IFTA Compliance Tips for New Entrants in the Trucking Industry
Entering the trucking industry can be both exciting and challenging, especially when it comes to navigating complex regulations like the International Fuel Tax Agreement (IFTA). For new entrants in the trucking world, understanding and adhering to IFTA services and requirements is crucial for smooth operations and regulatory compliance. In this blog post, we'll explore essential tips to help those new to the trucking industry understand IFTA services compliance effectively. So, let’s have a look: Grabbing IFTA basic knowledge The new entrants in the trucking industry must make sure that they know exactly what IFTA is and why it is important to understand before they start. It’s an agreement among the lower 48 U.S. states and the Canadian provinces that makes it easier for interstate motor carriers to report and pay fuel taxes. So, knowing the basics is a must. Getting to Know About Record-keeping The novices, from the beginning, establish a reliable recordkeeping system. The