4 Benefits of IFTA tracking to Truckers
A simple way of paying fuel taxes for truckers and trucking companies is IFTA.
IFTA is an International Fuel Tax Agreement to pay one fuel tax by the carrier for multiple states.
The installation of IFTA software has become mandatory due to its various advantages. The biggest trump card of this software is that it makes work fast and easier. There is no need to apply for a permit beforehand to pay the tax.
Check out all the benefits that IFTA trucking companies can profit from.
1- Less Paperwork
Do you want to do much paperwork for the job that is of few minutes?
IFTA software makes it easier to pay taxes with less paperwork.
Truckers land into this profession to avoid unnecessary paperwork and waste of time and effort in doing so.
The agreement ultimately makes being in fleet compliance easy. It also reduces the chances of errors in calculating highway use tax and fuel tax.
The software does all the heavy calculation work. You just have to pay the tax.
2- Single Tax License
A fleet’s daily duty is to haul and dispose of a load to the right place. However, in doing so, they pass many states’ jurisdiction and have to apply for multiple state permits to pay the fuel tax.
It makes the whole work stressful and complicated.
IFTA software works as if they dodged a bullet for future fleet travel.
The companies and truckers now maintain single tax licenses for multiple states’ jurisdiction and single paperwork.
Some of the state’s contradictory regulations made the whole process slow and lengthy.
3- Save Money
The most important benefit of any service is cost reducing factor.
IFTA software made a single tax license appliance possible. Thus, reducing the cost of purchasing the fee of home state charges for every fuel tax license.
Paying charges for each state jurisdiction license can be costly, along with fuel and highway use tax. The software makes it simple to pay all those charges and their calculation in one charge with one license.
It helped in moving from a piecemeal approach to a close-knit approach.
4- Secure & Reliable
First, to worry about tax payment and, later, fleet safety.
But, getting software that makes tax payments simple and provides protection to the fleet in all possible ways is profiting.
The software is programmed with anti-virus protection that protects all your taxation data. It also secures your fleet from theft, accidents and natural calamities.
Conclusion
Though, you still have to pay your taxes. Although, a simple process with the least effort is the best thing.
Etrucks helps maintain modern trucking business with its various fleet compliance aspects like IFTA trucking software, ELD software and many more.
Contact us personally through our website for more information.
Brian Styris is the author of this article. For more details about Trucking Compliance Services please visit our website: etrucks.com
