The 3rd Quarter IFTA Deadline is Today, Generate Your IFTA Report With TruckLogics Now!
*ROCK HILL, SC / ACCESSWIRE / October 31, 2023 /* The International Fuel Tax Agreement (IFTA) is an agreement between 48 contiguous United States and 10 Canadian provinces to simplify the reporting of the fuel use taxes by interstate carriers. Under this agreement, a quarterly fuel use tax return is filed with the base jurisdiction.
The quarterly fuel use tax return reflects miles traveled, fuel purchased, and taxes due in each jurisdiction. The base jurisdiction is then responsible for the collection and distribution of funds to each affected jurisdiction.
Reporting IFTA is required when:
· A vehicle weighs more than 26,000 pounds
· Has three or more axles
· 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 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 3rd Quarter IFTA report.
Today, October 31st, is the IFTA deadline for 3rd Quarter reporting. It is important that all information, including the fuel purchased and miles traveled in each jurisdiction, is reported correctly by the end of the day in order to avoid penalties.
TruckLogics makes it easy by completing all of the calculations and keeping track of IFTA tax rate changes automatically. Once the required information is uploaded, 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, free 15-day trial on offer, there's no reason not to take this opportunity to optimize your business.
With the 3rd quarter deadline just hours away, TruckLogics has implemented some changes to make IFTA reporting easier than ever before. While manual data entry and smart upload from dispatches are still options within the software, TruckLogics is now offering integration with Samsara in addition to their existing integration with Motive, making uploading truck and fuel information effortless. TruckLogics has also made significant improvements to its user interface and overall experience within the IFTA reporting system, meaning that there has never been a better time to start using the software.
When asked about the start of IFTA reporting for the third 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 so quick and easy. Generate your third 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."
Visit TruckLogics.com now to generate an accurate IFTA report as soon as possible so that you can get your report filed before the end of the day.
*About TruckLogics*
TruckLogics is a comprehensive Truck Management Software customized to serve thetransportation industry. Imagine the ease of managing dispatches, accounting, maintenance,IFTA reporting, and much more directly from a master dashboard. TruckLogics helps hundredsof fleets and trucking companies streamline their business operations from a secure, cloud-based platform.
*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.
Please direct all media inquiries to Lucas Roberto, Content Writer, at lucas@spanenterprises.com.
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*SOURCE:* TruckLogics
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