Kombucha is growing in popularity, and more breweries are starting to produce it. But is it an alcoholic beverage? And, if it is, is it considered beer? While there is variation among kombucha products, according to the Alcohol & Tobacco Tax and Trade Bureau (TTB), the term ‘kombucha’ “generally refers to a fermented beverage produced […]
By Jamie Ruiz and Brendan Palfreyman It is a great time to be in the craft beverage industry in New York State. Through the Consolidated Funding Application (CFA), craft breweries can apply to multiple sources of funding via one application to the local Regional Economic Development Council (REDC). Eleven state agencies have made funding available through […]
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 […]