Does Your ELD Provider Cover your IFTA & IRP Obligations?
Print this Article | Send to Colleague
WEBINAR: Thursday, March 30th at 10:00 AM PST
Using an ELD is mandatory but using an electronic tax solution is voluntary – On-board recording devices, vehicle tracking systems or other electronic data recording systems may be used in lieu of or in addition to handwritten trip reports for IFTA fuel tax and weight mile tax reporting. The devices and systems may also be used in conjunction with other manual or computer systems.
Increasingly, the benefits of reduced paperwork and administrative costs are the motivation for motor carriers to adopt technology solutions to support tax obligations. Given the requirement to procure an ELD solution, is it optimal to leverage the same platform for tax obligations? We say yes. The demands made on technology by tax audit and record keeping requirements are significant. The tax audit process will not only check the correctness and completeness of records, but undertake a holistic and detailed inspection of your entire internal control processes and systems that generated the reports. Leveraging the right aptitude in your ELD provider will keep you operating above the line.