For alcohol beverage companies facing the challenge of disposing of unsaleable products, there's an innovative and eco-friendly solution that also comes with financial benefits: recycling your beverages through Parallel Products. Not only does this process contribute to sustainability, but it can also open the door to significant tax refunds. By opting to recycle, companies can recover value from products that would otherwise be wasted. It's a win-win, helping to turn a potential loss into a profitable opportunity while supporting environmental goals and initiatives.
Tax Benefits of Beverage Recycling
The TTB allows companies to recover FET for the reclamation/recycling of unsellable inventory. Beverage companies can capitalize on this when they partner with certified recyclers like Parallel Products. The tax recovery benefits extend to all alcohol beverages including:
- Beer
- Wine
- Spirits
- RTD’s
- Seltzers
Therefore, any alcohol beverage company facing a recall, product surplus, or quality control issue can turn to us to handle the recycling process and recover valuable tax refunds.
Parallel Products: Your Recycling and Tax Reclamation Partner
At Parallel Products, we don't just recycle—we maximize the financial potential of your discarded products. We have an extensive team with experience working with market leaders in the beverage industry and understand the ins and outs of TTB compliance.
Our tax reclamation process is thorough, transparent, and compliant with all regulatory requirements, so you can be confident your FET recovery is well-documented and secure. To learn more about our tax services click here.
Case Study: Tax Recovery Success for a Leading Beverage Company
In 2023, Parallel Products partnered with a leading ready-to-drink alcohol manufacturer facing a major product surplus. They needed to dispose of 500,000 cases of unused beverages.
Instead of absorbing a complete financial loss, the manufacturer turned to us for a comprehensive recycling solution. Our team handled the recycling process from start to finish, ensuring compliance with the TTB.
As a result, the manufacturer was able to secure a $1,500,000 tax refund—an average of $3 per case—through our tax reclamation services.
This effort not only saved the company significant costs but also helped reinforce its commitment to sustainability.
Why Choose Parallel Products for Alcohol Beverage Recycling?
- Maximized Tax Recovery: We are experts in beverage recycling and the associated tax recovery benefits.
- Comprehensive Services: From product destruction to transportation, we handle it all—allowing you to focus on your core business.
- Environmental Responsibility: Recycling with Parallel Products demonstrates your company's commitment to sustainability while avoiding the costs and environmental impact of landfilling unused products.
- Regulatory Compliance: We ensure that all recycling processes adhere to the latest TTB guidelines, giving you peace of mind that your FET recovery is fully compliant.
The Parallel Products Advantage
As a market leader in beverage recycling and tax reclamation, Parallel Products has built a strong reputation for helping companies navigate the complexities of recycling and tax deductions. With over 40 years of experience, we've fine-tuned our processes to deliver our clients the highest level of service and financial benefit.
Partnering with Parallel Products ensures that you're recycling responsibly and unlocking the tax savings your company deserves. From small businesses to industry giants, we help beverage companies of all sizes maximize their value through eco-conscious recycling and intelligent tax strategies.
Ready to Recycle and Save?
If your beverage company is looking to recycle unsaleable products, don't miss out on the opportunity for significant FET recovery. Parallel Products is here to help you navigate the process efficiently, ensuring you walk away with a clear environmental conscience and a stronger bottom line.
Contact us today to learn more about how our tax reclamation services can work for your company!