I received this email a while back about brewery valuation and sale and wanted to share… Chris, We are a small brewery about to celebrate our 4 year anniversary. I think our growth has been strong over the 4 years since we have doubled capacity year over year. Our sales are primarily taproom (beer only) […]
Brewery Valuation Question Read More »
January is a weird part of the year for craft beer. Breweries are accustomed to writing it off as a slow part of the year. What if you have a strategy in place? I have found that business owners relate strategy to 3 distinct characteristics. Lofty goals Missions Values While these “business terms” are critical
Wintertime Strategy Read More »
It’s Thanksgiving Week! We’re hosting, kids are home, I’m cookin’……Life is good. Before I get into the tax tip I want to share a story of thanks with you. If you are a brewery and work with us, you know Bridget. Ask any of our customers, and they will tell you Bridget is awesome. She
Tax Tip Tuesday E.9 – Tax Reform Read More »
I’m sure you have heard that tax reform is upon us. Exactly what, when, or how is yet to be determined, but I am certain it is happening. I will dedicate the next two Tax Tips to explain how the changes will affect your business and personal taxes. This week I will share my thoughts
Tax Tip Tuesday E. 8 – Tax Reform Read More »
Hey, here we are 7 weeks into our Tax Tip Tuesday series, have they been informative? Let me know. While all this info is super important for wealth creation, I can’t wait to get back into the strategy posts. I have been traveling, speaking, and helping breweries push through the plateau. Yes, I said plateau;
Tax Tip Tuesday E.7 – Depreciation Read More »
Happy Halloween Everyone! My kids are dressing up as 2 Minions and a Poppy (Trolls) They have me going as Gru…. As promised, this week is going to be about tax credits and deductions. Every brewery in the land should be trying to take advantage of the following: FICA Tip Credit Domestic Production Activity Deduction
Tax Tip Tuesday E.6 – Deductions and Credits Read More »
Hey, If you are just joining us, each week I am releasing a Tax Tip Tuesday through December 1, 2017. This week I want to talk about audits, any agency audits. (IRS, State, TTB, ABC) Tense? I know. But it doesn’t have to be. Getting audited a real fear for some
Tax Tip Tuesday E.5 – Audit Myths Read More »
Hey, this week’s tax tip is the conclusion to a 3 part series. If you are just joining us, I highly recommend you start with Part 1 and Part 2, before reading this conclusion. Last week’s recap: Brewery owner was given advice to spend, spend, spend because his CPA projected $40,000 in profits at year
Tax Tip Tuesday E.4 Read More »
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
Tax Tip Tuesday E.3 Read More »
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
Tax Tip Tuesday E.2 Read More »