Taxation and Accounting for the Small Winery
Event Type: Seminars and Classes
Description: As winery owners and entrepreneurs, it is crucial to understand and remain apprised of relevant tax and accounting issues, which can often mean the difference between success and failure of a winery operation. Designed for wineries of 60,000 cases and fewer, this course explores the advantages and disadvantages of incorporation and Subchapter S status versus using limited liability companies, determination of cost of goods sold, inventory valuation and costing (including inventory cost capitalization rules), advantages and disadvantages of electing LIFO, accelerating deductions through farm accounting procedures, depreciation methods, fringe benefits and estate planning.
Enroll in section 142VIT206. Fee includes lunch and course materials.
• Event Organizer:
UC Davis Extension
Da Vinci Building
1632 Da Vinci Ct Davis, CA 95618
• Website: extension.ucdavis.edu/winemaking
• Available languages: