Join us for Navigating the Tax Cuts and Jobs Act (TCJA) for the Wine Industry, an insightful webcast specifically tailored for the wine industry, focusing on the implications of the TCJA. This session will delve into how the TCJA affects wineries, vineyards, and related businesses, providing crucial information for navigating the evolving tax landscape. Key topics included:  Overview of the TCJA and its relevance to the wine industry Changes to individual and corporate tax rates impacting winery owners Implications of the TCJA on pass-through entities, including S corporations and LLCs Modifications to deductions and credits, including the impact on capital investments in vineyards and production facilities Changes to the treatment of business expenses and the impact on operational costs Insights into international tax provisions affecting wine exports Future considerations and potential legislative changes that may impact the industry November 21, 2024 10:00 AM PT Register Now

Join us on July 11 for a Lunch Roundtable with experts from Moss Adams and Silicon Valley Bank for a Wine Industry Update and Tools for Success. During this in-person program we’ll discuss the following topics: The recent Silicon Valley Bank direct-to-consumer wine industry survey results The top three things to consider as you navigate state and local taxes that impact business profitability and tax liabilities How Barrel ERP for wine can create greater efficiencies in your winery operations July 11, 2023 - Agenda: 11 AM: Welcome and registration 11:30 AM–1 PM: Presentation 1 PM–1:30 PM: Networking Register Now Speakers Bill Vyenielo, Senior Wine, Beer & Spirits Business Consultant, Moss Adams Michael Parker, Partner in Charge, Moss Adams Benjamin Alderton, Senior Manager, Moss Adams Adam DeZego, CPA, Senior Manager, Moss Adams Rob McMillan, Executive Vice President & Wine Division Founder, Silicon Valley Bank Rob Walker, Central Coast Market Manager, Silicon

Early this month, the New Mexico Alcoholic Beverage Control sent an email to holders of the Direct Wine Shipper Permit informing them that registration with the New Mexico Secretary of State is required for corporations doing business in the state. Effective immediately, corporations holding a New Mexico Direct Wine Shipper Permit must submit proof of registration to renew their permit. The email cited an existing New Mexico law in support of the new requirement. The ABC had not previously required registration with the Secretary of State for direct shipper permits but is now enforcing this requirement. The New Mexico law only applies to corporations. Limited liability companies are not required to register with the Secretary of State. The new requirement adds significantly to a corporation’s cost of selling wine to New Mexico consumers. While the annual fee for the ABC permit is only $50, the fee for registering a foreign corporation is between $200 and $1,000, depending on

One of the most stressful things in the Accounting world is taxes. Not only do you want to get it right, but you don't want to make a mess and get penalized.  Here's some helpful information on easily recording your taxes in QuickBooks and lowering the stress each quarter or month. Get the Right Rate: QuickBooks is not equipped to support the wine industry, especially in the US. There are different tax rates across each county, and sometimes even within a county, specific tax differences are based on zip code. QuickBooks simply cannot handle it. If you're using ShipCompliant or Avalara, that can help your monthly or quarterly tax remittance. But what about recording all of that in QuickBooks? Do you set up hundreds or thousands of different Sales Tax Items, all named based on the city or county you ship to? Is there an easier way? Taxes Don't Have to be Taxing! With WGits, your process can be greatly simplified. When WGits sends orders into QB, we au

Join Moss Adams and Bank of Marin as wine industry financial professionals discuss the issues and opportunities impacting the market. We’ll take questions from the audience and cover topics including: The current status and implications of Small Business Administration (SBA) Paycheck Protection Program (PPP) loans 2020 fires impact on the market Smoke taint-related tax credits and federal, state, and local tax considerations Free webinar: February 11, 2021 11:00 AM PST - 1 hour Register Here Speakers Marshall Graves, SVP, Sonoma County & Central Coast Commercial Banking Regional Manager, Bank of Marin Marshall is focused on growing the Bank’s customer base by building lasting banking relationships with local commercial and wine-related businesses. Leading an experienced lending team, he directs business development activities and oversees loan structuring and underwriting. Prior to this role, Marshall was a Senior Commercial Banking Manager and Wine Industry