Services

Business Management Services

Whether you're an entertainer, manage an entertainment business or in the bio-tech industry, Louis Tommasino, CPA can be your outside CFO. If your company cannot afford a full time Financial Officer, our services can be tailored to your organization's needs:

• Business Management - tailored to your organization's needs
• Royalty Distribution and Accounting
• Tour Accounting
• Insurance Management
• Multi-State Taxes
• International Taxes
• Accounts Payable and Bill Paying Services

Tax Management Services

At Louis Tommasino, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Louis Tommasino's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, and employee benefit and profit-sharing plans.

These services include but are not limited to:

• General ledger and financial statement preparation
• Bookkeeping (Monthly, quarterly, or annual)
• Accounting system setup and support
• Payroll processing
• Cash flow budgeting and forecasting
• Personal financial statements
• Employee benefit and profit-sharing plans
• Corporate tax planning and return preparation
• Litigation support

Assurance and Advisory Services

At Louis Tommasino, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

• Reviews and compilations
• Entity selection and restructuring
• Accounting software selection, implementation, and support
• Business valuations
• Financial projections and forecasts
• Debt and finances advising
• Mergers and acquisitions
• Transaction structuring and negotiations
• Business succession

Reviews and Compilation

When a financial statement audit is not necessary but your company still needs to provide assurance to the users of your financial statements, Louis Tommasino can perform both review and compilation services in accordance with the Statement on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.

Whether it be for internal purposes or driven by external requirements, our services are designed to assist you in preparing and presenting meaningful financial statements that offer an appropriate level of credibility and reliability in order for you and your investors, creditors or others that do business with you to properly evaluate your business and make informed decisions.

Review Services

Louis Tommasino's financial statement review services offer an evaluation of your company's financial statements using management inquiries, analytical procedures, and our knowledge of the industry and your particular business. The scope of a review is less than an audit, but the resulting report provides a limited level of assurance that that there are no material modifications that should be made to the financial statements.

Compilation Services

As part of Louis Tommasino's compilation services, our team of experienced professionals will assemble financial data from your accounting records and present it in the form of financial statements. No opinion is expressed about the underlying information in these statements, but you can sleep well knowing that your financial statements are presented in conformity with U.S. GAAP.

Estate and Trust Planning and Tax Preparation

Effective trust administration protects the trustee and insures that the beneficiaries have been provided for according to the trust document. Louis Tommasino, CPA uses specialized trust software which provides the necessary trust accounting to report to the beneficiaries of an estate, and protects the trustee by insuring the distributions of an estate are according to the desires of the decedent.

Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Our role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries.

Financial and Retirement Planning

Louis Tommasino's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as college education funding, retirement plans, insurance, and tax, estate, and business succession planning.

Whether you are developing an investment strategy or evaluating current investments, Louis Tommasino can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals. If you currently do not have a financial advisor, our office can refer you to competent Certified Financial Planner.

Litigation Support and Forensic Accounting

Louis Tommasino litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and get to your bottom line.

IRS Representation

Louis Tommasino CPA fights for his clients in their dealings with federal and state agencies while you maintain your business and keep focused on the needs of your family. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

Bookkeeping/Write-up

Not just data entry, the financial statements become corporate intelligence that are used to measure your business providing data for well-organized tax planning, strategic growth, and internal controls. Louis Tommasino can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Entity Selection and Restructuring

Whether you're choosing a C Corp., S Corp., LLC or simply being a sole proprietorship, your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Louis Tommasino can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

QuickBooks Accounting Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Louis Tommasino offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

Working with your IT manager, we install QuickBooks on your stand alone computer or in a network environment, in either single or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Employee Benefits, Pension, and Profit-Sharing Plans

Choosing and administering benefit plans for your employees is often a complex process. Louis Tommasino works with actuaries and plan administrators to help develop, implement and administer employee benefit packages, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Louis Tommasino can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, rebalance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Business Valuation

The range of needs for valuing businesses continues to widen, and Louis Tommasino can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

Mergers, Acquisitions, and Sales

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Louis Tommasino can provide professional know-how to help you successfully structure and negotiate the deal. Louis Tommasino employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.