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Fashion
Fashion
Lasting results never go out of style.
Overview
In an industry of rapid change, global issues and tech-savvy consumers, Friedman delivers tailored fashion accounting services to guide your business at every turn. Our experts empower your financial decision making—bringing industry-specific knowledge, personalized service and a proven track record of client satisfaction.
To a roster of clients that includes domestic manufacturers and importers of textiles; high-end fashion designers; retailers and the makers of apparel, accessories, beauty products and footwear; we provide:
Enduring knowledge. With experience dating to 1924, Friedman has provided fashion clients with comprehensive accounting, tax and consulting services through nearly a century of industry evolutions.
Rich resources. Bringing specialized expertise in a host of areas such as mergers and acquisitions, international tax and cyber security, we sharpen your competitive edge with strategies designed to fit your unique needs and goals.
Continual care. You will benefit from a committed client service team by your side each step of the way. Communicating with you on a regular basis, we entrench ourselves in understanding your short-and long-term goals, allowing us to leverage industry-best practices to enhance your business and personal wealth.
Fashion-forward insights. As founders of the Fashion Services Network, we stay on the pulse of fashion industry trends to bring you new ideas, information and connections, helping you tap into emerging opportunities. Through our exclusive network, you’ll gain access to industry experts offering legal, branding, logistics, lending and other tailored advice.
To get outfitted with a strategic partner invested in your success, reach out to a member of the fashion accounting services team, or contact us.
Here’s a look at the firm’s tax and accounting advisors who are dedicated to providing personalized client service to the fashion industry.
Service Menu
Business Consulting
- Strategic Planning
- Business Structure and Operations
- Financing
- Corporate Governance and Risk Management
- Industry Benchmarking and Performance Metrics
- Qualified Opportunity Zone Consulting
Tax Planning and Compliance
- Corporate and Business Tax Planning
- State and Local Tax Compliance
- International Tax Planning and ReportingTax Controversy Consulting
- Individual Tax Advisory
- Transfer Price Consulting
Mergers, Acquisitions, and Public Offerings
- Deal Negotiation and Structuring
- Due Diligence
- Business Valuation Services
- Divestiture and Exit Strategy Assessment
Fraud Detection and Prevention
- Forensic Accounting
- Internal Controls Assessment, including Cyber Protection
- Expert Testimony
Succession and Estate Planning
- Captive Insurance Opportunities
- Tax-Effective Gifting Programs
- Valuations
- ESOP Planning and Reporting
- Other Planning Techniques to Achieve Your Specific Goals
Accounting, Audit and Assurance
- Audits and Financial Reporting
- Feasibility Forecasts
- Budgetary Analyses and Expense Management
- Internal Control Assessment
- Employee Benefit Plans
- Public Company Services
- International Financial Reporting Standards
- Agreed-Upon Procedures
Client Success
"The quality of Friedman's customer understanding, service and care is simply unmatched. They are super professional and knowledgeable, and they truly care about me, my family and my company. Even throughout this pandemic, they were there every step of the way, guiding and helping us in anything we needed. Friedman is good at what they do for us. I cannot be happier." --Michael Betesh, CEO, Betesh Group
"The team at Friedman is solid. My engagement partner always makes himself available, even on weekends if necessary." --Charlotte Rashti, Owner, Harry J Rashti & Co
Insights & Events
- June 16, 2021 Retail’s New Look in 2021
According to the Mastercard Economics Institute, consumers across the globe spent $900 billion more at online retailers in 2020 compared...
Read more - June 3, 2020 Hong Kong COVID-19 Subsidy for Employers to Fund Wages of Employees
On May 18, 2020, the Hong Kong Government announced an updated version of the implementation plan for the Employment Support...
Read more - March 17, 2020 Tying Loose Threads: Fortifying Your Consumer Goods Business Against the Ramifications of COVID-19
Gaining PerspectiveOn March 4, U.N. economists announced that, once the dust has settled, global manufacturing exports will have dropped by...
Read more - October 4, 2019 Fashion Manuscript: People-Centric. Forward-Thinking. Award-Winning.
