BRIAN L. FRIEDMAN, C.P.A., P.C.
BRIAN L. FRIEDMAN, C.P.A., P.C.

2. STARTING QUESTIONS


  • Are you starting a business or purchasing a current operating business?

 

  • Selling the Product or Service:
    • Product
      • Resale Product
      • Manufactured Product
    • Service
      • Office Based Service
    • Outside Service

 

  • Do you have any experience selling your product or service?

 

  • Is your product or service provided by other companies? (Who is your competition?)

 

  • To whom are you selling your product and service?
    • Consumer
    • Business

 

  • What is the selling price range?

 

  • Target Market
    • Define Target Market
    • How to reach Target Market
    • How large is the Target Market?

 

 

  • Purchasing, Manufacturing, and Related Costs of Your Product or Service.

 

Resale Product

  • Who are your suppliers and what are the financial arrangements for payment?
  • Do you have the space to hold inventory?
  • How would the product be delivered to customers?
  • Can your product become obsolete, worthless, spoiled?

 

Manufactured Product

  • Will you need to obtain a Patent?
  • Will you manufacture the product or sub-contract the manufacturing?
  • Do you have the space to hold inventory?
  • How would the product be delivered to customers?
  • What are your direct and indirect manufacturing costs?
  • Can your product become obsolete, worthless, spoiled?

 

Cost of Goods Sold

  • Product for Sale
    • Raw Materials
    • Resale Products
    • Freight-In
    • Packaging Supplies
    • Factory Labor & Related Payroll Taxes & Employee Costs
    • Factory Overhead
      • Rent
      • Electric
      • Insurance
      • Factory Expenses – Cleaning Services & Supplies, Alarm Contracts, Repairs, etc.

 

General, Administrative and Selling Expenses

  • Salaries
  • Pension Plan
  • Insurance - Medical
  • Insurance - Long Term Care
  • Employee Benefits - Other
  • Fica & Medicare Tax
  • Federal and State Unemployment Insurance Tax
  • Dbl Insurance
  • Workers Compensation Insurance
  • Rent
  • Electric
  • Rent - Storage
  • Telephone
  • Internet Services
  • Office & Stat, & Comp. Supp
  • Postage & Messenger Service
  • R & M - Office Equipment
  • Office Repairs & Maint.
  • Equip. Maint. Contracts
  • Computer Consulting
  • Accounting, Legal, Computer Fees
  • Professional Publications
  • Professional Seminars
  • Dues & Subscriptions
  • Licenses & Permits
  • Auto & Truck Rental
  • Auto & Truck Expenses
  • Parking & Tolls
  • Trains, Taxis & Buses
  • Travel
  • Advertising & Promotions
  • Entertainment & Meals
  • Gifts & Holidays
  • Insurance – Business, Liability, etc.
  • Interest
  • Bank Charges
  • Moving Costs
  • Federal Corporation Tax
  • State Corporation Tax
  • NYC Corporation Tax
  • New Jersey Corporation Tax


DISCLAIMER

 

NOTICE:

U.S. Treasury Circular 230 Notice:

Any tax advice contained in this document is not intended or written to be used, and cannot be used for the purpose of:

          

  • avoiding penalties that may be imposed under the Internal Revenue Code or by any other applicable tax authority, or

 

  • promoting, marketing or recommending to another party any tax-related matter addressed herein.

1.   Introduction <<                                                            >> 3. Funding & Business Locations

Contact Us

To schedule an appointment, please contact us via one of the following options

 

Phone: (516) 935-4565

Fax: (516) 935-3851

E-mail: info@brianfriedmancpa.com

Online Form

Business Hours

Appointments available upon request.

Address

BRIAN L FRIEDMAN CPA PC

15 Wilshire Ln

Plainview, NY 11803

Print Print | Sitemap
© BRIAN L FRIEDMAN CPA PC