At Protea Financial, we understand that navigating the world of tax regulations can be complex, especially for wineries with unique inventory considerations. One crucial aspect that often raises questions is your wine inventory costing method and its compliance with IRS guidelines. Choosing the correct method isn’t just about accurate accounting; it directly impacts your tax…
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At Protea Financial, we know that a well-executed inventory count is the cornerstone of accurate record-keeping, effective cost management, and informed decision-making for any winery. However, the unique nature of wine production, with its various stages, aging processes, and vintage variations, can make conducting a winery inventory count a complex undertaking. Our team of bookkeeping…
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Have you ever sold an inventory item just to be told by the warehouse that the item is no longer in stock? Do you have unreliable financials due to large inventory count fluctuations consistently month after month? Does your inventory disappear, but sales aren’t reflected? If you answered “yes” to any of these questions, I…
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