Industries
Wineries & Vineyards
Cheers to your financial health.
Running a winery or vineyard involves more than just mastering the nuances of terroir and perfecting every sip. From vineyard management to distribution, the financial landscape can be as intricate as a fine vintage.
At Perkins, we understand these unique challenges and offer specialized accounting and tax services tailored to the wine industry.
Featured Services
Explore our deep levels of expertise
Go beyond taxes with your accounting firm.
We work with our clients to think beyond the day-to-day. From understanding how your winery operates to discovering cost-saving opportunities and forecasting revenue, we analyze every angle to free up your time to simply make wine.
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01.
Accounting Method Changes: Optimize financial reporting and tax strategies.
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Capital Expansion Planning: Plan capital projects with tax efficiency in mind.
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Tax-Efficient Ownership Structures: Develop equitable, tax-compliant ownership models.
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Tax Compliance for Related Party Structures: Streamline your tax reporting for family-owned or related entities.
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Federal, State, & Local Tax Incentives: Maximize credits such as R&D, business, and farm credits.
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Gifting Strategies for Family-Owned Businesses: Use tax-efficient gifting for smooth generational transfers.
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International Taxation: Navigate complex U.S. income tax issues for both inbound and outbound investments.
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R&D Tax Credits: Claim research and development credits for innovative vineyard and winery processes.
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Vineyard Development Planning: Plan strategic vineyard expansions with long-term tax benefits in mind.
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Multi-State Taxation: Manage tax obligations across state lines.
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Estate & Transition Planning: Secure your winery’s future through smart estate planning and ownership transition strategies.
Insight Backed by Years in the Field
With decades of experience, our wine accounting team is committed to providing solutions that align with your specific goals and help you maximize tax opportunities, optimize operations, and sustain growth.
70+ clients in the wine industry
60+ combined years of experience serving wineries
WSET1 certifications
WSET2 certifications
Client Accounting Services
Financial Clarity for Your Winery, All Year Round
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01.
CFO Consultation & Contract Controller Services: Outsource CFO and controller functions to manage financial operations without the cost of full-time staff.
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Cash Flow Forecasting: Ensure liquidity with detailed cash flow planning and forecasting for capital-intensive vineyard projects.
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Vineyard & Farm Accounting Methods: Implement accounting systems that track farming costs, from raw materials to finished goods.
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Inventory Costing & Management: Optimize inventory valuation and slow-moving inventory and support growth initiatives through detailed costing.
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Optimize Industry-Specific Software: Integrate and streamline financial tools like WineDirect, OrderPort, InnoVint, and Vintrace.
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CPA-Prepared Financials: Receive professional, accurate financial statements prepared specifically for wineries.
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Gross Margin Analysis: Analyze profitability at SKU, brand, or sales channel level to improve pricing and product decisions.
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Financial Reporting with Owner Dashboards: Clear, real-time overview of your winery’s financial health to support informed decisions.
Mastering the Details That Matter to You
- Costing by SKU/Brand: Accurate cost allocation for effective pricing strategies.
- Production Cost Drivers: Track farming and production costs to assess impact on COGS.
- Sales Channel Performance: Benchmark sales data and performance against industry trends.
- Inventory Turnover: Identify slow-moving inventory and create sales plans to deplete backlogged stock.
Seamless Solutions for Winery Tech
From production to sales and inventory, we understand the complexities of winery technology. We analyze if system integration makes sense or create workflows to ensure your platforms work seamlessly together. Our flexible, client-focused approach delivers real-time data, dashboards, and reporting, empowering you to make informed, data-driven decisions.
- Commerce7
- InnoVint
- OrderPort
- ShipCompliant
- Syft
- VinoShipper
- Vintrace
- WineDirect
Winery & Vineyard
Leadership
With over 60 years of combined industry experience, in-house winery experience, and industry certifications like WSET1, our team is ready to meet you where you are and build a stronger future together.
Hear What Your Peers Have to Say About Us
“I appreciate Perkins & Co’s continued work to understand the nuances of my industry and support businesses of all sizes and stages of growth. The wine industry is constantly evolving. It also requires attention to detail to track inventory values from primary material through to bottled products. I sleep better at night knowing I have a team at Perkins & Co in my corner.”
Valued Client
“They always work as a team to determine the best plan of action to protect our assets and take advantage of any tax benefits we may be eligible for. Can’t say enough about their depth of experience and timely, beneficial information they provide.”
Valued Client
Winery Accounting Specialists
Our Client Accounting Services team specializes in winery and vineyard accounting; it’s just one of the many perks that set Perkins apart. We understand the unique challenges of managing daily operations at a winery, including the complexities of the software available in the wine industry. Whether you’re seeking full-service bookkeeping support or additional expertise to supplement your in-house team, our specialists seamlessly integrate into your operations—because they’ve been there themselves.
Thinking about growing your business? We're ready when you are.
Client Accounting Services
Case Study: Accounting Team Transition
Background
Our client asked for help replacing their internal controller, who had served for over ten years. They needed a swift transition with minimal disruption to their financial operations.
Challenge
The client needed us to quickly integrate into their organization, modernize outdated accounting processes, tighten internal controls, improve the accuracy of financial reporting, and ensure compliance with bank reporting requirements. Additionally, they needed us to liaise effectively with their tax preparer.
Solution
Within six months, we successfully modernized the client’s accounting processes, enhanced internal controls, and provided timely, accurate financial information. We also ensured compliance with bank reporting requirements and established strong communication with their tax preparer. As a result, the client now views us as an integral part of their team.
Industry News
Washington’s Annual Business and Occupation Tax Reconciliation of Apportionable Income Due by October 31, 2024
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