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Key Findings from 2017 EKS&H Craft Brewery Financial Benchmarking Study

on Oct 4, 2018 Mary Brettmann

Whenever you sit down to review your financials a thought often comes to mind…how are we doing compared to other breweries? Are we as efficient as everyone else? Is anyone else making any money? Those answers are tough to come by….most craft breweries are privately owned, so we can not go to the stock market to see how our industry is doing. There is the BA benchmark study (more on that in a later post). So we need to rely on any benchmarking data that we can get our hands on.

The Brewery CFO Pre-workshop Q&A - Part 2

on Sep 26, 2018 Mary Brettmann

Continuing from Part 1, this post contains questions asked of me during the 2018 Brewery Accelerator Workshop in San Diego, California, followed by my answers.

The Brewery CFO Pre-workshop Q&A - Part 1

on Sep 17, 2018 Mary Brettmann

This post contains questions asked of me during the 2018 Brewery Accelerator Workshop in San Diego, California, followed by my answers.

Excise Tax and You - Part 3

on Sep 10, 2018 Mary Brettmann

Continuing my in-depth analysis of the excise tax from Part 2

Excise Tax and You – Part 2

on Sep 4, 2018 Mary Brettmann

Continuing my in-depth analysis of the excise tax from Part 1

Excise Tax and You – Part 1

on Aug 27, 2018 Mary Brettmann

Everyone involved in a brewery is aware of the excise tax, but few really understand what it is, how it functions, and where it came from. I decided to do an in-depth study of the excise tax to provide a better understanding of this tax overall.

New Postcard Income Tax Filing for 2018

on Aug 20, 2018 Mary Brettmann

As part of the new tax law signed in late 2017, taxes were supposed to be so simple that “you could fill them out on a postcard”.  Well, the IRS has unveiled a draft of the new postcard. It has half the number of lines as the old 1040, but adds six different schedules to make up for the loss of lines.

How to Read Your Brewery's Balance Sheet

on Aug 13, 2018 Mary Brettmann
Your brewery’s balance sheet is a snapshot of who your business is at a certain point in time. Understanding how it's connected to your income statement and other financials can provide you with incredible insights into how your brewery is performing and how it can improve its overall efficiency. Knowing what your brewery has and what you owe is essential to maintaining a balanced and healthy business. 

Hidden Gems in the July/August 2018 Edition of The New Brewer Magazine

on Aug 8, 2018 Mary Brettmann

I received the July/August edition of The New Brewer magazine in my mailbox last week. I know that it’s the “technical brewing issue”, so why should business types be interested in the contents of this edition? I found two articles hidden inside all of the technical speak that are worth taking a look at:

More Women Are Drinking Craft Beer–Are You Considering This in Your Brewery Operations?

on Aug 3, 2018 Mary Brettmann

In June 2018, Dr. Bart Watson, Chief Economist for the Brewer’s Association, shared an article about the changing demographics around craft drinkers. The percentage of craft beer drinkers has historically been weighted on the side of males, however stats from Nielsen are revealing a small but significant shift. In 2018, when looking at craft drinkers who enjoyed brews ‘at least several times a year’, 31.5% are female while 68.5% are male (source: Nielsen Harris on Demand).That’s an increase in females by 2% from 2015.