The Legit Ledgers Blog
Commonly Confused Equine Expenses: Business VS Personal
There's a lot of confusion surrounding many of the expenses that can be taken as tax deductions where horse businesses are concerned. Here are a few that are commonly confusing for business owners. ...more
Equine - Tax Tips ,Business Owners &Equine Bookkeeping
December 23, 2024•3 min read
Why Hire an Equine Bookkeeping Professional
As an equine professional, your expertise lies in delivering exceptional services/horses to your clients. Managing your finances can divert your focus from your core business. Hiring an equine-special... ...more
Business Owners ,Equine Bookkeeping
November 25, 2024•2 min read
Horses: Fixed Asset or Inventory?
Do you ever wonder if your horses should be classified as fixed assets or inventory? This important distinction can play a key role in your how your taxes are reported each year! ...more
Business Owners ,Equine Bookkeeping
September 25, 2024•3 min read
Are My Barn Workers Contractors or Employees?
Avoid the headache, penalties, and lawsuits by determining if your horse barn workers are contractors or employees by using the guidelines provided by the IRS. ...more
Equine Bookkeeping
July 30, 2024•3 min read
Checklist for Keeping Your Horse Business's Bookkeeping on Track
With how busy your horse business keeps you, how can you possibly remember every single bookkeeping task you need to do regularly to stay compliant, keep tax season simple, and analyze your business's... ...more
Equine Bookkeeping
July 11, 2024•1 min read
