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…

Many Borrowers who took out their first draw PPP loans in April 2020 and May 2020, but have not yet filed for forgiveness, have likely been contacted by their bank regarding the due date of the loan forgiveness application. A PPP borrower typically has until 10 months after the end of its Covered Period (which lasted up to 24 weeks after the date that the loan was funded) to file for forgiveness before the Borrower is required to begin making payments on the loan.

On criminal matters, the DOJ’s efforts to combat COVID-19 related fraud schemes have proceeded on several fronts. 

Recent updates by the Small Business Administration (“SBA”) are captured here, and we expect the SBA to issue additional formal guidance in the next few weeks. The newly released rules may be significant to you and include updates on grant eligibility; calculation, amount, timing and use of grant funds; as well as information on how to apply.

The Small Business Association (SBA) has issued various updates related to the amount of disaster loans available to address the ongoing strife faced by many businesses in the wake of the COVID-19 pandemic, including the potential to request an increase to an existing loan.

On March 11, 2021, President Biden signed into law the $1.9 trillion coronavirus relief bill entitled American Rescue Plan Act of 2021 (“ARP”), which includes a $28.6 billion grant program under Section 5003, Support for Restaurants. The focus of this Alert is on the key clauses of the Restaurant Revitalization Grant pursuant to the ARP. We expect the Small Business Administration (“SBA”) to issue additional formal guidance in the next few weeks.

Last week, we had the pleasure of hosting a virtual networking and panel event on “Post-COVID Reality: Changes Expected in the Food and Beverage Industry and What the Data is Forecasting.” We are delighted to share some key takeaways from the program with you.

Consumer packaged goods companies were realizing an “incredible bump to their business” in two ways, according to Greg Wank, practice leader in food and beverage for Anchin.

In The Food Institute's recent webinar "Achieving a self-sustaining business model: Top 3 trends companies need to think about post-COVID-19," Greg Wank, CPA, CGMA, partner and leader of Anchin's food and beverage group discussed how to have a more successful business while burning less capital and attaining self-sustainability.

We at Anchin hope that you-- our friends in the food and beverage industry-- are safe and healthy. We know that you are all having very different journeys on this COVID-19 rollercoaster. Some of you are having unprecedented success while others may be fighting to survive. We want to let you know that we are examining the government’s CARES Act package with you and your business in mind, and are committed to helping you to move forward in the best possible way.

At times like this, where the only thing certain today is more uncertainty tomorrow, your business must brace itself for the worst.  Even as many of our clients and friends in the CPG industry are telling us they are having their best week, month or quarter ever, they must take into consideration that this short-term burst will slow and possibly completely pause before growth starts again. 

Resources from our 11/12 session covering the five-step model and industry specific considerations for Consumer Products companies. 

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, explains why investors are paying attention to trends such as plant based and sustainability.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, comments about why organic food costs more and notes that increasing demand is leading to higher supply.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, says the time is right for plant-based companies to go mainstream.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, on the changing rules of food and beverage industry investment.

Emerging brands are constantly looking for ways to make their mark on the consumer product industry, but it can be challenging for these businesses to rely strictly on funding from founders, friends and family, and cash flow from operations to increase brand awareness. For the best opportunities for success, emerging brands have to make tough financing decisions to promote company growth. Both debt and equity financing are great options for consumer product brands to raise additional capital. Whether a brand just landed its first national account or is about to launch in major retailers, founders need to assess the pros and cons of each option to determine what is most suitable for their company. 

Greg Wank was named Practice Growth Leader of the Year for his work with Anchin's food practice.

Anchin's twelfth annual State of the Food and Beverage Industry Event, devoted to issues facing food and beverage manufacturers, distributors and retailers, was held on May 31, 2018 at Club 101 on Park Avenue. 

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, quoted on food industry CEOs.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, shared his insights during Whipstitch Capital’s financing panel at Natural Products Expo West.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, brings many changes to the tax landscape in which consumer product companies operate. Here are the most important changes in the new law that will impact your business.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, says Dr. Pepper needs to diversify its product offerings to keep up with consumer tastes.

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, brings many changes to the tax landscape that emerging brands operate in. Here are the most important changes in the new law that will impact your business.

Anchin is proud to expand its charitable initiatives through City Harvest's Skip Lunch Fight Hunger Campaign. 

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, highlights the growing trend toward organic and plant-based foods.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, discusses the impact of the $13.7 billion deal.

Greg Wank, Leader of Anchin's Food and Beverage Industry Practice, explains what the takeover means for other brick-and-mortar grocers.

Anchin's eleventh annual State of the Food and Beverage Industry Event, devoted to issues facing food and beverage manufacturers, distributors and retailers, was held on June…

Greg Wank's assessment of what could be another billion-dollar acquisition of an entrepreneurial beverage company by a strategic giant

Greg Wank, Leader of Anchin's Food and Beverage Practice, on the benefits of serving "Fast-Casual"

Last month, over 80,000 innovators attended Expo West, a gathering of industry minds focused on the development and production of natural, organic, and healthy products. Anchin joined a panel of experts from Whipstitch Capital, The Giannuzzi Group, Force Brands, REBBL, KeVita, and SPINS to discuss successful strategies for decision-making about Consumer Brands.

Food and Beverage Industry Practice Leader, Greg Wank, shares how catering to ethnic populations can help drive grocery profits.

