International Fuel Tax Agreement (popularly referred as IFTA) is a multijurisdictional fuel use tax collection agreement. IFTA was a cooperative program formed by states of Washington, Iowa and Arizona in 1983, for the reporting and payment of fuel use taxes. Currently 48 adjoining states of United States and 10 Canadian provinces are members of IFTA.
Trucking company owners, transporters and accountants handling finances such companies need to present quarterly report required by International Fuel Tax Agreement. The reporting task involves lots of calculations regarding payments of different fuel taxes in a particular jurisdiction.
All these reporting are very tedious task if done manually. You always wish "alas there could be a way to do it automatically!" Your wish is no longer a wish. You can easily find software that can help you in doing this tough task easily. You don't have to worry about the data, and reports being accurate. You only take care of the tax rates, no. of trucks and other such units that you need to put in the software system. The software will generate report automatically without giving any more problems to you, thus saving time and increasing efficiency.
Such type of automated software is known as IFTA Fuel Tax Software. Fuel Tax Software is designed to be used by truck owners, transport companies or accountants. It helps them in finalizing all reporting related to International Fuel Taxes Agreement within no time.
Several fuel tax softwares are available in market made by different expert software companies with experience of developing trucking software, freight brokerage software and Fuel Tax Software. Some of them provide quality with innovation. You don’t have to purchase fuel tax software individually. They come as a part of your own trucking and freight broker software. Or they can be plugged into your existing trucking software as an additional module or component.
Web based fuel tax softwares are being increasingly popular due to their ease of use and access. They don't need any extra server for installation. What you need to do is install them on a web server, and then you can access from everywhere with just an Internet Connection.
These fuel tax softwares are very efficient for every trucking or freight brokerage business owner. It not only reduces your time in reporting, but you also enhance your service quality by using one such fuel tax software. Your investment into purchasing this software is a wise investment made in favor of your business.