sotomayor_cpa_brochure

SOTOMAYOR & ASSOCIATES, LLP Certified Public Accountants & International Advisors

U.S.A. Office: 540 South Marengo Avenue Pasadena, California 91101 (626) 397-4900 Fax (626) 397-4908 www.sotomayorcpa.com E-mail: [email protected]

Dominican Republic Office: Ave. Lope de Vega esq. Rafael A Sanchez Edificio Plaza Intercaribe, Suite 601-H Ensanche Naco Santo Domingo, Republica Dominicana (809) 686-1650 Celular (829) 961-2999 E-mail: [email protected]

THE FIRM AT A GLANCE 1 THE ADVANTAGES OF BEING OUR CLIENT 2 AUDITING & ASSURANCE SERVICES FOR PUBLIC COMPANIES 3 ACCOUNTING SERVICES FOR NON-PUBLIC COMPANIES 4 TAX SERVICES 5 PERSONAL WEALTH MANAGEMENT SERVICES 6 MANAGEMENT ADVISORY SERICES 7 REGULATORY COMPLIANCE SERVICES 8 SMALL BUSINESS ADVISORY SERVICES 9 INTERNATIONAL BUSINESS ADVISORY SERVICES 10 GOVERNMENT ACCOUNTING 11


Can Sotomayor & Associ-ates help you? Almost certainly. Problem solving is our business. But the first step is yours. Call us to set up an appoint-ment at your convenience. We can review your per-sonal and business situation together and we can deter-mine if our “chemistry” is right. An accounting relationship is special. You must feel comfortable with us. Once that special bond is estab-lished, though, you will be surprised and completely satisfied with what we can do…..and how we do it! Ivan Sotomayor CPA, MBA Managing Partner

THE FIRM AT A GLANCE The firm is an experienced and respected Certified Public Ac-counting firm founded in 1991 by its managing partner, Ivan So-tomayor. From its inception, Sotomayor & Associates, LLP has been dedi-cated to provide accounting services of the highest quality to its clients. Because of its commitment, the firm has been subject to quality control inspections and has earned unqualified opinions since 1992. Today, we provide services to a wide array of clients in the Ameri-cas and Asia engaged in telecommunications, manufacturing, wholesale and retail sales, contracting, real estate development, food manufacturing and distribution and health care. Sotomayor & Associates, LLP is registered with the Public Com-pany Oversight Board to audit SEC listed companies and is a member of the American Institute of Certified Public Accountants and the California and New Jersey Societies of Certified Public Accountants.

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Services: Auditing & Assurance Accounting Tax Personal Wealth Management Management Advisory Regulatory Compliance Small Business Advisory International Business Advisory Government Accounting

THE ADVANTAGES OF BEING A SOTOMAYOR & ASSOCIATES CLIENT…... A full range of services Our clients have access to all the auditing, accounting, tax and consulting services they need. Our firm offers a wide range of business and financial services to help businesses organize, plan, and monitor their business activities. Tailoring our services to meet their specific requirements and objectives is our specialty. Personal service Our clients receive one-on-one attention from a partner of the firm. We take the time to listen and understand our client’s needs. Quality service Our clients have access to professionals who are well versed in all aspects of accounting, tax and business consultation, backed by years of education and work experience. As a registered of the Public Company Accounting Oversight Board, our firm is subject to comprehensive independent regulatory inspection and profes-sional “peer review”. Therefore, must maintain quality control systems which meet the highest professional standards. Technical expertise Through continuing education, our partners and staff stay on top of changing times and regulations. This, combined with practical experience of years in the field, helps us to help our clients meet challenges now and in the future. Business management skills When required our clients deal with partners, not staff. The suc-cess of your business is as important to us as it is to you.

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AUDITING & ASSURANCE SERVICES FOR PUBLIC COMPANIES The globalization of the world economies, the explosion of tech-nology, the complexity of business transactions and other forces have thrust the financial reporting system into a new age. As the pace of change accelerates, so does our commitment to provide reliable and relevant financial information to our clients and the users of their financial information. The Sarbanes-Oxley Act of 2002 created the Public Company Ac-counting Oversight Board to supervise the audits of SEC. Our registration with the PCAOB makes our Firm subject to periodic quality control inspections to insure that our audit engagements are performed in accordance with the PCAOB standards, includ-ing the following: Performing an integrated audit of an issuer’s financial statements

and internal control over financial reporting. Complying with SEC financial statement measurement and disclo-

sure requirements. Performing interim review of financial information of issuers. Reporting under PCAOB standards. Complying with audit documentation and retention requirements. Complying with independence requirements. Communicating with audit committees.

A professional service firm is well-known for something: has a recog-nizable signature and a distinguishing approach to problems. Tom Peters

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ACCOUNTING SERVICES FOR NON-PUBLIC COMPANIES As independent business advisors to our clients, we provide a comprehensive range of accounting services. We are committed to the highest professional standards and require that financial re-ports for non-public companies adhere to the strict guidelines re-quired by our membership in the AICPA, Center for Public Com-pany Audit Firms and Peer Review standards. Specific accounting services include for non-public companies in-clude: Audits of financial statements. Financial and Compliance Audits of Broker-Dealers under PCAOB

standards. Review of financial statements. Compilation of financial statements. Compliance reporting for regulatory agencies. Audits under the SEC Investment Advisor’s Act of 1940. Reporting the adequacy of systems of internal control. Issuance of special reports on the results of agreed-upon procedures.

