Mass Brewers Guild

CraftRoots Brewing Named Among Fastest Growing Craft Breweries of 2017 by the Brewers Association

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CraftRoots Brewing was named one of the fastest growing small and independent craft breweries by the Brewers Association (BA)—the not-for-profit trade group representing small and independent craft brewers. The inaugural list offered insight into the diversity of growth within the craft brewing industry.

“This is really exciting for us and such a cool illustration of the vibrant creativity that is originating and taking off in craft breweries nationwide. Our grassroots approach to brewing genuinely local beer from New England agriculture meant we had humble beginnings, but our community loves what we’re about and the beer we brew. For us, this isn’t about chasing big growth and the big guys. It’s about being genuine, local and fresh. Thanks to everyone who supports our brewery and taproom, Milford and the Commonwealth of Massachusetts are #1 on this list.” said Maureen Fabry, brewer + co-founder, CraftRoots Brewing and Mass Brewers Guild board member. 

CraftRoots Brewing was ranked #1 among 50 small and independent breweries from across 25 states. Median growth from 2016 to 2017 for these breweries was 216 percent; the median size of breweries on the list went from 284 barrels in 2016 to 963 barrels in 2017. These brewing companies represent 5.5 percent of craft’s growth by volume for 2017 and include eight brewpubs, 40 microbreweries and two regional craft breweries.

“With 5 percent growth overall for small and independent brewers in 2017—and microbreweries and brewpubs delivering the majority of that—we wanted to spotlight some of the breweries driving that growth,” said Bart Watson, chief economist, Brewers Association. “As the growth base for craft becomes more diffuse, these fast growing brewing companies illustrate that a diverse set of success stories still exist.”

Methodology: The list presented includes only small and independent breweries with all of their production at their own facilities. Breweries had to have opened 12/31/2015 or earlier to be considered. It only includes breweries that reported to the Brewers Association’s annual Beer Industry Production Survey; breweries with staff estimates or data from state excise tax reports were not considered. Finally, breweries must have had data from at least three years to be considered.

About CraftRoots Brewing
Founded in 2014, CraftRoots Brewing is grounded in a grassroots approach to beer. We brew fresh and flavorful beers that highlight New England-grown grain and hops, connecting you to local farmers and craft maltsters.

Learn more by checking us out at: www.craftrootsbrewing.com

Facebook: @CraftRootsBrewing

Instagram: craftroots_brewing

Twitter: @CraftRootsBrew

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Unique Tax Breaks for Breweries

Is your business familiar with the unique tax breaks available in the brewery industry?  AAFCPAs has provided for your convenience the top five tax insights that could have a major impact on reducing your tax burden:

Section 179 Depreciation

Breweries are capital intensive businesses, and equipment investments can be significant. Section 179 allows breweries to deduct the property placed in service in the year of acquisition as opposed to depreciating it over its useful life. There are dollar limitations on how much you may deduct in a single year, as well as business income limits, so we encourage you to consult your AAFCPAs tax partner.

Bonus Depreciation

Breweries may also take an additional 50% bonus depreciation deduction for qualifying property in the year the property is placed in service. There is no business income limitation for bonus depreciation, so in the early stages of business that often result in net operating losses, these can be carried forward to offset future taxable income.

Cost Segregation Studies

The shorter life span attributable to capital purchases, the quicker your company may realize the tax benefit. For build outs of your brewery, AAFCPAs recommends that you evaluate the benefits of a cost segregation study. In a cost segregation study, certain commercial building costs may be reclassified to shorten the depreciation time for taxation purposes, which reduces current income tax obligations.  This may add up to substantial savings


Domestic Production Activities Deduction (DPAD)

The DPAD is a 9% deduction on qualified production activities, which could equate to a 3% reduction in your tax rate depending on the tax bracket the company falls in.

Research & Development Tax Credit

A credit is always better than a deduction, but AAFCPAs recommends a cost benefit analysis be performed to ensure it makes sense to take the credit. Breweries can qualify for R&D tax credits for certain activities such as improving brewing processes or creating a new beer.

When applying the above tax benefits, note that they are specific to brewing operations.  The existence of ancillary businesses, such as restaurants, retail, etc. may impact your ability to utilize them. In addition, certain states make tax benefits available to brewers who locate within their borders.

