Known as the industry bible because of its comprehensive nature, the tax manual is an essential resource for anyone involved in, or advising, the horse industry. The manual is a unique compilation of taxation, legal and management information, and has been extensively revised to include up to date information on GST, CGT and Fringe Benefits tax.

Written by Martin O’Connor of Martin J. O’Connor & Associates with collaboration by other industry experts, the manual also contains helpful advice for those just starting out in the industry. It covers everything a horse owner or breeder needs to know to manage their operation, and is also a valuable tool for accountants and lawyers.

Mr O’Connor is known for his expertise in accounting matters for the horse industry – in fact, staff from the Australian Tax Office have been known to call him for advice and information! He has put his considerable expertise on paper for the benefit of the thousands of Australians involved in the horse industry, whether for fun or profit.

"The Horse Owners and Breeders Tax Manual was written so that people involved in horse businesses could take advantage of tax provisions and avoid penalties," explains Mr O’Connor. "We’ve seen too many people make costly mistakes that could have been avoided. Even if it’s just a hobby, there are things they need to know, and we’ve put them into this manual."

Mr O’Connor attributes the popularity of his tax manual to the fact that there’s nothing else like it. "The manual collects everything in one handy reference book, and as far as I know it is the only publication of its type," he says. "Many copies have been sold to accountants, so that they can better advise their horse owner clients."

With its up to date information on handling the GST, Mr O’Connor expects this edition to do very well. "If it stops someone from taking one wrong step, it will more than repay the investment," he says. "On top of which we offer a 14 day money back guarantee."

Previous print runs of the Australian Horse Owners and Breeders Tax Manual have completely sold out. The manual costs $249 including GST, with updates provided at no extra cost for a period of two years from purchase. It is available direct from the publisher, Bloodhorse Breeders Pty Ltd. For information phone (03) 9629 3023, or visit www.cyberhorse.net.au/oconnor.

Pictured: Adam Tims is a Partner of Martin J. O’Connor & Associates