Truckers, and trucking companies; the deadline to file your 2011 IFTA for second quarter is almost here. Filing late will put you and or your company in the loophole of penalties and late fees. Many truckers are feeling the pinch at the pump and are trying to take strategic routes (if possible) with the hope of saving fuel; and as a result the focus on IFTA filing can be ignored or delayed. As a trucker it is wise to plan for the best routes possible; however giving attention to IFTA compliance is strongly advised. Here are a few tips to make your IFTA filing process flow more smoothly:
- Keep a consistent and accurate log of "point-to point" locations and mileage
- Keep fuel expense receipts
- Keep fuel expense reports (if leasing company is paying for fuel) if applicable
- Keep record of "no operations" if applicable
- Make sure that all operations have the dates, and jurisdictions in which operations took place
You owe it to yourself to stay in compliance with IFTA. Proper logging of your operations while on the road will help with the filing process. Also avoid assumptions when it comes to whether or not your leasing company will take care of the IFTA filing for you.
If you find yourself in an IFTA filing bind, your leasing company won't take care of your IFTA for you or you simply don't want to be bothered by IFTA filing;Wisdom & Authority Titling Solutions will take care of the entire process for you.