Dear Friends,

Good news on SBA assistance programs was shared w ith me today. Michael Kaiser from WineAmerica reported that the Treasury Department issued guidance on the CARES Act forgivable loans. There have been questions regarding the eligibility of wineries because of the agricultural aspect of the business. Based on this guidance it seems that ANY form of business can apply. The application process will begin formally on Friday. WineAmerica will be distributing more information before the end of this week.  More details below courtesy of New York Farm Bureau.

WineAmerica also reported today that the The Alcohol and Tobacco Tax and Trade Bureau (TTB) recognizes that businesses that they regulate are being severely impacted by COVID-19. To assist these businesses during this period, they are postponing several filing and payment due dates for 90 days where the original due date falls on or after March 1, 2020, through July 1, 2020.

Specifically, they are:

  • Postponing tax payment due dates for wine, beer, distilled spirits, tobacco products, cigarette papers and tubes, firearms, and ammunition excise taxes.
  • Postponing filing due dates for excise tax returns.
  • Postponing filing due dates for submission of operational reports.
  • Postponing filing due dates for claims for credit or refund by producers.
  • Postponing filing due dates for claims by manufacturers of nonbeverage products.
  • Postponing due dates for submission of export documentation.
  • Considering emergency variations from regulatory requirements for affected businesses on a case-by-case basis.
  • Reviewing requests for relief from penalties based on reasonable cause.

Please contact Michael Kaiser with any questions.

I can not conclude this email without a lighthearted recommendation especially for a day that celebrates good nature humor. I highly recommended subscribing to Paul Grieco's terroir newsletter to red about his daily musing from the terroir bunker deep below New York City. His Instagram page also will give you a good laugh.