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IFTA FUEL TAX RETURN: TIPS FOR RECOGNIZING THE BEST TRUCKING COMPANIES

September 30, 2021 0IFTA Fuel Tax ReturnsIFTA PermitIFTA Program

When it comes to applying for jobs after receiving your CDL, you might find yourself wondering how to recognize the best trucking company to start your career. There are many options to choose from, and you can earn high pay if you take advantage of the competitive benefits. But, knowing what you want and ensuring the company file IFTA Fuel Tax Return is very important.

Every qualified truck driver has different desires when it comes to working for a trucking company. But finding the right trucking company is often stressful and looks unachievable. Therefore, do your research, compare different companies before making your final decision.

In this blog, Global Multi Services takes us through tips for recognizing the best trucking company.

COMPANY PAYMENT

Pays are very important and a huge deciding factor when it comes to choosing a trucking company.  Do thorough research and ask questions like do they offer performance pay? Do they offer paid time off and deadhead pay?  Find out if the company you are considering gives stop-off payment and many more. Those answers matter and influence your decision. It is crucial to compare different offers and choose the one that best works for you.

CHECK OUT THE BENEFITS THEY OFFER

When choosing a trucking company, it is paramount to dig deeper and find out the benefits they offer. Know their retirement plan and the type of insurance they provide to their employees. Every truck driver deserves comprehensive benefits that protect them now and in the future. Therefore, make sure the company you choose offers that.

TRUCK QUALITY

As a truck driver, you will be spending most of your time behind the wheels. So, prioritize your comfort and safety. it is a good idea to consider the quality of the trucks in the company. An unmaintained truck leads to costly delays and many more. Some companies provide new fleets with high technology, and others have older ones. Therefore, visit the companies to determine if their fleets are up to your standards. Also, look for features that improve safety and driver comfort in the truck.

IFTA FUEL TAX RETURN COMPLIANCE

Check each trucking company to ensure they always file their IFTA Fuel Tax Return. This is important for companies that operate in interstate and international commerce. If you are not sure, ask the company about it. Any trucking company worth considering will openly answer all your questions. They will also provide any information you need to make a good decision. Contacting relevant authorities will also allow you to analyze and compare the records of various companies.

COMPANY’S CULTURE

Good internal culture and communication impact the success of your career as a truck driver. An unfriendly environment can drain you and affect you mentally.  Check how the staff interacts with each other. You can also talk to their current and former drivers about the company. It is essential to choose a company with a similar culture to your own to work together and build a lasting relationship.

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International Fuel Tax Agreement And Its Importance

June 7, 2021 IFTA DecalIFTA Fuel Tax ReturnsIFTA PermitIFTA Program

Before IFTA, truckers operating across state lines were required to file fuel tax in every state they passed through. The process was difficult and time-consuming which made staying in compliance challenging for truckers. It was obvious truckers need a faster and more efficient way to streamline the collection of fuel tax. This led to the establishment of the International Fuel Tax Agreement [IFTA]. Read on as Global Multi Services explain IFTA and its importance.

What Is IFTA?

The International Fuel Tax Agreement is an agreement for collecting and distributing fuel tax paid by interstate motor carriers. This agreement is made between the Province of Canada and the states in the US excluding Alaska, Hawaii, and the District of Columbia.

Under IFTA, motor carriers receive IFTA Permit and file a single Quarterly IFTA Fuel Tax Report in their base state. This information helps determine the fuel tax of each member state which is then paid by motor carriers to the base state. The fuel tax is then calculated based on miles covered by truckers in each state and redistributed to the member state.

Importance Of IFTA

Improves Efficiency And Accountability

All motor carriers and truck drivers under IFTA must meet specific qualifications. They are required to obtain their IFTA Permit and IFTA Decals annually and submit their Quarterly IFTA Fuel Tax Report to their base state. This ensures all taxes are paid on time and in a proper manner. IFTA also imposes fines and penalties for motor carrier and truck driver’s late reporting or payment. This helps everyone to be accountable, efficient and reduces error.

