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BAA Offers Third Web-inar

July 19, 2004 - Representatives of over two-dozen small breweries, as well as industry association executives and allied industry members, recently participated in the latest Brewers' Association of America Professional E-Conference Seminar

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(PECS) on Tax and Trade Bureau tax audits. Victoria McDowell, TTB's Assistant Administrator for Field Operations, led the presentation titled "TTB Tax Audits: What You Need To Know."

With oversight responsibility for audit and investigation field offices and the National Revenue Center, McDowell took participants through a comprehensive tour of the entire audit process. From initial contact letter to the on-site audit and the closing conference and final report, participants gained information that can be used to prepare for real world audits.

"We want to do everything in our power to ensure that small brewers are well prepared to meet the demands of a tax audit," said BAA President Daniel Bradford. "It's difficult to prepare for the unknown. Knowing what to expect and what you'll be asked to provide gets you ahead of the curve." The BAA will be working with the TTB to provide a more detailed explanation of items small brewers need to have ready before the audit team arrives, as well as providing a mechanism to continue a question and answer dialogue. Both will be accessible through the BAA web site.

Using virtual classroom capabilities, the PECS program allows participants to interactively engage industry experts on real world, business-oriented information from their own office. This was the third of the BAA's PECS produced this year, with three more in the planning stages. Future presentations under development include further topics relating to TTB issues, distribution and the use of sales data.


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