreciation schedules with direct impact on tax liabilities. Depending on the asset class (transportation barges, for example, are classified differently than offshore drilling barges), the depreciation schedules might change even under the standard method of depreciating assets known as the Modified Accelerated Cost Recovery System (MACRS).

How to prepare: Briggs & Veselka transportation professionals can complete an independent assessment of your fleet and its current tax depreciation schedules and calculate potential tax savings imbedded within your current depreciation structure. Contact Jamie Sylvester at for more details.

Recovery from Vendors

Oftentimes actual contract delivery and performance varies from the terms of a supplier contract, causing hidden losses. Few shipping or related companies even attempt to reconcile contract non-delivery or underperformance.

How to prepare: Briggs & Veselka professionals can perform audits of actual vs. contracted performance and, depending on the terms of the contract, find cash recoveries for your company. We can proactively examine current contract structures from a performance standpoint to advise you on how to create opportunities for recovery in future contracts. Contact Adam Dimmick at for more details.


Client Testimonial

We rely on Briggs & Veselka for business advice. We don’t make a move to buy new equipment until we talk to them. When it’s a $4 million investment in a barge, Briggs knows the questions to ask us. They’re very candid with us, and that’s what we pay them for.


–Pat Studdert, President
Buffalo Marine, client since the 1980s

Jason Sanders, CPA

Jason Sanders

Tax Department Chair, CPA



Jamie Sylvester

Audit Partner, CPA


bob mcdonald picture

Bob McDonald

Tax Partner, CPA

BIO bob mcdonald VCARDbob mcdonald LINKEDIN icon

Fast Facts

  • One of the few accounting firms on the Gulf Coast with a dedicated maritime practice, offering integrated audit, tax, and consulting services
  • Attuned to the unique cultural, business, and financial reporting needs of the industry
  • Provides services for many U.S. subsidiaries of foreign-owned Parent Companies
  • Active involvement in the Greater Houston Port Bureau, West Gulf Maritime Association, Propeller Club, and the East End Chamber of Commerce
Find All Transportation Industry Services Professionals

    Bob McDonaldTax Partner, CPA 713-353-1905 EDUCATIONB.B.A. in Accounting from the University of HoustonCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionEnergyHealthcareManufacturing & DistributionProfessional ...
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    Brian Jordan Tax Director, CPA, CFE 713-353-1980 EDUCATIONUniversity of AlabamaB.S.B.A.University of Houston - Clear LakeM.B.A.CERTIFICATIONSCertified Public Accountant – TexasCertified ...
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    David Phelps Business Advisory Partner, CPA 713-353-1941 EDUCATIONB.S. in Accounting from the University of HoustonCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESAgricultureConstructionEnergyFinancial ...
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    Jamie Sylvester Audit Partner, CPAjsylvester@bvccpa.com713-353-1931 EDUCATION B.M. from the University of Lethbridge in Canada Graduate of the Northern Alberta Institute ...
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    Jason Sanders Tax Department Chair, CPA 713-667-9147 EDUCATION B.S in Accounting from Nicholls State University in Thibodaux, Louisiana CERTIFICATIONS Certified ...
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    Jeff Mealer State & Local Tax Manager, CPA, JD 713-366-8511 EDUCATIONJD from Texas Tech UniversityMBA in Accounting from Texas ...
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    James "Jim" Herrmann Chief Information OfficerPMP, MPM, LSSGB, ITILjames.herrmann@bvccpa.com713-353-1902 CERTIFICATIONS Project Management Professional (PMI PMP) Master Project Manager (AAPM MPM) ...
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    John Cooney State & Local Tax Partner, CPA 713-353-1903 EDUCATIONB.B.A. in Accounting from Texas Tech UniversityCERTIFICATIONSCertified Public Accountant – ...
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    John Flatowicz Audit Partner, CPA 713-353-1910 EDUCATIONUniversity of NebraskaB.S. in AccountingThe University of TexasMaster in Professional AccountingCERTIFICATIONSCertified PublicAccountant – ...
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    Kevin Hengst Audit Principal, CPA 713-366-8514 EDUCATIONUniversity of Houston Honors CollegeB.B.A. in Business AdministrationCERTIFICATIONSCertified PublicAccountant – TexasINDUSTRIESEnergyRestaurants & HospitalityTransportationSERVICESPrivate ...
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    Meresa Morgan ERISA Practice & Audit Partner, CPA 713-353-1921 EDUCATIONB.S.B.A. in Accounting from Auburn UniversityCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionEnergyManufacturing ...
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    Michelle Mullen Tax Partner, CPA 713-366-8560 EDUCATIONWashington State UniversityMBAB.A. in Business AdministrationB.S. in AgribusinessCERTIFICATIONSCertified Public Accountant – TexasINDUSTRIESConstructionEnergyFinancial InstitutionsManufacturing ...
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