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About Us

Our Mission:

Complete Customer Satisfaction. We all have to pay taxes, but our mission is to help clients maintain a strong and accurate accounting system while taking a proactive approach to their future. This requires open communication and an understanding of our clients’ needs, so that, through research and sound analysis, your goals are met. We are dedicated to meeting these goals with high standards of excellence and professionalism.

Our Philosophy:

Education is a powerful tool. We believe that by educating our clients about business in general and about accounting in particular, that we empower our clients and enable them to take charge of their future.

Meet Our Team:

Thomas D. Terranova, Jr., CPA, PFS
Managing Partner (978) 774-7700 ext 104

Growing up in East Boston – family has always been extremely important to Tom. He graduated from St. Dominic Savio High School and entered Boston College as a pre-med student in 1982. After a little change of heart, he changed career paths and enrolled in Bentley College in 1984. Tom’s been a go-getter from a young age and after college he wasted no time completing his internship and passing the CPA exam. In 1990, four years out of college, he opened Terranova & Associates. Along with Sylvie, his lovely wife of 20+ years, Tom has been building a CPA business that has served not only the communities in and around Boston and on the North Shore for over 20 years, but also clients in London, Germany, Bermuda and even Indonesia. With two children studying business courses at Bryant University, there’s always a chance that another member of the family will be keeping the company going for decades to come.

The Technical Stuff...

Tom graduated from Bentley College in 1986. He’s a member of the AICPA, MAPA and the MSCPA. And – if you’re a Snowbird – No Problem - Tom’s also certified in Florida! He’s not only a CPA, but also a Personal Financial Specialist (PFS) and he holds Series 6, 63 and 65 investment licenses. Tom’s other licenses include Property / Casualty / Life / Annuity / Health. And, as if that wasn’t enough, he’s also a Real Estate Broker and a licensed Mortgage Loan Originator.

When he’s not in the middle of Tax Season…

If you’ve got children who play football in the Cape Ann Football League – maybe you’ve been over to the Lynnfield Middle School Field. Tom’s been the Lynnfield Commissioner for 7 years and he was a Coach for 4 years – and he’s been known to work the grill at the Snack Shack, too. In the midst of all that football, he’s still trying to find a little more time to work on his Golf game. He’s also Co-Chairman of the Lynnfield Recreation Committee – having just been on the committee that put together the latest successful “Father / Daughter Dance”. And, he’s a member of the Ancient and Honorable Artillery Company of Massachusetts.

Education / Training

Bentley College – 1986 – Bachelor of Science in Accounting, and a Minor in Management

Professional Affiliations

CPA – Certified Public Accountant
PFS – Personal Financial Specialist AICPA – American Institute of Certified Public Accountants
MAPA – Massachusetts Association of Public Accountants
MSCPA – Massachusetts Society of Certified Public Accountants
MLO – Mortgage Loan Originator NMLS# 8569

Jit Lee Billings, CPA
Managing Partner (978) 774-7700 ext 102

Jit Lee joined Terranova & Associates in 2001 – and she did quite a bit of traveling to get here! Born and raised in Kuala Lumpur, Malaysia – she also spent time in Toronto, Canada, and studied in Australia. Always the techie at heart she keeps not only the company up to date on all the latest software, but also helps out with all of the clients, too. While studying at Adelaide University in Southern Australia, she met her husband Mike. After getting married in 2001, they moved to Lynnfield, and they have an adorable 3 year old that keeps them both active!

The Technical Stuff...

Jit Lee graduated from Adelaide University in 2000, and got her CPA license in 2005. Certified as a Quickbooks ProAdvisor, and a specialist with Payroll Services, she’s been instrumental in helping our Corporate clients achieve continued success. And, she’s on hand to translate if you speak Mandarin or Malaysian.

When she’s not in the middle of Tax Season…

Jit Lee spends TONS of Quality time with her son! She enjoys baking and reading. The occasional trip back to see the rest of the family in Malaysia is always in the works – because Grandma is always happy to see her grandson.

Education / Training

Adelaide University – Bachelor of Science in Accounting – 2000
Certified Quickbooks Pro Advisor

Professional Affiliations

CPA – Certified public Accountant

Our Team:

Jeremy—Dee—Jit Lee—Tom—Huy—Sylvie—Wayne