This was a year of challenges that significantly hurt the brewery industry. Breweries tried different tactics to stay afloat, including relying heavily upon grants and loans. One year later, we are in a land of acronyms that have helped in the economic recovery of the industry, such as PPP (Paycheck Protection Program), ERTC (Employee Retention […]
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” […]
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 […]