It is no surprise to any working farrier that the daily costs of running a footcare practice will amount to enormous yearly expenses. The United States’ Internal Revenue Service (IRS) recognizes that running a business can be expensive, and allows deductions of business expenses on income tax returns.
The end of the year is a great time to review your business operations. A critical part of this is tax preparation for your hoof-care practice. How prepared are you for reporting your business expenses?
Your hoof-care business can't prosper if you're out of work. And as a farrier, you can count on this: At some point, at least one horse will step on your toes or stomp on your foot.
Many farrier business owners utilize novice farriers, apprentices and other interested individuals to help with day-to-day tasks such as loading and unloading tools, clean-up and finishing feet. But you need to be aware that a person being utilized in this manner may very well be an employee, entitled to employee benefits.
There are many different types of business structures. There is also a lot of confusion over which one is best — particularly for those of us in the hoof-care business.
In this episode, Mark Ellis, a Wisconsin farrier who learned the ropes with Renchin, recalls Red’s relationships with area veterinarians, his legacy and the second career as American Farriers Journal’s technical editor.
Life Data Labs Inc. is a dedicated product manufacturer committed to producing premium quality animal nutrition and health products through continuous product improvement and new product development. First-class ingredients, fresh products, consistent high quality and scientifically proven effectiveness are the principal features of Life Data Labs animal health products. And that's why they've produced the #1 recommended hoof supplement by farriers for 12 consecutive years.
Kawell develops and produces copper alloy horseshoes and inserts, giving horses the care that they need to fight issues associated with white line disease, seedy toe and thrush.
From the feed room to the tack room, SmartPak offers innovative solutions to help riders take great care of their horses. SmartPak was founded in 1999 with the introduction of the patented SmartPak™ supplement feeding system. The revolutionary, daily dose SmartPaks are custom-made for your horse, individually labeled and sealed for freshness.