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This weeks tax tip is a continuation from last week. If you missed it, you can read it here. So we need a better strategy, one that provides the cash to pay taxes, avoids spending, and allows us to stockpile cash for use in future tax saving strategies. It’s that simple, and those who follow […]

Most tax planning advice given to small business owners is based on spending money. “Buy new equipment before year-end.” “Prepay next year’s insurance policy.” “Buy the heavy duty truck for your new ‘business vehicle’ so we can write it all off in year one.” Is this the best we can do? This annual ritual is

As you may know, I prefer to be writing and talking about brewery growth strategies. What you may or may not know that I have spent 15 years as a tax CPA. Not bragging; but bragging…..We know a lot about Federal and State income tax AND we have prepared just over 50 brewery tax returns over

Welcome to the quarterly edition of Savory Suds and Spent Grains from Small Batch Standard. I thought this would be a fun way to highlight some “Wins” and expose some stink of the craft brewing industry. Savory Suds go to Nancy P, Executive Director of GA brewers guild. This southern peach and their board used

I recently wrote a post about Gross Profit vs Gross Margin, it was nice.  Piggybacking off that topic I want to explain the differences between Markup vs Margin.  More specifically, what it looks like at different points in the supply chain.  In the margin vs markup game, margin wins….always.  Distributors and Retailers work off margin.

Recently, we have seen the M&A space for craft breweries in what I call a low boil. Meaning, it’s still hot, but people are talking less and less about it. Typical deals have been less risky than we have seen in the past. Beer groups are making minority interest investments in US craft beer. A

Starting a brewery is hard work. In the beginning and even up through the first 2 years everyone involved is wearing multiple hats, working long hours and feels like the work is never finished.  During this grind performance metrics last thing on anyone’s mind. Successful breweries are placing equipment performance metrics on the top of

PRODUCT. BRAND. MARKET. SELL. STRATEGY. EXECUTE. MEASURE. HACK. All bullshit aside, let’s forget about selling the brewery for a minute. Why don’t we focus on making it through this “umph.” I define a “umph” as the leveling off in an industry cycle. It happened in the 90’s, my paper talks about it, it will happen

I had three inquiry calls last week.  One question I always ask is, where are your distributing?  All three breweries used the term “hyper-local.”  Two of them asked about a strategy to move past “hyper-local” once they saturate “hyper-local.”   As many of you know dominating 30-50 miles from the brewery is a criteria for

I recently wrote a post about Gross Profit vs Gross Margin, it was nice.  Piggybacking off that topic I want to explain the differences between Markup vs Margin.  More specifically, what it looks like at different points in the supply chain.  In the margin vs markup game, margin wins….always.  Distributors and Retailers work off margin.