Wineries, Breweries, and Distilleries Tax and Accounting Services
Our Roseville, California accountants specialize in tax and accounting services specific to your winery, brewery or distillery business.
Like every niche business in the Sacramento Valley, wineries, breweries, and distilleries have their unique set of issues, among them tax accounting compliance with state and federal law. If you’re the owner of one of the many Roseville wineries, breweries, and distilleries that have been handed down through several generations, you already know that there’s more to the business than producing the finest wine, beer, or spirits possible. There are profits to be made, new technology to keep up with, and an array of federal and state laws to comply with—in addition to using the correct accounting methodologies required by an increasingly complicated tax code.
Specialist CPA Services for Wineries, Breweries, and DistilleriesYou know how important it is to hire a tax accounting firm like Cook CPA Group in Roseville that specializes in tax and accounting for wineries, breweries, and distilleries like yours. Even more importantly, the accounting professionals at Cook CPA Group also understand how your business works—from terroir to tasting room to production and distribution. But maybe you’re just getting started in the wine, beer, and spirits industry. Perhaps you were looking for a new business venture and realized there was a burgeoning niche market for boutique spirits or maybe you turned your beer making hobby into a small business. Whatever the reason if you’re a relative newcomer to the industry, chances are you probably didn’t realize just how complex tax accounting and compliance for your winery, distillery, and brewery is. Financial reporting requirements specific to alcohol producers, daily record keeping regarding operations, inventory valuation, and handling capital costs for equipment needed for brewing, wine making, and distilling are just a few of the issues you need to deal with. “Evelyn helped us make a big decision to change our tax reporting for our winery. She is open and honest and she always gets back to me. We were with a bigger tax firm and I was constantly getting bounced around. That doesn’t happen at Cook CPA,” Gayla Schatz, R&G Schatz Farms From record-keeping and production and inventory to taxes and reporting requirements, successful business owners of wineries, breweries, and distilleries know that having an accounting firm that understands the business is essential. Not only does your business straddle several business sectors, but inclement weather can affect vital crops, making raw materials scarce and more expensive. In addition, production runs may need to be aged over a period of years to reach optimal drinking quality, which in turn delays recovery of production related outlays and expenditures. That accounting firm is Cook CPA Group.
Partners in SuccessWhen you hire Evelyn Cook, CPA, you don’t just get an accountant who understands tax law and compliance related to your business, you get a partner whose job it is to handle the financial side of your business—from determining profit margins on your product to year-round tax planning, accounting and compliance. That means that you can focus on what you do best, whether it’s producing the finest spirits, an award-winning wine or a world-renowned craft beer. What We do for you:
- Create a system for filing and maintaining required documents, records, and forms
- Set up and implement a cost accounting system
- Inventory costing and margin analysis
- Forecasting, budgeting, and detailed profit maximization
- Structure and Estate Planning and Business Succession Planning
- Specialized Tax knowledge for wineries, breweries, and distilleries
- Financial statement attestation services in support of financing such as bank loans