The ROI of Compliance: Comparing Software Costs vs. Fines
Is IFTA software worth the cost? We break down the numbers. See how a $500 fine compares to a monthly subscription.
Penny Wise, Pound Foolish
It's tempting to save money by doing your IFTA manually. But have you calculated the cost of being wrong?
The Cost of a Mistake
The standard penalty for a late or incorrect IFTA filing is $50.00 or 10% of the tax due, whichever is greater.
If you owe $5,000 in tax and make a mistake, your penalty is $500. That is equivalent to years of a software subscription.
The Cost of an Audit
If that mistake triggers an audit, the costs skyrocket.
- Downtime: Days off the road to gather records.
- Accountant Fees: Paying a CPA to reconstruct your logs.
- Stress: You can't put a price on peace of mind.
Cheap Insurance
Think of your software subscription not as an expense, but as insurance. It protects you from math errors, lost receipts, and filing deadlines.
Invest in Peace of Mind: For less than the cost of a truck stop dinner, FastIFTA keeps you compliant, organized, and audit-ready. It pays for itself with the first fine it prevents.