What is the CHIPS Act?

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022. President Biden is expected to sign it into law shortly. Among other [...]

By |2022-08-05T11:26:52-04:00August 5th, 2022|Categories: Blog, Manufacturing & Distribution, Tax, Technology|Comments Off on What is the CHIPS Act?

5 Brewery Tax Saving Tips

Today, the combination of innovative flavors and unique branding has led to the success of the craft beer industry. With an ever-growing demand for more and more unique varieties, it’s no mystery why breweries are popping up all over [...]

Hobby Loss Rule: Hobby vs Business

So, you love your job. But did you know that combining business and pleasure could affect your tax deductions? While there are no laws against enjoying your profession, it is important to distinguish between business and recreation when it [...]

By |2022-07-22T08:01:37-04:00July 22nd, 2022|Categories: Agriculture, Blog, Brandon Scripps, Tax, Wine & Craft Brew|0 Comments

How to Find the Right Co-Packer

For startup food, beauty, and natural product companies that are interested in outsourcing their manufacturing, choosing the best co-packer is a critical decision that can impact their long-term success. Outsourced manufacturing — often referred to as co-packing, co-manufacturing, or [...]

By |2022-07-06T05:01:01-04:00July 6th, 2022|Categories: Blog, Food & Beverage, Frank Balestreri, Manufacturing & Distribution|Comments Off on How to Find the Right Co-Packer

Wherefour Optimizes Inventory and Co-Packing Success via Linked Accounts

Effective inventory management and communication between companies are critical factors in successful co-packing collaborations – which is why we are excited about Wherefour’s latest release that adds a new level of visibility to help food companies and co-packers work together more [...]

R&D in Food and Beverage Industry: Make Your Cake and Eat it Too!

One of the most overlooked (and fascinating) industries that should be taking advantage of the Research & Development tax credit is food and beverage.  Whether it’s a manufacturer of finished food products, an ingredient or flavor developer, or even [...]

By |2022-05-17T10:22:42-04:00March 24th, 2022|Categories: Ariane Woods, Blog, Food & Beverage, Research & Development (R&D), Tax|Comments Off on R&D in Food and Beverage Industry: Make Your Cake and Eat it Too!

Impacts of the COVID-19 Pandemic on the Manufacturing and Construction Industry in 2022

After the crippling consequences of the COVID-19 pandemic in 2020, the manufacturing and construction industries have managed to get back on top in 2021. The 2022 trends for these industries are favorable as well, indicating continued growth and recovery. [...]

By |2022-02-15T10:47:18-05:00February 15th, 2022|Categories: Audit, Blog, Construction, Manufacturing & Distribution|Comments Off on Impacts of the COVID-19 Pandemic on the Manufacturing and Construction Industry in 2022

Understand the Best Ways to Optimize Your Brewery or Winery’s Cash Flow in 2022

Cash Flow Forecasting Equals Positive Business Cash Flow Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and proactively address working capital gaps. They can also help avoid late [...]

By |2022-02-04T19:32:52-05:00January 28th, 2022|Categories: Audit, Blog, Manufacturing & Distribution, Wine & Craft Brew|Comments Off on Understand the Best Ways to Optimize Your Brewery or Winery’s Cash Flow in 2022

The ABCs of Activity-Based Costing

Revenue and expenses, as reported on your company’s income statement, have limited usefulness to people inside the organization. Managers often need information presented in a different format in order to make operational and strategic decisions. That’s where activity-based costing [...]

By |2022-08-22T10:37:31-04:00January 27th, 2022|Categories: Audit, Blog, Construction, Manufacturing & Distribution|Comments Off on The ABCs of Activity-Based Costing

Beer and Wine Series: Opportunities in Sustainability

The term “sustainability” encompasses a broad range of non-financial  metrics that  affect a company’s financial condition and performance. Media attention on ESG or environmental, societal, and governance matters has increased public awareness and prompted concerns about how sustainability issues could impact [...]

By |2022-05-23T15:52:37-04:00January 21st, 2022|Categories: Blog, Jennifer Cantero, Sustainability, Wine & Craft Brew|Comments Off on Beer and Wine Series: Opportunities in Sustainability
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