Archived Newsletter: Released 10/8/2019

This is an archived copy of the email that was sent.

In this Halloween edition of The Business of Wine:

  • Area wineries have been impacted by the recent closing of Dean & Deluca in St. Helena.  Here's what you need to know about bad debts.   
  • Outsourcing services can be a huge relief.  But that doesn't mean you are no longer responsible for your obligations.
  • Another tax deadline approaches.  Individual Income Tax returns are due October 15th.   
  • Don't miss upcoming free classes for wineries
  • Happy Harvesting! 

Bad Debt

While the recent store closing might seem like reason enough to write off any uncollected balances due your organization, the IRS doesn't agree. Learn what it takes to take a bad debt deduction. 

Outsourced but not out of mind

When you outsource work to a service provider, who has ultimate responsibility for payment of any liabilities associated with those services? You do.  Learn more here. 

Final Individual Income Tax Returns are due October 15th

Make sure you have a plan in place for signing, filing, and remitting your federal and state income taxes by that date. 

Free BDCo Classes (sponsored by Napa Valley Vintners)

  • 11/12/19: An owner's guide to working with accountants. Learn more here.

Fire Relief Information for Wineries

Extended tax filing deadlines may apply. https://www.bdcocpa.com/resources/articles/137

Please reach out if we can help you in any way!  

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Please note our New Address as of September 18, 2020

Brotemarkle, Davis & Co. LLP
1000 Main Street, Suite 250
Napa, CA 94559 

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