You match loads with carriers. We file your broker authority, write your BMC-84 bond and keep the books that tell you which lanes pay.
New and growing freight brokerages work with our office for broker authority, BOC-3 and UCR filings, the $75,000 broker bond, contingent cargo coverage and bookkeeping built around gross margin per load.
Reviewed by Orkun Ozkaymak, CPA, MBA·Clients in all 50 states and abroad
A brokerage bills the shipper, pays the carrier and keeps the difference. Revenue looks large, the margin is what matters, and cash can get tight when shippers pay in 45 days and carriers want quick pay.
Our office files your authority, our agency writes the surety bond and contingent coverage brokers need, and your books track margin load by load so you can see which customers and lanes are worth keeping.
The questions new brokers bring to our office most often.
FMCSA will not activate broker authority until your $75,000 BMC-84 bond or BMC-85 trust and your BOC-3 are on file.
How we helpWe prepare the filing, our agency writes the bond, and we file the BOC-3 so your authority goes active without gaps.
Shippers expect the broker to stand behind the load when a carrier's policy does not pay.
How we helpOur agency quotes contingent cargo and contingent auto liability alongside general liability and errors and omissions.
Gross billings can be ten times what the business actually keeps, which confuses lenders and makes tax estimates look wrong.
How we helpWe set up QuickBooks to show gross margin per load and per customer, with carrier pay matched to each shipment.
Brokers pay many carriers, some through factoring companies, and need W-9s and the right year end reporting.
How we helpWe collect W-9s, track payments to carriers and factors, and prepare 1099s where they are required.
Tax, accounting and insurance under one roof, so the numbers on your return, your books and your policies all agree.
The recurring deadlines freight brokers face most often. We track them for you and send reminders before anything is due.
Dates shown are for calendar-year filers. When a due date falls on a weekend or holiday, it moves to the next business day.
Your QuickBooks shows margin per load and per customer, so you know which lanes and shippers are worth the work.
Our office sets up QuickBooks Online with a chart of accounts designed for your industry and your entity type, mapped line by line to your tax return. Your books are ready for filing season all year.
A company, a USDOT number with MC broker authority, a $75,000 BMC-84 bond or BMC-85 trust, a BOC-3 process agent filing and UCR registration. FMCSA activates the authority once the bond and BOC-3 are on file.
The bond is $75,000, but you pay a yearly premium, often about $1,500 to $2,000 for a new broker with good credit. Our agency writes the bond and quotes it with your other coverage.
For most brokers, yes, the full amount billed to the shipper is revenue and carrier pay is cost of revenue. Your margin is what is left. We set up the books so both are clear.
Request an insurance quote, or start your company with our office. Prefer to talk first? Book a time, virtual or in person.