Advisory and Consulting Services

As a company, the most important work we do is building relationships with our clients through careful communication and trust. It is important to us to listen to our clients, allowing us to understand them and give the best advice we can. It is equally important for us to communicate with our clients, so that they know they are in capable hands. Above all, we put our clients’ needs first.

We base our advisory and consulting services on this foundation of trust, allowing us provide relevant and time sensitive financial advice.

Advisory and consulting services at Terranova & Associates, LLC include:

  • Financial Planning
  • Debt and Financial Analysis
  • Entity Selection and Restructuring
  • Mergers, Acquisitions, and Sales
  • Accounting Software, Training, and Consultation

We offer these advisory and consulting services to individuals and businesses alike. Our CPAs have over 75 years of experience in all financial matters, no matter large or small, so you will be able to get the advice you need.

Financial Planning

Making a plan for your finances is the key to reaching your financial goals. An experienced financial planner can help you assess your income, assets, debts, and priorities, then use that information to create a plan for meeting your goals. Indeed, using a CPA for your personal financial planning is one of the best ways to create a comprehensive and useful financial roadmap.

We are all seeking financial independence and comfortable retirement, and the only way to do that is through planning. We know that making plans for the future—especially with regard to finances—can be intimidating. Even more importantly, we know that making financial plans are about decisions that will have a real-life impact. Allow us, the experts, to offer guidance and advice.

Whether you are making a plan for an investment or evaluating a current investment strategy, the CPAs at Terranova & Associates, LLC has the expertise you need and will guide you through the tough decision making processes. Whether you're saving for college, investing your money or planning for retirement, you can rest assured that you're in good hands.

Debt, Cash Flow, and Financial Analysis

Managing your resources well means walking a tightrope, balancing working capital, paying down debt, and investing in future growth. CPAs can help you strike that balance by providing detailed financial analysis based upon different scenarios. With a combined seventy-five years of experience, we know how to help our clients make the most of their cash flow and pay down their debts.

Another important financial choice you make is how to finance your company’s future growth. This is not a decision that can be made without an understanding of your goals and options. We have extensive experience showing our clients their financial options, and helping them choose the best ways to grow their businesses. Clients in all industries have benefited from our experience in financial analysis.

Mergers, Acquisitions, and Sales

Business transactions and transitions are incredibly complex affairs. Buying, selling, or considering a merger are all huge business decisions, which is why we recommend that you gain the advice of the experts.

Whether you're contemplating a business acquisition, merger or sale, the prospect can be daunting. Considerations such as your return on investment or whether the new venture will break even is just the tip of the iceberg. To ensure that you've left nothing to chance, seeking the help of our talented CPAs can help you cover all the bases.

Making the right decision for your business is crucial, especially at a time of transition. We are experienced in complicated business transactions such as these, and our advice is always based on a careful analysis of your individual situation.

Accounting Software, Training, and Consultation

There are numerous off the shelf accounting software available, and most, if not all, can be incredibly useful to help you keep track of and manage your business. However, not everyone needs every feature that is available; the key is knowing how to best utilize the software, and how that be accomplished with your available resources.

That's where our expertise in information technology and business processes come in. By gaining an understanding of your day to day business processes, and available human resource, we can design and customize the accounting software and the accompanying business process that is needed to keep your financial records organized. We can help you configure these accounting programs to be efficient for your business through a number of measures, including:

  • Assisting with selection, purchase, and configuration of the most suitable software
  • Optimizing business functionality
  • Building a strong financial accounting system through customized training
  • Helping with single-use or network installations
  • Maintaining and improving software functionality through ongoing support

Through our many advisory and consulting services, we can help virtually any individual or business better understand their finances and make educated decisions about their investments, goals, and futures.