Ready to Reconcile in QuickBooks? How to Prepare It may be one of your least favorite accounting tasks. But account reconciliation is easier if you get ready for it.   There’s no question that account reconciliation is a dreaded chore. So much so that many small businesspeople simply don’t do it. QuickBooks’ reconciliation tools… Read More

At Perfect Balance, not only do you get a professional accounting team, but you can also choose to have one of our comprehensive services, Tax Planning. Tax planning is an analysis of your company’s financial situation that will ensure that all elements work cohesively to allow for you to pay the lowest taxes possible. Our… Read More

Cloud computing is a growing aspect of running any business. The practice of cloud computing is the ability to store and deliver services through the internet. These services can include data storage, servers, databases, networking, and software. Cloud-based storage is growing in popularity due to the ability to store and retrieve files from remote databases.… Read More

Fringe benefits are extra compensation employers may offer beyond regular wages. These benefits are generally not included directly in an employee’s payroll as they are not usually paid directly to the employee and sometimes may be harder to quantify. However, according to the IRS, most fringe benefits are taxable and must be reported on your… Read More

In 2020, there were 1.5 billion credentials stolen according to SpyCloud. These credentials were stolen during 854 security breaches (successful attempts by cybercriminals to gain access to restricted data without authorization). This is a 33% increase from 2019. How can this be prevented? Well, that is where the Zero Trust Model comes in. Using a… Read More

Job Description: Are you looking for a great company dedicated to client satisfaction? Perfect Balance is located in Mount Pleasant, WI and offers a wide variety of services including: Accounting, Tax preparation, Payroll services, QuickBooks accounting services & Business valuation. We are committed to providing excellent service for our clients and addressing any concerns or… Read More

Scammers use every opportunity to try and steal your money and your identity. During this COVID-19 “Safer at Home” time, they have ramped up their efforts. Here are some things to look for: Phone Scams  Government agencies like the Internal Revenue Service (IRS) and Treasury Department will NOT contact you by phone to collect information… Read More

What Affects Your Credit Scores? Behind the number itself (credit scores typically range from 300 to 850), there are five main factors used to calculate credit scores. Lenders use those scores to figure out how likely you are to pay back your debt—thus those scores are often the deciding factor in whether you will get… Read More

Every year, scams steal millions of dollars from unsuspecting people, as well as stealing their personal information. The scams are getting harder and harder to detect. Here are some of the things to watch for. 1. Social Security Numbers: Getting access to your social security number is the holy grail for scammers. Once they have… Read More

Final Rule: Overtime Update On September 24, 2019, the U.S. Department of Labor announced a final rule to make 1.3 million American workers newly eligible for overtime pay. The final rule updates the earnings thresholds necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay… Read More