If you have any questions or need additional information, please contact Dan Stanhope, CPA, MSA at (774) 512-4134, dstanhope@aafcpa.com.

 

Dan Stanhope, CPA, is a partner at AAFCPAs based in Westboro, Boston and Wellesley. He has over 12 years of experience providing tax, assurance and business advisory solutions to closely owned, privately-held businesses. Dan can be reached at  774-512-4134  and at  dstanhope@aafcpa.com    

Dan Stanhope, CPA, is a partner at AAFCPAs based in Westboro, Boston and Wellesley. He has over 12 years of experience providing tax, assurance and business advisory solutions to closely owned, privately-held businesses. Dan can be reached at 774-512-4134 and at dstanhope@aafcpa.com

 

What's on Tap for St. Paddy's Day?

Here are six ways to get your shamrock on this weekend that do not involve green beer:


ONE:
Poured on nitro and released for a special St. Patrick's Day event, "For The Love of Ireland", is a partnership between Aeronaut Brewing and the Irish International Immigrant center. These incredible friends are playing a tremendous role in assisting families from all over the world, fighting hard for Muslim immigrants affected by US policy changes. Available on Friday, March 17 at Aeronaut Brewing.

TWO:
Join Dorchester Brewing Company for a full day of St. Patrick's Day fun on Saturday, March 18 from 11:30 a.m. to 11 p.m. The day kicks-off with a “Savin Stout” beer release -- an Irish dry stout served on Nitro, bittered with Chinook hops, and fermented in a British yeast strain. This stout contains roasted barley, creating its deep brown color, and smoky, cocoa notes. Live Irish music will play from 2 to 5 p.m. alongside a food truck serving up bites from 4 to 9 p.m. For more details, click here.

THREE: 
Wormtown is celebrating its 7th anniversary on Friday, March 17 from noon to 10 p.m. The full day celebration will open up “Fermentation Alley,” and include live music, sweet treats, giveaways and a special birthday release, "Brew #7." Cellared beers including Tennessee Tats, an Imperial Oatmeal Stout aged in Jack Daniel barrels, will be in the line-up along with many others. For more information, click here.

FOUR:
Navigation Brewing Co’s St. Paddy’s Day celebration will kick-off Friday, March 17 from 5 to 9 p.m., with Phoenix Rising Pizza paired with three Irish offerings – an Irish Stout, Irish Porter, and an Old Irish Ale. Other suds on tap include a Milk Stout, Double Porter, Chocolate Oatmeal Stout, Lowell Common and Citra dry hopped Pale Ale. The party keeps ShamRocking on Saturday, March 18 from 2 to 8 p.m. with HomeKitchen serving up bites.

FIVE:
On Friday, March 17, Element Brewing Co. will host Dan and the Dirty Catechism from 6:30 to 9:30 p.m. The Western Mass group sings and shouts songs about life, love, and sin. They weave their way through a variety of musical styles while performing the musical sermon about the virtues of sin and dirty living. Step right up and be saved...but it’s more fun if you get involved. For more information, For more details, click here.

SIX: 
Cape Cod Beer will launch their "Top Notch Stout" and raise a pint or two in honor of Saint Patrick’s Day. They've taken their velvety smooth Oatmeal Stout to the next level and aged it in Notch whiskey barrels (from Triple Eight Distillery). This dark brew with a hint of whiskey will be available only at the brewery in 750 ml. champagne bottles. 
OG: 16.7°P   ABV: 5.5%   IBUs: 42

 

 

Freshman Brewers Raised $2,500 for the Mass Brewers Guild

The Mass Brewers Guild packed Castle Island Brewing Co. in Norwood, Mass.,  on Saturday, March 4 during its sold out, “Meet the Brewers: Freshman Class” event, where seventy patrons participated in an afternoon of speed-dating for beer.

Groups of ten were given ten-minutes with each brewery to hear their story, taste their beer, and ask questions before rotating to the next brewer.

The roundtable style event was the first of its kind hosted by the Mass Brewers Guild, with the goal to foster learning and education of the brewing process, and inspire deeper connections between brewers and craft beer lovers.

