Posts tagged ‘ifta fuel tax preparation’

4th Quarter 2009 IFTA returns due soon

Your 4th quarter 2009 IFTA fuel tax report is due by January 31, 2010.

Collect all your diesel gallons purchased and miles driven between October 1 and December 31, 2009.  Then, use IFTA Plus to enter your information and prepare your IFTA return.

Safe driving!

January 27, 2010 at 10:31 pm Leave a comment

How to properly calculate IFTA taxes owed per truck

IFTA Plus has established itself as the leader in online IFTA fuel tax preparation boasting thousands of customers and a growing number of features.  One issue, however, has long confused customers and hopefully this will help clarify the matter.

When preparing a state IFTA fuel tax return, IFTA Plus combines all miles driven and fuel purchased across all trucks within the company.  An overall company MPG is calculated and used to determine the amount of taxes a company owes.  IFTA Plus offers a report showing the amount of taxes owed for each truck.  Here lies the problem because there are two approaches to this calculation.

1)  Use the company MPG when calculating truck taxes.

This approach uses the company MPG along with the truck mileage and fuel to determine the truck taxes.  If a company has 5 trucks and this method is used, the sum of the taxes owed per truck will equal the amount of taxes owed by the company.

2) Use the truck MPG when calculating truck taxes.

This approach uses the truck MPG along with the truck mileage and fuel to determine the truck taxes.  If a company has 5 trucks and this method is used, the sum of the taxes owed per truck will not equal the amount of taxes owed by the company.  The total taxes owed equals the amount the truck would pay if it were to file on its own.

While the difference may seem slight, it method greatly alters the amount of taxes owed per truck.  Take the following example of 2 trucks.

Truck Comparison

In this scenario, the overall company drove 20000 miles and bought 3500 gallons of fuel for a company MPG of 5.71.  The company would have an IFTA credit of $6.29.

When calculating the amount owed per truck

If we use the company MPG, Truck 1 would owe $139.57 and Truck 2 would get a credit of $145.86.  The total of these equals the overall company IFTA credit of $6.29.  If we use the truck MPG, Truck 1 would get a credit of $20.00 and truck 2 would owe $31.25.  The total of these does not equal the overall amount paid by the company.

Which approach is best for you?

This is hard to determine.  You will be able to justify either approach.  Using the company MPG penalizes drivers who get better gas mileage, but it better reflects their contribution to the amount of taxes your company paid.  Using the truck MPG is more fair to the drivers, but in the end the sum of the trucks does not total the amount owed by your company.

No matter which choice you prefer, IFTA Plus lets you decide which method is best and provides you an easy way to switch between these methods.  For current customers, to change this setting navigate to settings -> IFTA  and check or uncheck the ‘use the company MPG as compared to the truck MPG’ setting.

January 15, 2010 at 10:50 pm 2 comments

Q4 2009 IFTA fuel tax preparation

As of this morning, January 1 2010, IFTA Plus is ready to prepare your fourth quarter 2009 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 per state and fuel purchases per state between October 1 and December 31.  If you need help with older returns, we can file any quarter since Q1 2007.

As always, feel free to contact us if you need further assistance.  See you soon!

January 1, 2010 at 4:50 pm 1 comment

Thanks for a successful Q3 09 filing season

I’d like to start off by saying thanks to each company that used IFTA Plus to prepare their third quarter 2009 IFTA fuel tax return.  This quarter, like many others, saw a lot of milestones for us.

This quarter:

  • Saw our ninth consecutive 20% quarterly increase in the number of IFTA returns prepared.
  • Had over 81% of our filers from last quarter return this quarter.
  • Experienced numerous calls from satisfied customers praising the ease of use and the speed of preparation.

We talked with over 85 companies who called to say thanks, ask questions, or to ask for help.  From these conversations, we understand the pains the trucking industry is experiencing right now.  Many companies can’t make enough money to support their business.  We hear you and we are working hard to make sure your next quarter fuel tax filing will be easier, faster and cheaper than ever.  If you have any suggestions, let us know by leaving a comment.  We are always looking forward to customer suggestions.

Thank you all for your new and continued business.  Drive safe and we’ll see you next quarter.

Stuart Ludlow – IFTA Plus

November 11, 2009 at 1:49 pm Leave a comment

Q2 2009 IFTA Fuel Tax Preparation

As of this morning, July 1 2009, we are officially ready to prepare your second quarter 2009 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 have all your miles per state and fuel purchases per state between April 1 and June 30 already gathered.  If you need help with older returns, we can file any quarter since Q1 2007.

As always, feel free to contact us if you need further assistance.  See you soon!

July 1, 2009 at 3:05 pm Leave a comment

Why Choose IFTA Plus?

IFTA Plus is the IFTA reporting tool of choice for over 2000 small to mid size trucking companies.  Our customers have come to rely upon our ease of use, accuracy, affordability, and great customer service.

