Do you ever look at certain companies, whether global sensations or local favorites, and wonder – what is it that makes them such strong front-runners in competitive environments? Imagine the potential impact on local businesses and local economies if we could figure that out. After all, strong local businesses build

Last updated on March 4th, 2024Artificial Intelligence – a.k.a. AI – has taken the world by storm, especially with certain apps making their way to the mainstream in the last year. World leaders are trying to figure out how to govern it. Large companies are looking for ways to maximize

Last updated on February 7th, 2024A tax credit reduces the amount of taxes you owe, dollar for dollar. Tax credits are available at the federal and state levels. Here are some highlights about of two tax credits every brewer/distiller/distributor business should explore. New York’s Alcoholic Beverage Production Credit Starting tax

Last updated on January 11th, 2024You’ve worked hard to build your wealth. Protect it by resolving to make gift and estate tax planning a priority in the New Year. This is especially important in 2024 and 2025 since, without legislative action, the valuable Tax Cuts and Jobs Act’s (TCJA’s) gift

Have you been thinking about purchasing new or used equipment to enhance services? How about upgrading technology and software or updating your facility? With end of year approaching, you have limited time left to consider whether to purchase, lease, or finance certain assets to take advantage of Section 179 tax

Earlier this year, we reported on Governor Hochul’s Commission to Study Reform of the Alcoholic Beverage Control (ABC Law) in an attempt to modernize the state’s liquor laws (some of which purportedly date back to the end of the Prohibition Era in 1933). In May of this year, the commission

In the blink of an eye, we’re in the last quarter of 2023. Don’t blink again or you’ll miss the three months remaining in 2023 to make decisions that can impact how much you’ll pay in taxes come April. Here are a few questions to consider and possible tax deductions

According to a recent article in Beverage Daily, “In a maturing market, US craft brewers are up against rising costs and supply chain disruptions. But the Brewers Association says its midyear survey indicates optimism for the second half of the year.” (Arthur, Rachel. “Optimism and challenges for US craft beer