The Small Business Facade and Property Improvement Program is a component of the Inclusive Economic Opportunity Districts Program that provides matching grants to property and business owners that are interested in renovating. These improvements could include new signage, exterior lighting,
Do you run or manage a restaurant or any other related business and had less than 100 full time employees, that took a significant hit to revenue in 2020? Then there is a strong likelihood you qualify for the employee
As 2016 has come to an end, taxpayers need to be proactive in year-end tax planning. The Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was signed into law in December 2015 and made many changes that
Do you own a brewery and have a question that you think may be outside of your CPA’s scope of knowledge? Do yourself a favor and contact Somerset as we have dedicated professionals focusing on the accounting needs of
Owning and operating a brewery can be an expensive business, from the cost of maintenance and ingredients for brewing the beer, to employee compensation and everything in between. What can breweries brewing their own beer do to help keep
Beer is healthy… sign me up! A Cali-based brewery is making beer healthy. This brewery is adding “super foods” (acai berry, cinnamon oil and flax seed oil) known for their nutritional value and health enhancing properties. Genius! Now we can
Brewing good beer is a science, but brewing great beer is an art. Barrel aged beer is usually done on a small scale and can start with a single cask. It’s impossible to determine how the beer will react –
A youthful audience: 49% of Millennials say that craft beer appeals to them. Industry growth: Indiana has gone from 63 breweries in 2013 to 98 today, while craft beer sales nationally rose 17.2% in 2013. Local love: 40% of GenX’ers
Growing season is in full swing, and according to the latest hop report, growth in market product is expected. While Indiana is known for corn, there is “more than corn in Indiana” as the saying goes, and Indiana hop farms
Design firms are continuing their steady recovery from the recession but have yet to return to the level of financial strength they enjoyed prior to the downturn, according to the 2014 Deltek Clarity A/E Industry study. Somerset CPAs and
There is legislation that may change the excise tax regulations in the country, lessening the burden on craft brewers. And if this legislation gets through Congress, most craft brewers will benefit. This bill would reduce the federal beer excise
Raising capital can be grueling that entails infinite sales pitches and pleas for checks. Somerset CPAs can help you navigate and avoid any pitfalls that may arise in seeking out necessary cash to grow your brewery business. There are
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Somerset CPAs and Advisors is now part of CBIZ and MHM. Together, CBIZ and MHM are one of the Top Ten accounting providers in the country. Please click here for more information.
