In life most of the important decisions are not made by us. So True, isn’t it? If you hold an IFTA license and do not report your IFTA on time you are liable for Penalties & Interests, this is a known fact. Another unknown fact is you need to file an IFTA report even if you have no taxable miles in that particular quarter. This is known as a “ZERO RETURN”. Continue reading
Tag Archives: IFTA professional
Inter State Truckers, 2016 Third Quarter IFTA is due NOW!
It is quite normal to forget things that we do only few times a year, but the consequences of forgetting such things can be big. Remember the last time you forgot your spouse’s birthday or your wedding anniversary & the consequences faced. Alright, now wipe off that grin look on your face and keep reading to know about a fast approaching Tax deadline that can put you in a deeper trouble. Continue reading
The Benefits of Preparing your IFTA return with TaxIFTA.com
IFTA returns are filed Four times a year, preparing them by yourself and submitting them without any errors to your respective Base jurisdiction is close to impossible as it is filled with complicated calculations and unsolved tax jargon’s which most of us do not understand. www.taxifta.com , a product of Think Trade Inc was launched for your assistance in preparing your IFTA return online. Whether you’re new to TaxIFTA.com or have been filing with us for years, keep reading and we’ll tell you all about the benefits of our program and how easy it is to prepare your IFTA return with the industry leader.
Benefits: Continue reading
IFTA Penalties for Late & Not filing
Filing your IFTA return on time is very important and TaxIFTA.com is dedicated in helping you Prepare your IFTA return online. Filling out any paper work for taxes manually is not that easy as we all think, especially when it involves a lot of calculations mostly in cents. IFTA penalty is one thing that most taxpayers have no idea about. Continue reading
Required Details of Fuel records to Report IFTA
Complete fuel records of all motor fuel purchased, received, and used in the conduct of its business must be maintained. Separate totals must be compiled for each motor fuel type and retail fuel purchases and bulk fuel purchases are to be accounted for separately. Continue reading
5 motive why to File IFTA via Service Provider.
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IFTA-One more piece of red tape again, for you owners & operators! Shuffling papers on your IFTA returns at each quarter is indeed a hard nut to crack. In times, an unintentional error may leave solid fines on your head. This is another bitter pill to swallow.
On flipping through your IFTA regulation handbook, you may be convinced that handling IFTA fuel tax returns might not time your minutes. But it does! Here, we give you five wherefores in full picture for hiring a tax professional.
- A proficient IFTA professional helps you to put off those aches. He can let your focus on your business safety and customer service, since he can still sit for your tasks.
- He cares for your penalties and fines by filing and paying your IFTA on time.
- He perpetuates all your taxing and licensing documents revised.
- He saves you from thefts & fraudulent, if any committed by your fleet drivers.
- To the last word, hiring a tax professional is not just a comfort or an expense. It is really a safety investment to run your fleet system in top gear.
- In addition to IFTA, he has the skill and time to analyze your account of proceedings, purchases & also spot inconsistencies.
Readers, take all these into account. It is not a casual chore of making up paper work over the course of year. IFTA calls for detailed trip reports running down the miles traveled and fuels fill-ins in each jurisdiction. Once you are falsified for inaccurate IFTA reports, you have to wear the hat for the brunt of penalties. At taxifta.com, as an alternate tax professional, we help you through call & mail. Reach us at 1-866-245-3918 or mail to support@taxexcise.com