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IFTA Tax Compliance Efficiency

If you are trucking across state lines, then filing your quarterly IFTA taxes can be a pain. Electronic Log Devices (ELD’s) can help tremendously to track miles driven in each state. However, how does a fleet manager keep track of fuel purchases when your vehicles may have purchased fuel in a variety of ways (at your bulk tank, from a mobile refueling truck or at a retail station using a fleet card)?

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Lack of Transparency

In the early 1990’s a newly formed energy company was growing rapidly. The firm dominated the energy futures trading market. It reported enormous profits and was a darling of Wall Street. The company’s balance sheet reported over $60 billion in assets. The company was Enron.

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