As you probably know, ELDs or Electronic Logging Devices for Hours-of-Service compliance made their entrance into our industry at the end of 2018 in the US. In Canada, ELDs will make their entrance on June 12th of this year. It will be a soft enforcement, but the mandate will become law on June 12, 2021.
What Is the Best Way to Keep Track of Your Miles Per State from an IFTA Audit Viewpoint?
Many of you have been working or running your own business in the motor carrier industry for countless of years. You have seen the many changes not only with trucks, but also in regulation, and most recently in the technology to operate in this industry. Long gone are the days when everything was completed with
Why Do You Need An IFTA License?
If you are thinking of starting, or are currently running a business in the motor carrier industry moving freight or people, you ought to understand why you need an IFTA license and IFTA decals. Everyone applying for an IFTA license starts at the same spot. Whether you are starting a brand-new motor carrier business, or
Best Practices for Backing up Data for Compliance Audits.
When we think about the process for putting together your IFTA quarterly reports, you not only need to have a good method in place to track your miles per state and fuel for each vehicle, but you also need to think of how to properly store this information. How far back must you provide accurate
How do you find a compliant IFTA program?
Now that electronic record keeping for Hours of Services has been mandated by the Department of Transportation through the Federal Motor Carrier Safety Administration, you might find yourself wondering about other compliance paperwork like IFTA. IFTA or the International Fuel Tax Agreement continues to use the same calculation. When submitting on time, the only changes
What is the best way to submit your IFTA report, while making sure it is correct?
When you operate your motor carrier company across two or more states, you must register for IFTA. Once you have registered for IFTA with your base state or province you will receive IFTA decals to place on the side of your truck(s). You will be required to file your IFTA report every quarter from the
The Advantages of Using a Subscription-Based Program
You have experienced many changes in your day-to-day life in the last decade. You no longer need to physically go somewhere to pay for your bills, buy music, or watch movies. Now you can pay your bills through online banking, buy music in iTunes, and watch endless movies on Netflix. Many industries have been disrupted
Don’t Pay Taxes You Don’t Have To
Like the old saying “money does not grow on trees” – you have to work hard and smart for your money. The same should be said for spending it. That is, if it takes much energy to make your money, make sure to use same energy to not spend it. So, don’t pay taxes you don’t have to.
Canadian Carbon Charge & IFTA Rates
If you operate in Canada or travel through, you may have to file the Canadian Carbon Charge Report. Provinces and territories in Canada that do not have their own carbon pricing must follow this Federal Carbon Charge program. It is managed by the Canadian Revenue Agency or CRA (Canadian IRS equivalent). The provinces and territories
When do you have to file for IFTA & what are the consequences for submitting late?
Whether you are new to IFTA fuel tax reporting, or already understand it, we’d like to use this message to expand on some common IFTA questions. If you are a motor carrier or trucking company that does interstate and/or interprovincial work, you must apply for an IFTA registration. You apply to the jurisdiction where you