Episode 69: Tax Deductions - Therapy Animals (with Heidi Stepzinski)

Dogs, cats, hamsters... Oh my! We're back with another episode in our Tax Deduction Series! Today, we are joined again by the wonderful Heidi Stepzinski of the GreenOak Accounting team to talk about therapy animals and how you could potentially save some money on your taxes if you have them!

Episode Highlights:

• What is a therapy animal considered tax deductible for the practice owner?
  • When there is a practice purpose and need to have the animal at the practice and to work directly with clients
• What types of expenses are included in the deduction?
  • All training the animal receives for their work in the practice is 100% deductible
  • Veterinary visits and purchases for daily care are deductible at a rate based on how much the animal is interactive in the business

DISCLAIMER: Always consult with a tax professional to determine what tax deductions you are eligible for.

Links & Resources:
GreenOak Accounting
Therapy For Your Money Podcast