Breweries

Crafting The Perfect Plan For Your Brewery

About Brewery Accounting Services

The craft brewing industry continues to grow, and today’s brewers face many unique and difficult challenges: inventory control, research and development, overhead allocation and developing pricing strategies.

The industry requires the owners to have good working relationships with financing sources, to be innovative and receptive to new brewing techniques and to have a thorough grasp of cost accounting principles.

The industry is highly regulated and requires owners to maintain detailed accounting records. Periodic and annual filings are required by federal and state law. In order to be successful, today’s brewery owner must be capable of wearing many hats.

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Judy R. Sees, CPA

SSB Brewery Industry Consultant

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Kayla A. Emanuelson, CPA

SSB Brewery Industry Consultant

 

Specialized Brewery Services

  • TTB filings, including brewer's report of operations and federal excise tax reporting

  • Development of pricing structures

  • Evaluation of production methods

  • Evaluation of production costs—fixed vs. variable

  • Inventory management and controls

  • Expansion considerations

  • Distribution matters

Tax Services

  • Coordination of business and personal tax planning

  • Income and cost recognition methods

  • Multistate issues—nexus, sales and use tax, franchise, income and other taxes

  • Structuring of business entities

  • Specialized deduction and credit opportunities such as research and development credits

Financial Services

  • Recommendations to improve working capital to help increase financing capacities

  • Evaluation, development and installation of accounting systems

  • Budgets and projections

  • Financial statements according to present industry standards

Wealth-building Services

  • Business continuation and succession planning

  • Analysis of potential acquisitions and mergers

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