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Field Notes

News and Updates from the New York Wine & Grape Foundation

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New Member Benefit: Finance, Accounting & Tax Resources

New York Wine & Grape Foundation January 18, 2021

To assist our members with critical questions about tax planning, inventory accounting, general accounting, excise tax/TTB issues, sales tax, and more the New York Wine & Grape Foundation is pleased to offer a new benefit for Members, in partnership with Mengel, Metzger, Barr & Co. LLP. Beginning in December 2020, members will have access to financial and tax guidance in webinar form, as well as through individual consulting for their specific needs provided via a 60-minute one-on-one session.

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One-on-One Coaching with Sandra Hess & DTC Wine Workshops Consulting Agency

New York Wine & Grape Foundation January 15, 2021

As a reminder, for NY Drinks NY participants, virtual workshops will be supplemented by an individual coaching session with a member of the DTC Consultant Network, led by Sandra Hess. Each winery will be provided with a 1.5 hour online coaching session to address a challenge or opportunity of their choice. Network consultants work to ensure your team uses the ideal blends of tools, talent and technologies to achieve direct to consumer wine sales success.

Quality winemaking starts in the vineyard

Sam Filler January 13, 2021

I remember early in my career working in New York’s farm based beverage industry a conversation that I had with Chris Gerling at an introduction to distilling workshop at Catskill Distilling Company. Admittedly, I was super green behind the ears when it came to wine making and really any fermentation process. Chris properly schooled me when he simply described how to make a quality wine, “You can’t make good wine from bad grapes, but you can make bad wine from good grapes.” Reading between the lines, he helped me deduce that quality winemaking starts in the vineyard.

Free Finance, Accounting & Tax Tools

Valerie Ross January 8, 2021

With the complexities and new business realities of 2021, professional finance and tax tools for New York’s wineries and growers are needed now more than ever. To assist our members with critical questions on tax planning, inventory accounting, general accounting, excise tax//TTB issues and sales tax, the New York Wine & Grape Foundation is pleased to offer a new benefit for Tier 2 & 3 Winery Members as well as Growers, in partnership with Mengel, Metzger, Barr & Co. LLP.  These members now have access to financial and

Year-end Planning and Current Hot Topics

New York Wine & Grape Foundation January 6, 2021

We are happy to be welcoming Anthony Sandonato from Mengel Metzger Barr & Co. LLP back for our annual tax & finance year end webinar. During this session Tony will help clarify any continued confusion that still exists in relation to Paycheck Protection Program (PPP) loans, and loan forgiveness issues. We will also explore year-end tax planning and inventory strategies, and learn some tips for 2021 planning in light of COVID-19’s continued financial impact.