As the year draws to a close, it’s crucial to understand the distinction between tax planning and tax preparation. While many associate tax season with scrambling for receipts and documents, there’s much more to it. The difference between tax planning and tax preparation is simple: January 1st. At Perfect Balance Accounting, we offer both tax…… Read More

Important FAFSA News for Parents with Current or Prospective College Students (2024-2025) If you have a child heading to college or already enrolled, it’s crucial to understand the latest updates regarding the Free Application for Federal Student Aid (FAFSA®). As an accounting firm focused on helping businesses and individuals navigate complex financial matters, we want… Read More

2024 Annual Inflation Adjustments: What You Need to Know As a women-owned, local accounting firm serving the Mount Pleasant area, Perfect Balance Accounting is committed to keeping our clients informed about key tax changes. The IRS has recently announced the annual inflation adjustments for tax year 2024, impacting more than 60 tax provisions. These changes… Read More

We’re thrilled to welcome Nickolas Kaminski, or “Nick” as he prefers, to the Perfect Balance Accounting team! Nick joined us in September 2023, bringing a fresh perspective and a thirst for knowledge. Let’s get to know him better: Hometown Hero: Born and raised in Chicago, Nick recently settled in Trevor, WI with his wife. Though… Read More

As the new year unfolds, our team at Perfect Balance Accounting Services, LLC is deeply engaged in the intricate world of 1099 accounting. If you’ve entrusted us with your 1099 processing needs, you’re already familiar with our commitment to precision and efficiency. Understanding 1099 Forms: A Must For Every Business But first, let’s address a… Read More

Picture this: You’re the captain of your business ship, navigating through the tumultuous seas of entrepreneurship. You’ve got a vision, a mission, and a plan. But there’s one thing that often gets overlooked in your grand journey—the financial statements. You’re not alone in this; many business owners, especially those not fond of numbers, tend to… Read More

Welcome back to our empowering blog series on financial literacy! In our previous blog posts, “Demystifying Financial Statements and Notes“, “Helping Your Financial Data Literacy“, and “Leveraging Financial Data for Business Success,” we explored the foundational elements of financial literacy and the power of leveraging financial data for business success. Now, we delve deeper into… Read More

Welcome back to our empowering blog series on financial literacy! In our previous two blog posts, “Demystifying Financial Statements and Notes“ and “Perfect Balance Accounting Helps Your Financial Data Literacy,” we laid the groundwork for understanding essential financial concepts and the significance of financial statements and notes. Now, we take the next step on this… Read More

In the world of financial literacy, understanding financial statements is paramount. These powerful tools provide a window into the financial health and performance of your business! Perfect Balance Accounting Services helps clients gain a deeper comprehension of these statements and their accompanying notes. The notes are crucial to making informed financial decisions. In this blog… Read More

At Perfect Balance Accounting Services, we understand how financial literacy is a vital component for a business’s success. It encompasses the knowledge and skills required to comprehend and effectively manage the financial aspects of your business, including understanding the intricate relationship between your finances and the overall performance of your company. At Perfect Balance, we… Read More