Every trucking business company wants to invest in the latest tools as well as the technology to improve their services. Today, due to advancements in technology, it is quite easy for you to integrate the latest software as a crucial part of the system that works well according to IFTA.
Here, IFTA or International Fuel Tax Agreement is an agreement between 48 U.S States and 10 Provinces in Canada. This agreement is implemented to simplify the reporting of fuel consumed by the interstate carriers. You need to get a quarterly license to submit the fuel tax return according to the base jurisdictions.Read More
Here, a Miles by State Calculator can help you to manage your IFTA Tax Reporting. You will find countless packages and plans in terms of the software. But, always try reading the details as well as the features and functions the software will be providing you with. It will help you identify the right software according to your business needs. Additionally, try to find software according to your business size or based on the number of trucks you own.
There are many benefits of getting a Mile by State calculator for your current truck or fleet. Read on to know more:
Automatic calculation of Fuel Tax by State and Province:
A shipping company must keep them updated with the maintenance and fuel consumption along with the IFTA State Mileage logs. Initially, it used to take a lot of time to calculate IFTA due to the paperwork involved, but now the Miles by State Calculator makes the process quite simpler, faster and is known to generate the desired outcomes in just a fraction of seconds. The software instantly generates various reviews and reports without making mistakes.
Real-time Travel Monitoring:
Talking about the traditional methods of IFTA calculation, it is important for a company to maintain documents based on the vehicle’s mileage, distances the truck traveled, and the fuel consumed. In addition to this, information like- gap miles, fuel receipts, and other invoices. Therefore, maintaining this data and bills can be a challenging task. But, a mileage calculator helps you to securely save all the information and data on the cloud or any device. It also helps to monitor the real-time ongoing movements of the shipping carriers and fleet.
Saving Your Expenses:
Saving is said to be the primary goal of every business. Also, every trucking company is known to provide a huge share of its profit to its employees. Here, a mileage calculator tends to help you lower down your expenses effective calculations of IFTA. However, the automatic method can also save your time hiring an extra workforce and can effectively perform the required tasks according to the jurisdictions. This tool also prevents the odds of miscalculations and you can happily save yourself from unnecessary penalties.
Effortlessly gets connected with the existing system:
The right Mile by State calculator is designed so as to easily get connected with your existing business solution. It works in sync and does not interrupt any kind of performance or cause any technical issues with the existing method. You can also operate other systems with the software due to its user-friendly interface. The calculator also offers a better workflow between the dispatcher and the drivers.
Video credit: KFO
Summary- This is what you will get!
- You can pay all your taxes on time quarterly without worrying about anything else accurately.
- The calculator effectively keeps your International Fuel Tax Agreement related documents well-organized.
- The right solution will help to keep your information securely stored online. You can access and upload the information on the cloud to save from your hard drive crashes, data, thefts, and other issues.
- You can keep a track of your IFTA tax reporting and related records easily.
Lastly, if you are the owner of a small or medium-sized business, knowing how IFTA can help you to file in the given timeframe. Mile by state calculator helps in filling as well as reporting the International Fuel Tax Agreement. Therefore, get the one that meets all your business-related requirements.