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Industry playbook · 04

Food trucks & catering

Moving between cities, counties and events means more permits, more sales tax jurisdictions and more records to keep.

Where the details matter

What makes this business different

01

Sales tax by location

Local rates can differ by where you park and where you deliver. We track it so each sale is taxed correctly.

02

Event and festival income

Organizer payouts, ticketed events and card readers all need to tie back to your books.

03

Vehicles and equipment

The truck, trailer, generator and kitchen build-out can be depreciated — and the strategy matters.

04

When to become an S-Corp

A profitable single-owner truck is often the classic case for an S-Corp election.

A typical engagement

What working with us looks like

Case file · 04Entity planning

A food truck owner elects S-Corp status

A single-owner truck netted about $120,000 a year as a sole proprietorship — all of it subject to self-employment tax.

What we did

  1. 1Modeled a reasonable salary for the owner's role
  2. 2Filed the S-Corp election and set up payroll
  3. 3Planned quarterly estimates and year-end filings

The result

Estimated payroll-tax savings of roughly $7,000 a year, before added payroll and filing costs.

≈ $7k / yr

Illustrative examples based on common situations — not specific client results.

FAQ

Common questions

Can I deduct my food truck?

Generally yes. Trucks, trailers and kitchen equipment used in the business can be depreciated, and much of the cost can often be deducted in the first year. We plan the timing with you.

Do I need to pay estimated taxes?

If you expect to owe $1,000 or more when you file, the IRS generally expects quarterly payments. Our estimated tax planner shows a safe-harbor amount.

Let's take the first step toward financial clarity.

Tell us about your business and we'll get back to you with clear next steps — no obligation.