GENEVA, N.Y. — There are many tax savings opportunities resulting from the new federal tax law, especially as it relates to wineries and vineyards. To explore the various credits, deductions and overall strategies to help producers’ keep more of their hard-earned money, Farm Credit East will be hosting a tax savings seminar specific to winery and vineyard producers on Friday, March 16, 2018, at 11:00AM at the Belhurst Castle in Geneva, NY. This seminar is free for participants.
This seminar will cover the enhanced expensing of vines, the new 20 percent deduction, cash vs. accrual accounting and inventory valuation methods. In addition to the various federal benefits, Farm Credit East tax experts will explore the numerous New York state credits recently made available, such as the NY alcoholic production tax credits and new credits available for farm employees.
Presenting this seminar will be Gregg McConnell, Farm Credit East business consultant and director of the Winery Benchmarks program, along with Joe Baldwin, Farm Credit East financial services leader, and Dario Arezzo, Farm Credit East senior tax consultant.
Northeast winery and vineyard producers are invited to join Farm Credit East for this informational seminar on Friday, March 16, at 11:00 AM at the Belhurst Castle in Geneva, NY. This seminar is free for participants and lunch will be provided. Space is limited, so please call Farm Credit East’s Geneva, NY office at (800) 929-7102 to reserve a spot or for more information.
–Farm Credit East
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