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Review Owner Distributions

 

Owner Payments

Owner Payments

For different business entities, payments to owners may be run through payroll, treated as guaranteed payments to partners, or as dividends, owner draws, or distributions from capital accounts.  Make sure any payments made to your winery owners have been properly treated.

For s-corporations, it is important that owner payroll be “reasonable” which can include many factors such as total company profit and industry averages for similar salaried positions. 

Many payments from partnerships will be subject to self-employment tax as well as income tax. 

December is a great time to discuss with your tax professional how any owner payments and business profits will be treated for tax purposes, and if a 4th quarter estimated tax payment would be recommended.

EXCITING NEWS!  BDCo has moved to NAPA. 

After spending more than 30 great years as a resident of St. Helena, BDCo began a search in 2019 for a new office location in Napa that would better suit its needs. The goal was to improve the life/work balance for members of the team without inconveniencing our customers. Our newly completed Napa home meets our requirements perfectly and we can't wait to welcome you for a visit once we are all able to move about freely. 

For now, our office remains closed to visitors and much of our staff will continue to work remotely at their discretion and in accordance with current safety regulations. 

Our new address is :

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

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