Our Services
Comprehensive financial support built for the complexity of equine operations — and the businesses that support them.
CORE CAPABILITIES
What We Do
Monthly Bookkeeping
Reconciled, categorized, and organized books delivered every month. We use QuickBooks, Xero, or Ambrook — whichever fits your operation. Equine-specific chart of accounts included.
Tax Preparation
Federal and state income tax return preparation for equine businesses (Schedule F), sole proprietors/LLCs (Schedule C), and LLPs (1065/1120S). We know the deductions, the timing, and the risk areas.
Hobby Loss Defense & IRS Risk Review
We evaluate your books against IRS hobby-loss criteria (IRC §183) before the IRS does. We structure your records to demonstrate business intent and protect your deductions.
Agricultural Tax Exemption Management
We confirm your state's ag exemption eligibility, help you apply for exemption certificates, and track your exempt purchases separately - so you claim every dollar you're owed.
Entity Setup & Financial Systems
New operation or growing barn? We help you choose the right entity structure (Sole Proprietor, LLC, S-Corp), set up your chart of accounts, and build financial systems that scale.
Nonprofit Advisory
BY REFERRAL ONLY
Limited financial advisory services for mission-driven organizations. Includes financial procedures review, board reporting, and compliance guidance.
SPECIALIZED KNOWLEDGE
Why Equine Books Are Different
| ✓ | Livestock on the balance sheet — horses are depreciable assets |
| ✓ | State agricultural sales tax exemptions for feed, supplies, and equipment |
| ✓ | Agister's lien compliance and receivables management |
| ✓ | Equine Activity Liability Act (EALA) compliance awareness |
| ✓ | Schedule F vs. Schedule C — the right form matters |
| ✓ | Hobby loss risk (IRS §183) — we structure your books to defend it |
| ✓ | Seasonal cash flow from show circuits and breeding seasons |
| ✓ | Board, training, and lesson income categorized correctly |
Getting Started
Your First 90 Days with StablePoint
Intake & Discovery
We review your current books, business structure, and financial history. We identify gaps, risks, and quick wins. You complete a brief intake questionnaire.
Onboarding & Cleanup
We set up or restructure your chart of accounts, clean up prior-period records, and establish your monthly document submission workflow via secure client portal.
Reporting Rhythm
You submit documents monthly or quarterly through Drake Portals. We reconcile, categorize, and deliver clean reports. We flag issues before they become problems.