Beer CPA, A Craft Brewery CPA Firm

In several recent articles, in the aftermath of the recent United States election unfolds, industries both domestically and globally are striving to understand the impact of Donald Trump’s second-term victory on their interests. The U.S. beer industry, particularly the craft brewing sector, is closely monitoring these developments. Both have faced a range of challenges—including competition from imported beers, tariffs, and a decline in consumer consumption—that have contributed to falling sales. While the potential for high tariffs on the booming Mexican beer market and the broader import market could encourage consumers to switch to domestic brews and help reverse the sales downturn, other factors may counteract these gains. Here are some forward-looking insights from the Brewers Association which is part of a comprehensive post-election roundup which also examines the status of regional races and their potential impact on the Small Brewers Caucus in the Senate.

One of the sadly neglected problems in modern science is the question of how best to keep beer cool once it has been poured into a glass. Now one scientist has come up with a novel solution by developing a mathematical model that determines the optimal shape of a beer glass that keeps beer cool. The problem is well known to generations of beer drinkers the world over. As soon as beer is poured into a glass, it starts to warm up. So an important goal is to minimize the heat entering the beer so that it stays colder for longer. Typically, beer drinkers have solved this problem with foam sleeves, insulating mugs and by adding handles to reduce contact with the drinker’s hand. In an article from phys.org, Claudio Pellegrini, a professor of thermal and fluid sciences at the Federal University of São João del-Rei in Brazil, has calculated the optimal shape for a beer glass to keep the beer cold for as long as possible. He has written a paper describing his analysis of beer glass shapes.

A baby born in the parking lot of his parents’ favorite microbrewery in Michigan was named after the business, which in turn created a special brew to honor the newborn. Aaron and Kyle Baker were on their way from Vicksburg to Bronson Methodist Hospital in Kalamazoo on the baby’s due date when they realized they would not make it in time. They called for an ambulance and pulled over into the parking lot at One Well Brewing, which happens to be their favorite microbrewery, and baby Forrest Wells Baker was born mere moments later. “We’ve been joking that Forrest just wanted to swing by for a quick beer on the way to the hospital, just like his dad would,” Kyle Baker said. “When people first heard, everybody thought we were just sitting in here having a beer when I went into labor.” One Well Brewing celebrated baby Forrest Wells’ arrival by coming up with a blood orange blonde ale, which his parents were invited to come help mix at the brewery. The beer, aptly named Special Delivery, is due to be tapped later this month.

The Beer Purchasers’ Index (BPI) is a monthly survey conducted by the National Beer Wholesalers Association (NBWA) that measures distributor purchasing sentiment. A reading above 50 indicates expansion or growth in purchasing activity, while a reading below 50 signals contraction, meaning distributors are reducing their orders. For September 2024, the BPI recorded a reading of 31, indicating a significant contraction in beer purchasing activity by distributors. This continued downshift suggests that the market conditions for beer sales are challenging, particularly for craft brewers. According to Craft Brewing Business, after a summer of heightened ordering levels, the combination of index readings for at-risk inventory (47) and BPI (31) reflects a more cautious outlook among distributors as they head into the fall months. The brutal call of the craft index also continues.

The Brewers Association has acknowledged that the Federal Reserve’s recent rate cut could have mixed impacts on craft brewers. On the positive side, lower borrowing costs may help craft breweries manage existing debts or finance new projects, including expansions and equipment purchases. However, the broader economic environment, including inflation, remains a challenge for many small brewers. Input costs, such as raw materials and labor, are still high, which limits the benefit of lower interest rates. But trying to make specific predictions for what this rate cut will mean for the craft beer industry in the short term is difficult since the Federal Reserve tends to be forward looking. What really remains to be seen, is the impact on disposable income and whether inflation remains controlled. https://buff.ly/3XQqk3K

In recent years, the craft brewing industry has undergone a significant transformation. While traditional brewing methods still hold a revered place in the hearts of many brewers, the integration of artificial intelligence (AI) has begun to revolutionize the way craft beers are developed, produced, and refined. AI tools can offer craft brewers unprecedented opportunities to craft award-winning beers that not only stand out in competitions but also meet the evolving preferences of consumers.

A 2024 Harris Poll, conducted in partnership with the Brewers Association (BA), has provided a comprehensive overview of the evolving dynamics within the craft beer industry. This survey, an annual fixture, is a key resource for understanding the preferences, behaviors, and trends among craft beer consumers. The 2024 findings offer crucial insights into the state of the industry, revealing significant shifts that could shape the future of craft beer. As consumer preferences continue to evolve, brewers must be agile and responsive to these changes.

The Brewers Association (BA), released insights from its midyear survey, shedding light on the state of the craft beer industry and providing members with the most up-to-date data and we wanted to share the latest data. In addition to this, the Beer Institute released the results of a recent poll in a press release, that Beer is the alcohol beverage of choice among adults of legal drinking age, according to new Morning Consult research conducted on behalf of the Beer Institute. Two-thirds of Americans (66%) opted for beer in the past three months, exceeding wine (54%), liquor (50%) and cocktails (43%).

For small business owners, access to adequate capital can make or break you. In fact, 38% of small businesses fail due to lack of capital. But not all capital is created equal — finding the right source of funding should be a top priority. There are various solutions for small business loans and we’re highlighting two common sources: business loans vs. business credit cards.

Unless you live on the West Coast, you may be wondering what happened to the top beer style. So we found an article on Gear Patrol, written by J. Travis Smith, that provides some interesting insight. Craft beer drinkers have a short memory, so perhaps only a handful would remember when the West Coast-style IPA ruled America. The style — known for its pale, bright appearance, high bitterness and strong hop aroma — had a modest upbringing, born from the increasingly hoppy pale ales of the late ‘70s and early ‘80s. Then, spurred by friendly rivalries among San Diego breweries during the mid-2000s (Green Flash Brewing Co., Stone Brewing Co., Ballast Point Brewing Company), it grew into a brewing tradition that ushered American beer onto the world’s stage.