Upland Trust Tax Return Specialist

Upland Trust Tax Return Specialist

La Verne CPA

About us

Ellen started her CPA firm in 1990. She earned a Bachelor of Science Degree in Business with an accounting emphasis from California State Polytechnic University, Pomona. Ellen and her husband Ron have two adult sons and enjoy traveling, camping and outdoor activities. Ellen has been a Certified Public Accountant for many years and enjoys helping people through her firm.

Monique Marino, staff accountant, has been with the firm since 2012. She earned a Bachelor of Science Degree in accounting from California State Polytechnic University, Pomona. Monique assists with accounting, bookkeeping, payroll and income tax preparation.

Lori Parlopino, clerical staff, joined the firm in November 2015.  Lori’s duties include clerical and data entry.

Ellen has working relationships with other CPA’s and professionals with specialties in various areas including: ex-patriots (US Citizens living abroad), a tax attorney, and an estate and trust attorney.

Our Approach

Ellen H. Friestad CPA is an Upland CPA firm, formerly of La Verne, dedicated to providing detailed, personalized accounting and tax services. We tailor our services to client needs and providing the highest level of personalized service. Our goal is to help our clients understand complex accounting and tax issues and minimize their tax liabilities.

We provide accounting consulting and training, tax planning and preparation, trust accounting, and much more. Whether your business is new or established, small or mid-sized, you’ll always receive personal support and exceptional service.

Let us work for you! To learn more about the entire scope of accounting, bookkeeping and tax services offered by Ellen H. Friestad CPA, and how we can minimize your taxes, contact us now.

Services

Accounting and bookkeeping

Running your business will be so much easier when your books are in order. Services include controllership oversight, training, deciphering management reports, along with the following:

  • General ledger cleanup and maintenance
  • Bank reconciliations
  • Form 1099 preparation
  • Sales tax preparation

Tax Planning and Preparation

Tax legislation is ever changing. Whether your tax needs are simple or complex, related to an individual, business, trust, compliance, or consulting, at our CPA firm we will provide the tax planning and preparation services that cater to your needs.

  • Federal, state, and multi-state income tax preparation
  • Tax projections – analysis of the tax impact on financial decisions
  • Implementation of tax minimization strategies
  • Fiduciary returns for estates and trusts

Trust Accounting

Our CPA firm specializes in the preparation of trust accounting reports. Trust accounting reports are prepared following the California Probate Code reporting format.

The trustee of an irrevocable trust owes a duty to account (report) to the beneficiaries. The trust accounting report starts with the assets owned by the trust at date of death. Then, every transaction is reported – complete transparency of all activities the trustee is responsible for. Last, the calculation of monies due to a beneficiary.

Our goal is to guide to the trustee during the financial reporting process to the beneficiaries and taxing agencies. Bottom line, assisting the trustee for a smooth process of a complex situation.

Professional Associations

  • American Institute of Certified Public Accountants
  • California Society of CPA’s
  • BNI – Business Network International

Industries

  • Professionals & Service Industries
  • Fiduciary
  • Commercial Real Estate
  • Retail
  • Insurance Brokers
  • Clergy – Individual