New Tax Reform Offers Key Opportunities for Wineries and Vineyards Tax reform, commonly referred to as the Tax Cuts and Jobs Act (TCJA), provides several tax-planning opportunities for wineries and vineyards. Below are some of the key federal tax changes impacting these industries as well the potential impact on business owners. While these are federal […]
Continue Reading NEW TAX REFORM OFFERS KEY OPPORTUNITIES FOR WINERIES AND VINEYARDS
Who hasn’t secretly (or not so secretly) dreamed of opening their own vineyard? The idea of walking through rows and rows of plump purple grapes sounds heavenly. Plus, all the free wine you can drink! Pour yourself a glass of merlot or chardonnay and let’s learn all about starting your own vineyard. What do you […]
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Whether you’ve always dreamed of owning a vineyard or have only recently considered making one your home, there are many benefits to living and working among the vines. From European-style estates in California to a historic homestead in South Africa to a West Coast–style winery in Canada, there is no shortage of opportunities to make […]
Continue Reading HINTERLAND | THE BENEFITS OF OWNING A VINEYARD
Owning a vineyard can be personally rewarding and financially beneficial. Buying a vineyard has many tax benefits and great potential for income. Vineyards can yield several products such as table grapes, raisins, and grape juice, but winemaking is the most popular use of the grapes. Vineyard ownership varies from region to region and grape to […]
Continue Reading BENEFITS OF OWNING A VINEYARD
Do you want to invest in a vineyard? A vineyard investment may be a dream for many, and could even return handsome profits over time. But, is it the smartest way to invest in the wine market? We’ll help you answer these important questions. After reading this article you’ll know exactly how to invest in […]
Continue Reading VINEYARD INVESTMENT: HOW TO DO IT AND IS IT WORTH IT?
Among the wealthy, passion investments are the newest trend, and there’s no passion investment more desirable than a personal vineyard. Passion investments allow the wealthy to put their money towards the things they love, combining their investing with their hobbies and entertainment. As traditional investments return less than they once did, many wealthy homeowners now […]
Continue Reading PASSION INVESTMENTS: IS BUYING A VINEYARD A GOOD IDEA?
Vineyard Tax Advantages While this is not an exhaustive or all-inclusive list of the potential tax advantages of owing a vineyard, following are some of the most relevant potential advantages. Contact your tax advisor for details specific to your situation.
Continue Reading POTENTIAL TAX ADVANTAGES OF VINEYARD PROPERTY
WHERE TO START: STARTING A WINERY IN CENTRAL VIRGINIA Wine making and the business of wineries has skyrocketed over the last decade. Specifically in Virginia, wine production has increased 82% over the last five years and 1.37 billion has been contributed to the economy. Central Virginia has been known to be phenomenal wine country due to […]
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Economics of Owning a Small Winery You see the story again and again, many couples and individuals dream of owning a winery and/or vineyard. It certainly seems like the life, as owning your own business often does. Not only that, but you are not trapped inside and more often than not, the space and land is […]
Continue Reading LOOKING TO PURCHASE A VINEYARD?