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

7. GOVERNMENT RULES, REGULATIONS & OTHER REQUIREMENTS

 

  • Name of Business Entity and DBA Names

 

  • Registration with Government Agencies

 

  • Federal Government: Internal Revenue Service
  • Form SS-4: Application for Federal Identification Number
  • Form 2553: Election by a Small Business Corporation
  • W-4: Employer’s Withholding Allowance Certificate
  • Immigration Services - I-9 Employment, Eligibility, Verification

 

  • New York State:               
  • Employer – NYS–100 NYS Employer Registration for 

                         Unemployment Insurance, Withholding & Wage Reporting

  • Sales Tax Authority – DTF-17 Application for Registration

                          as a Sales Tax Vendor

  • CT-6:   Election by a Federal S Corporation to be treated as a                    New York S Corp

 

  • Payroll Taxes
  • Employee Withholding Taxes – Fiduciary Responsibility of employer who makes decision on business bills to be paid. Personal liability.

 

  • Federal:
  • FICA Tax (Social Security and Medicare Tax) – Employer Cost 7.65% per employee wages up to maximum calendar yearly wages as defined by the government yearly.
  • FUTA Tax: (Federal Unemployment Tax) – Employer cost .8% per employee wages up to a maximum per calendar yearly wages of $ 7,000.

 

  • New York State
    • State Unemployment Tax – Employer cost of .1% up to 9% per employee wages up to a maximum calendar yearly wages of $ 8,500.
  • Required Insurance coverage:
    • Workers Compensation Insurance – rates vary depending on industry
    • Disability Insurance – Short Term

 

  • Sales & Use Tax
  • Fiduciary responsibility of owners – Personal Liability
  • Resale and exempt organization certificates
  • Invoices and Register Tapes
  • What is taxable and what is tax exempt?
  • Interstate and Intrastate sales
  • Internet Sales
  • Nexus :   A connection, tie, link
  • Insurance
  • Liability
  • Property
  • Auto
  • Business continuation
  • Permits and Licenses
  • Better Business Bureau
  • Health Department
  • Environmental
  • Clothing Registration - Clothing Manufacturer Number
  • Bookkeeping
  • Computer Programs,
  • Supporting Documents
  • Payroll Services

 

 

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.

6. Business Plan <<                                                                                             >> 8. Websites

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

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