Since 1974

Why have Permitax Perform Your IFTA Fuel Tax Reporting?

The answer to this question is simple. Subcontracting to Permitax will save your organization time and money, reduce your long term risks and will eliminate the headaches associated with managing the IFTA fuel and mileage tax reporting function.

Cost and Time Savings

At Permitax Corporation we specialize in IFTA fuel and mileage tax reporting. As a result we are able to process your fuel taxes with a high level of accuracy and reliability. This efficiency equates into a cost effective, high value service for your company.

By having Permitax perform your IFTA fuel tax reporting, you can eliminate many direct and indirect costs to your organization:
  • Staff wages and time; employment and benefit costs; turnover, training and development; management oversight; software costs and upgrades; paper and office expenses; and much more
Permitax Corporation can eliminate the IFTA fuel tax burden from your organization freeing you up to focus your efforts of what earns you money. Subcontracting the IFTA fuel tax function to Permitax will eliminate the management time and resources spent administering the IFTA fuel tax function.

Furthermore, this will allow management to devote their time to areas of your core business which will generate profits for your company. The valuable information Permitax is able to provide will also assist your management team in other areas and provide a basis for effective decision making.

Think Overall Value... Not Just Cost

Often times, when carriers try to determine their true cost of the IFTA fuel and mileage tax reporting function, they simply look at the monthly cost per truck they are being charged or at the wages they are paying their staff to perform the function. This methodology greatly over simplifies the true cost and benefits of proper IFTA fuel tax reporting. "Soft" or indirect costs are rarely factored into the equation. In addition, carriers seldom factor in the risk and cost of audit assessments, penalties and interest for incorrect filings and record keeping.

Furthermore, the benefits of accurate and correct fuel tax reporting are frequently under-valued even though the importance has such a significant impact on so many different departments and functions within a carriers operation. For example, accurate and correct mileage and fuel reporting has a direct affect on:
  • IFTA and mileage taxes (over or under paying)
  • IRP plating costs
  • US property/ad valorem tax filings
  • US corporate franchise tax filings
  • CVOR/NSC & US DOT updates
  • Audits and assessments for above including your time
  • Fuel and mileage tax charge-backs to your owner/operators
  • Insurance renewals
  • Vehicle/fleet and divisional tax/cost reporting and allocations
  • Fuel purchasing
Mistakes in reporting mileage and fuel information, not only have a direct impact on taxes and audit costs, they can also affect a myriad of other items resulting in additional expenditures and time. In an audit these errors are extrapolated, from a sample, across your entire fleet for multiple years. What appears to be a small error for one truck can result in an error factor multiplied across all trucks over a longer period of time. These errors can result in huge audit assessments, penalties and interest for IFTA, IRP and mileage taxes.

Carriers should not be determining just the "cost" of the IFTA fuel tax reporting function, but rather the true overall "value" of efficient, correct and accurate IFTA fuel and mileage tax reporting.
Continue reading: Efficiency and Accuracy