At the NYSBA Brewers Conference in Syracuse presented by Mengel Metzger Barr & Co. LLP, Kate Welc gave an informative presentation about tax credits and deductions that could save breweries thousands of dollars. Kate referred to an innovation tax credit that applies to breweries. You don’t need to be reinventing beer in order to qualify. Updating […]
By AJ Earley You’ve probably heard about the elimination of bond requirements for small breweries/brewpubs, distilled spirit plants, and wineries that is set to take effect on January 1st, 2017. While this is exciting news, it’s important to make sure you understand the ins and outs of this new measure. Navigating tax law for small […]
Have you ever been to a NHL game? It is nothing short of exhilarating! Add in a private suite for 15 people at the Barclays Center stocked with food and New York craft beer and you have a fantastic evening. NYSBA is selling raffle tickets as a fundraiser for the organization which promotes and supports the […]
Starting January 1, 2017, if you are a TTB-permitted entity owing less than $50,000 in excise taxes in the previous year and expect to owe less than $50,000 in the current year on beer, distilled spirits, or wine, you will no longer be required to hold a bond. Because the bond exemption does not go […]
The cheapest claim for a brewery is the one that never happens. The best way to keep your insurance premiums low over the long term is to minimize the impact of claims on your business. While risk cannot be 100% removed from operating a brewery, there are a variety of ways a brewer or owner, […]
NYSBA members and non-members alike are invited to attend this complimentary seminar. Why Attend This Quality Seminar? The recent growth in the craft brewing business in the past several years has been tremendous. New breweries are popping up every day and the US is on pace to have 5,000 breweries by the end of the […]
by Alex Koral – Product Compliance Manager Oct 5, 2016 The Tax and Trade Bureau (TTB) has been on a roll recently to reduce regulatory burdens for beverage alcohol suppliers. On September 23, they announced changes to COLAs Online, including a redesign to the appellation and formula sections, and the removal of the alcohol content, net contents, […]
Dear Friends of Farm Viability, I’ve been thinking a lot about NY agriculture and local food lately and I hope you’ll indulge me as I share some thoughts. Over the last several years, there have been some chuckles as farmers discussed how fashionable it had become to be a farmer. Many of us, myself […]