Beginning in 2026, the 1099-NEC threshold increases to $2,000. Learn what business owners should know about contractors, W-9s, and recordkeeping.

Starting in 2026, those taking the standard deduction may be eligible to deduct up to $1,000 (single) or $2,000 (married filing jointly) in cash contributions to qualified organizations. Keep thorough records of your donations now to ensure a smoother tax season, and connect with us before December 31 to strategize your year-end giving.

Learn how business financial reports can help you make informed decisions, understand your numbers, and confidently plan for the future.

Minnesota homeowners may soon see larger property tax refunds than originally expected due to a recent increase announced by the Minnesota Department of Revenue. At Perfectly Balanced Accounting and Tax Services, we automatically review property tax statements for all Minnesota resident clients each year to identify refund opportunities.

Perfectly Balanced is upgrading to Xero, Sure Payroll, and a secure client portal. Learn what these system improvements mean for your accounting services.

The IRS has announced a mid-year increase to the business mileage rate, raising it from 72.5¢ to 76¢ per mile, effective July 1, 2026. Because of this mid-year shift, businesses must now track the specific dates of travel to ensure accurate reimbursement and tax reporting. Discover how to update your mileage logs and prepare your business to avoid potential headaches during year-end processing.

Wondering if you can get IRS penalties refunded from COVID? Learn who may qualify under the Kwong case and why the July 10, 2026 deadline matters.

Why a Mid-Year Business Check-In Matters for Small Business Owners

A 15 minute tax consult gives you clear, personalized answers to common tax questions so you can understand your situation and make informed decisions.

Does a tax extension give me more time to pay? Learn what an extension really covers and why tax payments are still due on time.

In Southwest Minnesota, tax work is often treated as a once-a-year task. Documents are gathered. A return is filed. The process is complete until next season. That approach works for filing. It does not always work for understanding. That gap is where year-round tax planning support in Southwest Minnesota becomes relevant.

Learn 5 signs your business might need fractional CFO services and how financial strategy can help business owners make better financial decisions.

QuickBooks training in MN helps Minnesota business owners use the right QuickBooks features in 2026 to stay organized and confident.

Monthly bookkeeping services create real-time visibility, helping Minnesota businesses avoid costly cleanup fees, prevent missed deductions, and stay compliant with deadlines. Clean financial statements allow for proactive planning, smarter decisions, and real tax savings before year-end.

Choosing a business entity in Minnesota? Learn sole member, partnership, C Corp, and S Corp election basics for tax planning.

New federal tax deduction for overtime (OBBBA). Understand the premium portion, income limits, and how to claim it on your return.

Shoebox vs. Digital? The way you keep records matters! See how we help business owners transition to a compliant, sustainable, and truly balanced financial system.

If You’ve Ever Said I’ll Give My Tax Preparer One More Chance, here’s what switching a Minnesota tax preparer really looks like.

Learn how the Minnesota K-12 Education Credit and deduction help families save on education costs with accurate, compliant filing support.

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