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California $43 Billion Wine Sector Economic Outlook a Focus of CalCPA 2020 Wine Industry Conference

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Impact of COVID-19, Wildfires, Labor Laws to Be Addressed

BURLINGAME, CA., November 5, 2020: 

WHY: This past year has been a trying year for California’s $43.6 billion wine industry (retail value of wine sales). Supply chains and distribution have been disrupted, wholesale demand has decreased, labor laws have impacted growers, and revenues were hammered across the sector. Attend the CalCPA 2020 Wine Industry Virtual Conference to find out what is affecting this sector, as well as learn about the economic, tax, accounting and legal developments impacting winery owners.

“Between the pandemic, wildfires and economic uncertainty, 2020 has been an incredibly trying year for the wine industry,” said Rae Paulson, CPA, business assurance senior manager with Moss Adams and CalCPA Wine Industry Conference Committee Chair. “Come join us for this two day conference where you will learn about critical changes facing the industry—directly from top industry experts—and possible solutions.”

WHEN: December 7-8, 2020 8:30 a.m. to 2:15 p.m. PT

WHERE: Online Conference – visit calcpa.org/wine for agenda, speakers and to register.

WHAT: This two-day virtual conference will cover local and global trends shaping the California wine industry. It will equip accounting and finance professionals with the latest information about the outlook for this sector so that they can best advise wine industry clients or employers. This year’s virtual conference will include:

  • Keynote focusing on the future of the wine industry in the digital evolution era
  • Impact of 2020 California wildfires focusing on the effect on property taxes
  • Insurance update
  • Overall economic outlook for the wine industry
  • Impact of COVID-19 on the wine industry
  • Consequences of items in the CARES Act (Non-income tax)
  • Use of artificial intelligence (AI) in the wine industry;
  • Inventory costing
  • Income tax planning and strategy
  • Recognizing new tax
  • Accounting and legislative updates that impact the wine industry
  • Crop valuation issues
  • Grower relations
  • Ultimate impact on the “2020 vintage”
  • Oversupply issues  

 WHO: Expert speakers include:

  • Jean-Charles Boisset, proprietor & president of Boisset Collection
  • Erik Lawrence, managing partner of Gaw Van Male
  • Kathy DeVillers, CFO of Vintage Wine Estates
  • Tobin GinterCFO of Rodney Strong Vineyards
  • Tory Sims, CFO of Frank Family Vineyards
  • Bob Aldridge, senior executive officer of Louis Jardot Estates
  • Corey Beck, CEO & winemaking chief of Francis Ford Coppola Winery
  • Richard Rybicki, labor and employment attorney of Rybicki & Associates, P.C.
  • David Pardes, CPA, tax partner of PricewaterhouseCoopers

About CalCPA

CalCPA traces its heritage to 1903 when the California State Society of Certified Public Accountants was organized. In 1909, it merged with two other state CPA associations to form CalCPA. CalCPA serves more than 43,000 members in public practice, private industry, academia and government, and has 14 chapters across California. CalCPA also offers more than 1,400 live courses, conferences, webcasts and on-demand self- courses annually. More information is available online.

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