Gil Galyean – NSBA’s First Million-Dollar Man
January 3, 2016 Comments Off on Gil Galyean – NSBA’s First Million-Dollar Man
Congress wins are always memorable; but for Gil Galyean, the 2015 Quarter Horse Congress will stand out for a very special reason. It was during the Congress that he became the first rider in NSBA history to record more than $1 million in earnings. As scores were tallied during The Equine Chronicle Masters Two-Year-Old Western Pleasure class, a ceremony to mark his achievement was held in the center of the arena.
Continue reading …Mike & Joanne Garnett – Horse Life
January 2, 2016 Comments Off on Mike & Joanne Garnett – Horse Life
Mike and Joanne Garnett of Lincoln, Nebraska are a powerhouse couple in the AQHA Select Amateur arena, yet they are quick to flash a smile and always ready to cheer on their fellow exhibitors. Horses brought these two together and continue to be the focal point of a successful marriage and a fulfilling lifestyle.
Continue reading …Happy New Year! Help Make Your 2016 Resolutions Stick
January 1, 2016 Comments Off on Happy New Year! Help Make Your 2016 Resolutions Stick
The turning of the calendar page marks the beginning of a brand new year and a fresh start.
Continue reading …Cody Parrish- Young, Up-and-Coming
January 1, 2016 Comments Off on Cody Parrish- Young, Up-and-Coming
From the very beginning, there was little doubt Cody was on an upward trajectory in the industry based on his career as a youth competitor. Growing up on the family’s beautiful 64-acre farm in South Georgia, he was in the saddle from the time he could sit up.
Continue reading …Top 10 EquineChronicle.com Stories For 2015
December 31, 2015 Comments Off on Top 10 EquineChronicle.com Stories For 2015
Claiming the top spot for the most read post on EquineChronicle.com in 2015 was a blog written by an exhibitor who gave his take on the unfortunate use of social media to spread mean-spirited criticism of different disciplines and even individual horses and riders.
Continue reading …Tax Matters – Horse Syndications Are Coming Back?
December 31, 2015 Comments Off on Tax Matters – Horse Syndications Are Coming Back?
The Tax Court has recognized that horse racing or breeding is a highly speculative venture, but that “an opportunity to earn a substantial ultimate profit in a highly speculative venture is ordinarily sufficient to indicate that the activity is engaged in for profit even though losses or only occasional small profits are actually generated.”
Continue reading …S/C 1 Results and Day 1-2 Photos From Florida Gold Coast
December 30, 2015 Comments Off on S/C 1 Results and Day 1-2 Photos From Florida Gold Coast
In addition to fantastic weather, Mark Harrell Horse Show Management indicates a great turnout for the first split/combined show of more than 1,200 entries per judge, which shows tremendous growth over 2014.
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The holiday season has come and gone and as we enter the 2016 breeding season, the business of breeding horses is in full swing. Babies are born, breedings are booked and broodmares are made ready, all with thoughts of the 2017 foal crop and the next “great one”.
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Stallion owner Sandra Morgan echoes a popular sentiment when she describes meeting her 16.1 hand, handsome hunk of a horse known as Mechanic. “I’ve always loved Mechanic since the first time I set eyes on him,” she says.
Continue reading …Congress Passes Tax Bill with Horse Benefits; President Intends to Sign
December 28, 2015 Comments Off on Congress Passes Tax Bill with Horse Benefits; President Intends to Sign
These benefits include making all race horses depreciable over three years; the ability to immediately expense or write-off up to $500,000 in depreciable business property; and bonus depreciation, which allows the deduction of 50% of the cost of new property purchased and placed in service. All of these provisions apply to horses and other assets used in a horse business.
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