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Concannon Miller to Explain New Tax Benefits to Brewers

Posted by Concannon Miller on Oct 10, 2018 8:00:00 AM

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Andrew Desiderio color 1Concannon Miller will detail the many new tax benefits available to brewers at the Brewers of Pennsylvania 4th Annual Mid Atlantic Brewers’ Symposium.

Andrew Desiderio, CPA, CMP, who heads Concannon Miller’s craft beverage niche, will speak on brewery investments, state tax credits and federal excise tax savings.

The new federal Tax Cuts and Jobs Act lowers taxes on just about every alcohol producer, including craft brewers, hard cideries and mead makers. It also offers significant new benefits for small business owners and equipment investments.

Desiderio also will detail Pennsylvania’s renewed Malt Beverage Tax Credit, which allows brewers to count qualifying capital expenditures against their state malt beverage excise tax liability.

“There are a lot of new tax benefits brewers can take advantage of if they learn how to incorporate them with their business planning,” Desiderio says.

Concannon Miller has worked with brewers for 22 years and with manufacturers in various industries since the 1960s. The firm also is a Brewers of Pennsylvania member.

The Brewers of Pennsylvania Mid Atlantic Brewers’ Symposium runs Oct. 11-12 in State College, Pa. Desiderio also spoke at the 2016 and 2017 Brewers’ Symposiums.

Topics: Events, Brewers, 2017 Federal Tax Reform

Concannon Miller’s unique, holistic and intimate approach to financial health sets us apart from smaller CPA firms with more limited resources as well as mega firms where mid-sized clients struggle for attention. Contact us here to talk about improving your business.

This communication is designed to provide accurate and authoritative information in regard to the subject matter covered. However, the general information herein is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purposes of avoiding tax penalties.

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