Bookkeeping service
X-llence Accounting Services
Specializes in
Languages
Individual 1040
$300 — $500
1040 + Self-Employment
$500 — $800
Business Return
$750 — $1,400
AICPA national averages — Peabody hasn't published exact rates. Get a personalized quote for accurate numbers.
Elaine Haraktsis, CPA operates from 9 Roycroft Rd, Peabody, MA 01960 in Peabody, Massachusetts. The firm is registered with the Massachusetts Board of Public Accountancy. The preparer is registered with the IRS via the Preparer Tax Identification Number (PTIN) system to file federal returns on behalf of clients.
Reported areas of practice include Bookkeeping. On Google Business Profile, the firm is categorized as a bookkeeping service. Public Google reviews show a 5-star rating across 31 ratings.
For taxpayers in Peabody, 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.
X-llence Accounting Services is a tax professional firm situated in Peabody, Massachusetts, dedicated to serving individuals and businesses in the local area and surrounding communities. The firm operates with a clear focus on providing essential financial support, leveraging its expertise as a tax professional. A primary specialization of X-llence Accounting Services is comprehensive bookkeeping. This includes assisting clients with maintaining accurate and organized financial records, which is fundamental for effective financial management and compliance. By focusing on bookkeeping, the firm helps clients ensure their financial data is meticulously recorded and readily available. This foundational support is crucial for informed business decisions and streamlines the process of preparing for tax obligations. Clients can expect a committed approach to managing their financial data, allowing them to focus on their core activities with confidence in their financial record-keeping.
X-llence Accounting Services specializes in providing thorough bookkeeping services. This core offering is designed to help individuals and businesses maintain accurate and organized financial records. Bookkeeping encompasses a range of vital tasks, including the systematic recording of all financial transactions, such as sales, purchases, receipts, and payments. The firm assists clients with managing their general ledger, ensuring that accounts are properly balanced and reconciled. This involves tasks like bank reconciliations, where bank statements are matched against the company's cash accounts to identify and resolve discrepancies. Furthermore, bookkeeping services include the preparation of financial statements, such as income statements and balance sheets, which provide a clear snapshot of an entity's financial health at a given time. X-llence Accounting Services helps clients track accounts receivable to ensure timely collection of payments and manage accounts payable to keep track of obligations to suppliers. Proper bookkeeping is essential for monitoring cash flow, identifying financial trends, and making informed business decisions. It also forms the critical foundation for accurate tax preparation, allowing for a smoother and more efficient process when it comes time to file. The firm's focus is on ensuring clients have reliable financial data to support their operations and meet their reporting requirements.
To begin bookkeeping services, we typically request access to your financial records, such as bank statements, credit card statements, sales invoices, purchase receipts, and any payroll information. Providing organized documentation helps us efficiently set up and maintain your accounts.
We start with an initial consultation to understand your specific bookkeeping needs and current financial setup. This helps us tailor our approach to best support your business or individual financial record-keeping requirements.
Turnaround times can vary depending on the volume and complexity of transactions. We work with clients to establish a regular schedule, such as monthly or quarterly, to ensure timely and accurate processing of your financial data.
Yes, well-maintained books are the foundation for accurate tax preparation. Our bookkeeping services ensure your financial data is organized and reconciled, significantly streamlining the process when it's time to file your tax returns as a tax professional.