Filing IFTA fuel taxes is all about keeping accurate records. Do you have all your fuel receipts? Do your drivers’ trip sheets cover every mile for all distance traveled? Do you know how many miles were driven in each state or province? And it’s not just about data collection: You also have to hang onto all those records for at least four years.
<p>New rules like the ELD mandate have the potential to force some small carriers out of business and raise freight rates when capacity tightens. There are several other proposed regulations that could also have major impacts on the trucking industry in 2017.</p>
A new highway funding bill has passed both the House of Representatives and the Senate, but the House version has a major flaw that would pose huge problems for small carriers and owner-operators. The bill includes a new carrier hiring standard, but an oversight would disqualify 83% of carriers from getting hired.
Thinking about starting your own business? There are a lot of upfront costs associated with getting your motor carrier authority, not to mention the maze of regulations. To help you decide whether or not to take the plunge, I’ve listed some of the hoops you’ll have to jump through to give you an idea of what it’ll cost to start your own trucking company.
As a carrier, you are navigating all the time, but when it comes to navigating your IFTA fuel tax liabilities, it can be easy to take a wrong turn. I’ve been helping fleets and owner operators fulfill their IFTA fuel tax reporting obligations for more than 35 years with DAT Fleet Compliance (formerly TransCore Fleet Compliance), which is ...