Did you know you can keep track of IFTA fuel and mileage information through Logger's Edge?
The IFTA -- International Fuel Tax Agreement -- is a compact between most states in the United States and most provinces in Canada that governs how motor fuel taxes are paid by truckers that haul across state or national boundaries. The main purpose of the agreement is to allow trucking companies to file only one fuel tax return to their base state, instead of filing one return for each state/province in which they operate. The single unified return reconciles all the different state motor fuel rates and allows companies to make one payment (or receive a credit) to settle their fuel tax liability.
The Logger's Edge provides the ability to track your mileage for each truck and drver by state/province and your fuel purchases for each truck by state/province. It also lets you download the latest IFTA tax rates and import them into your Logger's Edge database.
There is a report that makes all the fuel tax calculations required by state/provincial taxing authorities. If you are a member of our Logger's Edge user group, you can log onto the "Special Features" section of our website and learn more about the IFTA feature: http://hayt.caribousoftware.com/wiki/SpecialFeatures/TruckingFeatures/HowToManageIFTA
If you are not yet a member of our Logger's Edge group, please call us at 706-865-4110 for more information. You can also find extensive information at The IFTA web site address: www.iftach.org .
posted @ Sunday, March 20, 2011 5:49 AM