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Food and Beverage

Finding the Right Ingredients

The food and beverage industry is constantly evolving. High growth emerging brands, convenient quick serve and healthy restaurants, and organic supermarkets are trending. Functional food and beverages are in demand and consumers are paying a premium for nutritious meals.

Food and beverage companies are directly impacted by consumer trends, global competition and a very competitive marketplace. This is equally true for all food and beverage industry segments, from emerging brands to restaurants, manufacturers and distributors to supermarkets. Choosing the right accounting, tax and business advisor to help you navigate these challenging issues is vital to your company’s success.

For over 90 years, Anchin has helped privately held food and beverage clients develop successful strategies that directly impact their growth and profitability. From assisting them with cash flow analysis to helping them strategize how to win more supermarket shelf space, we collaborate with our clients to give them the support they need to make smart business decisions. We work with management to analyze key performance indicators, review industry benchmarks, develop key employee retention and incentive plans, and help them drive business growth.

Our annual Food and Beverage Survey is one of the ways we keep track of industry benchmarks. We work closely with our clients to utilize this information, developing new approaches, strategies and best practices to help them achieve their goals.

To sign up for our Food and Beverage email list, click here.

Services include:

  • Mergers and acquisitions
  • Pre-IPO
  • Tax credits and incentives
  • Succession planning
  • Estate planning
  • Compensation and benefits
  • Research and development

The Emerging Brands Group has worked together with fast growing consumer product brands for decades. We currently handle over 50 brands, many of whom started working with us within their first years in business. We understand that emerging brands operate in a fast-paced, demanding environment where time and money are precious. Anchin understands the complicated inner workings of your business, from daily operations to the larger financial challenges you face and we have developed our practice to meet your varying needs throughout the life cycle of your business.

We help develop a proper financial and tax foundation that can support the rapid growth of your brand. Our dedicated staff will take many of the accounting issues off of your plate so you can concentrate on your core business, while providing the tools and real time information you need to better make decisions and manage your operations. We are well positioned to grow with you through each stage from venture capital to private equity to ultimate exit.

Services include:

  • Advise on:
    • Entity structure and agreements
    • Equity/Debt raises
    • Financial projections
    • Employee contracts
    • Managing production
  • Assist with:
    • Financial reporting structure
    • Tax planning and advice
    • Develop key performance indicators
    • Exploring bank financing
    • Tax credits and incentives
  • Prepare/Provide:
    • GAAP financial statements
    • Tax returns allocations
    • Due diligence services
    • Audits/Reviews/Compilations
    • Ongoing advice to founders

For over 90 years, Anchin has provided accounting, tax, financial and operational advice to private companies. As specialists in the Food and Beverage industry, the Emerging Brands Group at Anchin has the unique combination of professional accounting experience and industry knowledge to help you accomplish your business goals.

The Restaurant Industry Group members have worked together with owners, operators, and franchisees for decades. We know that restaurateurs operate in a fast-paced, demanding environment where time and money are precious. Anchin understands the complicated inner workings of your business, from daily operations to the larger financial challenges you face and we have developed our practice to meet your needs. We pride ourselves on providing proactive advice.

Through the years, we have assisted a variety of companies ranging from small owner-operated establishments to large national chains and fine dining restaurants. Our staff will take many of the accounting issues off of your plate so you can concentrate on your core business, while providing the tools and real time information you need to make decisions and better manage your operations. We also maximize tax savings with innovative solutions that will ultimately increase your bottom line.

Services include:

  • Business process improvement
  • Benchmark performance analysis
  • Cash flow management
  • Financial statement preparation
  • Income tax planning and compliance
  • Tip reporting (Form 8027)
  • Sales tax compliance
  • Payroll and payroll tax compliance
  • Cost segregation studies
  • Succession planning

At Anchin, we realize that operating a successful restaurant requires more than just bookkeeping and financial reporting. For over 90 years, Anchin has served up accounting, financial and operational advice to private companies.

As specialists in the Food and Beverage industry for decades, the Restaurant Industry Group at Anchin has the unique combination of professional accounting experience and food and beverage industry knowledge that can help you develop advanced financial reporting systems and accomplish your business goals.

