August 2021 Covid Relief Updates

There’s been some changes in the SBA Covid Relief Programs recently. Read below to learn more about these changes and how they might impact your business. PPP Loan Forgiveness The Paycheck Protection Program (PPP) loan period ended May 31, 2021. Existing borrowers may be eligible for loan forgiveness for all of their PPP loan. Loan…

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Cider Tax News

UPDATE: On 12/27/20 President Trump signed the bill making the reform included in the CBMTRA permanent. On Monday night, Congress took the important step to pass permanent Federal excise tax credits for the nation’s cideries, meaderies, wineries, breweries, and distilleries. The tax reform measures for alcohol producers were originally introduced on a two-year basis in…

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📣 ACTION ALERT: Renew the Craft Beverage Modernization and Tax Reform Act

Cideries like yours are facing the harsh economic realities of a global pandemic. Congress needs to be proactive in supporting small businesses like yours right now, but they also need to protect you from further economic harm. In a normal year, raising Federal Excise Taxes could significantly damage our industry’s viability. In 2021, raising taxes could force…

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Stop Tax Increases

The Craft Beverage Modernization and Tax Reform Act EXPIRES at the end of 2019. The Craft Beverage Modernization and Tax Reform Act created critical but temporary excise tax credits for beer, wine, spirit and cider producers. This cross-sector cooperation was unprecedented, and the results have been clear—our industries create jobs, support farms, and bolster community…

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