You Could save Thousands on Your Cart Hey, folks! If you’re considering buying a hot dog cart or catering trailer, now is the time! Besides the big year end clearance sale going on, you can take advantage of a tax law to deduct a portion of the cost, resulting in even more money saved! If […]
taxes
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 […]
HDVR 45 – How To Collect Sales Tax On Your Hot Dog Cart
EIN, FEIN, FED ID, SALES TAX ID, RESALE ID – HOT DOG VENDOR TRAINING What a mess, first show of the new year and my brain wasn’t in gear. I forgot to turn on the recorder so the first 8 or so minutes is gone. But have no fear. Let me tell you what you […]
Simplifying Sales Tax
Some hot dog vendors work multiple jurisdictions, e.g. different counties or cities. Each jurisdiction may have a different sales tax rate. In my county, we have 7% state sales tax and 2.75% local tax. This is a whooping 9.75% sales tax. Each month, I must fill out a sales and use tax form for the […]