Running a successful winery requires you to manage numerous departments—production, processing, sales, and administration, to name a few. Often bookkeeping and accounting are some of the first areas neglected when there’s not enough of you to go around. When you find yourself scrambling at tax time or with a pile of unopened bills, hiring a…
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‘Small Producers Tax Credits for Everyone!’ (Said in my best globally famous talk show host voice.) So you’ve heard that the Craft Beverage Modernization Act was made permanent. And you operate a winery or you support operational reporting for a winery. Now what? Let’s Begin at the Beginning – Tax Class for Still Wine Before…
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To run a profitable winery, it is vital to understand how much profit you are making per bottle of wine sold. You will need to be able to determine and understand what you can sell your wine for and how much that wine costs to produce. While the market will dictate how much you charge…
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The state of the Property insurance market for wineries is experiencing some severe difficulties and there is no relief in sight for the foreseeable future. We are experiencing what the insurance industry calls a Hard Insurance Market. It is hard to get to coverage and hard to tolerate the coverage reductions, lack of available insurance…
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It’s been a tough summer. First, the COVID pandemic slowed down commerce, and most recently the massive wildfires are burning throughout Northern California. This year’s fires came earlier than they historically have and this early arrival means grape harvesting is caught in the crossfire. Many winery owners are rightfully nervous about what the future holds…
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The primary goal of many wineries is to develop, cultivate and produce products that promote repeat business and retain customers. Wineries exist to satisfy customers’ needs through products or services and it’s important for a winery to retain these customers. Since we operate in a competitive business environment, it is important to identify how we…
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