DTC and Associated Sales and Income Tax Issues for Breweries

December 3rd, 2020 • by David Oksenhorn

DTC and Associated Sales and Income Tax Issues for Breweries

• by David Oksenhorn

With the COVID crisis still in full swing, many breweries are hurting. Extended closures of tasting rooms and select re-openings with reduced capacity have led to dramatically decreased sales. Many breweries look to their tasting rooms as their primary revenue stream, with most sales coming in the form of draft sales, with some to-go sales […]

Due Dates for Taxes and Operational Reports Postponed for Breweries

April 6th, 2020 • by Chip Grieco

In recognition that the brewing (and other alcohol manufacturing) industry is being “severely impacted” by COVID-19, the United States Alcohol and Tobacco Tax and Trade Bureau (TTB) issued a new Industry Circular (No. 2020-2) on March 31, 2020. This Circular postpones several filing and payment due dates by 90 days, providing welcome relief to brewers […]

Craft Brewing and R&D Tax Credit is Tasty Combination

November 14th, 2018 • by William Kuhlman

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” […]

SELECTING THE RIGHT BUSINESS ENTITY FOR YOUR BREWERY

September 21st, 2018 • by Bob English

What type of entity should you and your partner(s) use for your start-up brewery: a partnership, corporation or limited liability company (LLC)?  Here are some general considerations to tailor to your own circumstances. Entity.  A partnership is usually not an option as it would not limit your personal exposure to creditors and claims. An LLC […]