There are unique tax opportunities available for wineries and breweries.

The winery and brewery industries suffered greatly from the pandemic, but both will significantly benefit from recent economic relief.

Wineries and Breweries are ideal candidates for powerful existing tax incentives.

Barrels and Kegs must either be leased or purchased, new product lines developed, and barrel-aging often prevents the immediate opening of these businesses.

Wineries and breweries are prime candidates for cost segregation, whether leasing or owning property, and research and development credits are available for new techniques and lines.

Wineries and 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.

Our panel 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.

We will review these and other critical issues:

Strategizing new lines, equipment purchases, and acquiring kegs
How wineries and 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 wineries and craft brewers
Pandemic relief available to wine and beer makers