Micro share ownership of horses is making it more affordable for the average person to own a part of a horse. However, most people probably do not consider the tax implications of owning shares of a horse. Below we discuss the various ownership types and related taxes.
While most federal tax regulations did not change in the past year there are some 2021 tax reminders for equine industry participants that are important to remember when filing taxes.
Upgraded accounting software puts your equine business in the lead. Explore how replacing an underwhelming solution helps you cross the finish line first.
In an article published in the Summer 2016 edition of our newsletter titled “Be Aware of Changes in Lease Accounting,” we introduced readers to upcoming changes in lease accounting under Generally Accepted Accounting Principles (GAAP). The effective date for the new lease accounting standard – known as FASB Accounting Standards Codification (ASC) 842, Leases – is rapidly approaching.
While current examples of Environmental, Social, and Governance (ESG) programs are on the larger scale, even small and medium businesses can make impactful sustainability goals aligned and reported on through ESG metrics. A focus on sustainability and transparency with these metrics are a growing trend.
Companies view the importance of social, climate and other non-financial factors as crucial for long-term viability and success. A survey by the World Economic Forum found 86 percent of executives agreed that reporting on a set of universal ESG disclosures is important and would be useful for financial markets and the economy.
Learn about the risk of improper cash management and how to fix it to keep your business running efficiently and effectively.
Is your current legacy accounting software costing your business? Explore the hidden dangers of outdated software and discover what upgrading to cloud-based accounting software can do for you.
Discover the benefits of data-driven decision making and how today’s finance leaders can use it to help their companies look to the future.
Tune in for Justin’s intimate conversation with Bill Thomason, recently retired President/CEO of Keeneland, Thoroughbred racetrack and auction house which sits at the epicenter of the Horse Capital of the World. Bill discusses the importance of leadership humility and succession planning as he hands over the reins to the next President/CEO.