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In the new world of creative capitalism, only those companies capable of reengineering them-selves to meet the new global needs and de-mands will survive


TAX SERVICES Our commitment to provide a comprehensive and cost-effective array of tax services goes beyond the preparation of tax returns. We regularly work with our clients to develop tax planning strate-gies that minimize and /or defer their income tax burdens. Individual tax preparation and planning Business tax returns preparation and planning for corpora-

tions, partnerships and limited liability companies. Multi-state tax compliance Federal and state excise tax compliance State sales tax compliance Estate and trust return preparation and planning Audit representation before the IRS, state taxing authorities

and governmental agencies Tax research and opinions with respect to specific business or

investment transactions. Cost Segregation Studies

Over and over again the courts have said that

there is nothing sinister in so arranging one’s

affairs as to keep taxes as low as possible. Eve-rybody does so, rich or poor; and all do right for nobody owes any

public duty to pay more than the law demands: taxes are enforced ex-

tractions, not voluntary contributions. To de-

mand more in the name of morals is mere cant

Justice Learned Hand

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PERSONAL WEALTH MANAGEMENT SERVICES Personal financial planning involves examining an individual’s current financial situation, determining long long-term financial goals, implementing strategies to meet those goals, and conducting periodic reviews to ensure the strategies meet the clients’ chang-ing needs and objectives. How detailed a financial plan must be depends largely on the in-come, assets and goals of the individuals. Evaluation and restructure of assets and liabilities Retirement planning Funding for college education Purchase and refinancing of real estate assets Review of trusts and wills Asset protection through off-shore entities

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There are two times in a man’s life when he should not speculate—when he cannot afford it, and when he can. Mark Twain


MANAGEMENT ADVISORY SERVICES We help both small and medium market businesses in a variety of industries to design and implement the procedures and systems needed to operate effectively. In our experience, all businesses, regardless of size, can improve their performance with the help of proper controls and planning. Assist in the negotiation of buy-sell agreements. Assist in the preparation of budgets Cash flow analysis Risk versus return evaluation Business Valuation Review mergers and acquisitions Help create and monitor business plans Technology Advisory Risk advisory services:

Compliance

Business process enhancement

Enterprise risk management and internal control

Fraud prevention

The most important resource we have is the power of the mind and the ability to manifest that power through ac-tion. “Size the moment. Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it Goethe

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REGULATORY COMPLIANCE SERVICES Our consultants compile several years of hands-on experience as-sisting telecommunications clients in complying with the complex regulatory environment of the United States. Preparation and filing of FCC International Traffic Reports. Preparation and filing of FCC International Circuit Reports Preparation and filing of FCC forms 499-A and 499-Q Preparation and filing of state’s Public Utilities Commissions

Telecommunication Licenses and Tariffs Resolution of FCC and state regulatory audits through con-

tacts at various regulatory agencies in Washington DC

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When the pace of change outside an organization becomes greater than the pace of change inside the organization, the end is near. John R Walter Former President AT&T


SMALL BUSINESS ADVISORY SERVICES Our Small Business Advisory Group commitment is to deliver ef-ficient and cost-effective accounting, tax and consulting services that meet the small business need. Our professional staff count with extensive hands-on experience in assisting small business owners manage their affairs. Tax preparation services Bookkeeping services Payroll tax services Sales and business tax compliance services Computer and accounting systems set-up services Choice of entity and incorporation services Assist in the preparation of business plans

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It’s not the employer who pays the wages. Employers only handle the money. It’s the cus-tomer who pays the wages. Henry Ford


INTERNATIONAL BUSINESS ADVISORY SERVICES We specialize in advising small and large business in cross-border transactions between the U.S.A., Latin America, Korea and China. Our accountants and consultants are fluent in the lan-guages and cultures of the regions. We understand that interna-tional trade uses a specialized language of current conditions and local business practices. Financial information under International Accounting Stan-

dards and conversion to US GAAP. U.S.A. foreign taxation for in-bound and out-bound transac-

tions U.S.A. Transfer Pricing Analysis and Advance Pricing Agree-

ments Development of strategies for doing business in foreign coun-

tries, managing foreign investments in the United States and applicable foreign taxation matters.

Creation of off-shore entities

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The premier inde-pendent certified public accounting firm servicing the accounting, tax and consulting needs of individu-als and, small and medium size com-panies located throughout the United States, Latin America, Korea and China


GOVERNMENT AUDITING, ACCOUNTING & CONSULTING Our expertise and experience in government audits and quality control has given us presence on an international scale, now we are extending our services to regional areas. Our team of experts knows how to meet the client’s needs and recognize each client’s unique specifics to help improve their efficiency in financial re-porting and operations. Our current services we provide to gov-ernment agencies include: Comprehensive Annual Financial Reports (CAFR) Single Audit and other reports Financial and compliance audits Preparation for the “Certificate of Achievement for Excellence

in Financial Reporting” from the Government Finance Office Association

Peer reviews Consulting

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Sotomayor & Associ-ates, LLP holds the following certifica-tions by the state of California: Disadvantaged

Business Entity Small Business

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