Tax Laws Affecting Wineries

Financial Forecasting and Cash Flow Planning

The costs involved with starting and owning a winery are substantial. In addition to purchasing land and equipment, it can take years before you are able to sell your first bottle of wine. Proper cash flow management is crucial to success in the wine industry.

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New Tax Laws For Wineries

SSARS 21 – The New CPA Prepared Financial Statement

Released in October 2014 by the American Institute of CPAs (AICPA) Accounting and Review Committee, the Statement Standards for Accounting and Review Services No. 21 (SSARS 21) is considered the most substantial change to accounting standards since the 1970s.

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Winery CPA Firms

New Tax Laws and How They Affect the Wine Industry

The Tax Cuts and Jobs Act offers numerous tax planning opportunities for businesses in the wine industry. Several changes took place, the following details the most prominent changes and how they can affect wineries and vineyards throughout the United States.

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