Keep the Brews Flowing Without Affecting Cash Flow

By Wiss, Posted in Food & Beverage

Understanding the NJ Alcohol Tax By Paul Lembo You’ve perfected your batch. You’ve scouted your location. You’ve raised the capital. And now you are ready to venture into the wild, wonderful world of professional brewing. But before you make that first pour, make sure you understand the state tax laws that apply to your sales. In New Jersey, alcohol producers must pay not only state and federal taxes, but also an additional alcoholic beverage tax. These taxes can be significant, so it... read more.

Brewing Up Compliance: How Changes to NJ Laws affect Microbreweries & Brewpubs

By Wiss, Posted in Food & Beverage

By Paul Lembo In recent years, the American alcohol scene has been overtaken by the rise of microbreweries and brewpubs. Entrepreneurs across the country have been taking advantage of the evolving tastes of a beer-drinking population willing to pay a premium for flavorful ports, pilsners, IPAs and other brews. But because of the archaic, limiting laws that were in place until late 2012, the state of New Jersey is behind the craft brew times and is only beginning to catch up to the rest of the country. So... read more.

How Cloud-Based Accounting Systems Benefit Food and Beverage Retailers

By Wiss, Posted in Food & Beverage

By Paul Lembo Food and beverage retailers recognize the cloud as an important digital resource for IT, security and internal and external communications. But when it comes to critical accounting services, many clients in this industry don’t think of cloud computing as an applicable solution.  Cloud computing is any hosted network services provided through the Internet and not housed on your own servers or mainframes. Accounting software can be delivered in the same way to help businesses stream... read more.

How the Food Safety Modernization Act will Affect the Food and Beverage Industry

By Wiss, Posted in Food & Beverage

Each year, approximately 48 million Americans get sick, 128,000 are hospitalized and as many as 3,000 die as the result of foodborne diseases. To better protect consumers, the U.S. Food and Drug Administration (FDA) has brought sweeping reforms to the country’s food safety laws under the Food Safety Modernization Act (FSMA). Signed into law in 2011 and going into full effect in 2016, the FSMA requires American food and beverage producers to be more proactive in preventing foodborne illness and outbre... read more.

Stay Lean

By Wiss, Posted in Food & Beverage

How food and beverage entrepreneurs can ramp up production without going broke in the process By Jim Duffy  You’ve just sold your leading food or beverage product to a major supermarket chain and it wants to conduct a test run in 50 stores. Your hard work is finally paying off. Your company just got bigger in terms of sales and opportunity, and now you need the workforce to match. Right? Not so fast.  The power of outsourcing The true cost of an employee is much greater than a salary,... read more.

Maintaining Control

By Wiss, Posted in Food & Beverage

How to retain ownership and control while bringing on investors By Arnold Macalintal  Your food or beverage business is going well, but you’re thinking it may need a cash infusion. Taking on investors can ease your financial burden, but at what cost? You’re the one with the dream, the plan and the sweat equity invested in the business, so why should you cede control to outsiders?  Here are some tips for getting the cash you need without losing the ability to run your business your... read more.