Description
ERIC FRIEDMAN, CPA, Mountainside, New Jersey 2016 - present Independent consultant supporting tax needs and warehouse management projects of individuals and small companies. Retrofit warehouse facility and improved HR and Tax processes for $45m textile distributor * Acted as CFO, head of HR and head of Tax. * Managed retrofit of 300,000 square foot heavy manufacturing facility into warehouse distribution center, including renovation of 15,000 square foot office space with $3 million supporting budget. * Finance and tax responsibilities: ensured sales tax and payroll tax compliance, including 1094 and 1095 compliance, and created cost segregation plan for depreciation. * HR responsibilities: streamlined EBP and payroll, created section 125 health insurance plan, and updated employee handbook. Tax practice including individual, corporate, and trust / gift tax returns * Prepare federal and state income tax returns for individual, state, corporate, and trusts. W & E SALES CO., Newark, New Jersey Distributor of Automotive Fasteners. 2011-2016 Controller and Sales Manager * Responsible for the integrity of financial information. * Improved timeliness and accuracy of monthly financial reporting created analysis and variance explanation reports. * Managed financial planning, tax and all accounting functions. INTEGRATED BIOPHARMA, INC., Hillside, New Jersey $45 million biopharma manufacturer and distributor in the nutraceutical industry. Assistant to the President 2006-2011 * Served in a cross-functional role supporting special projects and day-to-day operations. * Responsible for financial planning and analysis. * Responsible for the preparation of the consolidated corporate federal and individual state income tax returns. Chief Executive Officer, AgroLabs, Inc. (a subsidiary of Integrated BioPharma) and Senior Vice President, Operations and Administration 2005-2006 * Served as CEO for acquired company. * Evaluated product mix, margin history and inventory turnover made recommendations that led to 10% reduction in inventory, elimination of slow moving and unprofitable inventory. * Continued responsibility for budgeting, financial planning and analysis, financial accounting, public reporting and SEC compliance, tax, treasury and all general accounting functions. * Managed company real estate. ERIC FRIEDMAN, CPA PAGE TWO Chief Financial Officer and Vice President 1996 - 2005 * Managed company's successful Initial Public Offering (IPO) of common stock and ensured compliance with all public reporting requirements. * Responsible for budgeting, financial planning and analysis, public reporting and SEC compliance including preparation of Company's Annual Report and Proxy Statement. * Coordinated all activities with outside auditors. * Responsible for accounting and finance operations including training and development of a staff of ten. * Managed administration of Corporate 401-k plan. * Developed and administered first-ever company budget including actual-to-budget comparison and analysis, reducing expenses. * Partnered with consultants on valuation, due diligence and deal structure leading to successful acquisition and integration of three acquired subsidiaries. * Led risk assessment team charged with the placement and administration of all insurance coverage. * Instrumental in applying for Urban Enterprise Zone approval resulting in substantial tax savings. PUBLIC ACCOUNTING EXPERIENCE SHACHAT & SIMSON, CPA'S, Springfield, New Jersey Partner-1980-1996 * Planned audit engagements, supervised staff and performed audits across many industries including service, financial, manufacturing and retail. * Performed business valuations and forecasts as part of due diligence team. * Reviewed and prepared financial statements for GAAP compliance and researched issues. * Reviewed and prepared individual, partnership and corporate tax returns for federal and state compliance. * Represented clients in IRS and state of New Jersey tax compliance issues. .
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