Thanks to IRS Section 179 and bonus depreciation guidelines of the Federal Tax code, businesses (large or small) investing in new equipment may be eligible to deduct 100% of the purchase price of the equipment in 2021. IRS Section 179 allows qualifying equipment of up to $1,050,000 annually to be fully deducted in the current […]
Across the country, beer drinkers are turning to healthier alternatives to their favorite drinks. Rather than reaching for high-alcohol content beverages, many are now choosing low and non-alcoholic beers. These beers come in a range of tasty flavors and come without the additional dangers of alcohol. In this latest post, we’ll explore the trend in […]
Across the U.S., beer drinkers are now developing a taste for unique beverages distinct from the classic beers of the past. New craft beers are entering the industry at a rapid pace and are taking a significant percentage of the market share from the leading brands. In no other state in the U.S. is this […]
Under the Craft Beverage Modernization and Tax Reform Act (CBMTRA) the Federal Excise Tax (FET) has been temporarily lowered for breweries, wineries and distilled spirit producers until December 31, 2019. Under the current provision, a brewery that produces less than 2 million barrels of beer per year is eligible to pay $3.50 per barrel […]
Not all production and manufacturing operations purchase new packaging equipment. In fact, a large percentage of businesses prefer to invest in previously owned machinery. Provided it is properly overhauled and upgraded, this option can cut costs dramatically and impact positively on the bottom line of your business. The challenge is to find reliable used machinery […]
SMB Machinery has been rebuilding process and packaging equipment for more than two decades. Now the company’s web site has been given a total makeover that makes it more accessible and user-friendly, just like the machinery the company sells. A leading one-stop source for pre-owned and new process equipment and packaging machinery, SMB also offers […]