Northwest Wine Accounting

?? Happy Thanksgiving from all of us at Northwest Wine Accounting! ?? We’re grateful for our amazing clients—thank you for making our work so meaningful. Wishing you a day full of good company, good food, and, of course, a great glass of wine. Cheers! ?? #HappyThanksgiving #NorthwestWineAccounting

?? The Corporate Transparency Act – What Does It Mean for Your Winery? ?? The new CTA regulations are here, and if you opened your business before 2024, you have until December 31st to file. We’ve put together a quick guide to answer the key questions: ? What is the CTA, and why does it matter to you? ??? When are BOI reports due? ?? How often do you need to file? Get the information you need to stay compliant and keep your winery moving forward. ?? Have more questions? Reach out anytime ?? https://lnkd.in/g2x8b7ed #WineryAccounting #CTACompliance #BOIReporting

?? Cybersecurity for wineries? Here’s why it matters! Running a winery means you’re handling sensitive data. And yep, cybercriminals are targeting small businesses like wineries more often! ?? Here are a few quick steps to safeguard your winery from cyber threats: 1. Train Your Team: Educate employees to spot phishing emails and avoid risky links. 2. Use Strong Passwords + 2FA: Password managers and two-factor authentication help secure your systems. 3. Backup & Encrypt Data: Regular backups and encryption protect customer and business info. 4. Consider Cyber Insurance: It can cover costs if a breach occurs, like data recovery or legal fees. For more insights and easy tips, check out the full blog ?? https://lnkd.in/gMiDpWPN #CybersecurityForWineries #WinerySafety #NorthwestWine

?? Let’s Talk Software Tools for Your Winery We all appreciate a good tech tool—especially when it saves time and money. Here are some of the tools we use and recommend to keep your winery running smoothly: - OrderPort: simplifies order management, inventory, and wine club operations. - VinoShipper: Makes compliance and shipping easy so you can reach more customers. - InnoVint: tracks production from the vineyard to the bottle. - Commerce7: An all-in-one solution for e-commerce, POS, and customer experience. - QuickBooks: Our go-to for financials and payroll. - Gusto: Streamlines payroll, benefits, and onboarding. - Dext: Makes tracking expenses easy—no more manual data entry. - Ramp: For employee spend management and bill pay. - Fathom: Offers clear financial reporting for better insights. Even small adjustments can make a big impact on how your winery runs. Look into how these tools can help you stay organized, cut down on admin tasks, and focus on what you do best—running your winery. Want to learn more? Visit: https://lnkd.in/gnjqQQhh #WineryTech #WineryAccounting #NorthwestWineAccounting

Will The New Overtime Laws Affect You? ?? If you run a winery in Washington, you’ve probably heard about the new overtime rules. But knowing exactly how they impact your staff—both in the tasting room and out in the vineyard—can be tricky. In this week’s blog, we break down: - Who’s actually exempt from overtime (hint: it’s more complicated than a salary number) - How new rules affect agricultural workers during peak seasons - Tips for managing these changes without stressing your payroll If you’re located in Washington State, this blog is for you. Read on to stay informed and ready for what’s ahead ??https://lnkd.in/g5XWQuUb #WashingtonState #Winery #OvertimeLaws

?? Keeping Track of Winery Expenses Just Got Easier! We know managing your winery’s finances can get complicated, so we put together a free Winery Chart of Accounts template to help make sense of it all. It’s simple, straightforward, and ready for you to use. Here's what's inside: - Clear Income Tracking: Separate tasting room, online, wine club, and wholesale sales for a better view of each revenue stream. - Organized Expenses: Sort costs by categories like marketing, production, and general expenses to stay on top of spending. - Streamlined Reporting: Use main accounts and subaccounts for both high-level overviews and detailed breakdowns. - Customizable Structure: Tailor it to fit your winery’s needs, whether it’s tracking assets, liabilities, or specific production costs. Ready to get started? Grab your free template at the bottom of the article ?? ?? https://lnkd.in/gcv4tQTg #WineryAccounting #FreeResource #NorthwestWineAccounting

Running a winery is a lot, right? ?? Between perfecting your wines and juggling the business side, keeping up with accounting can feel like an uphill battle. That’s where we step in—to handle the books, taxes, and reports, so you can stay focused on what you love. Here’s a peek at what’s included in our Core Accounting Services: ? Dedicated Team: Your own accounting manager and specialist, with unlimited support whenever you need it. ? Bookkeeping: We handle digital receipts, weekly transaction coding, POS support, and month-end closing. ? Payroll Support: Setup and training with Gusto, payroll tax filings, employee onboarding/offboarding, benefits, and more. ? Sales & Excise Tax: Filing for WA & CA, plus support for 1099s, business maintenance filings, and Registered Agent services in WA. ? Wine Costing: Monthly inventory reconciliation, costing for bulk and bottled wine, and detailed margin insights. ? Monthly Reporting: Clear, accrual-basis profit & loss and balance sheets every month. ? Tax-Ready Books: We work directly with your tax preparer to keep tax season stress-free. Need some outside help to get your financials in order? Reach out anytime—we’re here to make accounting the easy part! ?? https://lnkd.in/gnjqQQhh

?? Let’s Talk Health Insurance! Choosing health insurance—whether for yourself or your team—can feel overwhelming, but it doesn’t have to be. The right plan can offer peace of mind… and even tax savings! In our latest blog, we break it down simply: ? Tax savings on health insurance premiums if you’re self-employed. ? Budget-friendly plans to help you keep employees happy and committed. ? Special options like the Washington Wine Industry Health Trust, made just for wineries. Read how we recommend approaching your health insurance options here ?? https://lnkd.in/gTHSswSj #WineryLife #WineryOwners #HealthInsurance

Audited financial statements may sound boring for an industry as exciting as a winery. ?? However as a business, this is essential to secure financing or ensure everything’s running smoothly behind the scenes Dive into our blog on why having your financials audited can give your winery a competitive edge. If you're ready to grow, it might be time to consider audited financial statements. Make the right choice for your winery today. https://lnkd.in/gSavtGpC #financialsuccess #auditforgrowth #winerybusiness #northwestwineaccounting

We’ve been really enjoying the webinar series from Innovint on YouTube: Financial Health: Strategies for Sustainable Winery Growth. ???? The series kicks off with a focus on financial health, followed by videos covering operational and cultural health. If you haven’t had a chance to watch yet, we recommend it when you have some time. But we know how busy things get as a winery owner, so we’ve jotted down the key takeaways to save you time. ?? In this recap, we’re covering: ? The industry landscape ?? ? Profitability in your winery ?? ? Various stages of growth ?? ? Key financial metrics to track ?? ? Trends impacting wine sales ?? ?? You can read the recap here: https://lnkd.in/gbSRiwVN ?? Watch the webinar here: https://lnkd.in/gHAS6duW #InnovintWebinar #WineryGrowth #NorthwestWineAccounting