For the Love of Goats
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.
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.
For more information:
Independent Contractor vs Employee
Hobby vs Business
Conquer Quarterly Taxes – Online course for US-based business owners who want to understand quarterly taxes without the stress and fear.
How to find Harley Raptor:
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