Tax Paid Wine? Where?
There is a type of wine business that until recently I had only read about on the TTB's (Alcohol & Tobacco Tax & Trade Bureau) website. They are called taxpaid wine bottling houses, or TPWBH on their TTB permits instead of BWN's or BWC's. What are they and what do they do you ask? Read more
Small Wineries, Are You Not Getting The Credit You Deserve?
Did you know the majority of wineries in the US are below 5,000 cases in annual production? They are small in production numbers and also usually small in staff numbers too. This also means they experience the "many hats" syndrome, where each of their staff members is responsible for multiple duties to keep the business going. This can be an ongoing challenge for them so they can use all the breaks they can get. One hefty break available to them (in many cases) is the small producer's tax credit on their excise taxes paid to the TTB. (federal regulating agency) This tax credit can save them up to 80% on their taxes. Read more
So You Want To Get Into The Wine Business?
The wine business has a romantic image to it. How much of this can be attributed to the processes of winemaking and grape growing and all the images they conjure up is debatable but regardless it continues to draw a steady crowd of newbies to it. The numbers of both wineries and wine wholesalers (custom crush clients) has continued to rise steadily in the US. I am regularly contacted through my website and through word of mouth by folks wanting to get started with their own winery or wine wholesaling business. They are often surprised when I sit down with them and show them all the licensing they will need. "Wow, I had no idea there was so much involved!" is a comment I often hear. So just what are you looking at to get in on the wine game? Read more
