File IFTA Now With TruckingOffice PRO
The tip of this month is the IFTA deadline. Have you ever filed yours but? Should you’re utilizing TruckingOffice PRO, you’ll be able to maintain off till the final minute if you’d like. Should you don’t use TruckingOffice PRO, you is likely to be in bother.
IFTA Due Dates
IFTA is due on the final day of January, April, July, and October, until the day falls on the weekend. Then it’s due on the subsequent enterprise day. That’s easy sufficient to recollect. It might be the one easy a part of submitting IFTA.
If you wish to file IFTA now, you need to have the final quarter’s knowledge helpful. All of the miles per state. All of the gas receipts. The quantities of gas taxes paid. The present tax charges for each state you drove in. Then the mathematics begins.
It’s onerous to suppose that anybody information IFTA now with out utilizing a pc program to compute it for them. Whereas the IFTA tax program was set as much as save truckers time and work, it’s nonetheless an advanced system.
What appears very complicated to us is to listen to about how some owner-operators select to make use of a separate IFTA prep program reasonably than their dispatch and bill program. Or that they’re utilizing three completely different platforms, or that they battle to make use of Google to do all of it for them.
To file IFTA now, on the day it’s due, it’s late within the recreation if you happen to’re not utilizing an entire trucking administration software program program.
What’s your hourly fee?
How a lot do you earn per hour?
I do know, we’re not speculated to ask such private questions, but it surely’s an essential think about the way you have a look at your IFTA submitting.
The time it takes so that you can enter knowledge and get a calculated whole taxes due is time that you simply can’t be driving.
So if you happen to’re taking time to enter knowledge, it’s best to think about how a lot it prices you to deal with that job.
Don’t wish to do the mathematics?
We don’t both. Let’s say that the typical owner-operator takes 2 hours to deal with the info entry for 1 / 4. Based mostly on Zip Recruiter, the nationwide common hourly fee for owner-operators is $117. So two hours of off-the-road work prices an owner-operator $234 on prime of no matter their IFTA prep software program costs.
What are you able to spend $234 on? Multiply that by 4 and also you’ve obtained over $1,000 price of time invested within the IFTA alone.
To file IFTA now, it’s including salt to the wound of paying additional taxes anyway, to suppose that it prices the typical US trucker a lot for a tax fee is simply an insult.
If that is your first time submitting your IFTA gas tax return then please take a look at our article about The way to File Your IFTA Report.
What Different Alternative Do You Have?
Glad you requested. The information you want for IFTA comes from quite a lot of locations. The ELD knowledge is crucial to make sure that the IFTA report is correct. Then there’s the dispatch routing and the precise miles recorded in every state or jurisdiction. The data of gas purchases are saved within the bill program as an expense.
The higher selection is to make use of an entire trucking enterprise software program, one which tracks all these completely different objects. A software program downside that begins from dispatch to routing to invoicing. Then to file IFTA is just a matter of gathering the numbers, monitoring the state gas tax charges, and totaling it up.
(TruckingOffice PRO updates the entire tax charges per state or jurisdiction, so that you could be assured that the charges are appropriate. We even have an built-in ELD that makes certain the miles are completely appropriate.)
Whenever you use TruckingOffice PRO, an entire trucking administration software program, IFTA prep isn’t a matter of hours. It’s a matter of seconds. Your knowledge is safely saved and accessible, even within the cab of your truck. You will get an IFTA report back to file IFTA now in seconds.
Should you anticipate the final minute, we hope that the web site enables you to. Too many truckers submitting on the similar time can crash a system. So possibly don’t wait till 11:59 tonight to file.
If You Don’t Use TruckingOffice PRO But…
Give it a strive on us. That’s proper. Free trial for you to find the ability of an entire trucking software program to run your corporation.
