THE FINANCIAL ADVOCATE FOR REMARKABLE WINERIES

Strategies for Increasing Profitability in Challenging Times

Practical strategies to increase profitability In today’s competitive market, profitability is more important than ever. This article aims to provide practical strategies to increase profitability. We understand the unique challenges you’re facing and want to offer guidance which can help you not only weather this period but emerge stronger. Below are several ideas for creating […]

Introducing Fire Insurance Protection – Smoke Index (FIP-SI) in 2025

Introducing Fire Insurance Protection – Smoke Index (FIP-SI) in 2025 which will be a game-changer for California Grape Growers. The USDA Risk Management Agency (RMA) has announced the introduction of a new crop insurance program. This program is tailored specifically for addressing smoke damage. The Fire Insurance Protection – Smoke Index (FIP-SI), will debut in […]

A Conversation About Today’s Wine Industry Challenges

Listen to a casual and insightful discussion on the Small Fortune Podcast. Carol Collison and Tim Allen of Allen Wine Group have a conversation about today’s wine industry challenges. Everyone’s so busy these days! So host Carol Collison invited Tim from Allen Wine Group to join her for a wide ranging conversation on topics such […]

New Beneficial Ownership Information Report Requirement

There is a new and important reporting requirement mandated by the Financial Crime Enforcement Network (FinCEN) of the US Department of the Treasury, under the Corporate Transparency Act called the Beneficial Ownership Information report. Many small business are now required to file this and we want you to be informed. What is the Beneficial Ownership Information Report? […]

Winery Collateral Audits | A Service of Allen Wine Group

Winery Collateral Audits

Allen Wine Group offers winery collateral audits for our banking partners. This service provides a comprehensive evaluation and measurement of the asset collateral and risk for winery loans, empowering our partners to make informed decisions and manage their risks effectively. Our years of experience in the wine industry prove invaluable in understanding the complexities associated […]

Phase 2 of the Emergency Relief Program (ERP)

Phase 2 of the Emergency Relief Program (ERP)

ERP Coverage & Revenue Losses: Phase 2, a tax-year-based certification program, is designed to provide assistance to those who suffered a revenue loss during the 2020-2021 calendar years. This article aims to break down the qualifications of eligible crop loss due entirely or partly to a qualifying disaster event that occurred during those tax years. […]

Allen Wine Group Announces Two New Certificate Seminars: Winery Controller & Winery CFO

Allen Group Certificate Seminars: Winery Controller & Winery CFO

SANTA ROSA, CA – June 28, 2022. Allen Wine Group (allenwine.com) proudly announces two new certificate seminars exclusively for the wine industry: winery controller, and winery CFO.  Seven different AWG employee instructors, all with experience working at wineries will teach the courses. These instructors have successfully served as DTC manager, controller, CFO and President. Firstly, […]

USDA to Provide $6 Billion Impacted by 2020 and 2021 Natural Disasters

winery smoke taint assistance

Your winery may qualify for smoke taint assistance from the USDA. Contact Allen Wine Group today to learn how the USDA is offsetting crop loss due to weather events. USDA Providing Approximately $6 Billion to Commodity and Specialty Crop Producers Impacted by 2020 and 2021 Natural Disasters. First Wave of Payments Based on Crop Insurance […]

Understanding the Research & Development Tax Credit

Research & Development Tax Credit

The Research and Development (R&D) tax credit (26 U.S.C. § 41), first established in 1981, is an outstanding opportunity that qualified U.S. businesses of all types can take advantage of to substantially mitigate their tax liabilities. This government-sponsored tax credit is available at the federal and state level (in some states). The R&D Tax Credit […]

New Legislation Allows for Third Tasting Room in CA

Standard Cost Method for Wine

In September, California Governor Gavin Newsom signed SB19, AB239 and AB1267 into law. This new legislation relaxes some restrictions on wineries and expands tasting room privileges. Set to take effect on January 1, 2022, and create the following changes: Certainly, the changes come as a means to help California wineries with post-pandemic recovery. Here is […]