Certified public accountant
Terranova & Associates CPA, LLC
Specializes in
Languages
Individual 1040
$300 — $500
1040 + Self-Employment
$500 — $800
Business Return
$750 — $1,400
AICPA national averages — Danvers hasn't published exact rates. Get a personalized quote for accurate numbers.
Thomas Terranova, CPA operates from 150A Andover St #11C, Danvers, MA 01923 in Danvers, 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 Tax Preparation, and Bookkeeping. On Google Business Profile, the firm is categorized as a certified public accountant. Public Google reviews show a 4.9-star rating across 251 ratings.
For taxpayers in Danvers, 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.
Terranova & Associates CPA, LLC is a Certified Public Accountant firm situated in Danvers, Massachusetts. The firm is dedicated to providing professional financial services to individuals and businesses within the local community and its surrounding regions. As CPAs, Terranova & Associates focuses on delivering precise and reliable support in critical areas of financial management. Their core specializations encompass comprehensive Tax Preparation services, which are designed to assist clients in understanding and complying with current tax regulations, ensuring accurate and timely filings for various entities. Furthermore, the firm offers essential Bookkeeping services, providing foundational financial record-keeping that supports operational clarity, facilitates informed business decisions, and maintains organized financial health throughout the year. This focused approach enables Terranova & Associates CPA, LLC to serve a diverse clientele seeking expert accounting assistance for their annual tax obligations and ongoing financial management requirements, helping them navigate complex financial landscapes with confidence.
Terranova & Associates CPA, LLC provides specialized services in Tax Preparation and Bookkeeping, offering foundational support for both individual and business financial needs. Tax Preparation: This service involves the meticulous preparation and accurate filing of various tax returns for individuals, small businesses, and other entities. It includes the systematic gathering of necessary financial information, precise calculation of tax liabilities, and the identification of applicable deductions and credits to optimize outcomes within legal frameworks. The firm ensures compliance with federal, state, and local tax laws, aiming to accurately complete and submit all required tax documents to the relevant authorities. This process helps clients meet their annual obligations, understand their tax situation, and avoid potential penalties, providing peace of mind during tax season. Bookkeeping: Our bookkeeping services are designed to maintain accurate, organized, and up-to-date financial records for businesses. This typically involves recording all financial transactions, efficiently managing accounts payable and receivable, performing regular bank reconciliations, and generating essential financial reports such as income statements and balance sheets. Proper bookkeeping provides a clear and current picture of a business's financial health, supports effective budgeting and cash flow management, and significantly simplifies the year-end tax preparation process. It ensures that all financial data is systematically tracked and categorized, offering valuable insights for operational management and strategic planning throughout the fiscal year.
We welcome inquiries from prospective new clients for our tax preparation services. Please contact our office to discuss your specific needs and to determine how we can assist you.
For tax preparation, please bring all relevant income statements (W-2s, 1099s), deduction records, and any other financial documents pertaining to the tax year. A detailed checklist can be provided upon scheduling.
Protecting your financial information is a priority. We adhere to professional standards and utilize secure methods for handling and storing all client data, ensuring confidentiality.
Yes, we utilize electronic filing for tax returns whenever possible and appropriate. E-filing offers a secure and efficient way to submit your returns to the IRS and state tax authorities.