Blog
News and insights for winery business owners
Health Insurance for Winery Owners: What You Need to Know
As a winery owner, you'll need to decide how to manage your own health insurance and whether or not to offer coverage to your employees. Here's a quick guide to help.
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.
What We Learned From Innovint’s Financial Health Webinar
Aim for continuous learning with the Innovint financial health webinar. If you are short on time, we prepared some of our favorite points when you need a quick read.
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.
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.
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.
Choosing a Business Structure For Your Winery (2024)
In today's blog, we'll break down the different business structures in simple terms, highlighting the pros and cons of each.
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.
Your Guide to Winery Compliance for Small Wineries in Washington State
In this post, we'll break down the key compliance requirements that small wineries in Washington state must follow to run their business legally and successfully.
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.
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.
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?
What do I need to know about “Beneficial Ownership Interest” Reporting?
The Corporate Transparency Act, signed into law on January 1, 2021, brings changes to anti-money laundering laws and reporting requirements for certain businesses in the US.
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.
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.
Best POS software for wineries in 2024
We’ve rounded up our favorite 4 POS software for wineries in 2024. Between Orderport, WineDirect, and…
The biggest challenges of winery accounting (and how to solve them)
Let’s talk about a few of the wine industry’s biggest accounting challenges and a few ways that you can overcome them to simplify and improve your own financial goals.
California Redemption Value (CRV) is here for all wineries!
We're sure you're aware that new CRV regulations are in effect as of January 1, 2024. If you are a winery in any state and you sell DTC into California, these changes apply to you.
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.
How to create a winery budget for 2024
It's that time of the year when you need to roll up your sleeves and work on your budget for 2024.