The neck-to-neck competition in the trucking industry enforces every business to smart and technology-oriented. To run a trucking business successfully, truckers need to have all the latest tools and software. IFTA is an agreement between 48 lower states of the U.S and the Canadian Provinces.
In every quarter, a licensee has to file IFTA fuel tax returns operating in the member jurisdictions. Calculating and filing IFTA is a time-consuming and complicated process. Truckers find it extremely difficult to get the result from lengthy calculations. So, they always look for the right IFTA software that can solve the calculations on their behalf. Many companies have designed advance IFTA software that is capable to perform many trucking tasks in a moment to time.
Being an owner of a trucking company, you should know every technicality of this business. Truckers must have an idea about Heavy highway use tax. Heavy highway use tax is a federal tax and assessed annually on the heavy vehicles having registered gross weight of 55,000 pounds or above.
To pay Heavy Highway use tax, one has to fill Form 2290. In the late ’90s, Heavy Highway Use Tax (HVUT) Form 2290 filing started. To ease out and simplify the process of IFTA tax calculation, companies have specially designed Fuel tax calculator. It is impeccable in calculating IFTA tax and gives accurate outcomes. In the previous day, huge human efforts were needed for IFTA calculation and reporting. But the introduction of IFTA software has reduced the manual work to a great extent.
The software has made the IFTA calculation easy and straightforward. Manual data entries and unnecessary tasks can be totally eliminated with the IFTA software. If you want to make your trucking company be more organized and efficient, IFTA software will help you to do so. It is very beneficial in resource allocation and data management. Using the software you do not have to depend on predators for data. There are countless benefits of IFTA software for the freight industry.
IFTA software is cost-effective and helps the owners to cut down unnecessary expenses. There are different types of fuel tax calculator available in the market. The price varies according to feature and functions. You can choose the tool as per the size and need of your business. Errors and miscalculations can lead to heavy fines and penalties.
IFTA software makes you hassle-free as it gives error-less results. It enhances the productivity of your business and makes your business to achieve the target metrics. In trucking companies, huge paperwork is done every day. With the tool, the truckers can minimise the use of papers. This is a great initiative towards a green environment.
Being an owner of a trucking firm, you must be worried about the safety of data and information. Thanks, to the IFTA software, all the critical and important data is completely safe within the software. The use of a cloud-storage system makes the storing of data more secure. The IFTA software is equally beneficial for both the small and large trucking companies. Nowadays, companies are employing the fuel tax calculator in their business to boost ROI.