Food trucksEntity 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.
≈ $7k / yr
All industries
Industry playbook
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
1
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.
2
Event and festival income
Organizer payouts, ticketed events and card readers all need to tie back to your books.
3
Vehicles and equipment
The truck, trailer, generator and kitchen build-out can be depreciated — and the strategy matters.
4
When to become an S-Corp
A profitable single-owner truck is often the classic case for an S-Corp election.
How we help
- Bookkeeping that tracks sales by event and location
- Sales tax across cities and counties
- Vehicle and equipment depreciation planning
- Entity setup and S-Corp elections
- Quarterly estimated tax planning
What to bring to your first meeting
Don't have everything? That's normal — we'll help you gather the rest.
A typical engagement
What working with us looks like
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.
Other industries we serve
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.