by Henry H. Jones, CPA, CVB | Oct 11, 2018 | Family Business, Wine Business
We visited Rappahannock Cellars for the third time Saturday. Located in Huntly, Virginia, an unincorporated community in Rappahannock County, Virginia, Rappahannock Cellars is a Virginia winery opened in 2000 by the Delmare family. We stayed with my brother-in-law in...
by Henry H. Jones, CPA, CVB | Sep 28, 2018 | Accounting, Wine Business
In this article, we discuss income accounts commonly included in a winery chart of accounts. Please see our article concerning the importance of your winery chart of accounts as an introduction to this topic. Income results from transactions that increase the value,...
by Henry H. Jones, CPA, CVB | Sep 24, 2018 | Accounting, Wine Business
As a winery owner, you wonder why your chart of accounts is important. Wait, you don’t? Well, sometimes you do but you have many other demands on your time and energy, so you may not. When an accountant says “chart of accounts” most people quickly lose interest....
by Henry H. Jones, CPA, CVB | Sep 17, 2018 | 2 Freedom - Personal, Family Business
We celebrated my father’s 80th birthday last weekend with family and friends at the gorgeous Bluefield Inn. All three of his sons were there as were his daughter in-laws and five grandchildren. Tears of joy were shed when we met the newest additions to our family, his...
by Henry H. Jones, CPA, CVB | Jan 12, 2018 | Tax and Tax Planning
Which entity should you choose for your business? Corporation Yes No Maybe Partnership Yes No Maybe LLC Yes No Maybe...