Gunsmithing Business

This course will cover the steps you need to follow to set up a small business as well as the following:

Budgets
Basic keeping a check book, bank reconciliation, and identification of the expenses.
Reading a P&L and Balance Sheet; basic ratios and what they mean.
Breakeven point and pricing of product
1. Sales Tax – applying for a number and figuring what is taxable
2. Form 720 – Excise Tax and the Pitman-Robinson Act
3. Applying for a FEIN (Federal Employer Identification Number)
4. Payroll and the associated Taxes – how to figure payroll and then filing out the tax forms, which inclue 941, 940, Colorado Withholding, and Colorado Unemployment Insurance.
Reconciling the cash drawer.
Time Management
Advertising
Business Types: Self-employed, Partnership, Corporation

Nancy L. Palmer, Instructor

Paper and writing instrument
Computers will be available in the classroom. Please feel free to bring a flash drive to save your notes.

for more information
contact donna haddow
1-800 621-tsjc ex 5541
donna.haddow@trinidadstate.edu