Howdy, howdy! I’m Ben, and today I’m going to talk about something that doesn’t involve grilling hot dogs or squeezing fresh lemonade, but it’s just as important—tax write-offs. Whether you’re running a hot dog cart, a food truck, or a lemonade stand, if you aren’t taking advantage of every tax benefit out there, you’re leaving […]
Taxes
Understanding EIN – FEIN – FED ID – SALES TAX ID
Simple and understandable. Understanding EIN – FEIN – FED ID – SALES TAX ID in less than 30 seconds. Starting now… EIN (employer identification number) FEIN (federal employer identification number) FED-ID (federal employer identification number) All three of those above are exactly the same thing. I like to think it as a Social Security Number […]
How to Calculate Sales Tax the Easy Way
If you saw a $20 bill on the ground, would you pick it up or leave it there? Lots of hot dog vendors are leaving money on the ground every month because they are figuring out their sales tax wrong, and they end up paying too much! There are many hot dog business courses out […]
Collecting Sales Tax – Most Vendors Are Overpaying – Are You?
Overpaying On Your Hot Dog Vendor Sales Taxes? You’re not alone… most vendors do overpay because of this very common mistake. In the video below I’ll help you to never overpay plus offer some tips: Why are there 2 types of tax id’s? The big mistake that’s costing you money How to do it the right way […]
Part 8 A to Z Hot Dog Vendor Training – Setting Up Your Legal Business Identity
Need help setting up your business identity? Part of starting your street food business is setting up your business as a legal entity. In part 8 we will discuss sole proprietorships, corporate identities like INC and LLCs. I will give my personal opinions as I am not an accountant or tax adviser but you will […]