LIFO (Last-In, First-Out) is a widely-accepted inventory accounting used by large and small companies throughout the U.S. economy since 1938. Virtually every WSWA member company uses the LIFO method.
Any tax reform effort must be comprehensive in nature – taking into account changes to both personal and corporate tax rates. In recent years, there have been attempts to force most pass through entities – S corporations, partnerships, limited liability corporations, etc. – to become C corporations.
Congress should fully fund the Alcohol and Tobacco Tax and Trade Bureau (TTB) at $111 million in FY 2017, including $5 million dedicated to trade practice enforcement.
The annual Fall Membership Meeting (FMM) is WSWA’s primary annual governance meeting where Board members start determining next year’s agenda and provide direction on legislative, legal and regulatory matters. FMM also offers members the opportunity to network with fellow wholesalers and state association executives as well as engage with a host of interesting speakers. View the 2017 agenda. For more information, contact Kari Langerman. 2017 Fall Membership Meeting The Ritz-Carlton Washington, DC October 16-17, 2017
The Winter State Policy Conference provides an opportunity for wholesaler state association leaders to discuss the political and legal issues facing wholesalers across the country. By comparing notes and discussing strategy, the meeting increases the effectiveness of state associations and allows wholesalers to speak with a unified voice. The WSWA staff use this as an opportunity to receive input from state associations leaders and the implementation of national legislative and legal goals. 2017 Winter State Policy Conference The Ritz-Carlton San Francisco, CA December 6-8, 2017 For more information, contact Kari Langerman.
Mark Your Calendars: 75th Annual Convention & Exposition April 30 - May 3, 2018 Caesars Palace Las Vegas, NV 2018 Fly-In & “Toast to Congress” June 12-13, 2018 Hotel Location TBD Washington, DC The “Toast to Congress” will be held at Eastern Market 76th Annual Convention & Exposition March 31 - April 3, 2019 Grande Lakes Orlando Orlando, FL 2019 Fall Membership Meeting October 14-15, 2019 The Ritz-Carlton, Washington, DC Washington, DC 77th Annual Convention & Exposition April 21-23, 2020 Caesars Palace Las Vegas, NV
U.S.-Style Three Tier System Could Address Beverage Alcohol Challenges in U.K, WSWA Says
The nation’s nearly 6,000 wine and spirits wholesaler locations are the crucial part of the responsible and efficient distribution system that delivers adults the widest variety of products available anywhere in the world in a manner that controls access for of-age consumers, delivers tax revenue to local, state and federal governments, and ensures product safety and consumer protection.
The UK should consider adopting a similar structure to the US' three-tier alcohol system to tackle alcohol duty fraud, a trade group has recommended.
Family-owned distributors deliver wine and spirits from every corner of the globe to America’s neighborhood restaurants, bars and stores—and are a major economic engine, employing more than 74,000 workers nationwide who earn a collective $6.5 billion in annual wages as part of an industry that generates more than $50 billion in tax revenue each year.
American family-owned wine and spirits distributors and their employees provide millions of dollars in donations, volunteer hours, promotion and involvement with thousands of charitable and service organizations across the country.
One of the beverage alcohol industry’s most popular and long-running training and development programs for rising executives concluded last week with record-breaking attendance and participation.