Buck O'Neil

Buck O’Neil is a certified journeyman farrier from Horse Shoe, N.C., who is a certified public accountant and holds a master’s degree in taxation.

ARTICLES

So It’s Time To Sell Your Farrier Business

If you’re thinking about retirement or switching occupations, determining the value of your footcare business isn’t easy
The sale of any business is complicated, and selling a small, personal-service business like a farrier practice that is built around developing successful client relationships is even more difficult. A business sale is composed of two parties exchanging assets that they agree are of similar value. In this case, this usually would mean paying all cash or coming up with some type of a combination of a cash payment plus an earn-out arrangement when purchasing a farrier business.
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Avoid Penalties By Staying Aware Of Sales Tax Laws

State and municipal regulations on charging sales tax can change with little notice and affect your business operations
I recently was reminded how things in the business world can change without much notice. I took my trusty old truck in for some service. When I dropped it off, my mechanic said that he had some bad news. Now, that’s scary when he hasn’t even looked at the truck! The bad news was that North Carolina had expanded its sales tax laws to include labor charges related to repairs, maintenance and installation of a number of products.
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Credit: A Powerful Tool If Used Carefully

Credit is a lot like a chain saw. Used wisely and carefully, it can be highly productive and make operations easier. However, used carelessly and foolishly, the results can be devastating, even deadly, and take a long time to overcome at a high cost.
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Don’t Forget: Horseshoeing Is A Business

In this first article in a series on business management, a farrier with an accounting background explains the mindset for running a business to prevent it from running you
I've been shoeing horses for money since 1966. I've seen the industry boom and bust to varying degrees a few times.
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