New lease, new location - same vibrant Friedman culture. Mann Publication’s Fashion Manuscript featured Friedman in an exclusive article highlighting our...
Read more
- June 16, 2021 Retail’s New Look in 2021
According to the Mastercard Economics Institute, consumers across the globe spent $900 billion more at online retailers in 2020 compared...
Read more - June 3, 2020 Hong Kong COVID-19 Subsidy for Employers to Fund Wages of Employees
On May 18, 2020, the Hong Kong Government announced an updated version of the implementation plan for the Employment Support...
Read more - March 17, 2020 Tying Loose Threads: Fortifying Your Consumer Goods Business Against the Ramifications of COVID-19
Gaining PerspectiveOn March 4, U.N. economists announced that, once the dust has settled, global manufacturing exports will have dropped by...
Read more - October 4, 2019 Fashion Manuscript: People-Centric. Forward-Thinking. Award-Winning.
New lease, new location - same vibrant Friedman culture. Mann Publication’s Fashion Manuscript featured Friedman in an exclusive article highlighting our...
Read more - October 4, 2019 Top Strategies to Tackle Tariff Increases
As recorded by the American Apparel and Footwear, 91.6% of apparel, 68.4% of home textiles and 52.5% of footwear imports...
Read more - June 10, 2019 Friedman LLP Awards Entrepreneurship Scholarship to Fashion Institute of Technology Student for Fifth Consecutive Year
For the past five years, Friedman LLP has supported the endeavors of one exceptional student who is enrolled in the Fashion...
Read more - September 24, 2018 Post Wayfair Supreme Court Decision: New State of Mind for Businesses
In light of the U.S. Supreme Court’s pivotal Wayfair decision, Friedman’s Michael Sacco, Partner, sat with Alan Goldenberg, Principal in...
Read more - June 14, 2018 The Price of Convenience: How to protect your e-commerce business from cyber attacks
With over 230.5 million online shoppers anticipated by 2021, it is no wonder that e-commerce is a large target for...
Read more - January 26, 2018 Unpacking the Pros and Cons of Fulfillment by Amazon
For your apparel or consumer product company to grow and succeed in a competitive global marketplace, a strong Amazon presence and...
Read more - December 13, 2017 Friedman LLP Awards Entrepreneurship Scholarship to Fashion Institute of Technology Student for Fourth Consecutive Year
New York – November 30, 2017 – Every year, Friedman LLP awards one Fashion Institute of Technology (FIT) student majoring...
Read more - September 5, 2017 Because They’re Happy…
“Happy accountants make for happy clients.” That’s the driving force behind Friedman LLP’s people-centric philosophy. Mann Publication’s Fashion Manuscript featured...
Read more - June 28, 2017 10 Key Considerations in Selecting the Right Third Party Logistics Supplier
In today’s retail environment, speed to market is critical. Fashion products have short lifecycles, as the consumer demand of millennial...
Read more - April 19, 2017 Retail Checklist: 10 Keys to Survive in the Rapidly Changing Environment
The recent demise of many familiar retailers has signaled the end of an era for retail as we know it....
Read more - April 13, 2017 Amazon Wants to Dress You
Amazon’s goal of becoming the biggest retailer in the world, includes breaking into the fashion industry. Many brands have already...
Read more - February 7, 2017 Key Issues to Consider When Negotiating a Licensing Deal
Brand licensing in the fashion industry is a trend that continues to rise - with both brand owners and licensees...
Read more - December 7, 2016 From There to Here – Sales Tax and Economic Nexus in an On-line World
Defining the Issue It is no secret that the annual growth rate of internet retail sales is far outpacing the yearly...
Read more - September 27, 2016 Preference Actions in Bankruptcy: Defense Strategies for Creditors
In a previous article on reclamation claims, we discussed the options available to creditors to maximize recoveries on unpaid claims...
Read more - August 1, 2016 G-III’s New Trophy Brand: DKNY Premium
G-III Apparel Group has recently acquired Donna Karan International in a deal that G-III chairman calls a “transformative event.” Co-Managing...
