2nd Quarter IFTA Reporting Is Here, Generate Your IFTA Report Now
*ROCK HILL, SC / ACCESSWIRE / July 3, 2023 / *The International Fuel Tax Agreement (IFTA) was created for the purpose of truck drivers reporting fuel purchases and miles traveled in each jurisdiction to their base jurisdiction quarterly. By doing so, the base jurisdiction can distribute the taxes to each state the fuel was purchased in.
Reporting IFTA is required
· When a vehicle weighs more than 26,000 pounds,
· Has three or more axles, and travels through two or more jurisdictions.
It is important to keep track of fuel receipts and IFTA tax rates as rates are subject to change every quarter, and it can be challenging to calculate it manually. IFTA must be filed with the base jurisdiction on the last day of the month following the end of each quarter. Avoid costly errors that waste time and money with a simpler solution for generating your 2nd Quarter IFTA report.
July 31st, 2023 is the IFTA deadline for 2nd Quarter reporting. It is important that all of the information, including the fuel purchased and miles traveled in each jurisdiction, is reported correctly by this date.
· TruckLogics makes it easy by completing all of the calculations and keeping track of IFTA tax rate changes automatically.
· Once the required information is either entered manually or imported (through Excel or via Motive)
· TruckLogics will generate IFTA reports in acceptable state-specific formats.
TruckLogics has been helping hundreds of trucking fleets streamline their business operations with both full TMS service and its IFTA-only option.
By using TruckLogics as a Trucking Management Software, truckers can create loads, dispatches, invoices, track income and expenses, manage truck maintenance, pay drivers, and much more. With a no-risk 15-day trial on offer, there's no reason not to take the time to optimize your business.
When asked about the start of IFTA reporting for the second quarter, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises (parent company of TruckLogics), responded "TruckLogics provides an IFTA reporting solution that does all of the calculations and keeps track of the IFTA tax rates for you. We're proud to offer a service that makes such an important part of your business quick and easy. Generate your second quarter IFTA report with TruckLogics today, and if any concerns arise, our locally-based support team is available to answer any questions you may have about the software."
Generate an IFTA report now at TruckLogics.com to quickly generate an accurate IFTA report where the tax rates are automatically calculated.
*About TruckLogics*
TruckLogics is the leading Truck Management Software in the trucking industry. Imagine managing dispatches, accounting, maintenance, IFTA reporting, and much more directly from a master dashboard. TruckLogics has helped hundreds of fleets streamline their business operations with both the full TMS and its simplified IFTA-only option.
*About SPAN Enterprises*
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please reach out to Gerald Withers, Content Writer at gerald@spanenterprises.com.
*SOURCE: *TruckLogics
View source version on accesswire.com:
https://www.accesswire.com/765254/2nd-Quarter-IFTA-Reporting-Is-Here-Generate-Your-IFTA-Report-Now