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Thomas Petrocelli, CPA

Accountant

5.0(2 Google reviews)
599 North Ave, Wakefield, MA 01880
IRS-Verified CPA

Thomas Petrocelli, CPA, LLC

Specializes in

Bookkeeping

Languages

English

Estimated Tax Prep Pricing in Wakefield

Individual 1040

$300$500

1040 + Self-Employment

$500$800

Business Return

$750$1,400

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

About Thomas Petrocelli

Thomas Petrocelli, CPA operates from 599 North Ave, Wakefield, MA 01880 in Wakefield, 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 2 ratings.

For taxpayers in Wakefield, 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 Thomas Petrocelli

Thomas Petrocelli, CPA, LLC is a dedicated accounting firm located in Wakefield, Massachusetts. As a Certified Public Accountant, Thomas Petrocelli provides essential financial services, with a distinct focus on bookkeeping. This specialization indicates the firm's commitment to assisting both individuals and businesses in establishing and maintaining accurate, organized financial records. Clients engaging with Thomas Petrocelli, CPA, LLC can expect support in managing their daily financial transactions, including meticulous tracking of income and expenses, proper categorization of financial data, and regular reconciliation of accounts. This foundational work is crucial for understanding financial health, making informed decisions, and ensuring readiness for various financial reporting obligations. By concentrating on these core bookkeeping functions, Thomas Petrocelli, CPA, LLC aims to provide clarity and structure to clients' financial operations, serving the Wakefield community and its surrounding areas with reliable and precise financial record-keeping.

Services Thomas Petrocelli offers

Thomas Petrocelli, CPA, LLC specializes in providing comprehensive bookkeeping services. This fundamental financial offering involves the systematic and accurate recording of all financial transactions for businesses and individuals alike. Our bookkeeping support ensures that every financial event, from sales and purchases to receipts and payments, is meticulously documented and categorized. This meticulous process is crucial for establishing and maintaining an organized financial system, which serves as the backbone for sound financial management and regulatory compliance. Clients engaging with our bookkeeping services receive consistent and reliable tracking of their financial activities. This includes expert management of accounts payable, ensuring timely payment of obligations, and efficient handling of accounts receivable to monitor incoming funds. We also perform regular reconciliation of bank and credit card statements, verifying the accuracy of transactions and identifying any discrepancies. Furthermore, our bookkeeping prepares the groundwork for essential financial reports, such as income statements and balance sheets, providing a clear snapshot of financial performance and position. Effective bookkeeping offers valuable insights into cash flow, helps in identifying key financial trends, and supports the development of realistic budgets. It also forms the indispensable foundation for accurate tax preparation, ensuring that all relevant financial data is readily accessible and correctly classified. By managing these detailed and ongoing financial tasks, Thomas Petrocelli, CPA, LLC empowers clients to maintain financial transparency and accuracy, enabling them to concentrate on their primary endeavors with full confidence in the integrity of their financial records.

Areas served

Wakefield, MAReading, MAStoneham, MAMelrose, MALynnfield, MASaugus, MANorth Reading, MA

Frequently Asked Questions

Does Thomas Petrocelli, CPA, LLC accept new bookkeeping clients?

Yes, Thomas Petrocelli, CPA, LLC welcomes inquiries from prospective new clients seeking professional bookkeeping services. We encourage you to contact us to discuss your specific financial record-keeping needs.

What information should I prepare for bookkeeping services?

To begin bookkeeping services, clients typically provide bank statements, credit card statements, sales records, expense receipts, and any other relevant financial documents. We will guide you on the specific items needed.

How does the firm handle financial data and privacy?

As a CPA firm, we adhere to strict professional standards of confidentiality and data security. Your financial information is handled with the utmost care and kept private.

What is the typical turnaround time for bookkeeping tasks?

Turnaround times for bookkeeping tasks can vary depending on the volume and complexity of transactions. We strive to process information efficiently and will discuss expected timelines with you.

What is the pricing approach for bookkeeping services?

Our pricing for bookkeeping services is determined based on the scope of work and the frequency required. We provide transparent fee structures after assessing your specific needs during an initial consultation.

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

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