SOTOMAYOR & ASSOCIATES, LLP

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1 U.S.A. Office: 540 South Marengo Avenue Pasadena, California (626) Fax (626) Dominican Republic Office: Ave. Lope de Vega esq. Rafael A Sanchez Edificio Plaza Intercaribe, Suite 601-H Ensanche Naco Santo Domingo, Republica Dominicana (809) Celular (829) dtejeda@sotomayorcpa.com

2 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

3 THE FIRM AT A GLANCE Can Sotomayor & Associates help you? The firm is an experienced and respected Certified Public Accounting firm founded in 1991 by its managing partner, Ivan Sotomayor. From its inception, Sotomayor & Associates, LLP has been dedicated 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 Today, we provide services to a wide array of clients in the Americas 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 Company 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. Almost certainly. Problem solving is our business. But the first step is yours. Call us to set up an appointment at your convenience. We can review your personal and business situation together and we can determine if our chemistry is right. An accounting relationship is special. You must feel comfortable with us. Once that special bond is established, though, you will be surprised and completely satisfied with what we can do..and how we do it! Ivan Sotomayor CPA, MBA Managing Partner 1

4 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 professional 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 success of your business is as important to us as it is to you. Services: Auditing & Assurance Accounting Tax Personal Wealth Management Management Advisory Regulatory Compliance Small Business Advisory International Business Advisory 2 Government Accounting

5 AUDITING & ASSURANCE SERVICES FOR PUBLIC COMPANIES The globalization of the world economies, the explosion of technology, 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 Accounting 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, including the following: Performing an integrated audit of an issuer s financial statements and internal control over financial reporting. A professional service firm is well-known for something: has a recognizable signature and a distinguishing approach to problems. Tom Peters Complying with SEC financial statement measurement and disclosure 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. 3

6 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 reports for non-public companies adhere to the strict guidelines required by our membership in the AICPA, Center for Public Company Audit Firms and Peer Review standards. Specific accounting services include for non-public companies include: 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. In the new world of creative capitalism, only those companies capable of reengineering themselves to meet the new global needs and demands will survive Audits under the SEC Investment Advisor s Act of Reporting the adequacy of systems of internal control. Issuance of special reports on the results of agreed-upon procedures. 4

7 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 strategies that minimize and /or defer their income tax burdens. Individual tax preparation and planning Business tax returns preparation and planning for corporations, 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 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. Everybody 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 extractions, not voluntary contributions. To demand more in the name of morals is mere cant 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 Justice Learned Hand 5

8 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 changing needs and objectives. How detailed a financial plan must be depends largely on the income, 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 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 6

9 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: The most important resource we have is the power of the mind and the ability to manifest that power through action. Size the moment. Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it Goethe Compliance Business process enhancement Enterprise risk management and internal control Fraud prevention 7

10 REGULATORY COMPLIANCE SERVICES Our consultants compile several years of hands-on experience assisting 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 contacts at various regulatory agencies in Washington DC 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 8

11 SMALL BUSINESS ADVISORY SERVICES Our Small Business Advisory Group commitment is to deliver efficient 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 It s not the employer who pays the wages. Employers only handle the money. It s the customer who pays the wages. Henry Ford 9

12 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 languages and cultures of the regions. We understand that international trade uses a specialized language of current conditions and local business practices. Financial information under International Accounting Standards and conversion to US GAAP. U.S.A. foreign taxation for in-bound and out-bound transactions U.S.A. Transfer Pricing Analysis and Advance Pricing Agreements Development of strategies for doing business in foreign countries, managing foreign investments in the United States and applicable foreign taxation matters. Creation of off-shore entities The premier independent certified public accounting firm servicing the accounting, tax and consulting needs of individuals and, small and medium size companies located throughout the United States, Latin America, Korea and China 10

13 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 reporting and operations. Our current services we provide to government 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 Sotomayor & Associates, LLP holds the following certifications by the state of California: Disadvantaged Business Entity Small Business CPA firm 11