North bay winery owners & staff – The new tax law went into effect on January 1st. Do you know what all the TTB changes are or are you confused about how they directly affect your TTB records & reports?
Good news – I’m offering a live training specific to these TTB winery compliance updates which is being offered on Wednesday, March 14th from 9 til noon at the Napa SBDC offices.
Some of the topics we’ll walk through include:
- changes to your TTB required records
- how to report the alcohol change for your wines on your 5120.17 reports
- how to file an excise tax report under the new credit levels
There are a lot of changes as a result of the new tax laws going into effect on January 1st- this class is designed to help you understand how they impact your winery’s compliance.
Please note, the the class is titled “How to keep your winery Audit safe” because I’ve been teaching this for a few years now, but this time I’m focusing it entirely on these TTB updates! (so don’t be confused by the course description on the SBDC’s website) Wednesday March 14th, from 9 til noon through the Napa-Sonoma Small Business Development Center which is located on the Napa Valley College campus.
Go HERE for full details & to sign up.
It will be offered at the SBDC office on the Napa Valley College campus.Winery staff attending the class are highly encouraged to bring the following items:
- Full previous years TTB 5120.17 (“702”) reports
- Most recent TTB excise tax report
- Examples of required records: a completed bill of lading for cased wine & one for bulk wine
This class is definitely for you if you are someone who manages TTB compliance for a winery, or is an alternating proprietor (AP) client at a winery that manages their own TTB reporting. Whatever category you fall into this class will help you understand exactly what the new changes mean for your business.
Here again is a link to get signed up: Winery Compliance Class