Reduces Paperwork

Research has shown that 15% of truck accidents are caused by driver’s fatigue and drowsiness. One of the things that contributed to this is the high volume of paperwork motor carrier drivers need to submit daily. Many truck drivers spend hours filing all kinds of forms and report instead of resting after a long trip. The establishment of IFTA has reduced the stress driver face with paperwork. Thus improving highway safety and reducing accidents.

How To Register For IFTA

IFTA registering is one of the most important processes to operate as a motor carrier legally in the US. All trucking company that requires an IFTA license needs to apply in their base state. The license application can be filled online and issued by the Department of Transportation for your state or other verified agencies. IFTA Permit requirements include USDOT Number, Federal Business Number, Registered Business Name, and Mailing Address.

After submitting your application, it will be processed and an official IFTA decal and IFTA license for the current year will be issued to you by the IFTA authority in your state. IFTA Permit expires every year therefore, you must register to obtain a new permit before the third month of the following year. Failure to do so can attract hefty penalties that can affect your trucking business.

Filing IFTA Fuel Tax Returns

IFTA Fuel Tax Return is filed to the motor carrier base state at the end of the fiscal quarter. The tax return shows the list of miles traveled by the motor carrier in all member states and gallons of fuel purchased there.

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IFTA Permit And Temporary IFTA Permit: All You Need To Know

May 28, 2021 0IFTA DecalIFTA Fuel Tax ReturnsIFTA PermitIFTA ProgramTemporary IFTA Permit

Many years ago before the introduction of the IFTA Permit and license to the US, motor carrier drivers were required to purchase fuel permits from each state they travel across. This is often stressful, time-consuming, and causes delay. To improve the trucking industry, officials from some states came together to establish the IFTA program in the 1980s.

The International Fuel Agreement is a joint agreement between 48 states in the US and 10 provinces in Canada that leads to using a single permit. This way the motor carrier IFTA Quarterly Fuel Tax Return will be assessed by one authority which later distributes it to the member states.

How IFTA Operates

The agreement ensures all member states are properly compensated for the use of their road by motor carriers. With the IFTA program, motor carriers only need to return the fuel used in each member state to their base state. The state then collects the taxes, processes IFTA Fuel Tax Return, and distributes the fund to the other states. The base state is also responsible for issuing an IFTA decal, which comes with an IFTA license as proof of IFTA registration.

How To Get IFTA Decal

Before you obtain the IFTA decal, you will need to complete your IFTA registration in your base state or province. It should be the state or province your trucking company is registered in or where your company’s records are kept. After registering with IFTA, you will be issued a license and two IFTA decals to be placed on both sides of your truck. IFTA decal expires at the end of every year, therefore, you need to always renewal to stay compliant.

How To Obtain Temporary IFTA Permit

To stay in business, trucking companies must obtain legal documents and also adhere to the rules and regulations that govern the road. This is why it is important for qualified motor carriers that do not participate in IFTA must obtain a Temporary IFTA Permit to travel across the IFTA member state.

Also, any motor carrier who operates one or more qualified motor vehicles in other IFTA member state other than their base state must apply for must be obtained Temporary IFTA Permit to travel through the member state according to the regulations of each member jurisdiction.

The cost of a Temporary IFTA permit varies from state to state and its validity time ranging from 72 hours to 30 days. Paying for a temporary permit is much cheaper when compared to paying a huge penalty fee for illegal road use. Our job at Global Multi Services is to help you get your permit as fast as possible so you can be on your way.

How To Calculate IFTA Fuel Tax Report

Follow the following steps to calculate your IFTA Fuel Tax Report

  • Track miles travel in each member state or province
  • Record and calculate the total gallons of fuel purchase in each member state or province.
  • Record and calculate fuel consumed in each member state or province
  • Record and calculate the fuel tax of each state or province.
  • Add everything together.

How We Help At Global Multi Services

Global Multi Services is a company with many years of experience when it comes to filing IFTA Quarterly Fuel Tax Return, IFTA Fuel Tax Return, and  IFTA Permit. Our team is ready to explain the IFTA Program to you to get knowledge about how it works. Our system of applying for a Temporary IFTA Permit and IFTA decal is very fast and affordable. Contact us today to get the best services you deserve.

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