Archive for April, 2011

Q1 2011 IFTA fuel taxes due soon

This is your friendly reminder that your 1st quarter 2011 IFTA fuel tax return is due Saturday April 30, 2011.

Collect all your gallons purchased and miles driven between January 1 and March 31, 2011.  Then, use IFTA Plus to enter your information and immediately have our IFTA calculator prepare your State return.

Read more about our most asked questions, using our published fuel tax rates, the four required steps to prepare your IFTA fuel tax return, and if you need to calculate the IFTA taxes owed per truck, this is a must read.
Safe driving!

April 29, 2011 at 3:56 pm Leave a comment

IFTA fuel taxes and the state of the economy

IFTA Plus has helped thousands of companies prepare their fuel tax returns for the past 5 years.  As we capture company mileage and fuel usage across different quarters, we are in a unique position of being able to determine how much companies are driving quarter over quarter and where they are driving most.  For those not in the transportation industry, the two critical pieces of information IFTA fuel taxes capture are the number of miles driven in each state and the amount of fuel purchased in each state.

The trucking industry is a well tracked indicator of the state of the overall economy.  When the economy is good, manufacturing increases, purchasing increases, shipping increases and therefore the transportation industry improves.  There are several metrics tracked in the industry including the monthly tonnage.  Several blogs talk about the reality of a changing industry driven by a slow economy.  Other writers like to speculate on the future state of the economy.

Here at IFTA Plus, we put together a few simple charts that compare where miles are being driven and how companies are performing.

State mileage changes: This chart shows the difference in miles per state between Q1 2010 and Q4 2010.

IFTA Plus state chart

You can see that states in the East increased miles driven and states in the West decreased in miles driven.

Company mileage changes.  This graph shows how companies performed quarter over quarter.

This graph shows in Q4 2010, only 46% of returning IFTA Plus companies increased their miles driven over the previous quarter.  In fact, to summarize this chart, here are the percentages of companies that increased their miles driven vs the previous quarter:

Q1 2008 – 59%
Q2 2008 – 60%
Q3 2008 – 47%
Q4 2008 – 42%
Q1 2009 – 45%
Q2 2009 – 62%
Q3 2009 – 52%
Q4 2009 – 46%
Q1 2010 – 49%
Q2 2010 – 63%
Q3 2010 – 48%
Q4 2010 – 46%

We’re not economists and we don’t give any indications that our data is a diverse and representative cross section of the trucking industry.  However, the number are interesting to look through.

April 29, 2011 at 3:47 pm Leave a comment

First Quarter 2011 IFTA Fuel Tax Preparation

As of April 1, 2011 (no joke), IFTA Plus is ready to prepare your first quarter 2011 IFTA fuel tax return.

If you already have an account with IFTA Plus, sign in and start entering your miles and fuel.  If not, our registration process takes only a minute and we walk you through each step in the filing process.  You don’t have to pay for anything until you are ready to print out your state IFTA fuel tax return.

To complete your return, you will need to collect your miles driven and fuel purchased in each State between January 1 and March 31.  If you need help with older returns, we can file any quarter since Q1 2010.

As always, feel free to Contact Us if you need further assistance.

Safe Driving…

April 1, 2011 at 3:40 pm Leave a comment