The April edition of our Proven Strategies column with Thoroughbred Daily News shows you how you can increase your chances of success at the next two-year-old sales auction. Len Green describes the process one should expect to encounter at an auction, the qualities to look for in a potential horse purchase, and how buliding the right team will put you at a competitive advantage.
On March 27th, 2019 the DJ Stable team was honored by Pennsylvania Thoroughbred Horsemen's Association with a Special Achievement Award for Jaywalk! It has been an incredible year for our founder Len Green and his horse operations who we wish continued success!!
JAYWALK (Cross Traffic - Lady Pewitt by Orientate)
2018 Stats: 5-4-1-0 for $1,384,200
Owner: D. J. Stable LLC & Cash Is King LLC
In this month's column with the Thoroughbred Daily News we delve into the world of pinhooking. Len Green, horse owner and taxman along with Ava Agbulos, Supervisor here at The Green Group discuss the tax implications of the 2017 Tax Act for those involved in the equine industry. From bonus depreciation to steps that you can take to enhance your pinhooking profitability, our knowledgeable team members have you covered for your next auction purchase.
This month's column in the Thoroughbred Daily News article explores the Sections 199A deduction that you may qualify for!
Contact us at 732-634-5100 to take advantage of our one-hour free consulation for readers of this column.
We are proud to present our first column in a year-long series with the Thoroughbred Daily News publication! Our firm has been heavily involved in the equine industry since its founding in the 1970s and it continues to play a large role in our firm today!
Our December column discusses how to save you money before the year-end! The 2017 Tax Act has important implications for those involved in the horse industry and we are happy to share with you how to apply these new rules to your business.
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:
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!
There are two items which will greatly benefit you and the industry.
- 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.
Congratulations to our clients who had horses running in The Breeders' Cup 2013!
Sum of the Parts
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: