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.
Full show notes here --- https://thriftyhomesteader.com/accounting-with-goats/
To see the most recent episodes, visit FortheLoveofGoats.com
2:00 What's the difference between a hobby and a business.
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?
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/
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Thanks for tuning in!
No one ever said raising goats was easy, but it doesn't have to cost a fortune or drive you crazy! You just need the right information.
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Happy goat-keeping! 🐐