Eckhoff Accounting News & Resources
There are many reasons why a vineyard or grower business may need additional funding and if you qualify for a grant that you don’t have to pay back, that’s even better. We visited the United States Department of Agriculture website to find out more about grants that may be appropriate and available for the wine industry and this is what we found- https://www.fns.usda.gov
•Farm Loan Programs Farm Service Agency (FSA) provides several different loan programs, guaranteed and direct, that range from farm ownership to operating loans.
When serving our clients, EAC often interacts with banking professionals, specifically in the lending and business development departments. Recently, we asked our various bankers to consider what service our firm could provide that would have the greatest impact on our mutual clients.
With marginal income tax rates of up to 39.6% in 2017, income taxes can have a significant effect on your financial situation (tax rate is unchanged from 2016). There are three fundamental strategies that can help reduce your income tax bill:
Many small businesses prepare — and regularly update — a strategic plan, but many overlook the important task of developing a succession plan. Whether your business falls into the “have” or a “have-not” category, a strategic plan can be an invaluable resource to help your company accomplish its ultimate objectives.
An American Viticultural Area, or AVA, is a distinguishable geographical grape-growing region defined by the federal Alcohol and Tobacco Tax and Trade Bureau.
There are many regions and wine types available to consumers and labels are often the recognizable differentiator used in their wine-selection process.