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Winemaking & Viticulture - UC Davis Extension

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Taxation and Accounting for<br />

the Small Winery<br />

6.5 hours CPE credit.<br />

As winery owners and entrepreneurs,<br />

it is crucial to understand and remain<br />

apprised of relevant tax and accounting<br />

issues, which can often mean the<br />

difference between the success or failure<br />

of a winery operation. Designed for<br />

wineries of 60,000 cases and fewer,<br />

this course explores the advantages and<br />

disadvantages of incorporation and<br />

Subchapter S status versus using limited<br />

liability companies, determination of<br />

cost of goods sold, inventory valuation<br />

and costing (including inventory cost<br />

capitalization rules), advantages<br />

and disadvantages of electing LIFO,<br />

accelerating deductions through farm<br />

accounting procedures, depreciation<br />

methods, fringe benefits and estate<br />

planning.<br />

For more<br />

information<br />

or to<br />

enroll<br />

call<br />

(800) 752-0881<br />

email<br />

extension@ucdavis.edu<br />

or visit us online<br />

extension.ucdavis.edu/wine<br />

GREG SCOTT. See bio at left.<br />

1 meeting.<br />

Oct. 29: Tues., 9 a.m.-4 p.m.<br />

<strong>Davis</strong>: Da Vinci Building, 1632 Da Vinci Ct.<br />

$190. Includes lunch and course material. Enroll in section<br />

132VIT206.<br />

if your plans change<br />

Refunds, less a $30 processing fee, will be granted if the request is<br />

received seven calendar days before the course begins. At that time, you<br />

can also discuss transferring your enrollment to another program or sending<br />

a substitute. Requests for withdrawal without a refund must be received<br />

before the last meeting of the course. Requests for withdrawals or refunds<br />

may be made by phone, fax or in writing. Please include the student’s<br />

name, course title and course section number. For information about other<br />

alternatives, call <strong>UC</strong> <strong>Davis</strong> <strong>Extension</strong> at (800) 752-0881.<br />

Not produced at state expense<br />

<strong>UC</strong> <strong>Davis</strong> <strong>Extension</strong> is a self-supporting, nonprofit organization funded by<br />

course fees, grants and contracts.<br />

The University of California does not discriminate in any of its policies,<br />

procedures or practices. The university is an affirmative action/equal<br />

opportunity employer.<br />

ONLINE COURSE INFORMATION<br />

You must provide your email address when enrolling to receive your<br />

password. If you do not receive your password in the time frame noted,<br />

please visit the Online Learning Campus Support Center at extensiondlc.<br />

net/helpdesk. Open a new ticket, and select “Password Issues” from the<br />

Help Topics.<br />

If you plan to access an online course using an iPad, iPod or iPhone there<br />

are a variety of Flash web browsers available in the App Store.<br />

132145<br />

7

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