Food and Beverage Industry Practice Leader, Greg Wank, remarks on Amazon's venture into checkout-free grocery shopping.

Greg Wank, Food and Beverage Industry Practice Leader, talks about large players in the space competing for regional and specialty acquisitions.

Food and Beverage Practice Leader, Greg Wank, recommends looking at a restaurant operator's track record.

Greg Wank, Food and Beverage Practice Leader, stresses the importance of deep business understanding across the board when choosing a successor.

Greg Wank, Practice Leader of Anchin's Food and Beverage Industry Group, shares his thoughts on crowdfunding for restaurants, the benefits of restaurant credits to investors and the tendency of entrepreneurs to underestimate startup costs.

Food and Beverage Practice Leader, Greg Wank, observes that consumers are driving a demand for more healthy food firms and cleaner labeling.

As part of the Protecting Americans from Tax Hikes (PATH) Act passed by The House and Senate at the end of 2015, the enhanced deduction for donations of food inventory was retroactively extended and made permanent so that qualifying donations made since January 1, 2015 are eligible.

Turns out that an Egg McMuffin for lunch hit the spot at McDonald’s.

As a partner at Anchin, Block & Anchin in New York City, Greg Wank often speaks with seasoned entrepreneurs who are ready to hand over the reins to firms they’ve spent years building, so they can retire.

Organic Avenue, a juice bar chain that floundered financially and shuttered all 10 of its stores yesterday, has filed for Chapter 7 bankruptcy, a move that will allow it to liquidate assets.

The demise Thursday of 15-year-old juice chain Organic Avenue was the end to months of financial struggles, layoffs and store closures.

When it comes to introducing new menu items, fast-food chains say it’s important to keep one basic truth in mind: For every Egg McMuffin, there are plenty of Pastrami Burgers.

When it comes to introducing new menu items, fast-food chains say it’s important to keep one basic truth in mind: For every Egg McMuffin, there are plenty of Pastrami Burgers.

Three years after the old Kraft Foods split in half with the backing of activist investors, one of the activists is suggesting those businesses ought to reunite.

The bankruptcy of A&P that was announced last month will create a retail ripple effect that will shake up neighborhood shopping centers throughout North Jersey.

Louis Barone, Senior Vice President and Division Head of IDB Bank and Greg Wank, Executive Partner at Anchin, Block, & Anchin LLP followed McCord with a look at inside lending in the industry.

Sugar In the Raw is getting drinkable. The brand, whose brown packets have become ubiquitous in coffee shops across the city, is launching a line of low-calorie beverages this month.

Almond milk now outsells any other non-dairy milk—including rice or soy milk.

Is the soft drink industry dead?

Greg Wank, practice leader of Anchin, Block & Anchin LLP's Food and Beverage Industry Group discusses Coca-Cola earnings and the changing "health conscious" landscape within the beverage industry with Bloomberg's Carol Massar and Michael McKee on "Taking Stock".

Taking aim soon at America’s growing love of fresh food: A billion-dollar mega-marriage of sugary ketchup and processed cheese.

Call it the next Chipotle. Custom, quick pizza is the hot new trend in fast casual dining, even in the New York Metro area, where we can be picky about our pies.

When you pull out your wallet to pay for a meal or a mani-pedi, you might assume the most expensive part of your bill was that steak or the trendy designs on your toenails. But insiders will tell you that the real money-makers are the wine you ordered with dinner or the extra products you bought at the salon after getting pampered.

As professional service firms steeped in the natural products space, we have the privilege of meeting the founders and executives from many branded food and beverage companies each year. Interestingly, we have learned that the way each company classifies certain costs in their financial statements can vary widely.

Greg Wank, practice leader of Anchin, Block & Anchin LLP's Food and Beverage Industry Group discusses Whole Foods and Food and Beverage Industry trends with Bloomberg's Pimm Fox and Carol Massar on "Taking Stock".

The statistics revealed at Anchin’s 8th Annual State of the Food and Beverage Industry Event, held in Manhattan on June 4th, showed the industry, a leader in the recovering economy in 2013, anticipates an even more profitable 2014.

Starting January 1, 2014 the IRS will enforce a rule related to mandatory fixed gratuities. Any mandatory fixed gratuity collected is considered a service charge and should be treated as wages.

The Anchin COVID-19 Update Center is available to simplify your access to critical financial information. It is updated regularly to supplement your communications with your…

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2016 held at Club 101

Photo Gallery from the State of the Food and Beverage Industry: Food for Thought 2018 held at Club 101. 

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2016 held at Club 101

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2015 held at Club 101

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2014 held at Club 101

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2013 held at Club 101

Photo Gallery for State of the Food and Beverage Industry: Food for Thought 2012 held at Club 101

Anchin Partner and Food & Beverage Practice Leader Greg Wank discusses trends and disruptors in the food and beverage industry as well as the impact on "big food."

At Anchin’s most recent Food For Thought event, we asked several food and beverage professionals "What industry innovations do you admire?"

Anchin Partner and Food & Beverage Practice Leader Greg Wank discusses the various stages of growth for food and beverage companies and what growing companies…

Anchin, Block & Anchin LLP Partner Greg Wank talks about growth through financing.…

Anchin, Block & Anchin LLP Partner Greg Wank talks about discusses Company Growth.…

Anchin, Block & Anchin LLP Partner Greg Wank talks about helping your business grow.…