Tax Update for Horse and Farm Owners

February 20, 2020

1:00 – 2:00 p.m. EST

Dean Dorton, one of the largest CPA firms based in Kentucky and a partner of the National Thoroughbred Racing Association (NTRA), is teaming with the NTRA to host its annual webinar on February 20 focusing on key federal tax reform items for horse and farm owners.

“Then NTRA is pleased to collaborate once again with the experienced equine tax accountants at Dean Dorton,” said Alex Waldrop, President and CEO of the NTRA. “Dean Dorton’s team is among the best at communicating the insights and benefits available to those in the equine community and this webinar has proven an invaluable resource.”

Among the topics slated to be covered during the webinar are:

  • Lessons learned after Federal tax reform
  • Tax incentives, including accelerated depreciation, available to industry participants
  • Hobby loss and passive activity reminders
  • Multistate sales and use tax considerations for horse owners


Guests

  • Jen Shah, Director of Tax Services and Equine Team Leader, Dean Dorton CPAs and Business Advisors

Jen Shah, CPA
Director of Tax Services and Equine Team Leader

Dean Dorton CPAs and Business Advisors

“We are excited to partner with the NTRA to host this webinar,” Shah said. “While filing taxes is just another task on most people’s list, we understand the nuances and importance of different variables that specifically impact the equine industry and we value bringing maximum benefit to horse and farm owners from both a personal and operational perspective. Our unique background and expertise of more than 40 years of serving the industry with accounting, tax, and business consulting services makes this such an enjoyable collaboration for us.”

Jen began her public accounting career at a Big 4 accounting firm, where she specialized in individual international tax matters. Jen joined Dean Dorton in 2003 and advises business and individual clients on tax and general business consulting matters. She has worked with a variety of clients in many different industries, but spends much of her time working with high net worth individuals and related entities including businesses, trusts and foundations.

Jen currently leads the firm’s equine practice. In addition to working extensively with participants in the equine industry, she advises clients on general international tax matters.

Outside of assisting clients, Jen is a frequent speaker on tax matters, most recently speaking at the National Thoroughbred Owner Conference, Saratoga Institute on Equine, Racing, & Gaming Law Conference, and Consignors and Commercial Breeders Association Symposium among other industry events. She currently serves as the treasurer of Thoroughbred Aftercare Alliance and is a finance committee member of Horse Country, Inc. in addition to other industry involvement.

 

Dean Dorton CPAs and Business Advisors
For more than 35 years, Dean Dorton’s team has served a broad spectrum of people and organizations involved in the equine industry, from small boarding farms to large multi-departmental farms involved in boarding, breeding, selling, and stallion management; from racing stables to a racetrack; from bloodstock agents to equine veterinary firms; and from industry associations to equine insurance agencies. For more information visit https://deandorton.com/industries/equine/