Welcome to Don Thomas CPA, where we understand the unique challenges and opportunities that come with the art of beer brewing. As your dedicated tax and accounting partners, we're here to help you navigate financial issues exclusive to the brewery industry. Let us handle the tough stuff while you hone your craft (literally).
1. Craft Brewery Tax Credits:
Discover and capitalize on tax credits available exclusively to craft breweries. Whether it's the Treasury Department’s Craft Beverage Modernization and Tax Reform Act or state-level incentives in Florida, we'll help you leverage these credits to maximize your tax savings.
2. Excise Tax Management:
Navigate the complexities of excise taxes on alcohol production. We assist in accurate reporting and compliance with federal and state regulations to avoid costly penalties.
1. Ingredient Cost Tracking:
Efficiently manage and track costs associated with brewing ingredients, including hops and yeast. Our accounting solutions integrate systems to monitor fluctuations in ingredient prices, helping you maintain optimal profit margins in QuickBooks or another accounting software system.
2. Batch Costing Analysis:
Implement batch costing strategies to analyze the true cost of each brew – and price your beverages accordingly. This insight allows you to set competitive rates, optimize recipes, and enhance overall profitability.
1. Distribution Tax Implications:
Address tax implications related to distribution and sales in various states and countries. Our experts ensure compliance with tax regulations specific to brewery sales, both on-site and through distribution channels.
2. Taproom Sales and Reporting:
Streamline taproom sales reporting to gain accurate insights into revenue streams. We tailor accounting processes to align with the unique dynamics of taproom sales and brewery events.
1. Brewery Expansion Planning:
Plan for your Florida brewery’s expansion with a focus on financial forecasting. Our services help you navigate the financial landscape when expanding production, opening a new taproom, or introducing new brews.
2. Branding and Marketing Expenses:
Optimize your tax strategy for branding and marketing expenses. From label design to promotional events, we ensure these costs are tracked and accounted for to support your business growth.
At Don Thomas CPA, we don't just understand taxes and accounting; we understand the craft behind brewing. Our specialized tax and accounting solutions are designed to enhance the financial success of your brewery.