Tax Strategies for Breweries: Leasing vs. Buying Kegs, Choice of Entity, R&D Credit, Excise and Other Taxes

Note: CLE credit is not offered on this program

A live 110-minute CPE webinar with interactive Q&A


Monday, June 14, 2021

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, May 21, 2021

or call 1-800-926-7926

This webinar will address general business decisions, the numerous taxes paid, and the incentives available for brewery owners and advisers. Our brewery experts will focus on steps to take to minimize taxes and maximize profits for these businesses.

Description

There are unique tax opportunities available for breweries. This industry overall suffered greatly from the pandemic but may significantly benefit from recent economic relief. Breweries are ideal candidates for powerful existing tax incentives.

Tax conundrums begin almost immediately for breweries. Kegs must either be leased or purchased, new product lines developed, and barrel-aging often prevents the immediate opening of these businesses. Simultaneously, breweries are prime candidates for cost segregation, whether leasing or owning property, and research and development credits are available for new lines and brands.

Breweries are subjected to significantly more taxes than other businesses, including excise alcohol tax, sales, and specific state and local taxes. Under the CARES Act, certain excise taxes have been temporarily waived. With interest in this industry continuing to grow, tax practitioners need to stay abreast of the unique taxes, incentives, and caveats that apply to these businesses.

Listen as our panel of craft beer business experts points out tax considerations of opening, exiting, and operating a brewery.

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Outline

  1. Breweries: an introduction to the industry
  2. General business strategies
  3. Tax saving opportunities
    1. Cost segregation
    2. Research and development credits
    3. Pandemic relief
  4. State, local, and other taxes
  5. Best practices

Benefits

The panel will review these and other critical issues:

  • Strategizing new lines, equipment purchases, and acquiring kegs
  • How breweries are ideally suited for the research and development credit
  • Handling taxes applicable to the beer industry, including alcohol excise and sales and use taxes
  • Structuring considerations for craft brewers
  • Pandemic relief available to beer makers

Faculty

Fischer, Eric
Eric T. Fischer, CPA

Tax Partner
BDO USA

Mr. Fischer has 10+ years of experience in Federal income tax matters for private and public companies. Prior to BDO,...  |  Read More

Fuller, Daniel
Daniel (Dan) Fuller

Tax Partner
BDO USA

Mr. Fuller is the Managing Partner of the firm’s Business Incentives & Tax Credits practice and is the leader...  |  Read More

Zukofsky, Dana
Dana Zukofsky, CPA, MBA

Director
BDO USA

Ms. Zukofsky specializes in providing tax, assurance, and financial consulting services to the restaurant and...  |  Read More

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Early Discount (through 05/21/21)

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Early Discount (through 05/21/21)

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