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 we deal with clients that feel they don’t get enough back, or the opposite – the IRS is holding too much of our money. This is not a one size fits all answer. Take the time to check your withholdings every year. The IRA is providing a very useful Tax Withholding Estimator for… Read More
Every small business owner knows that running a successful small business is difficult. We want to remind our small business clients that claiming a home office deduction can help — and there are a couple of ways to do that. Do I Qualify for the Deduction? There are several ways to qualify for the home… Read More
Are you one of those people who is terrified of the IRS? Have a whole closet in your home dedicated to the last 20 years of tax returns? Scared to throw anything away? But is that reasonable? As far as taxes are concerned the IRS spells it out this way: The length of time you… Read More
The end of the year is approaching. There are two good things to review every year to help with your financial knowledge and growth. One is reviewing your social security statements. The other is to review your credit report. Social Security statements – receive a yearly Social Security statement. Good tool to have to estimate… Read More
Sound fiscal management and a strong economy have resulted in a state budget surplus of almost $400 million for the State of Wisconsin. Governor Walker and the State Legislature have determined that some of the surplus should be returned to the taxpayers in the form of a Child Sales Tax Rebate. It is a $100… Read More