Many breweries are heading into the new year with a lot of fear and uncertainty. Amid the COVID-19 pandemic, a struggling economy and a new presidential administration, planning for the coming year is much more complicated than in years past. Nobody knows how long it will take for the virus to get under control or […]
New York State is home to 447+ craft breweries. And you want to be number 448. No sweat right? But how many of these breweries will be around in year two? Contrary to common belief running a brewery isn’t as easy as growing a sick brewer’s beard. There’s a number of variables that could lead […]
Craft brewers that have not yet done so should consider whether investment in product development, formulations, recipes, techniques, and manufacturing processes may qualify for a federal tax subsidy known as the Research and Development (R&D) tax credit. Many craft brewers may not realize that every day brewing activities may qualify under the updated or “relaxed” […]
Live Oak Bank is committed to providing free educational content for NYSBA members. In the free tax webinar the recent changes to the Tax Reform Act and tax incentives for brewery owners are discussed. The webinar is on demand. You can listen any time and submit questions. The recent changes to the U.S. tax code have provided […]