ONE OF THE TRUCKING INDUSTRY’S MOST DREADED JOBS
Nobody likes doing company fuel tax and preparing IFTA reports. It’s takes forever, it’s an extremely tedious job, and when your company doubles in size, it means you’ll have double the paperwork. For even small to medium sized trucking businesses, fuel tax can often take 40+ hours of someone’s time – every single quarter.
On top of all that, it needs to be done right. A few small mistakes can leave your company on the hook for serious fines, penalties, and/or interest payments. If you’ve been in the industry for a while, you have probably heard stories about failed audits and what a huge problem they can be for the unfortunate carriers. Many people don’t realize that around 75% of IFTA audits result in a penalty of some kind.
Having to double-check your fuel tax calculations makes an already tiresome and stressful job take even longer.
It’s almost 2020… Haven’t we figured out a better way to do this yet?
Actually, we have.