Allen Wine Group Offering Winery Collateral Audits
Allen Wine Group is pleased to offer winery collateral audits as a service for our banking partners, to evaluate and measure the asset collateral and risk for winery loans. Our years of wine industry experience are a proven and invaluable asset when it comes to understanding the complexities associated with lending. With our expertise, we […]
Phase 2 of the Emergency Relief Program (ERP)
ERP Phase 2, a tax-year-based certification program, is designed to provide assistance to those who suffered a revenue loss due to expenses caused by eligible crop loss (excluding grazing crops), due entirely or partly to a qualifying disaster event that occurred over the course of the 2020-2021 calendar years. Enrollment for ERP Phase 2 opens […]
Teri Molini Appointed Compliance Manager at Allen Wine Group
SANTA ROSA, CA – October 11, 2022 – Allen Wine Group is pleased to announce the appointment of Teri Molini as Compliance Manager to lead the Allen Wine Compliance division. The addition of Teri Molini allows Allen Wine Group to provide a one-stop compliance solution for businesses in the wine industry. Services offered by Allen […]
Allen Wine Group Announces Two New Certificate Seminars: Winery Controller & Winery CFO
SANTA ROSA, CA – June 28, 2022 – Allen Wine Group (allenwine.com) is pleased to announce the creation of two new certificate seminars exclusively for the wine industry: winery controller, and winery CFO. The courses will be taught by seven different AWG employee instructors, all of whom have worked at wineries and successfully performed as […]
USDA to Provide $6 Billion Impacted by 2020 and 2021 Natural Disasters
Your winery may qualify for smoke taint assistance from the USDA. Contact Allen Wine Group today to learn how. USDA to Provide Approximately $6 Billion to Commodity and Specialty Crop Producers Impacted by 2020 and 2021 Natural Disasters First Wave of Payments Based on Crop Insurance Data WASHINGTON, May 16, 2022 – The U. S […]
Understanding the 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
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. They are set to go into effect on January 1, 2022, and create the following changes: The changes come as a means to help California wineries with post-pandemic recovery. […]
“Behind every glass is 12 hours of paperwork”: Wineries face complex bureaucracy
Article originally seen on the Nappa Valley Register – Sam Jones It takes a lot of sweat and know-how to produce a bottle of wine. It also takes a breathtaking amount of paperwork. Wineries are required to keep detailed records and file endless forms in order to comply with local, state, and federal regulations, pay […]
Equipment, Barrel, and Vineyard Lease Accounting for Wineries
Accounting Standard Codification (ASC) 842 is the new lease accounting standard that is updating the accounting practices within the winery industry as to how financial statements are prepared and presented in regards to all leases including equipment and barrel leases. This blog will serve as an overview of the new ASC 842 accounting standard and […]
The 3 Internal Controls You Need to Overcome Challenges for Your Small to Midsize Business
The internal controls for your winery are a set of accounting SOPs that you need to incorporate in order to protect your assets, maintain reliability, and ensure you are legal and tax compliant. Internal controls will also improve your internal operations efficiency and enable you to overcome accounting challenges in your business. The 3 essential […]
