Craft Beverage Modernization Act (CBMA) paperwork assistance and consulting

ASG, LLC can provide assistance and consulting with the Craft Beverage Modernization Act (CBMA). 

The Craft Beverage Modernization Act (CBMA) provisions of the Tax Cuts and Jobs Act of 2017 helped in reducing excise taxes to all beverage alcohol producers no matter how small or large, foreign or domestic entities they are. In 2020, Congress made CBMA’s tax cuts permanent and transferred responsibility for administering certain Craft Beverage Modernization Act (CBMA) provisions for imported alcohol from U.S. Customs and Border Protection (CBP) to the Treasury Department. As you can imagine the properly filled CBMA claim can save U.S. producers or importers of alcoholic beverages a significant amount of money which would otherwise be spent on paying the alcohol tax.

Unfortunately the Craft Beverage Modernization Act (CBMA) procedures and paperwork has several tiers including and involving the foreign “alcoholic beverage operation” as the new provision authorizing Treasury to require that foreign producers must provide to the Treasury information related to foreign producers’ assignment of CBMA tax benefits to U.S. importers (including information about a foreign producer’s controlled group structure. Such a requirement is becoming quite a challenging process for inexperienced producers or importers and incorrect filing results in claim rejection and payment of full tax and penalties.

ASG, LLC has incorporated the Craft Beverage Modernization Act (CBMA) tax reduction procedure since the beginning of its establishment and together with our custom brokerage team we are able to provide expert assistance and consulting.

Our experience, uniqueness and flexibility give us the ability to assist you to seamlessly process your alcoholic beverage product through the Craft Beverage Modernization Act (CBMA) process and regulations.

At ASG, LLC we focus on helping YOU to GROW your business. We pride ourselves on providing superior services tailored to meet any of your specific needs.

We consider ourselves an integral part of your business and strive to create a lifetime long partnership with our customers. At ASG, LLC we accommodate our customers’ individual requirements by performing our services to fit their business needs. We strive to respond to our customers personally and quickly!

ASG, LLC offers you maximum flexibility in selecting the level and kind of alcoholic beverage service that meets your present needs and future growth goals.

Contact us to learn more about our Craft Beverage Modernization Act (CBMA) alcoholic assistance and consulting service for your specific needs.