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The Green Group Partners with Fasig-Tipton

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Equine
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The Green Group thoroughly enjoyed engaging with our long-time clients and meeting new horse owners, jockeys, farm owners, and others related to the equine industry!

We had the pleasure of spending 3 days in Lexington, Kentucky at Fasig-Tipton's October Sale from October 22nd to October 24th! This event turned out to be a perfect collaboration for our accounting and consulting firm that specializes in the thoroughbred industry.

Check out the article written by BloodHorse on our event partnership with Fasig-Tipton:

Chad Brown wins Top Trainer of the Year at The Eclipse Awards

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Equine
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Congratulations to Chad Brown on winning Trainer of the Year at the 47th annual Eclipse Awards. 

We are extremely proud to be a part of his team and it was a true honor to have Jim Benkoil and The Green Group acknowledged for their services in his acceptance speech.

The Green Group is grateful for the dedication Jim provides to all our clients and his unparalleled expertise for serving the equine industry!

Equine Tax Update - Coming Down the Track

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Equine
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There are two items which will greatly benefit you and the industry.

  1. The Veterinarian Medicine Mobility Act

This will allow veterinarians to transport, administer and dispense controlled substances and medications while outside of their registered offices and hospitals.

This will ensure our equine veterinarians the ability to provide their professional services to farms, training facilities and race tracks.

Hobby Losses & Passive Activity in the Horse Industry

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Equine
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Do you know what the IRS is looking for?

Is there a secondary issue that the IRS raises (passive)?

When it comes to auditing hobby losses, especially in the horse industry, many people are not aware of what the IRS is looking for. This article serves the purpose of giving you some insight as to what the IRS wants as proof and how they go about preparing for their audit.

IRS examiners consider the following in their pre-audit analysis: