File - Ontario Farriers Association
Ontario Farriers’ Association
905. 931. 8997
Welcome to the Ontario Farriers Association. Promoting fur-
ther education and community for the farriers of Ontario
Cultural exchange update
From Scotland to England and Ireland
By Sara Vanderpol
Hi everyone, hope the summer is treating you well.
My trip has been progressing well. Since the last article I have been through
Scotland, finishing my time with the Hoods, off to the Balfours. In my time
with them I saw a lot of Clydesdale shoeing!
Then off to Derek Gardener’s, set in the beautiful Lake District, England where I saw plenty of forging and tool work. After those 2 weeks
flew by it was time to go to the Yorkshire show. I competed in and finished all the classes although the caliber of work was very high. After
Yorkshire, I spent a few days with Martin Elliot in Barmby Moor, where
I saw lots of performance horseshoeing. Then it was off to Billy Crothers just north of London. I competed in the Handmade Shoes (UK)
contest the next day, there were 120 competitors. During the time
spent at Billy's I started training for the Tour de Farrier. After 9 days it
was a 7 hour drive to the coastal town of St. Bees. Over the next 3
days a group of 25 farriers and family cycled 170 miles across Yorkshire, Whitby to raise funds for the farriers foundation. What an experience!
I spent 2 days working with Huw Dyer at Londonderry Forge with lots
of acrylic work then was off to Simon Jacksons in York. There I did a
bit of touring and shod a large variety of horses. After a quick few
days at Simons it was back to Huws for a night. In the morning I flew
into Belfast, Ireland and was picked up by Alwyn Mckeown, owner of
Crosslan farrier supplies. That Saturday I competed at the Crosslan
Forge annual contest against 42 others in the open division! That
brings us up to this week. I've been staying at Crosslan and working
with a different person each day. Lee Mooney, Martin Payne, Rodney
Ross, Shane Cullen, and Donal Bennett have all been generous
enough to have me ride along for a day. On Tuesday we took a tour of
the coast of Northern Ireland. I took a walk on the rope bridge at Car-
rick-a-Rede which sits 100ft above the sea!
In two days (August 29) I fly back to England where I will be spending the rest of my 4 weeks here. Can't wait to see everyone!
BOOKKEEPING TIPS FOR YOUR BUSINESS
By Lynn Hyodo [email protected]
TIP OF THE MONTH:
PAY YOURSELF FIRST. 10% OF NET EARNINGS.
BALANCE SHEET & INCOME STATEMENT
The balance sheet is the first financial document an investor or bank will want to examine. The balance sheet is a
summary document of all business transactions from the first day of business until the last; unlike the Income
Statement (aka Profit and Loss Statement) which records only a specific period of time (usually monthly, quarterly
The balance sheet consists of three categories:
(what belongs to the business),
- Liabilities (what the business owes) and
(the profit or loss shown on the Income Statement (cumulative)).
Assets can include:
- cash (bank account, investments, etc.),
- accounts receivable (what is owed to the business),
-taxes (income tax, corporate tax, HST, payroll taxes, provincial tax), any rebates, or refunds owed to the company
- inventory (purchases you’ve made and are still available for use or sale)
- fixed assets (tools, equipment, vehicles, land, etc.)
-accounts payable (what the business owes)
-short term debt (usually current portion of any long term debts), and
- long term debt (mortgage, vehicle loan, bank Line of Credit)
-taxes (income tax, corporate tax, HST, payroll taxes, provincial tax
It shows the ‘health’ of the company instantly. How does it show this? When you subtract the Liabilities from the
Assets, if you get a positive number, then the company is healthy; it shows the company can pay its current debts
with its ‘cash on hand’.
Continued on page 9
This should be the second financial statement to be reviewed. The Income Statement shows all the money
earned and spent during a specific period of time; i.e. weekly, monthly, quarterly or annually. The income
statement cannot record beyond a 12-month period, and this 12-month period is referred to as the ‘fiscal’
If you are a sole proprietor, your fiscal year will match the calendar year; January – December.
If you are incorporated, then your fiscal year can be any twelve month period; i.e. March 1 st to February
The Income Statement is in two sections: Revenue and Expenses and at the bottom of the statement a
profit or a loss will show.
Revenue is all the money earned by selling services, selling a fixed asset, or bank interest.
Expenses are all the money spent to earn the Revenue. For example, business licence, taxes, home office
expenses, vehicle expenses, meals on the road (must be 40km away from business address, and, can only
claim 50% of the total).
At the end of the month, quarter or year, the total of the Revenue earned, minus the total of the expenses
incurred to earn that money, will determine if there is a profit or a loss in the business.
---------Home office expenses can be telephone, heating, electricity, internet. The home office expense is calculated based on square footage of the home used for business only. If your garage is also used for storage
and/or forging then the square footage of both home and garage is totalled and divided. (If this space is
shared between personal and business ask your accountant to help you calculate the ‘business portion’.)
Otherwise, if the home office is a room then calculate as follows:
Square footage of home divided by square footage of room = the fractional portion of the expense is
what you can claim.
Eg. 100 sq ft / 10 sq ft = 1/10th or 10% of expenses can be claimed
Vehicle expenses such as fuel, repair and maintenance, insurance, parking, must be backed up with a
mileage diary showing the date used, distance driven, and purpose of the trip.
At the end of the year, the beginning km reading is subtracted from the ending km reading to get the total
number of kms driven in the year. Then, (if any) the personal use is subtracted and then, you can calculate
the percentage the same way as you did above. Apply this percentage to your expenses and record as
‘allowable business’ vehicle expense.
By Lynn Hyodo, [email protected]
September 18-19, Kingston, ON,
Maple Lane Farms, Certification (all levels).
Examiner Steve Morris. For more information
contact Tim Koelln ([email protected]).
October 1-3 2015, AMFQ
See flyer insert for detail following
April 14, 15, 16 Ontario Farriers Association
Annual Convention in Orangville, Ontario.
Details to follow in next issue.
AMFQ Convention 2015
Anatomy and Shoeing
October 1st to 3rd, 2015 (Thursday - Saturday)
M. Mitch Taylor, CJF, AWCF
Schedule of the event :
Thursday October 1st : 8am - Registration at Écurie Maurice Houle
6pm - Cocktail at Hotel Mortagne
Friday October 2nd:
9am - Conference at Hotel Mortagne
6pm - Banquet and Auction
(Don’t forget to bring your item to the auction to help raise funds for your association)
Saturday October 3rd : 9am - Conference at Écurie Maurice Houle
pre-registration BEFORE AUGUST 15:
After august 15:
375 $ (3 days)
450 $ (3 days)
150 $ (1 day)
Écurie Maurice Houle, 2931 rang de Picardie , Varennes (Québec) J3X 1P7
HOTEL Mortagne (Boucherville)
1228, rue Nobel, Boucherville (Québec) J4B 5H1
Regular room rate: 152 $
Reservation: Toll-free 1 (877) 655-9966
Please mention that you are with the BLOC #
15058 « Association des Maréchaux-Ferrants du Québec »,
so you’re sure to be part of the block of rooms reserved.
** For more information, please contact Mr. Julien Paradis 450 291-5737
Mitchell L. Taylor, CJF, AWCF (Owner, Director)
Clinician AMFQ convention 2015
Mitch Taylor began his farrier training in 1975 and has been an AFA Certified Journeyman Farrier
since 1982. After receiving his primary farrier training at Colorado Mountain College, Mitch served his
apprenticeship in southern California specializing in jumping and dressage horses. During the length of
his career, Mr. Taylor has served as the President of the Registry of Professional Farrier Educators, as a
member of the AFA Equine Research Committee, served on the AFA Board of Directors and served as
Chairman of the AFA Education Committee. He also serves on the Welfare and Safety of the Racehorse Summit Shoeing and Hoof Care Committee.
After receiving his Bachelor of Science degree in Biology and Chemistry from Western State College
of Colorado in 1983 and did his post graduate work in Equine Physiology at the University of Kentucky. As a graduate student at UK, Mitch worked as an assistant to Dr. James Rooney, the former director of the Maxwell Gluck Equine Research Center and a noted authority on Equine Anatomy and
Biomechanics. Mitch continues to pursue his interest in equine research by continually investigating
equine anatomy and biomechanics and how that is affected through various shoeing modalities.
Currently, Mitch is the director of the Kentucky Horseshoeing School in Richmond, KY, and received
the AFA’s “Educator of The Year” award for 2007 and 2011, as well as the Jim Linzy outstanding clinician award in 2012. Among his many successful students Mitch is proud to count 9 members of the
AFA US National Horseshoeing Team as well as students who have earned positions with various US
equine teams, leading veterinary hospitals, university veterinary schools and have even shod Kentucky
Derby winners. In addition, Mitch’s students have won the “Rising Shoeing Star” award 3 times.
So I was at a barn the other day and was approached by someone passing
through and needed their 2 horses shod. These horses were generally
ridden on the road for 5 hours a day, 5 days a week. Traction was an
obvious concern as was wear and to this the natural answer was borium.
Some of us use this all the time but many of us don’t and as it happens I
hadn't used it for a while but had some and thought it worth going through
the application process in simple steps so that any readers may be reassured
that driltek borium is easy to use and a great tool for the kit. So here goes…
1. Everything has to start with a proper shoe fit– after you’ve applied
borium to the heals and toe you REALLY don’t want to shape the shoe
again. Make sure your shoe fits the foot .
2. I make a small notch on the drilltek with the anvil devil
according to the size I need. Then , with the piece I need
over the anvil I nock it off with a hammer.
3. After brushing the shoe off well,
then borium, then a touch more
though I use Iron Mountain just
I add a touch of flux,
flux. Most flux will do
because that’s what’s in
4. I turn the forge off so I can
carefully put the shoe
in the best spot and make sure it’s level. You may
require an odd piece of steel in the back to prop it up
and keep it level, but this helps big time– not worth
cheating when you have melted borium all over the floor of your forge.
5. Turn on the forge about 13psi. It doesn't need to be as
hot as for forge welding I’ve found, but just keep an eye
out. When it starts to sparkle and pool its good. Take it
6. Any small moving and adjusting to the placement of the
borium will be done now with the
hammer moving it– not hitting it.
Let it air cool. Do not quench for a while or it will
become too brittle and fracture.
7. After it’s cooled a ways you can brush the hell out of
it. I generally try to organize these shoeings so that you
have time to work on other feet while the previous
shoe is cooling. This saves waiting around
after without something to do. That’s it.
I hope this was helpful to somebody and good
luck. Until next time ..
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Next Issue ; November