In your opinion, is it worth putting off paying your federal excise taxes from every two weeks to every three months? The business side of me says it's always better to defer payments, but I wonder if the headache of preparing a report for three months will make up for it. What are you guys planning to do? We still have to file our state tax report once a month so I may just prepare a report every month, but only pay the taxes quarterly.
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new quarterly TTB tax period
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I found out that to switch to quarterly tax filings, your ATF brewers bond must be upgraded to match the quarterly liability. Ours was a $1000, the minimum, and I had to think for a while before I remembered that we simply sent a check in for that amount instead of trying to get a bond. For smaller brewers, that may be more trouble than it's worth. I'm going to wait until we have to redo our state bond, which was a ripe $20k.
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