Join TaxOps’ Judy Vorndran and Stacey Roberts as they share why state and local tax is confoundingly difficult to navigate at the virtual Bottles, Brews & Buds Conference, hosted by the Colorado Society of CPAs.
Why is state and local tax so tough for spirits and brew?
There’s big revenue to be had in brew and booze and the federal government, states, and some local jurisdictions are collecting. In all, about 40 percent of the retail price of beer goes toward covering applicable taxes, costs that are passed along to consumers in the form of higher prices. The tax cost tied up in spirits is typically higher. Join Judy Vorndran, Esq., CPA, and Stacey Roberts, CPA, of TaxOps as they dig into the morass on taxing spirits, brew and wine to help you make sense of it all.
Learning objectives
- Understand the various tax types
- Explore who collects all along the supply chain, including producers, importers, wholesalers and retailers
- Distinguish various rates and differences in how they are calculated
- Account for the difference between grocery taxes and liquor store taxes, including sugar taxes
- Recognize the impact of delivery options and locations on taxes
Upcoming Speaking Engagements
- “Corporate Income Tax Updates: Federal Policies and Tax Reform in the Biden Administration,” with Davinia Lyon for the Rocky Mountain Area Conference for Finance, Auditing and Accounting Professionals, Thursday, Sept. 23 at 11:00 am MT
- “Digital Taxes, Colorado SUTS and Nexus Updates,” with Judy Vorndran and Stacey Roberts for the Rocky Mountain Area Conference for Finance, Auditing and Accounting Professionals, Thursday, Sept. 23 at 9:00 am MT
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