Standard Cost Method for Wine

New Legislation Allows for Third Tasting Room in CA

November 29, 2021

In September, California Governor Gavin Newsom signed SB19, AB239 and AB1267 into law This new legislation relaxes some restrictions on wineries and expands tasting room privileges. They are set to go into effect on January 1, 2022, and create the […]

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Accountants the construction industry

Equipment and Office Leases for Construction Companies

October 11, 2021

The accounting practices for the construction industry are changing due to the Accounting Standard Codification (ASC) 842 update. This update will affect how you prepare financial statements for your construction company, as well as how you record financial transactions for […]

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bookkeeping and financial advisory work for wineries

“Behind every glass is 12 hours of paperwork”: Wineries face complex bureaucracy

October 5, 2021

Article originally seen on the Nappa Valley Register – Sam Jones It takes a lot of sweat and know-how to produce a bottle of wine. It also takes a breathtaking amount of paperwork. Wineries are required to keep detailed records […]

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Accountants For Wineries

Equipment, Barrel, and Vineyard Lease Accounting for Wineries

September 30, 2021

Accounting Standard Codification (ASC) 842 is the new lease accounting standard that is updating the accounting practices within the winery industry as to how financial statements are prepared and presented in regards to all leases including equipment and barrel leases. […]

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accounting for the winery and construction industry

Allen Group LLP Announces Three New Partner Appointments

August 23, 2021

Allen Group LLP (http://www.allengroupllp.com) is pleased to announce that it has appointed Shannon Pakes CPA (inactive), Scott Stone CPA and Hiromi Young CPA / CCIFP as Partners at the firm. Founded by Timothy Allen CPA, Allen Group is a client […]

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