The members of the Supermarket Industry Group have worked with owners, operators and co-operatives for decades. Anchin understands the challenges you and your business face and we have developed our practice to service these needs as your expert partner. We pride ourselves on our responsive approach which enables Anchin to be a resource in your decision making.

Through the years, we have worked with owners of small supermarkets to large co-operatives. Our experience with both ends of the spectrum has enabled us to find ways to resolve issues that are advantageous to your business. We provide the tools and real time information that you need to make decisions while managing the accounting and tax issues so you can concentrate on your business.

We will help manage your operations and maximize tax savings with innovative solutions that will ultimately increase your bottom line.

Services include:

  • Business process improvement
  • Benchmark performance analysis
  • Cash flow management
  • Financial statement preparation/attestation
  • Income tax planning and compliance
  • Sales tax compliance
  • Payroll and payroll tax compliance
  • Cost segregation studies
  • Internal control review
  • Tax incentives
  • Succession planning
  • CFO/Controller recruiting

At Anchin, we realize that operating a successful supermarket requires more than just bookkeeping and financial reporting. For over 90 years, Anchin has provided accounting, financial and operational advice to private companies.

“We partnered with Greg Wank and Anchin as we experienced growth in our emerging food business in 2009. Anchin worked with us to better understand and manage our business, analyzing KPIs as well as industry benchmarks. Their team helped us with key employee retention plans, capital planning, mitigating certain business risks, and has remained a true business advisor to our management group. As we continue our explosive growth, we look forward to a bright future with Greg and the Anchin Food & Beverage Group."

-Siggi Hilmarsson, Founder, Siggi’s Dairy

Anchin's 11th Annual State of the Food and Beverage Industry Event

Food for Thought State of the Food and Beverage Industry 2017

Does your company qualify for Research and Development (R&D) tax credits? Currently, the food and beverage industry is undergoing a major transformation with major emphases on health, sustainability and reduction of carbon footprint. In order to succeed in this competitive space, development of new products that capitalize on market trends while minimizing costs is essential to achieving sustainable margins and profitability for the long run. Since the industry is fueled by innovation and the ongoing quest for better products and ways of making them, many of the development activities performed by employees of companies in the industry may qualify for R&D tax credits.

Anchin’s professionals understand the important role the food and beverage industry plays in keeping the US competitive in an increasingly global economy. Our industry experience, attention to detail and expert judgment result in accurate, highly defendable tax credit calculations. Our dedicated team includes audit, tax and advisory professionals with years of experience identifying issues and solving problems for every type of business within the food and beverage industry subsectors, including:

  • Health foods
  • Food processing
  • Beverage
  • Bakeries
  • Confectionery

Our food and beverage industry R&D team ensures that our clients benefit from all of the incentives available to them. Anchin helps clients assess their R&D tax credits at all phases of their business, from the time they first consider entering a new market (white space evaluation) and throughout the product lifecycle. We are particularly skilled and experienced at identifying qualifying projects and initiatives in each area of your business and are experts at examining and capturing all allowable expenses towards your company’s research credit.

Anchin works with clients interested in claiming the R&D tax credit for the first time and those who have difficulty meeting the contemporaneous documentation requirements needed to support their R&D claim. We also assist clients who have had a significant portion of their R&D claim disallowed and with those who need to reassess their R&D tax credit calculation because the nature of their business has changed.

To learn more about Federal and State Research and Development tax credits.

Success Stories

  • Testimonial: Siggi’s Dairy

    “We partnered with Greg Wank and Anchin as we experienced growth in our emerging food business in 2009. Anchin worked with us to better understand and manage our business, analyzing KPIs as well as industry benchmarks."

  • Food and Beverage Case Studies

    Beverage Company (New York, NY) Retained to prepare tax returns and provide consulting Advised on opening of production facility and assisted in obtaining tax credits from NYC Advised…

  • R&D Tax Credits Case Studies: Food and Beverage

    The following are two examples of client development efforts in the food and beverage industry which further illustrate the types of projects and activities that…

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