How to File Amended IFTA Reports

How to File Amended IFTA Reports

A wise man once said “to err is human.” That’s certainly true when it comes to IFTA reports. Sometimes it’s necessary to file amendments to previous year’s returns. Here is a look at what you’ll need in order to do so. NOTE: these procedures will vary somewhat from...

Did I Make Money or Not?

When I started my trucking career as an owner/operator, I worked on the accounting system that made sense to me.  If the money was in my bank, then I was good.  I never counted my billable income until it was in my pocket.  This is called the Cash Accounting Method....

Trucking Industry Trends for November 2014

Technology continues to drive new trucking industry trends as 2014 draws to a close.  For tomorrow’s truckers, this holds the promise of trucks that are more comfortable and easier to drive.  For fleet owners and managers, the new methods promise fuel savings and...

We’ve got your new tax guy!

Can you believe it’s tax time again? Are you sick of over-paying your income taxes year after stinkin’ year? And are you REALLY tired of listening to the driver in the next booth at the truckstop tell his friend how little he’s paying in taxes — and you KNOW...

Tax Cutting Improves Profits

Greetings, TruckingOffice members, and Happy Tax Cutting! We are proud and privileged to be a member of the TruckingOffice Family and we’re excited about getting to share these tax-cutting ideas with you over the next few weeks.  Our first priority is to keep as...

Are Your Trucks Ready For Winter?

We got our first snow on the ground today in Canton, Ohio.  Winter always has a way of creeping up on us.  Are your trucks ready for winter? Here’s a list of a few things that you should check on your trucks before it gets really cold. Check your anti-freeze in...

Expense Reports Software Simplifies Your Life

One of the most common mistakes businesses make is confusing revenue with profit.  It’s all-too-easy to do.  A big settlement from a client comes in and all of the sudden you remember that fishing rod, stereo component, or item of clothing you’ve had your eye on for a...

How to Choose a Tax Preparer for Truckers

Think – Who did your income taxes last year? Did they give you good service? Were you happy with the result? Did they even KNOW trucker taxes? Over a year ago, the TruckingOffice team made a commitment to go beyond simply providing the very best bookkeeping and record...

How Our IFTA Software Helps You Succeed

If you’re a little confused about how to figure your Interstate Fuel Tax Agreement (IFTA) payments, then you’re far from alone.  Even the publications that the government puts out to “help” with the process make it clear how easy it is to make costly mistakes.  For...

How to Deal With an Angry Customer in 9 Easy Steps

Success as a truck broker involves learning some basic business skills, and one of the most important ones is knowing how to deal with an angry customer. So here are some tips for what to do when this situation comes along: 1. Don’t take it personal – Most of the time...

How Federal DOT Regulations Affect Safety

Federal DOT regulations require that trucking company owners have a program to inspect and maintain every truck in their fleet, whether they have one or 1,000. Understanding what’s expected is an important part of running a successful business. Here’s what the DOT...
IFTA Reports: The Basics

IFTA Reports: The Basics

October 31 is coming up fast. Don’t forget to file your IFTA report! Here’s a basic rundown of what they are, how to file, and how to make it easier. How to File Your IFTA Report 1. To put it simply, the International Fuel Tax Agreement (IFTA) is a pact between the...
Understanding IFTA Fuel Tax Forms

Understanding IFTA Fuel Tax Forms

The International Fuel Tax Agreement (IFTA) was established for two reasons. One, to make it easier and more efficient for motor carriers who operate in multiple states or jurisdictions to report their fuel use. Secondarily to help them pay the appropriate fuel taxes....
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