Maximizing Small Business Tax Breaks for Breweries 1

Maximizing Small Business Tax Breaks for Breweries 2

Understanding Brewery Tax Breaks

If you own a small brewery or are considering starting one, chances are you want to get as much money back on your taxes as possible. You may already know that breweries enjoy several tax breaks, but which ones can you qualify for, and how do you get the most out of them? Our goal is to deliver an enriching educational journey. For this reason, we recommend this external source containing more details on the topic. Learn from this helpful document, investigate and discover more.

Firstly, just what are tax breaks? Tax breaks are deductions and credits that you can claim on your brewery tax return to reduce the amount of taxes you owe. This means that instead of paying the full amount of taxes for your brewery, you pay less.

As a small brewery, you are entitled to several tax breaks. The excise tax is the most popular brewery tax break. The excise tax is a tax on the volume of beer you produce. You may pay less excise taxes if you are producing less than 2 million barrels of beer annually. Under the Craft Beverage Modernization and Tax Reform Act, small breweries producing less than 60,000 barrels per year pay a lower federal excise tax rate.

How to Get the Most Out of Brewery Tax Breaks

It’s not enough to know that you qualify for brewery tax breaks. You need to know how to get the most out of them. This means minimizing your tax liability and qualifying for as many tax breaks as possible. Here are some ways to maximize your brewery tax breaks.

Keep Good Records

Keeping accurate records of your expenses, profits, and payroll can help you identify all the brewery tax deductions that you qualify for. With good records, you can back up your claims and avoid getting audited. You can use software like Quickbooks, Xero, or Wave for record keeping.

Claim Every Deduction You Qualify For

Your goal should be to claim every brewery tax break you qualify for. Some of the deductions you can claim include the cost of ingredients, equipment, labor, insurance, and rental fees.

Work With a Brewery Tax Professional

Working with a brewery tax professional can help you understand more about brewery tax breaks, what you qualify for, and how you can get the most out of them. A professional accountant or tax attorney can help you minimize your tax liability and avoid mistakes.

Other Considerations

Knowing how to maximize your brewery tax breaks can save you thousands of dollars. However, it’s important to keep in mind that tax laws can change, and there may be additional brewery tax breaks that become available. Keeping yourself informed about changes in tax laws and taking advantage of them as soon as possible is essential.

Moreover, as a small business owner, it’s also important to focus on the other aspects of your business, such as increasing sales, improving product quality, and building relationships with your customers. Keeping your brewing business running well is just as important as maximizing brewery tax breaks.


Maximizing your small business tax breaks for breweries takes understanding which tax breaks you qualify for and how to get the most out of them. Working toward minimizing your tax liability and claiming every deduction you qualify for is key. Remember to keep good records and seek the services of a brewery tax professional. Keep yourself informed about changes in tax laws and focus on improving other areas of your brewery business. If you wish to expand your knowledge further on the subject, don’t miss this carefully selected external resource we’ve prepared to complement your reading.

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