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TAILWIND ANNOUNCES THE ROLL-OUT OF IT'S COST SAVING I.F.T.A. FUEL TAX MODULE
Dateline: November 2, 2005 ... Vancouver, B.C.
Contact Name: Peter Bryant, Tailwind Management Systems
Contact Phone: 866-441-0441
E-mail: info@tailwindsys.com
Web Address: http://www.tailwindsys.com
VANCOUVER, BC - November 2, 2005 - Tailwind Management Systems Inc.
is offering it's clients a more efficient way to handle their I.F.T.A.
Fuel Tax paperwork.
A trucking company must report what miles were driven by each of their
trucks in every jurisdiction, every three months. Years ago a trucking
company had to file individually for each jurisdiction, meaning a
great deal of paperwork had to be completed. However, a few years ago
I.F.T.A. was introduced and a trucking company could then choose it's
base state to file with and that state would then in turn file with
each of the other jurisdictions.
For example, a truck travels 300 miles through the State of
Washington, getting 5 miles to the gallon. In theory, the truck will
consume 60 gallons of fuel to drive through Washington. Washington
State then expects that the truck owner will now pay them the taxes on
60 gallons of fuel. If the tax rate in Washington is PRESSRELEASE.06 cents per
gallon and that truck did NOT purchase fuel in Washington, the truck
owner owes Washington .60 worth of taxes. If the truck purchased
100 gallons of fuel while traversing the state, then Washington State
owes that truck the difference.
Lynda Clare, Tailwind's Manager of Client Services, who has many years
of experience running trucking companies, said the new Tailwind
I.F.T.A. Fuel Tax Module will greatly assist transportation companies
in handling their reporting obligations.
With Tailwind's new Fuel Tax Module, users can compile all dispatches
(pick up and drop locations) and fuel purchases for the fleet, which
are organized by unit number and fuel tax quarter. Users can also
scroll through the dispatches and fuel purchases to organize them in a
logical order, in addition to being able to insert or delete a location
if needed. Lastly, the Fuel Tax Module will show the jurisdictional
miles on the screen, enabling the user to export the information to a
fuel tax program and print a report that can be used to fill out
I.F.T.A. forms.
About Tailwind Management Systems Inc.
Based in Vancouver BC, Tailwind Management Systems Inc., has
installations across North America. Tailwind is fast becoming the
transportation industry's leading provider of next generation
transportation software systems for LTL, full-load trucking and
freight brokerage companies. Tailwind applications are fully
integrated with leading industry mileage, accounting, GPS tracking and
fuel monitoring systems.
For further information on Tailwind's innovative suite of
transportation software or a demonstration of its functionality, visit
their website at http://www.tailwindsys.com or call 866-441-0441 (toll
free) or email: info@tailwindsys.com.
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