Fuel
Tax Reporting Compliance Management Service:
The full implementation of the International Fuel Tax
Agreement (IFTA) created enormous advantages in tax compliance
administration and disbursement efficiencies for the motor carrier
industry. However, with these consolidation benefits, also came
an increased tax liability exposure, as the base jurisdiction
now automatically applies audit findings across all states of
operation in determining audit and penalty assessments. This change,
coupled with a tremendously increased audit activity level, has
resulted in recent carrier audit assessments exceeding the $1Million
level!
Managing this
audit exposure through a 4 - 6 year statute of limitations is
the single greatest tax compliance challenge in today's transportation business
environment. Ensuring the integrity, accuracy and quality of your
fuel and mileage data through a "Best Practices" approach
and providing superior audit management, support and representation
are the true differentiating factors in any transportation fleets fuel tax compliance
program.
These key
factors are the foundation upon which the Lee TranServices, Inc.'s
Fuel Tax Reporting Compliance Management Service is built, resulting
in the premier tax compliance solution in the marketplace today,
and for the past 20 years. Our philosophy entails managing compliance
and risk/liability reduction on our client's behalf, versus a
document/data processing only role. This differentiating philosophy
- combined with the unsurpassed client cost-effectiveness achieved
in utilizing our technology based solution - has made Lee TranServices the fastest
growing Fuel Tax Services provider in the transportation industry
today. We
are prepared and look forward to putting this expertise to work
for your Organization.
Integrated
Compliance Service Components and Benefits include: