About this episode
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. 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/ Want to support the content you love? Head over to -- https://thrifty-homesteader.ck.page/products/love-goats-tip-jar Thanks for tuning in! If you’d like to support the content you love and help us keep bringing you new goat resources, you can do that through our Tip Jar . 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. 🔹 Check out Goats 365 membership 🔹 Or explore The Goat Academy 🔹 Looking for Deborah's books? They can be purchased wherever books are sold, or you can get an autographed copy on our online store . Happy goat-keeping! 🐐