Beverage

The beverage industry is complex and highly competitive. There are constantly new entrants into the market, margins are tight, multi-state tax filings are often required, and affiliated tasting rooms, vineyards, and brewpubs lead to multiple revenue streams to manage. 

As an Oregon-based firm started in 1945, Kernutt Stokes has grown alongside the beer and wine producers in the state. We specialize in partnering with beverage businesses on the whole business, not just on tax planning and compliance. We know that succeeding in the beverage industry requires considering all aspects of your business including your ownership structure, pricing, profitability, product distribution, taxes, and more. 

At Kernutt Stokes, you’ll have an experienced team that also works alongside our other teams that work with industries associated with yours. The team specializing in agribusiness at Kernutt Stokes can lend their expertise related to your vineyard or hops-growing operation, or our transportation team can work with your distribution fleet. In addition, our teams are backed by the national resources of the BDO Alliance, so we can help you as your distribution grows and we need to consider multi-state tax issues or filings. 

We are proud to be involved in many industry alliances including the Brewers Association and Oregon Brewers Guild. In addition, we make it a point to provide our clients’ beer and wine at our own events so we can support them while enjoying a tasty lager or a delicious pinot.

Now, let’s raise a glass to partnership and success in Oregon’s thriving beverage industry!

Meet Our Beverage Team Lead

Matthew S. Diment, CPA
“I really enjoy serving this industry because I'm passionate about craft beer. I’m a home brewer and I choose vacation destinations around breweries and beer-centric places. I feel lucky to be able to partner with beverage producers!”
- Matthew Diment, CPA, Director of Niche Development

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Information and Resources

1099 & Year-End Reporting/Compliance Requirements for 2024 and What’s Changing in 2025

by Kernutt Stokes |
What you should know about 1099 changes for 2025, as well as year-end reporting and compliance requirements if you have employees.

Employee Retention Credit | IRS Sharply Increases Compliance Action Through Taxpayer Audits

by Kernutt Stokes |
To combat a wave of frivolous employee retention credit (ERC) claims, the IRS has sharply increased compliance action through audits and criminal investigations, with more activity planned in the future. In this heightened enforcement environment, employers are advised to act swiftly when responding to IRS notices regarding ERC claims.

4 Ways Accounting Practices Aid in Fraud Prevention

by Charlotte Kreitlow |
Fraudulent activities come in many forms, often exploiting weaknesses in internal controls and processes. According to the Association of Certified Fraud Examiners (ACFE), businesses lose an estimated 5% of their annual revenues to fraud each year. This staggering statistic underscores the urgency for businesses to implement proactive measures to deter, detect, and mitigate fraud. In this blog, I’ll share four ways your accounting practices can help in fraud prevention.

Fraud Prevention | Safeguarding Your Business

by Charlotte Kreitlow |
In the intricate web of commerce, businesses are vulnerable to various risks, with fraud being one of the most insidious threats. From embezzlement to financial misstatement manipulation, to asset misappropriation, fraudulent activities can cause irreparable damage to a company's financial health and reputation. In the face of such risks, a robust fraud prevention framework is indispensable, and well designed and implemented accounting practices play a pivotal role in fortifying the defenses of businesses against fraudulent activities.