Food trucks are growing in popularity for both customers and entrepreneurs. But even though it's an enjoyable, low-overhead business for those who are passionate about food, a mobile food vendor still needs to be a profitable enterprise like any other, and many food truck owners fail to keep their truck on the road to success. Managing your costs as a food truck business is essential to long-term stability and growth. In short, you have to understand and control the money you're putting into your services and what you're getting back out of it.
26 February 2015
Filling out your taxes for 1099 contract work or as a self-employed taxpayer? You might have just discovered a little-known but important facet of working for yourself - the Self-Employment Tax. What is it and how can you avoid paying too much? What is the Self-Employment Tax? The Self-Employment tax is the full portion of your Social Security and Medicare taxes based on your income. While wage employees also pay a contribution to their Social Security and Medicare taxes, their employers pick up a matching contribution.
18 February 2015