Read more - July 18, 2016 The Shift to Online Apparel Sales
The acceleration of growth in online apparel sales should be carefully considered when performing financial due diligence of an apparel...
Read more - March 18, 2016 Important Information Creditors Should Know When Customers File For Chapter 11 Bankruptcy Protection
Over the past year and a half a number of high profile retailers filed for bankruptcy protection. These retailers include...
Read more - January 26, 2016 2016 Research and Development Tax Tips for Apparel Companies
A word to the wise for apparel companies: Don’t miss out on tax savings you’re entitled to. As we neared...
Read more - January 5, 2016 Fashion Industry Survives & Prospers in the 21st Century
On location at Capital One Bank's new branch, Michael Stoler and guests discuss New York's fashion industry, delivering $50-$75 billion...
Read more - November 18, 2015 Fashion Sense - November 2015
If you have any questions about the contents of this issue, please e-mail Co-Managing Partner of Friedman LLP and Partner-in-Charge of...
Read more - October 27, 2015 Fashion Sense - October 2015
If you have any questions about the contents of this issue, please e-mail Co-Managing Partner of Friedman LLP and Partner-in-Charge of...
Read more - September 16, 2015 Fashion Sense - September 2015
The September issue of Fashion Sense is available now. Find recent headlines in fashion news below. If you have any questions...
Read more - September 16, 2015 Luxury Brands Seeking Out Innovative Design
Harriet Greenberg, Co-Managing Partner and leader of Friedman’s Fashion practice, was quoted by South China Morning Post in an article...
Read more - August 18, 2015 Fashion Sense - August 2015
If you have any questions about the contents of this issue, please e-mail Co-Managing Partner of Friedman LLP and Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com.
Read more - May 29, 2015 Fashion Sense - May 2015
If you have any questions about the contents of this issue, please e-mail Co-Managing Partner of Friedman LLP and Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com.
Read more - February 23, 2015 Fashion Sense - February 2015
If you have any questions about the contents of this issue, please e-mail Co-Managing Partner of Friedman LLP and Partner-in-Charge of...
Read more - January 21, 2015 Fashion Sense - January 2015
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg...
Read more - November 20, 2014 Fashion Sense: November 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg...
Read more - October 30, 2014 Fashion Sense: October 2014
In This Issue: Client Alert: IRS Announces 2015 Limits Affecting Qualified Plans Source: Friedman LLP Los Angeles Port Congestion Threatens Retailers' Holiday Shipments Source:...
Read more - May 15, 2014 Fashion Sense - May 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - April 28, 2014 Fashion Sense: April 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - March 20, 2014 Fashion Sense - March 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg...
Read more - February 20, 2014 Fashion Sense: February 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - February 6, 2014 Friedman in the News: Volume 3, Issue 1
Press Mentions and Announcements AccountingToday.com: Partner Amish Mehta guest on Michael Cohn's Podcast. CNBC.com: Partner Dave McKelvey quoted regarding the alternative minimum...
Read more - January 15, 2014 Fashion Sense - January 2014
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - December 18, 2013 Fashion Sense: December 2013
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - November 22, 2013 Fashion Sense: November 2013
In This Issue: Five Financial Lessons from Retirees (Harriet quoted!)Source: Fox Business News Sales Tax: Two for the Price of OneSource: Friedman...
Read more - October 16, 2013 Fashion Sense - October 2013
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - September 17, 2013 Fashion Sense - September 2013
As you begin to prepare for the end of 2013, there are many things that are on your mind. One is most likely the upcoming healthcare reform due to the Affordable Care Act.
Read more - August 12, 2013 Fashion Sense - August 2013
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more - July 24, 2013 Fashion Sense - July 2013
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet...
Read more
- June 7, 2016 Harriet Greenberg to be Honored at the NYIC 97th Annual Awards Banquet 43rd
We are proud to announce that Harriet Greenberg, Co-Managing Partner and leader of the Fashion Services practice, is a recipient...
Read more