Retailers Forum Magazine AUG 2014 | Page 100

FORUM WORKSHOP Forum Workshop Donʼt try to do without a CPA unless you are P PA one or have a strong background in accounting (or the law). Itʼs easy to forget tax time when you are running a new company. If you get better at figuring out these forms and are good at A remembering when to pay, then do it yourself U G and fire your accountant. U S Production Equipment T 1 0 0 • 2 Iʼve separated 0 this from office 1 4 equipment to distinguish the essential from the optional. “Production equipment” refers to ma- chinery or tools youʼll need in order to run your business or produce your product. A baker needs an oven and a refrigerator, a typesetter needs a computer; a retail store needs a cash register. This doesnʼt imply newness or stateof-the-art, necessarily – just what you need to stay competitive in the industry. A publishing company does not have to have a computer or a printer. This work can be subcontracted. But you should analyze the cost of doing so versus the cost of having your own equipment. Select whichever is less or will produce a higher return. YOUʼLL HAVE TO REEVALUATE YOUR NEEDS OVER TIME. YOU MIGHT WANT TO ADD PRODUCTION EQUIPMENT TO YOUR BUSINESS GRADUALLY. continued.. The Lingerie SpeciaLiST ~ Over 1,000 styles in stock! ~ • Lingerie sells year round • We welcome small orders and deliver worldwide. F O R U M • Many clearance items giving you 100% mark-ups. • Large profits www.FlirtyWholesale.com