Business Details
37 Years
experience
Your Trusted Accounting Partner in Danvers, MA
Terranova & Associates has been delivering comprehensive accounting and financial services since 1989, combining decades of expertise with a client-centric approach. Our team of certified professionals specializes in tax preparation, bookkeeping, audit assistance, and strategic financial planning for individuals and businesses. We prioritize client education, empowering clients to make informed decisions while maintaining meticulous attention to detail and compliance.With over 30 years of experience serving local, national, and international clients, we have cultivated a reputation for reliability, technical proficiency, and personalized service. Our commitment to transparency, ethical practices, and continuous professional development ensures clients receive accurate, forward-thinking solutions tailored to their unique needs.
Services
Tax Preparation
Bookkeeping
Financial Planning
Audit Assistance
Payroll Processing
Business Consulting
vCFO Services
Details
- Year established: 1989
Highlights and features
- We offer over 30 years of experience in accounting and tax services.
- Our team includes Certified Public Accountants with specialized expertise.
- We provide personalized financial education to empower client decision-making.
- Comprehensive services from tax preparation to virtual CFO solutions.
- Proven track record serving local, national, and international clients.
Associations and certifications
- Certified Public Accountants (CPA)
What people say
Exceptional expertise
Knowledgeable team
Trusted advisors
Personalized solutions
Reliable service
Services
Tax Preparation
Our tax preparation services ensure accurate and timely filing for individuals and businesses. We handle federal, state, and local tax returns while identifying deductions and credits to minimize liabilities. With CPAs on staff, clients receive expert guidance through complex tax situations.
Bookkeeping
We provide organized bookkeeping solutions to maintain precise financial records. Services include payroll processing, financial statement preparation, and system optimization to improve business profitability and regulatory compliance.
Financial Planning
Our financial planning services help clients achieve long-term goals through retirement strategies, investment planning, and cash flow management. We create customized roadmaps aligned with individual and business financial objectives.
Audit Assistance
With decades of experience, we guide clients through tax audits with confidence. Our team prepares documentation, represents clients during proceedings, and implements corrective measures to resolve issues efficiently.
Virtual CFO
Our virtual CFO services deliver strategic financial leadership without full-time costs. We offer cash flow forecasting, financial modeling, and process optimization to enhance business performance and decision-making.
People
Thomas Terranova Jr.
Owner and Founder
CPA and PFS-certified founder with over 30 years of experience. Graduated from Bentley University, established the firm in 1989, and focuses on client relationships and comprehensive accounting solutions.
Yvonne Rep
Certified Public Accountant
CPA with a decade of expertise, QuickBooks certification, and international experience. Specializes in business accounting and client-focused financial strategies while maintaining a commitment to accuracy.
Thomas Terranova III
Senior Accountant
Senior accountant with a Master's in Taxation from Bentley University. Specializes in tax consulting and strategic planning, bringing technical expertise and a decade of hands-on experience to client services.
Sylvie Terranova
Staff Accountant
Co-founder with extensive bookkeeping experience. Provides practical solutions and client support while maintaining a focus on organizational efficiency and personalized service delivery.
Ida Terranova
Office Manager
Ensures operational efficiency as office manager. Coordinates team workflows and client interactions, combining organizational expertise with a commitment to exceptional client experience.
Questions
What accounting services do you offer for individuals?
We provide tax preparation, financial planning, and audit assistance tailored to individual needs.
Do you handle business accounting and payroll services?
Yes, we offer bookkeeping, payroll processing, and virtual CFO services for businesses.
How can I securely upload documents?
Use our website's 'Upload Files' feature under the 'For Clients' menu for secure transfers.
What payment methods do you accept?
We accept online payments and checks mailed to our Danvers, MA office.
Are you available for tax audit representation?
Yes, our CPAs provide expert audit assistance and representation for individuals and businesses.
Do you offer financial planning consultations?
Yes, we provide personalized financial planning consultations for retirement and investment strategies.
