Tim Torres
CPA, MAcc, Principal
"Develop an attitude of gratitude and surround yourself with people who inspire you."
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Tim Torres, a Principal at WilkinGuttenplan, has been with the firm since 2015 and brings extensive tax and advisory services expertise. He is dedicated to providing exceptional client experiences, particularly within the Pharmaceuticals and Life Sciences, Closely Held Businesses, and Emerging Entrepreneurs industries.
As an active member of WilkinGuttenplan’s Pharmaceuticals & Life Sciences group, Tim collaborates with companies at all stages of growth—from early development to commercial distribution. He specializes in income tax accounting (ASC-740) and provides strategic guidance to help organizations navigate the complexities of this dynamic industry.
Tim’s expertise extends to consulting and compliance for corporate and closely held businesses with multi-state and international operations. He is adept at identifying and securing federal and state-level credits and grants for organizations and their shareholders, optimizing financial outcomes. His strong focus on mergers and acquisitions (M&A) includes both buy-side and sell-side transactions, where he delivers insightful analysis and tailored strategies to ensure successful outcomes.
Dedicated to supporting professional growth, Tim values mentoring and developing team members throughout their careers, assisting them in building technical expertise and leadership skills. Prior to joining WilkinGuttenplan, he served as a senior tax accountant at a boutique accounting firm, where he provided specialized tax services to clients in the Real Estate and Thoroughbred industries.
Tim’s comprehensive knowledge and client-focused approach make him a trusted advisor for businesses seeking strategic tax solutions and long-term success.
Licenses & Certifications:
- CPA License: New Jersey
Professional and Civic Achievements:
- Member of the New Jersey Society of Certified Public Accountants (NJCPA)
- Member of the American Institute of Certified Public Accountants (AICPA)
Education:
- Tim graduated with a Bachelor of Science in Business Administration and a Masters of Accountancy from Rider University. He continues his education through regular continuing professional education (CPE) and educational seminars.
Q&A
What motivates you?
On a personal level, I am motivated by the desire to make a meaningful, positive impact on my family and friends. Their support and well-being drive everything I do.
Professionally, I am inspired by the entrepreneurs and C-suite executives I have the privilege to work with daily. Each challenge presents an opportunity to collaborate alongside some of the brightest minds in the industry, fueling my passion for problem-solving and growth.
What excites you most about the future of your industry?
Interestingly, the very issue that concerns me the most also excites me the most: the pipeline challenge in public accounting. While it presents a problem, it’s also a tremendous opportunity to attract top talent. Our profession has historically struggled to showcase the incredible professional, financial, and personal growth it offers. My goal is to help change that narrative.
What’s your proudest professional achievement?
In chronological order:
- Passing the CPA exam, which I wrote about here, and
- Having the immense honor to call myself Partner alongside the brightest and most talented individuals public accounting has to offer
If you had a theme song, what would it be?
The Ocean by Led Zeppelin
