Hobby or Business? Defining your Equine Venture

Ever wonder....?

According to the Internal Revenue Service, if your main objective is to make a profit, then you are considered a legitimate business.

---

Many people involved within the horse industry often do not view their small horse operation as a business. They are surprised to learn that you do not have to own a large facility or have several years of experience to be considered an equine business. According to the Internal Revenue Service (IRS), if your main objective is to make a profit, then you are considered a legitimate business.

To read more
follow through here:
Article from The Horse.Com
The Horse.Com, Hobby or Business

And Don't forget to listen to the Tax-Teleseminar

A Teleseminar Worth YOUR time

Get some Facts regarding the IRS and Equestrian Activities

Richard B Dicks
CPA and Horse Business person

This call was LIVE on Wednesday, July 9 It's now in replay. Sign Up Below to listen to the replay!

My favorite topic is Small business and the optimization of Net Income. Many horse owners have erroneous ideas and have listened to Hear-say regarding the Income Tax consequences and advantages offered to the equestrian business person.

Richard B. Dicks, our "CPA Guy" is back, and he's answering your equine business questions:

• "How can I form the business plan that will most help me to make money with horses?"

• "What about legal liability for trail rides, or just having horses as a disabled woman?"

• "What are some pros and cons of forming an LLC?"

• "What are the top three mistakes horse businesses make with their bookkeeping that most affect their profits?"

• "What are the top three mistakes you see horse businesses making - and how can they be prevented?"

• "What are the top three issues you see affecting the equine industry?"

If you run any kind of horse business, or plan on it, you need to be on this call! Ask your question in the "My Burning Questions" area here, and we'll get to them in order.

Click Here to get to the Submit page
Worth every minute of
Your Time
and Energy