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 tax on the first 60,000 bbls produced by domestic brewers that produce fewer than 2 million bbls annually to $3.50 per barrel.  So yes, pretty much all of you brewery business owners reading this are going to benefit!

Somerset CPAs experienced team of professionals has a wealth of knowledge to meet the needs of craft breweries. Contact us today to learn more about how we can help your brewery thrive.