1-Year Excise Tax Relief Extension Signed into Law
President Donald Trump today signed into law a tax extender package that includes the CBMTRA, which passed both chambers of Congress this week. Watertown MA, Dec. 20, 2019 — Federal excise tax (FET) relief for makers of beer, wine and spirits is locked in place through the end of 2020.
Hard Seltzers Help Drive 2019 Beer Category Dollar Sales Growth through November
Watertown MA, Dec. 19, 2019 — With just one month left in 2019, off-premise beer dollar and volume sales appear poised to finish in the black.
BA: 4% Craft Volume Growth ‘Likely’ in 2019
Watertown MA, Dec. 10, 2019 — Craft brewers are on pace for another year of low single-digit growth, the Brewers Association announced today in its annual “The Year in Beer” review.
What the expiration of the CBMTRA means for brewers
Cincinnati OH, Dec. 10, 2019 — Passed by Congress in 2017 as part of the Tax Cuts and Jobs Act, the Craft Beverage Modernization and Tax Reform Act (CBMTRA) created a two-year provision for Federal excise tax relief to craft brewers who produce fewer than two million barrels (bbls) annually. Additionally, CBMTRA offers numerous other benefits for wine and...
Craft beer sector will likely grow by 4% in 2019
8,000 breweries now in operation, says BA report Cincinnati OH, Dec. 10, 2019 — As 2019 comes to a close, the Brewers Association (BA) — the not-for-profit trade association dedicated to small and independent American brewers — takes a retrospective look at the contributions and major milestones of the country’s craft brewing community during the past year. Continued growth, record...
NBWA releases Beer Purchasers’ Index for Nov. 2019
Craft still expanding but slower than last year Cincinnati OH, Dec. 10, 2019 — Last week, the National Beer Wholesalers Association (NBWA) released the Beer Purchasers’ Index (BPI) for November 2019. The index surveys beer distributors’ purchases across different segments and compares them to previous years. A reading greater than 50 indicates the segment is expanding, while a reading below...
TTB pro tip
Supply enough info about your ingredients (these spec sheets will help) Cincinnati OH, Dec. 9, 2019 — Your pals at the Alcohol and Tobacco Tax and Trade Bureau (TTB) say one of the most common problems they see in beer formula applications is not supplying adequate information about one or more of the ingredients listed in the formula.
5 insights from independent alcohol store owners survey
Cincinnati OH, Dec. 5, 2019 — Drizly, the nation’s largest online alcohol marketplace, released its first-ever comprehensive monitor of America’s independent alcohol store owners and managers, providing a backstage view of local bricks-and-mortar alcohol retailing in all aspects. Among key findings are a marked disparity between short-term health (positive) and longer-term business outlook (mixed at best), predictions of organic...
Keys to Improving Day-to-Day Taproom Operations
An excerpt from The Microbrewery Handbook Cincinnati OH, Dec. 3, 2019 — The Microbrewery Handbook, a first-of-its-kind guide to what it takes to make or break a successful microbrewery, hit book store and digital ebook shelves just before Thanksgiving, and CBB was provided a sneak peek to share with all of you.
Here’s a super interesting post about October 2019 domestic tax paid estimates
Cincinnati OH, Dec. 2, 2019 — What? You don’t like tax talk first thing in the morning? Sorry. I find that after an extended break from work that is focused on food and drink, I like to do the easiest thing possible that first day back. Today that’s posting this obnoxiously boring info released by the Beer Institute —...