Practical guides on fuel reconciliation, tax strategies, and store-side margins, written by the team that does this every day.
Tax & Compliance
Most owners claim the obvious expenses and miss the ones that need good records. This is a plain checklist of deductions...
Tax & Compliance
If your store sells money orders, cashes checks or takes large amounts of cash, anti-money-laundering rules may apply to...
Tax & Compliance
A gas station has more tax moving parts than most small businesses: income tax, sales tax, payroll, fuel taxes and more....
Tax & Compliance
Most station owners start as an LLC and wonder whether an S-corp election would save tax. The answer depends on profit,...
Tax & Compliance
A cost segregation study splits a station purchase into parts that depreciate faster, which can pull deductions forward...
Tax & Compliance
The federal excise tax on gasoline is 18.4 cents a gallon and on diesel 24.4 cents, and states add their own. Here is th...
Tax & Compliance
Motor fuel tax is built into every gallon you sell, but who actually pays it to the government depends on your state and...
Tax & Compliance
Gas stations collect sales tax across fuel, prepared food, packaged goods, tobacco, and more - each with different rates...
Tax & Compliance
Gas station tax compliance is more complex than most small businesses. Between motor fuel excise tax, multi-rate sales t...
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Gas station & c-store accounting questions, answered.