Equine Industry Services

Thoroughbred horses are unique animals and the equine industry is a unique industry that requires specialized knowledge and accounting services. At Fister, Williams & Oberlander, we have the expertise and depth of experience in the equine industry to deliver high-quality tax and accounting

  • Racing operations
  • Bloodstock agents
  • Farms involved in boarding, breeding, consignment, and stallion syndication
  • Racing and breeding partnerships / Co-ownership Arrangement
  • Veterinarian, Blacksmith & Vanning Services

We provide a wide range of services to our equine clients. The following is an outline of services available to our equine clients:

Tax Services

  • Tax planning and strategies to minimize income taxes
  • Minimizing exposure to the hobby loss rules
  • Managing the impact of the passive loss rules
  • Using the involuntary conversion rules to defer income taxes on insurance recoveries related to horse and farm casualties
  • Representing clients with federal and state taxing authorities
  • Taking advantage of the depreciation rules as it relates to horses and farms
  • Develop strategies for like kind exchanges for thoroughbred horses
  • Preparation of U.S. federal, multi-state, local and tangible income tax returns

Accounting Services

  • Audits, reviews and compilation services
  • Monthly/Quarterly write-up services—payroll, billing, payables & financial  statement preparation
  • Prepare key performance indicators and benchmarking with internal/external industry analysis

Consulting Services

  • Provide litigation and forensic services
  • Provide business valuation services for estate and gift tax planning purposes
  • Provide off-site controller management services 

Tax Due Dates