The IRS recently completed a program where it went through 6,000 employer audits and will use the information compiled from the research to educate and hone future audits. While the research is not yet complete, the IRS has identified the areas where they have seen the most issues.
The following is a scenario being used by a full-time farrier. His name, town and state are not being provided in order to keep an Internal Revenue Service (IRS) agent from knocking on his door in regard to this unusual hoof-care business arrangement.
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.
Do you have any idea how much money you have invested in shoeing a horse before you even pick up a hoof? Do you know how much you need to make to break-even?
Profit margin is an excellent tool for tracking how much your farrier business is making, for making internal price comparisons, for determining how much you charge, and for helping make customer determinations.
A team of European researchers has found conformation of the forelimbs (including heel height and pastern angle), height at the withers and neck length can contribute to uneven feet concerns.
During the annual American Association of Equine Practitioners meeting in early December in Seattle, Wash., Michael Weishaupt explained how horses dealing with pain redistribute the load between forelimbs and hindlimbs without causing an overload situation.
The American Farriers Association dedicated a big part of its 33rd annual convention to honoring a visitor from overseas, as guest of honor and legendary Scottish farrier Edward Martin returned to the event for the first time in several years.
In an effort to curb the high costs associated with keeping employees, many business people in the equine industry simply label their workers “independent contractors” instead of “employees.”
Greg Martin, CJF, of Boerne, Texas, takes the unique approach of marketing his hoof-care practice with a Christmas parade float in Boerne and Comfort, Texas. The award-winning float boasts a variety of surprising features.
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.