Archived Newsletter: Released 12/3/2019

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

In this year-end edition of The Business of Wine, we offer suggestions that require action before December 31st: 

  • Review your plans for charitable giving in light of recent tax law changes. (And be sure to make the most of Giving Tuesday.)
  • Review and revise your business goals for 2020.
  • Consider the treatment of any distributions to owners.
  • Double check your income tax withholding, retirement contributions, health spending accounts, and other payroll-related items before that final 2019 payroll.

New Considerations for Charitable Contributions and Deductions in 2019

Changes in the standard deduction and new contribution limitations in 2019 require special consideration for charitable contribution deductions. Learn more here

2020 Visions 

Revisit your 2019 results and then create your 2020 plans using our $COPE model

Payments to Owners 

Depending on the type of entity, payments made to owners may be treated as payroll, guaranteed payments to partners, dividends, owner draws, or distributions from capital accounts. Here's what you need to know

REGULAR FEATURES

Around the Valley

Event and Link

Dates

Location 

Jingle All the Way 

11/29-12/29

1480 Main St, St. Helena

Jingle on Down

12/1-12/21

1300 First Street, Napa

Calistoga Holiday Village

12/6 from 4-8 pm

1133 Washington St., Calistoga

24th Annual Calistoga Lighted Tractor Parade

12/7 at 7 pm

1133 Washington St., Calistoga

 

   

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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