ROCK HILL, SC / ACCESSWIRE / April 24, 2024 / As the end of April rapidly approaches, trucking companies and interstate motor carriers are urged to take immediate action to ensure compliance with the 1st Quarter International Fuel Tax Agreement (IFTA) filing deadline on April 30th.
IFTA is a vital component of the transportation industry, streamlining the reporting and payment of fuel taxes across multiple jurisdictions. Failure to meet IFTA requirements can result in severe penalties and disruptions to operations. With the deadline approaching, now is the time for drivers to act.
"This is a critical reminder for all trucking companies and interstate carriers," said William Binkley, Client Relationship Specialist. "The 1st Quarter IFTA deadline is fast approaching, and non-compliance is not an option. Companies must immediately gather documentation, review records, and file accurately to avoid penalties."
To ensure a smooth filing process, drivers and fleet managers are encouraged to:
Gather all necessary documentation, including fuel receipts and mileage records.
Review records carefully for accuracy and completeness.
Use TruckLogics to calculate fuel taxes owed for each jurisdiction using IFTA fuel tax rates. Quarterly IFTA tax rates may fluctuate, but with TruckLogics, you never have to worry. TruckLogics automatically updates the tax rates, ensuring you're always up-to-date without additional worry or effort. Learn more about the 1st Quarter IFTA tax rates here:
Seek guidance from qualified tax professionals or state IFTA offices if needed.
It's easy to underestimate the importance of timely and accurate IFTA filings. However, the consequences of non-compliance can be severe, including hefty fines and penalties. With the deadline just days away, there's no time to waste. Act now to ensure compliance and avoid costly repercussions.
For more information and resources on IFTA filing, visit TruckLogics.com today!
About TruckLogics:
TruckLogics is a leading truck management solution designed to streamline operations, enhance efficiency, and facilitate compliance for trucking professionals. With cutting-edge AI technology and user-friendly features, TruckLogics is the perfect tool for businesses of every size in the trucking industry to forge a path to efficiency and success!
Clients can easily integrate their Motive and Samsara accounts with TruckLogics, enabling direct importation of their fuel/distance data. Alternatively, they can utilize our provided Excel templates for bulk data upload.
Clients never have to worry about tax calculations again. TruckLogics ensures accuracy and efficiency by automatically updating tax rates every quarter. With just a few simple steps, clients can swiftly generate a file-ready IFTA report.
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 press inquiries and further information, please contact:
Amber Tabb
amber@trucklogics.com
SOURCE: TruckLogics
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