Blog

News and insights for winery business owners

Northwest Wine Accounting Northwest Wine Accounting

Does Your Winery Need Audited Financial Statements?

For your winery's growth, it's important to understand the differences between audited, reviewed, compiled and prepared financial statements. This short and helpful article will guide you through these statements.


Read More
Northwest Wine Accounting Northwest Wine Accounting

The R&D Tax Credit for Wineries: Is It Worth It?

Let's talk about the R&D Tax Credit for wineries. We’ll cover whether your winery qualifies, if it’s worth the effort, and how much you can potentially save by claiming it.

Read More
Northwest Wine Accounting Northwest Wine Accounting

Inside The Role of The Winery CFO: What Do They Do?

The role of a winery CFO goes beyond managing finances—it’s about driving profitability and strategic growth. Read why having a CFO is more important than you might think for your winery's growth.

Read More
Northwest Wine Accounting Northwest Wine Accounting

What Does an Outsourced Winery Controller Do?

Managing your finances can be a headache and getting an outsourced winery controller can be the answer. Learn what a winery controller does and how they can help your business.


Read More
Northwest Wine Accounting Northwest Wine Accounting

Margin vs markup calculation for wine

When it comes to pricing and generating your desired margins, you have to find the appropriate markup. In today’s blog, let’s define those two crucial terms—markup and margin.

Read More
Northwest Wine Accounting Northwest Wine Accounting

Best bookkeeping software for wineries

We’ll cut to the chase and tell you that unless you are a very small or very large winery, QuickBooks Online will likely be the best option for your winery.

Read More
Northwest Wine Accounting Northwest Wine Accounting

Which accounting method should I use for my winery?

Let’s dive into the core differences between accrual and cash accounting methods, and how choosing the right accounting method framework can significantly impact your winery’s management.

Read More
Northwest Wine Accounting Northwest Wine Accounting

How to set KPIs in your winery (2024)

Imagine you are across the country, or across the world, perhaps on a wine tasting tour in South Africa. What numbers do you need to know to understand how your winery is performing?

Read More
Northwest Wine Accounting Northwest Wine Accounting

The rules for winery meal deductions in 2024

The rules for deducting business meals for your winery have changed over the years, leaving a lot of confusion for business owners. Let’s clarify a few of the rules around meal deductions for your winery in 2024.

Read More
Northwest Wine Accounting Northwest Wine Accounting

The Work Opportunity Tax Credit (WOTC) for wineries

The Work Opportunity Tax Credit (WOTC) is a great, lesser-known tax credit that’s available to every small business, including wineries, on the condition that you employ eligible workers.

Read More
Northwest Wine Accounting Northwest Wine Accounting

What can you deduct for your winery in 2024?

Let’s talk about winery deductions in 2024. We’ve come up with a winery-specific list of tax deductions for 2024 that a general accountant or your in-house bookkeeper might miss.

Read More