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John Parrella, CPA

Accountant

5.0(5 Google reviews)
127 Main St, Medway, MA 02053
IRS-Verified CPA

Liscombe And Parrella PC

Specializes in

Bookkeeping

Languages

English

Estimated Tax Prep Pricing in Medway

Individual 1040

$300$500

1040 + Self-Employment

$500$800

Business Return

$750$1,400

AICPA national averages — Medway hasn't published exact rates. Get a personalized quote for accurate numbers.

About John Parrella

John Parrella, CPA operates from 127 Main St, Medway, MA 02053 in Medway, Massachusetts. The firm is registered with the Massachusetts Board of Public Accountancy. As a CPA licensed in Massachusetts, the practice is authorized to provide attestation, tax representation, and advisory services within the state's regulatory framework.

Reported areas of practice include Bookkeeping. On Google Business Profile, the firm is categorized as an accountant. Public Google reviews show a 5-star rating across 5 ratings.

For taxpayers in Medway, the firm handles federal Form 1040 returns, Massachusetts state income tax filings, and supporting schedules for self-employment, investment income, and rental property. Common engagements at this credential level also include estimated tax planning, prior-year amended returns, and IRS notice response.

More about John Parrella

Liscombe And Parrella PC is a Certified Public Accountant (CPA) firm located in Medway, Massachusetts. The firm provides professional accounting services, drawing on the expertise and ethical standards associated with the CPA credential. Serving the local community and surrounding areas, Liscombe And Parrella PC assists individuals and businesses in navigating their financial responsibilities. As CPAs, the firm is committed to accuracy, integrity, and providing reliable financial guidance. Clients seeking professional support for their accounting needs can engage with Liscombe And Parrella PC. The firm's operations in Medway allow it to offer accessible, localized service, focusing on practical solutions for financial management. Liscombe And Parrella PC aims to be a trusted resource for those requiring professional accounting assistance in the Medway, MA region, upholding the principles of the CPA profession in all its engagements.

Services John Parrella offers

Liscombe And Parrella PC specializes in providing comprehensive bookkeeping services for businesses. Effective bookkeeping is fundamental for maintaining accurate financial records, which are essential for informed decision-making and compliance. Our approach to bookkeeping involves systematically recording all financial transactions, including sales, purchases, receipts, and payments. This meticulous process ensures that every financial activity is properly documented and categorized. Beyond basic transaction recording, our bookkeeping services extend to managing accounts payable and receivable, reconciling bank statements, and preparing financial reports. We help clients keep track of who owes them money and whom they owe, ensuring timely payments and collections. Bank reconciliations are performed regularly to match the firm's financial records with bank statements, identifying any discrepancies and ensuring the accuracy of cash balances. The financial reports generated through our bookkeeping services, such as income statements and balance sheets, provide a clear snapshot of a business's financial health. These reports are crucial for internal management, allowing business owners to understand their profitability, assets, and liabilities. Furthermore, well-maintained bookkeeping records are vital for tax preparation, simplifying the process and helping to ensure compliance with tax regulations. Liscombe And Parrella PC aims to provide organized and reliable bookkeeping, allowing clients to focus on their core business operations with confidence in their financial data.

Areas served

Medway, MABellingham, MAFranklin, MAMillis, MAHolliston, MANorfolk, MA

Frequently Asked Questions

What is the primary benefit of professional bookkeeping for my business?

Professional bookkeeping ensures accurate and organized financial records. This helps in making informed business decisions, managing cash flow effectively, and simplifying the process of tax preparation.

How often should my business's financial records be updated?

The frequency depends on your business's transaction volume. For most businesses, regular updates, whether weekly or monthly, are crucial to maintain current and accurate financial insights.

Can Liscombe And Parrella PC help reconcile my business's bank accounts?

Yes, reconciling bank statements is a core component of our bookkeeping services. We ensure that your business's financial records match your bank statements, identifying and resolving any discrepancies.

What kind of financial reports can I expect from bookkeeping services?

Through our bookkeeping services, you can expect reports such as income statements and balance sheets. These provide essential summaries of your business's financial performance and position.

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Data sourced from Massachusetts Board of Public Accountancy. Profile not verified by TaxScout.

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