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Services

Louis Tommasino provides a wide range of services to individuals and businesses in a variety of industries. We strive to meet each clients' specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment. Our professional services include:


Accounting

Business owners rely on accurate and timely financial information to reflect the health of the business and make informed decisions. Our multi-step review process ensures the accuracy of the financial information you receive. Our accounting services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping
  • QuickBooks assistance
  • Accounting system setup and support
  • Payroll
  • Personal financial statements
  • Corporate and business intelligence analysis

Assurance and Advisory

Our clients benefit from an objective analysis of entity structuring, return on investment, internal controls, productivity efficiencies, expenditures, and business planning. Our services include:

  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Financial projections
  • Debt and finance advisory
  • Transaction structuring and negotiation
  • Business succession

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:

  • Tour accounting
  • Royalty distribution and accounting
  • Risk management and insurance coverage
  • Multi-state tax return preparation
  • International taxation
  • Bill paying services
  • Outside CFO services

Business Consulting and Valuation

Providing strategic, operational, and financial consulting services, we have successfully guided our clients to make better business decisions. We also provide business valuations, a critical component any proposed buy, sell, merger, estate plan, divorce, or tax minimization plan as well as industrial bench marking and trend analysis.

Cash Flow and Budgeting Analysis

Proper cash management can improve a company’s liquidity and increase profitability. We can analyze the timing of your cash inflows and outflows, receivables, and payables, and advise on optimal cash flow strategies. We can also prepare budgeted and projected cash flow statements to identify and minimize the need for external financing.

Employee Benefit Plans

Employee benefit plans, designed to attract and retain employees, are fraught with compliance regulations and increasing costs. We work with actuaries and plan administrators to implement strategies to reduce costs while being compliant with state and federal regulations.

Entity Selection and Restructuring

We will help you select the appropriate business entity structure (C Corp, S Corp, LLC, and LLP) to support your business from asset protection, tax minimization, and risk management perspectives. If your company is changing from one entity to another, we provide restructuring services to minimize delays.

Estate and Trust Planning/Tax Preparation

We provide trust administration services that protect trustees and ensure beneficiaries have been provided for along with ensuring proper distribution of trust assets according to the trust document. Our estate planning services are designed to help preserve and protect estate values and the ultimate distribution to heirs and charities while minimizing estate tax consequences.

Financial and Retirement Planning

Our objective is to help you reach your financial goals and maintain financial independence in retirement. We’ll guide you through college education funding, saving for retirement, life insurance planning, and business succession planning. We can analyze your investment portfolio in terms of unrealized capital gains and tax efficiency. If you currently do not have a financial advisor, our office will refer you to a competent Certified Financial Planner.

Forensic Accounting and Litigation Support

Forensic accounting can be employed in a number of situations: commercial litigation, financial investigation, business valuation, marital dissolution, and bankruptcy. Our services involve an assessment of economic loss and damage through an analysis of financial records in fraud or theft investigation.

IT Services

Investing in IT support should be a prerequisite for any business, no matter what size. Obtaining the best IT support keeps your people doing what you’re paying them to do, and not fiddling with a malfunctioning printer or some software issue that eats up valuable time. Let us assist you in staying productive with little downtime through the following:

  • Technology consulting meetings onsite for locations within range of our offices in University City, San Diego
  • Consultation and advice on computer technology (giving advice and proposals on any changes to be made, or possibilities we are asked to look into)
  • Setup, configuration, and maintenance of software (antivirus software, QuickBooks, and any other software as requested)
  • Setup, configuration, and maintenance of computer hardware systems (laptops, desktops, and other mobile devices)
  • Setup, configuration, and maintenance of file storage and backup systems
  • Setup, configuration, and maintenance of peripheral office devices (primarily printers, but other devices can be included as requested)

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. During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.

  • Internal Revenue Service and Franchise Tax Board problem resolution

Merger and Acquisition

Selling a business is the culmination of years of hard work and building relationships. This is likely to be the biggest event of your business life and must be properly planned. Our merger and acquisition services help you determine a fair asking price, evaluate the economic, tax and cash flow impact, and assess compatible business strategies and tactics.

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 CPA & Associates can perform both review and compilation services in accordance with the American Institute of Certified Public Accountants. We offer an experienced evaluation of your company's financial statements using management inquiries, analytical procedures, and our knowledge of the industry and your particular business. Compilation services 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.

Tax Planning and Management Services

We guide you through a full range of tax strategies to minimize risk and preserve your wealth, your family, and your business. Through ongoing continuing education and technical updates, we are able to stay on top of the ever-changing state and federal tax and regulatory environment. We offer tax preparation services for individuals and businesses including the triggering of the Alternative Minimum Tax. We also provide:

  • Incentive stock option and AMT trap analysis
  • Unrealized gain/loss analysis
  • Foreign tax resolution for individuals and entities

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