The 2024 tax season is wrapping up, and while you might be tempted to file those documents away and forget about taxes for a while, your completed tax return holds valuable insights that can significantly benefit your 2025 tax planning. At Perfect Balance Accounting, we believe in using past data to optimize your future financial… Read More
Stay organized and avoid tax penalties with this guide to 2025 tax deadlines. Perfect Balance Accounting in Racine, Kenosha, & Southeastern Wisconsin provides key dates for individuals and businesses, including estimated tax payments, 1099 filings, and more. Contact us for expert tax preparation and planning.… Read More
An Interview with Laura DeGroot, Owner of Perfect Balance Accounting Laura DeGroot is no stranger to community involvement. As the owner of Perfect Balance Accounting, she not only leads her business with precision but also dedicates her time to various community roles, from serving as President of Racine Rotary to running local youth initiatives.… Read More
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