Exkalibur University, Organizer & Host
Following our 6th Annual Wine Industry Workshop in December, we were asked to host a Wine Finance Seminar to focus on some of the new and unique financial challenges facing the Wine Industry. This event is organized by Exkalibur University, the education affiliate of The Exkalibur Organization, with the support of our Wine Industry Sponsors.
1. The Wide-Ranging Impact of the Tax Reform Act of 2017
The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, and became effective on January 1, 2018, including the Craft Beverage Modernization and Tax Reform (CBMTR) provisions.
Our tax experts will cover significant income tax law changes impacting individuals and identify potential tax-saving opportunities for winery and vineyard owners that were created or expanded under the new legislation.They’ll also highlight federal excise credits and other aspects of tax reform that apply to a broader cross-section of individuals and businesses, including those involved in farming activities.
Aaron Tomkins, CPA, Senior Manager, Moss Adams LLP
Anya Lopez, CPA, Senior Manager, Moss Adams LLP
2. The Top 6.5 Risk Management Strategies Essential for Wine Industry Success
In the wake of the tragic fires that struck in wine country last year, along with earthquake and other unexpected challenges from Mother Nature, it’s an ideal time to make sure you’ve got all your bases covered.
- How is “Business Income” calculated so I know my risk coverages are adequate when a claim is filed?
- What should be included in a Disaster Planning memo to make we don’t leave anything out?
- How do we balance a beautiful property with attractive foliage without creating a fire hazard?
Get the answers to these and the other 3.5 Critical Risk Management strategies for 2018!
Liz Bishop, Managing SVP, Heffernan Insurance Brokers
Debra Costa, Senior Vice President Heffernan Insurance Brokers
3. Key Performance Indicators (KPIs) Used by the Most Successful Wineries
There are countless ratios, benchmarks and covenants that companies may choose to monitor, measure and drive superior performance.
This panel will address some of the Key Performance Indicators (KPIs) used by the most successful wineries to achieve success in the wine industry.
Steve Tamburelli, CEO, Clos du Val
Phil Borgmeyer, CFO, Goosecross Cellars
Marshall Graves, Vice President, Wine Industry Specialist, Bank of Marin
4. Successful Practices to Manage Growing Labor Shortages and Higher Labor Costs
This panel will address the increasing labor management demands in the wine industry.
Labor challenges are mounting as a result of multiple factors. There continue to be acute labor shortages at all levels, and as expected, resulting higher labor costs required to attract employees. These pressures can be felt in the vineyards and tasting rooms as well as at the executive level.
If you’re not facing this issue head-on, you’re already behind the curve. Join our industry experts who have their fingers on the pulse of the labor market and benefit from their keen insights and innovations to address this short and long-term challenge.
Nicole Cummings, PHR, Human Resources Director, Cakebread Cellars
Lisa Meyer, HR Director, Pernod Ricard Winemakers
5. Innovative Incentive Programs to Recruit, Retain and Reward Your Key Employees
Given the labor challenges at all levels within the wine industry, creating programs to reward key performers can go a long way toward creating a superior workforce.
Cam Carlson, Principal of Carlson Hammond, will cover the current landscape of incentive plans available for privately held companies to help you identify and implement compelling incentive programs.
His presentation will cover these topics and more:
- Equity-based incentives like restricted stock and stock options, including both qualified and non-qualified Incentive Stock Options (ISOs).
- Synthetic equity incentives including Restricted Stock Units, Phantom Stock and Stock Appreciation Rights (SARs)
- Deferred Cash-Based Incentives including restricted bonus arrangements, Supplemental Retirement Executive Plans (SERPs) and voluntary deferred compensation.
He will also discuss IRS compliance rules that have impacted the design of executive incentives, including, for example, compliance rules that have affected the growing shift from restricted stock options to restricted stock units.
Cameron M. Carlson, Principal, Carlson Hammond
Contact the Exkalibur Team
Please don’t hesitate to reach out to the Exkalibur Team if you need assistance for any reason.
You can reach our Business Manager, Deborah Harlow at Deborah@Exkalibur.com; 888–351–8880, x 3. I promise she will respond promptly to your inquiry.
You may also reach me directly at Lary@Exkalibur.com or 888–351–8880, x1.
I hope you’ll join us for this unique, practical and action-packed workshop.
Please let us know if we can be helpful to you in any way.
All the best,