Out Around the Barn

This may sound really strange but, how many of us think of pen and paper as farm equipment?  How many notes do we jot down each day to remind us of a piece of livestock equipment, feed and supplements, tools or fencing supplies that we need to pick up to start or finish a job?

Isn’t it amazing.  The smallest things that we utilize everyday really plays a very important part in our businesses.  We keep records of all our livestock , like all their offspring’s births, vaccinations, de-worming and weaning dates.  We track their eating habits and their activities.  Even with the adults, we track their habits and cycles so we know when the time is right to breed for the next year.

We take notes.  I know we carry note cards with us to write any changes down that we encounter and then we record them in our computer on our farm program.  Even our computer is part of our business so it is also considered as farm equipment. 

Remember, there are all kinds of equipment and even the simplest items can be just that and they are tax deductible sometimes.  Check with your CPA to be certain on what you can deduct come tax time.