The tax rate on trusts compared to individuals has gotten even higher after the new tax law. Here are some possible workarounds. Having recently closed out another individual and trust tax return season (extensions excepted, of course), CPAs, attorneys, trustees, and financial advisers are noticing that the disparate tax treatment between trusts and individuals, which […]
Minimizing Federal Income Tax on Trusts Under the TCJA Read More »
New clients regularly ask for the inside scoop on the latest loophole to reduce or eliminate their tax liability. It is common for wineries to see high cash outflow for operations with minimal profits and sometimes they’re still stuck with a tax bill at the end of the year. Too often I see firms marketing
Top 5 Missed Tax Incentives for California Vineyards and Wineries Read More »
A version of this article previously appeared in Vineyard & Winery Management Magazine. As the tax rates on top earners continue to rise, many winery and vineyard owners are looking for new ways to reduce what they’re required to pay in taxes. The good news is there are many tax planning opportunities for wine businesses
Tax Opportunities for Wineries and Vineyards Read More »
An end-of-year tax crisis for America’s brewers, distillers, and winemakers has been averted after Congress passed a bill on December 19 that included a one-year extension of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). The bill, which is now on its way to the president’s desk and is expected to be signed on
Like it or not, taxes are a fact of life (or death, as some would say). They have been imposed on citizens by governments for centuries, and breweries and their beers have long been a favorite tap for government revenue. Egypt was the first civilization on record to tax beer. As European societies learned to
Taxing the Pour: How Taxes Have Changed Our Beer Read More »
