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Tax question?

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  • Tax question?

    I will be asking my accountant this before I go ahead with anything, so anything you write will not be held against you.

    I have started up giving lessons again and have recently had a few 'larger' people interested in riding once a week. This is fine, except I am SHORT and so my saddles are little. If I buy a larger saddle and perhaps a bigger helmet or two, would these items be tax deductible as part of a business expense?

    TIA.

  • #2
    Yes.
    Just bear in mind they are supposed to be the property of your business, you have to file a sched C or F etc etc.
    We deduct or depreciate all items used for the care of the small stock including handling devices, ie tack. We also deduct boots. coveralls and gloves for ourselves, within reason.
    Courageous Weenie Eventer Wannabe
    Incredible Invisible

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    • Original Poster

      #3
      Tx RS!

      Now - along this line: What would the best BIG saddle be for someone wanting to learn english, perhaps do some trail riding and cross-rail type riding in the future? Comfy and secure would be my main concerns for the rider and, obviously, fit for the horse. I was thinking Thoroughgood (sp?) but how big do those go up to?

      Tx again!

      Comment


      • #4
        You're welcome. Now big saddles? That's a whole 'nother thread!
        Courageous Weenie Eventer Wannabe
        Incredible Invisible

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        • #5
          I agree -- definitely a new thread topic.

          Wintec has some large seats, and we use them for our larger volunteers to be able to ride, and allow them only to ride horses that are structurally able to carry taht rider's weight. The lightness of the wintec helps ease the horse's load when carrying a larger rider. We also have our larger, less stable riders use a Tucker we were thrilled to get donated to us. It feels more secure, more 'wrapped around' them, but, even though it has no horn it has a 'handhold' and we don't like that particular part of it. we don't like having riders grap a 'safety point', and immediately start curling up into fetal position...
          AnnMarie Cross, Pres, Crosswinds Equine Rescue, cwer.org
          Sidell IL (near Champ./UofI/Danville IL/IN state border)

          Comment


          • #6
            Sure, why wouldn't they be deductible? It is a business expense. Whether you can write them off outright vs a depreciation schedule I do not know.

            You might want to encourage adults to buy their own helmets, especially if they've ridden once or twice already and they like it. This way you ensure it fits well (a "larger" helmet fits differently across brands). And they really aren't that expensive (under $50). Plus from your angle, it's less money you have to shell out and less stuff to store & maintain.

            I'm a larger rider. I feel just fine in the Wintec. I think they go up to 18 or 18.5 in English. I liked them so much, I bought one for my own horse.
            Veterinarians for Equine Welfare

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            • #7
              I've had a Wintec 18" dressage saddle for years. Very comfortable, very durable -- and easy to clean!
              The inherent vice of Capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.
              Winston Churchill

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              • #8
                Originally posted by Come Shine View Post
                If I buy a larger saddle and perhaps a bigger helmet or two, would these items be tax deductible as part of a business expense?

                TIA.
                Check with your insurance about supplying helmets
                I wasn't always a Smurf
                Penmerryl's Sophie RIDSH
                "I ain't as good as I once was but I'm as good once as I ever was"
                The ignore list is my friend. It takes 2 to argue.

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                • #9
                  The lightness of the wintec helps ease the horse's load when carrying a larger rider.
                  What is this some sort of fat person fantasy?

                  The difference between my 14 lb wintec and my 20 lb Passier isn't going to make a whisp of difference to my horse when it comes to someone else's 200 lb butt.

                  For the larger rider, get the saddle with the largest panels that fits the horse properly. That might be a good used Keiffer or Passier or such, but with large newly restuffed butterfly panels, or it might be a large Wintec with CAIR, or something else.
                  "The Threat of Internet Ignorance: ... we are witnessing the rise of an age of equestrian disinformation, one where a trusting public can graze on nonsense packaged to look like fact."-LRG-AF

                  Comment

                  • Original Poster

                    #10
                    I kind of have two threads going about this so:

                    To whoever suggested taking off the knee blocks - Thank you! What a huge difference! And it looks like I will be able to get my 'big' saddle down from consignment, so problem is solved. Yay!!!

                    They already need to supply their own helmet. I do have a couple that I keep as spares if someone comes out for the first time with something 'iffy' but having an up-to-date approved helmet is a must. If they don't agree with that, they are more than welcome to find a different coach. I always tell them that the only thing I can completely 100% guarantee if they ride is that they will fall off. My job as the coach is to minimize the risk of that happening and the damage that will ensue when it does happen, but it will happen. Oh, goodness, I sure hopped right up on that soapbox!!

                    Thanks for the advice about checking with my insurance about supplying helmets. I simply assumed that since I knew they were current, approved, and fit, that would be a better alternative than letting someone ride in something I was not as sure of.

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                    • #11
                      As an FYI, it can be a liability problem to furnish helmets. We require ASTM certified helmets supplied by the rider/boarder. No helmet, no ride.

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