Hops and Ledgers - Protecting Your Brewery Through the Coronavirus Crisis

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Welcome to the Hops & Ledgers Podcast!

Hops & Ledgers is a series of quarterly podcast episodes that will focus on the business aspects of the craft beverage industry.  Presented in partnership with Wipfli CPAs and Consultants, each episode will cover a different area of interest to launch or grow your brewery.  Our intentions with the launch of this new podcast were to bring you much more positive content, but due to the severe impact on the craft beverage industry we felt that our first episode should address Coronavirus / Covid-19 and the resources available to help ease the strain on brewers.

Wipfli CPAs and Consultants

Protecting Your Brewery Through the Coronavirus Crisis

Pat Tuley and Terry Hoover of Wipfli are our presenters in this episode and will cover the many options available to breweries.  The information presented here is up-to-date as of the recording but this is a constantly changing situation.  Please consults your financial advisor or contact Wipfli with any questions.

Topics discussed:

  • Overview of the Coronavirus Aid, Relief, and Economic Security Act (CARES)
  • SBA Loans for Breweries
    • Paycheck Protection Plan (PPP)
    • Economic Injury Disaster Loan (EIDL)
  • What brewers should be doing TODAY
  • Families First Coronavirus Response Act (FFCRA)
  • Emergency Paid Sick Leave Act
  • Emergency Expansion of Family Medical Leave Act
  • Tax Credits
  • Delayed Federal Tax Deadlines and Payments
  • Tax Provisions for Individuals
  • Employee Retention Credit
  • Delayed Payment of Employer Payroll Taxes
  • Modifications to Net Operating Loss (NOLs)
  • Limitation on Losses for Taxpayers other than Corporations
  • Limitation on Business Interest Expense
  • Temporary Exception from Excise Tax for Alcohol used to Produce Hand Sanitizer

Resources

Have Questions?

Please contact your financial advisor with any questions or reach out to Pat Tuley or Terry Hoover at Wipfli for assistance.

Legal Disclaimer

The information included and discussed in this presentation is general in nature and should not be relied upon in providing tax or legal advice without independent research and analysis.

Tax  and legislative policies are ever evolving.  Current updates to information and analysis included and discussed in this presentation should be considered.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

 

Tim DennisHops and Ledgersbrewery,CARES Act,coronavirus,Covid-19,Economic injury Disaster Loan,Families First Coronavirus Response Act,Hops & Ledgers,Paycheck Protection PlanSubscribe to Beer Guys Radio on Apple Podcasts, Google Podcasts, Spotify, or your favorite podcasting app.  Welcome to the Hops & Ledgers Podcast! Hops & Ledgers is a series of quarterly podcast episodes that will focus on the business aspects of the craft beverage industry.  Presented in partnership with Wipfli CPAs and Consultants, each episode will...Cold beer, hot conversations, stupid jokes.