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Hospitality & Retail · Brisbane

Accountants for Food Trucks

A commercial kitchen on wheels: vehicle costs, event fees, permits and mostly card takings — with margins that live or die on the site you pick.

CPA-qualifiedRegistered Tax & BAS AgentsFixed monthly fees

How is a food truck taxed differently from a restaurant?

The mechanics are similar, but the asset mix isn't. Your vehicle and fitout are the major capital items, with depreciation (and possible write-off) treatment depending on cost and whether it's a commercial vehicle. Costs are dominated by event and site fees, fuel, gas and permits rather than rent. GST applies to most prepared food, and revenue is highly variable — so PAYG instalments and set-asides need active management rather than defaults.

  • Specialist support for food truck and mobile food operators
  • Fixed monthly packages from $220
  • BAS, payroll and year-end handled together
  • Benchmarked against ATO industry figures

What we watch

What matters most for food truck and mobile food operators.

Revenue per event

Track takings, fees, staff hours and food cost per event. Some events lose money reliably — the data shows which.

Vehicle and fitout treatment

Purchase, finance and write-off decisions modelled before you sign, including GST and any car limit implications.

Permits across councils

Multiple council and event permits, food safety and public liability — deductible, but they need tracking to stay current.

Cash and reconciliation

Even mostly-card businesses need clean daily reconciliation. Unexplained variances are exactly what the ATO's benchmarks look for.

Deductions

Food Trucks — what you can claim.

A working checklist we go through with every client in this sector. Substantiation requirements differ by item — we'll tell you which need records and which don't.

  • Truck purchase, finance and depreciation
  • Kitchen fitout and equipment
  • Fuel, gas, servicing and registration
  • Event, market and site fees
  • Food, beverage and packaging
  • Council permits and food licences
  • Public liability and vehicle insurance
  • Uniforms, cleaning and laundry
  • Marketing, signage and social media costs

Free 15-minute consultation

Tell us a little about your situation and we'll reply within one business day.

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FAQ

Food Trucks — questions we're asked most.

Can I claim the whole truck in the first year?

It depends on the write-off provisions applying in the year you buy, the truck's cost, and whether it's classed as a commercial vehicle rather than a car (cars are subject to a depreciation cost limit). Where an immediate deduction isn't available, it's depreciated over its effective life. The finance structure also matters — check before purchase.

Does a food truck need to register for GST?

Compulsory at $75,000 turnover, which most operating trucks pass. Registration also lets you claim GST on the truck, fitout, gas and supplies — often substantial in year one. Most prepared food sold from a truck is GST-taxable.

How do I manage tax on unpredictable income?

Set aside a fixed percentage of every event's takings into a separate account for GST, income tax and super, and review PAYG instalments quarterly rather than accepting an estimate built on a better or worse year. Varying instalments down in a slow quarter is legitimate and preserves cash.

Are event fees fully deductible?

Yes, where they're incurred in earning income — site fees, market stall fees, festival charges and associated permits. Keep the invoices: they're also the data you need to work out which events are actually profitable.

Written & reviewed by

Tax Accountant Brisbane Team

CPA-qualified accountants & registered tax agents

Our Brisbane team has prepared thousands of individual, small-business and SMSF returns since 2015. Every guide on this site is written, fact-checked and updated against current ATO rulings and legislation.

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Ready when you are

Accountants for food trucks — let's talk.

Free 15-minute consultation, fixed monthly fee, and an accountant who already knows your sector.

Call 0422 026 728Get a free quote