Taxation and Accounting for the Small Winery
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.
Enrollment is limited. Early enrollment is encouraged.
David Pardes, M.S., MBA,is a tax director at PricewaterhouseCoopers in San Francisco where he is responsible for tax consulting and compliance services to numerous agricultural companies, including vineyards and wineries, olive oil producers and cattle ranches. Additionally, David has experience working with high net-worth individuals, which has enabled him to advise on the implications of shareholder investments and the transfer of wealth to future generations.
Oct. 30: Thurs., 9 a.m.-4 p.m.
Da Vinci Building, 1632 Da Vinci Ct, Davis, CA
$190.00 Includes lunch and course material.