Aug 17 2020 29 mins 10
Are your goats or goat expenses tax deductible? It depends! Learn the many ways goats can affect your taxes (or not) with Harley Raptor CPA and "Accountant Warrior" as she describes the different ways to treat goats on your taxes and what differentiates a business from a hobby. 2:00 What's the difference between a hobby and a business. 9 factors from IRS 5:39 Do marketing expenses help create a legitimate business? 6:28 Contractors vs Employees 9:58 Additional accounting expenses to think about 12:00 What are quarterly taxes and why do people have to pay them? 14:35 What if you file as a sole proprietor, LLC, or S-corp? Goat Law Episode 20:50 How do we keep good records for accounting purposes? 26:00 What criteria must you meet to write something off as a business expense. How to find Harley Raptor: https://www.facebook.com/HarleyRaptorCPA http://www.harleyraptor.com/
