How Your Distillery Can Simplify Year End Paperwork

How Your Distillery Can Simplify Year End Paperwork

Wouldn't it be nice if all we had to do to complete our year-end reports was to press one single button, and POOF…it would all be magically done? Yes, it would. And maybe when some genius finally creates an accounting-bot (a Hooch-Bot) like something from Star Wars that will do everything for you. Until we figure out a way to make a real-life Hooch-Bot, you have Hoochware. It's close to a Hooch-bot already. It just lives in your browser instead of beeping around the office.

More than Proof Gallons

More than Proof Gallons

It’s only been a short while since President Trump signed the Tax Cuts and Jobs Act into law, and if you are like me, the reality of these much needed and wanted changes is still sinking in. For distillery owners, this is as close as it gets to winning the Publisher’s Clearing House Sweepstakes without Ed McMahon rising from the grave and knocking on the front door.

New Years Resolutions for Distilleries

New Years Resolutions for Distilleries

As we languish in the midst of the Christmas hangover (not a literal hangover, but the quiet after the storm of family, road trips to see them, and all the wrapping paper and toys scattered on the floor), we look into the future. Or at least a week away into New Year’s Day. That magical day, for some reason, where we reevaluate our life decisions and get inspired to make permanent and drastic changes that last almost until the end of January. That’s when gym memberships spike. It’s the typical “New year. New me.” B.S. we roll our eyes at when that one friend we have says they are going to change.

The Tax Cuts and Jobs Act--Keep Fighting

The Tax Cuts and Jobs Act--Keep Fighting

On December 2nd, 2017, the US Senate passed The Tax Cuts and Jobs Act. Part of this bill included the provisions that would reform the way distilleries, breweries, and wineries are taxed. This puts us another step closer to the needed tax reform that can help smaller distilleries become competitive. All it needs to do now is pass the house review, and it lands on the President's desk where it will be signed into law. That doesn't mean we are done though.

Accounting for Alternating Proprietorships & Contract Distilling

Accounting for Alternating Proprietorships & Contract Distilling

One increasingly common practice in the liquor industry is contract distilling or having alternating proprietorships. With the maze of laws and regulations that the states and federal bodies force distilleries to go through, it should come as no surprise that bringing in someone else adds to the complication. The TTB red tape is enough of a headache as it is. And if generic accounting software like QuickBooks doesn't handle the standard side of a distillery's books all that well, it will turn contract distilling and alternating proprietorships into an absolute horror show.

Tax Tips for Distilleries

Tax Tips for Distilleries

With April 15th fast approaching, let’s all hope that everyone has already gotten started or already filed their taxes. Now, let’s swallow a dose of reality and remember that there are more than a few looking at a pile of paperwork with tears streaming down their cheeks screaming, “Oh God! What do I do now?” It’s a stressful time, even if you don’t owe anything.

What You Need to Know When the TTB Calls

What You Need to Know When the TTB Calls

We all know what the TTB is, and we also know that we will all get a visit from them one day. It’s an unavoidable part of running a distillery. A lot of owners like to put on a brave face, and act like getting audited is no big deal. All their books are in order, and they got nothing to hide. The same can be said of most distilleries, but dealing with an agency that has that much power over your livelihood is nerve-racking on principle.

6 Common TTB Compliance Issues (And How to Avoid Them)

6 Common TTB Compliance Issues (And How to Avoid Them)

Running a successful craft distillery requires the mastery of two things: recipes and record keeping. Not only are distillers concerned with creating mouth-watering products that consumers will love, but they also need to essentially track the lifespan of every bottle produced — from its time in the still to the moment it’s placed in a buyer’s hands.

Combat the Two Most Common Headaches for Distillers:  TTB Reports and Inventory Control

Combat the Two Most Common Headaches for Distillers: TTB Reports and Inventory Control

For most distillers, TTB audits make them wish that prohibition still existed and that bathtub hooch sold in speak easies was a modern day reality. After all, secretly distilling whiskey and competing with Al Capone himself to sell your brand on the black market is comparably easier than complying with the government regulations in contemporary craft distilling.