You still have time to take advantage of 2021 and 2022 tax incentives offered by the US government. Invest in your business operations and packaging equipment to support your growth and future-proof your revenue streams.
Available to all US breweries and beverage producers.
SECTION 179
Canning Line Savings
If you purchase and receive your 2022 Wild Goose system by December 31, 2022, the cost of your machine is 100% tax-deductible. This deduction equates to about 25% cash savings that you can reinvest in your business, plus a future revenue stream in cans.
ERTC
COVID-19 Payroll Credits
You may have taken advantage of the Paycheck Protection Program (PPP), but did you also apply for your Employee Retention Tax Credit (ERTC)? It’s not too late to amend your return (by September 30, 2022) and receive this credit for your 2020 or 2021 staffing expenditures. Use this free, once-in-a-lifetime cash infusion to bolster your business and diversify your packaging capabilities. Talk to your local tax accountant for more details.
You qualify if your business:
- Employed Staff between March 2020 and May 2021
- Experienced partial or full state-mandated COVID restrictions, or a significant decline in your business
For example:
- Operating at a reduced capacity, like 25% seating
- Outdoor seating only
- Sales restricted to curbside pickup or delivery
How much will you receive under ERTC?
2020 — $5,000 per employee per quarter
2021 — $7,000 per employee per quarter
Cannot overlap but can be used in conjunction with PPP funds.
Need more tax Info?
Contact your Wild Goose sales representative to learn more about the tax relief options available to you.
720.406.7442
