Wineries & Craft Beverages
EFPR Group takes a unique approach to supporting this expanding market by assembling a team of highly experienced accountants and business consultants who share a passion for the art of making and enjoying wine and craft beverages.
Wineries & Vineyards
Wine entrepreneurs must balance their passion for making wine with the challenges of running a business in a growing and competitive market. New York competes head to head with California, Europe, South America and Australia in the global wine marketplace. New York wine makers must also deal with a host of challenging governmental factors, and environmental and climate conditions.
Wine production in New York State has been on a steady incline. Today, New York State produces a large variety of award-winning wines and is home to over 400 wineries and vineyards, with more opening with each passing year.
Your Competitive Advantage
At EFPR Group, we have a passion for your success. Strategically located throughout New York’s wine country, a member of our team is ready to tour your operations, listen to your specific concerns and needs, and develop an in-depth understanding of your business.
Our team has developed a wine industry focus that anticipates:
- Managing the balance between the passion for making wine and the skill of managing the business
- Comprehensive tax preparation including sales tax, Federal and state tax returns
- Inventory valuation – Assessing and tracking growing and bottling costs
- Point-of-sale and bookkeeping software integration
- Solar panel and farm-related tax credits
- Start-up concerns – vineyard establishment, initial recordkeeping, etc.
- Grant applications
- Evaluating financing and loan covenants
- Understanding the relationship between marketing, tourism and distribution
- Determining the impact of environmental influences
- Estate and succession planning
Craft Beverage Industry
Our goal is to focus on the numbers so you can keep the beer, liquor and cider flowing.
The craft beverage industry has evolved tremendously in New York. With supportive legislation and the establishment of specific Craft Beverage Trails, New York is a great place to cultivate this industry.
At EFPR Group, we have been able to transfer our experience with wineries and vineyards to this rapidly expanding niche. We understand the particulars of working with distributors, expanding production facilities, and staying current with complex state and federal laws.
To ensure your continued support from the business community, we have developed strategic relationships with industry bankers, lawyers, and other craft-brewing service providers. When it comes to reaching your business goals, our team has the experience, resources, and the passion to help you succeed.
From the garage to the established brewery, cider mill, or distillery, we take great satisfaction in partnering with our clients every step of the way.
Specific Craft Beverage service offerings include:
- General tax planning and reporting, including sales tax, federal and state income tax
- Solar panel and farm related tax credits
- Research and development tax credits
- Manufacturing and production tax credits and deductions
- Point-of-sale and bookkeeping software integration
- Start-up assistance including but not limited to, business plan development, entity choice, & initial recordkeeping
- Grant applications
- Evaluating financing and loan covenants
- Understanding the relationship between marketing, tourism and distribution
Contact us
Our team is ready to serve your winery, vineyard, brewery, or distillery 365 days a year. Not just right before the tax deadline. Contact us today!