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