Allen Construction Group

Equipment and Office Leases for Construction Companies: 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 leases in your accounting system. This blog will serve as an introduction and guide to […]

Allen Wine Group Offering Winery Collateral Audits: Allen Wine Group is pleased to offer winery collateral audits as a service for our banking partners, to evaluate and measure the asset collateral and risk for winery loans. Our years of wine industry experience are a proven and invaluable asset when it comes to understanding the complexities associated with lending. With our expertise, we […]

Phase 2 of the Emergency Relief Program (ERP): ERP Phase 2, a tax-year-based certification program, is designed to provide assistance to those who suffered a revenue loss due to expenses caused by eligible crop loss (excluding grazing crops), due entirely or partly to a qualifying disaster event that occurred over the course of the 2020-2021 calendar years. Enrollment for ERP Phase 2 opens […]

Teri Molini Appointed Compliance Manager at Allen Wine Group: SANTA ROSA, CA – October 11, 2022 – Allen Wine Group is pleased to announce the appointment of Teri Molini as Compliance Manager to lead the Allen Wine Compliance division.  The addition of Teri Molini allows Allen Wine Group to provide a one-stop compliance solution for businesses in the wine industry.  Services offered by Allen […]

Allen Wine Group Announces Two New Certificate Seminars: Winery Controller & Winery CFO: SANTA ROSA, CA – June 28, 2022 – Allen Wine Group (allenwine.com) is pleased to announce the creation of two new certificate seminars exclusively for the wine industry: winery controller, and winery CFO.  The courses will be taught by seven different AWG employee instructors, all of whom have worked at wineries and successfully performed as […]

CalSavers Enrollment Deadline for Companies in California is June 30: In 2016, California enacted a state-sponsored retirement savings program called CalSavers to benefit private sector employees without employer-provided retirement plans. This year, the law requires that any business with five or more employees either provides a retirement plan or enrolls the business in CalSavers. We will explain what your needs to know to make sure […]

USDA to Provide $6 Billion Impacted by 2020 and 2021 Natural Disasters: Your winery may qualify for smoke taint assistance from the USDA. Contact Allen Wine Group today to learn how. USDA to Provide Approximately $6 Billion to Commodity and Specialty Crop Producers Impacted by 2020 and 2021 Natural Disasters First Wave of Payments Based on Crop Insurance Data WASHINGTON, May 16, 2022 – The U. S […]

Understanding the Research & Development Tax Credit: The Research and Development (R&D) tax credit (26 U.S.C. § 41), first established in 1981, is an outstanding opportunity that qualified U.S. businesses of all types can take advantage of to substantially mitigate their tax liabilities. This government-sponsored tax credit is available at the federal and state level (in some states). The R&D Tax Credit […]

Northern California accountants tally up 2021 and where corporate finance is headed in 2022: The Business Journal asked senior accounting professionals in the region about the impact of IRS delays, best advice for clients and their best accounting jokes. Our very own Hiromi Young was interviewed for this article. Given the backlog at the IRS, what’s been the largest impact of that on your business, and your clients? Matthew […]

New Legislation Allows for Third Tasting Room in CA: 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 following changes: The changes come as a means to help California wineries with post-pandemic recovery. […]