In addition to immediate preparation of your official State IFTA fuel reports, IFTA Plus also provides fuel and mile analysis on each return, custom IFTA reports per truck, and great incentive programs.

However, did you know there is a lot more to IFTA Plus than fuel tax reporting?

IFTA Plus also provides all of its customers under 20 drivers free transportation software.  Over 4 years ago, we built an Hours of Service (HOS) calculator for local companies.   Then we added a Driver Qualification File (DQ) document tracking tool and finally a Fleet Maintenance tool.  All these powerful tools are now free to our customers, even if you don’t use us to prepare your IFTA return.

In addition, we also provide numerous reports so give you immediate information.  For example, if you prepare a single IFTA return with 3 trucks, we can give you the truck specific miles and fuel used per state, the average mpg and IFTA taxes owed per truck.  There is more information about this return here. Want a quick view into what DQ files you are missing?  We have four separate reports to help out.

If you haven’t looked at IFTA Plus in a while, check us out.  If you have, leave a comment and let us know what you think.

April 22, 2009 at 9:26 pm 1 comment

2 Weeks Left to Prepare your IFTA Fuel Report

Your first quarter 2009 IFTA fuel tax report is due in two weeks on April 30, 2009.

Collect all your fuel purchased and miles driven between January 1 and March 31, 2009.  Fuel and mileage needs to be itemized per state.

For example, let’s say you took a 500 mile round trip from Missouri, through Kansas and up into Nebraska.  You  originally bought 50 gallons of diesel in Missouri.  On your way back, you bought an additional 50 gallons in Nebraska.   Your fuel and mileage breakdown will look like:

MO: 250 miles, 50 gallons

KS: 100 miles

NE: 150 miles, 50 gallons

Go through your fuel or credit card receipts to get you gallons and your trip reports to get your mileage.  That’s all you need.  IFTA Plus will take care of the rest.

Safe driving!

April 16, 2009 at 5:00 pm Leave a comment

4 Required Steps to File your IFTA Fuel Taxes

In order to prepare your next IFTA fuel tax return as smooth as possible, follow these 4 steps.

Continue Reading March 19, 2009 at 5:08 pm 3 comments

Q4 2008 IFTA Fuel Tax Preparation

As of this morning, January 1 2009, we are officially ready to prepare your fourth quarter 2008 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 IFTAfuel tax return.

To complete your return, you will need to have all your miles per state and fuel purchases per state between October 1 and December 31 already gathered.  If you need help with older returns, we can file any quarter since Q1 2007. 

As always, feel free to contact us if you need further assistance.  See you soon!

January 1, 2009 at 12:01 am Leave a comment

‘Holmes on Homes’ on ‘The Home Depot’ on transportation software

If you haven’t seen the show Holmes on Homes, you need to.  The show superhero is Mike Holmes a unique man-mixture resembling 1/2 master contractor and 1/2 Alaskan bear hunter.  Mike Holmes fixed the mess other professional contractors have left behind.   “I’ve been fixing a lot of sloppy, lazy and dangerous work for the past two decades,” says Holmes.

During the show airs a commercial for The Home Depot.  Makes sense, right?  You are watching a remodeling show and The Home Depot is a home building supply provider.  However, the commercial showed a happy do-it-yourself couple working on  their first time tiling project. What a contrast!  A show following Mike Holmes, professional extraordinaire, and a commercial showing Joe and Susie DIY Homeowner.  The two couldn’t be more different.  The Home Depot is the place where Mike Holmes could buy all his material, but The Home Depot choose to focus their services towards the everyday, small, independent home owner.

Transportation software tools historically are also sloppy, lazy, and dangerous, if you consider getting audit fines dangerous.  I am consistently amazed at the poor quality and user experience of most transportation tools.  Look at the terrible design of websites like www.wolfbyte.com/fueltax.htm, www.promiles.com or www.myfleettools.com and then compare them to the clean simplicity of www.iftaplus.com.  A website is often an indicator of the software the company produces.  Cluttered website = cluttered tools.  Clean website = easy tools.

There are some transportation software companies that can call themselves the Mike Homes of the industry.  The Big Guys like McLeod, Prophesy, JJ Keller provide great tools, but there are so many features and their tools are so complicated that few companies will ever pay thousands of dollars for the software.  Others, like AgilCor’s IFTAPlus are like The Home Depot of the transportation software industry.  IFTA Plus is capable of handling the same customers that use The Big Guys, but prefer to cater to the small, independent owner-operator, and all for only $25.  If you are a small transportation company, we want you as a customer.  You are our sweet spot.

IFTA Plus is clean, easy to use, and perfectly catered towards small to mid-size transportation companies.  Bob Vila, eat your heart out.

July 2, 2008 at 2:38 pm 1 comment

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