The line-up of freshman brewers included; Barrel House Z, Bone Up Brewing Co., Castle Island Brewing Co., Craft Roots Brewing Co., Exhibit ‘A’ Brewing, Lamplighter Brewing and Start Line Brewing.

“The afternoon was a huge success, and just as much fun for the brewers as it was for the guests,” says Rob Burns, co-founder of Night Shift and President of the Mass Brewers Guild. “We hope to launch several "Meet the Brewer" style events in the future and turn it into a series that our friends and fans can follow and attend.”

Thanks to the generosity of the brewers donating their time and beer, and the craft beer loving community for purchasing tickets, the event raised $2,500 for the Mass Brewers Guild.

The Mass Brewers Guild is a nonprofit organization that works to protect and promote the interests of craft brewers across the Commonwealth. From lobbying on Beacon Hill to creating marketing and educational programs for brewers, the Mass Brewers Guild works to ensure that breweries across the state remain successful and independent businesses.

Power Beer Fest Is Coming! Tickets Are Now On Sale!

More than 50 Massachusetts brewers are coming together to launch the first ever, “Power Beer Fest,” on Saturday, April 29 at the SoWa Power Station. The two-session festival -- 1 to 4:30 p.m. and 6 to 9:30 p.m. -- will kick-off the season opening of the SoWa Open Market located at 540 Harrison Ave, Boston, MA 02118. 

Tickets are $55 and can be purchased at powerbeerfest.eventbrite.com

Proceeds of each sale will benefit the Massachusetts Brewers Guild, a nonprofit organization that protects and promotes the interests of craft brewers across the Commonwealth. Power Beer Fest is the only beer event in the state organized by Massachusetts Craft Brewers to raise funds to create educational and marketing programs for local breweries, as well as support its government affairs work at the legislative level.

Participating breweries include:
Three Beards Beer Company
Aeronaut Brewing Company
Amherst Brewing Co. 
Bad Martha
Battle Road Brewing Company
Bent Water Brewing Co.
Berkley Beer Company
Berkshire Brewing Company
Big Elm Brewing
Bog Iron Brewing
Bolton Beer Works
Boston Beer Works
Brazo Fuerte Artisanal Beer
Brew Practitioners LLC
Bright Ideas Brewing
Cambridge Brewing Company
Cape Ann Brewing Co.
Cape Cod Beer
Castle Island Brewing Co.
Cisco Brewers
Clown Shoes Beer
Cold Harbor Brewing Company
Devil’s Purse Brewing Co.
Exhibit ‘A’ Brewing Co.
Flying Dreams Brewing Co.
Hopsters
Idle Hands Craft Ale
Independent Fermentations (IndieFerm)
Ipswich Ale Brewery
Jack’s Abby Craft Lagers
Lamplighter Brewing Co.
Lefty’s Brewing Co.
Lord Hobo Brewing Co.
Mass Bay Brewing Co.
Mayflower Brewing Company
Medford Brewing Company
Medusa Brewing Company
Merrimack Ales
Mighty Squirrel
Moon Hill Brewing Co.
New City Brewery
Newburyport Brewing Co.
Night Shift Brewing
Old Planters
Outlook Farm Brewery
Portico Brewing
River Styx Brewing
Riverwalk Brewing Co.
Salt Box Kitchen
Samuel Adams Boston Brewery
Somerville Brewing Company
Spencer Brewery
Start Line Brewing Company
The Tap Brewing Company
True West Brewery
Wachusett
Westfield River Brewing
Winter Hill Brewing Co.
Wormtown

The Massachusetts Craft beer scene is a power house industry with more than 122 breweries across the state. Breweries employ locals, drive traffic and tourism to the Commonwealth and pour world-class craft beer to thirsty locals and travelers. Massachusetts’ breweries are ranked among the best in the world, country and region, with accolades and awards being announced weekly.

**THIS IS A 21+ EVENT. NO EXCEPTIONS. IDS REQUIRED AT THE DOOR. NO DOGS ALLOWED - WITH THE EXCEPTION OF CERTIFIED SERVICE ANIMALS **

Massachusetts Brewers Guild Celebrates 10th Anniversary

Massachusetts Brewers Guild Celebrates 10th Anniversary

Mass Brewers Guild Board of Directors post with State Treasurer Deb Goldberg who delivered the afternoon's keynote address .