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5 Points to Understand in IFTA Fuel Tax Audit

IFTA audits could be complex; no one wants their IFTA account to be audited. Ordinarily, owners always avoid IFTA audit but based on some report, 3 percent of IFTA reports are audited under the authority. The IFTA broadly speaking assesses the accounts randomly and pick any coverage errors if any. But if you have prepared the accounts properly with all the checkpoints, then that you don’t have to think in any way. Below are some matters compiled you ought to remember from IFTA audit. If your fleet is selected for IFTA audit, then the following process will look like below. …

Role of IFTA State Mileage Calculator

Role of IFTA State Mileage Calculator

Every trucking company wants to have all of the latest tools and technology to update their business. In this technological age, it is very straightforward and convenient to implement advanced software into the system. The abbreviation of IFTA is the International Fuel Tax Agreement. It’s an arrangement between the lower 48 states of the U.S and 10 Canadian Provinces. It simplifies the reporting of fuel use by the interstate commercial carriers. Each quarter the licensee must submit a fuel tax return in their base authorities. The calculations involved in the IFTA are very complex and time-consuming. Companies have designed an …

Do Trucking Business Need a Fuel Tax Calculator and Why?

The neck-to-neck contest within the trucking industry enforces every business to be intelligent and technology-oriented. To run the trucking industry you have to be equipped with all of the newest software and applications. IFTA is an agreement between Canadian provinces and 48 countries.

In the most quarter, a licensee has to record IFTA fuel tax returns operating in the penis jurisdictions. Calculating and filing IFTA can be actually a time-consuming and very complicated process. The owners face extreme difficulty on account of the lengthy calculations involved while filling up the tax forms.

Therefore, they consistently search for the perfect IFTA …

If are you running a trucking business, then you know what is IFTA fuel tax? Or else if you are wondering how it is applied to your vehicles? Being a trucker you should know about IFTA and details of it. The full form of IFTA is The International Fuel Tax Agreement. It is an agreement made between 48 lower states of the U.S and 10 Canadian Provinces. According to IFTA, every jurisdiction will get fuel tax revenue for the fleet travelled in it. It does not matter if you have purchased fuel in that state or not. Heavy Highway …

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