Perfect Balance Accounting

10/22/2026

👨‍👩‍👧‍👦 Good news for families in 2026! 💰

Recent tax law changes could mean more savings for you and your family! From increased tax credits to expanded savings opportunities, there are several updates worth knowing about.

✅ Higher Tax Credits: The Child Tax Credit remains at $2,200 per qualifying child, and the Earned Income Tax Credit has increased.

✅ More Support for Families: Expanded benefits for dependent care and adoption expenses could help offset costs.

✅ New Savings Opportunities: Updated rules for children's savings accounts and 529 plans offer more flexibility for the future.

💡 Understanding these changes now can help you make smarter financial decisions when tax season arrives!

At Perfect Balance, we're here to help you stay informed and prepared.

📖 Read the full article at https://perfectbalancebooks.com/newsletter/recent-tax-law-changes-expand-family-tax-benefits-for-2026/

09/28/2026

🚌 Don’t miss the bus on back-to-school tax savings! 📚

Here are 3 education tax benefits worth knowing about:

1️⃣ American Opportunity Tax Credit (AOTC): Up to $2,500 per eligible student, with up to $1,000 potentially refundable.
2️⃣ Lifetime Learning Credit (LLC): Up to $2,000 per tax return for eligible education expenses, including qualifying job-skill courses.
3️⃣ Educator Expense Deduction: Eligible K–12 educators may be able to deduct qualifying out-of-pocket classroom expenses without itemizing.

Want to make sure you’re not leaving potential tax savings on the table? Read our full guide 👇
https://perfectbalancebooks.com/newsletter/dont-miss-the-bus-on-back-to-school-tax-benefits

07/27/2026

Big news for small business owners and freelancers: Your 1099 tax paperwork just got a whole lot lighter! 📋✨

Thanks to new regulations passed by Congress, the IRS is raising the reporting thresholds for several key 1099 forms starting this year.

Here’s what you need to know:

🔹 1099-NEC & 1099-MISC: The long-standing $600 threshold is increasing to $2,000 for payments made in 2026 (and will adjust for inflation in future years).
🔹 1099-K (Payment Processors): Rules have reverted to pre-2024 standards — you’ll generally only receive one if you exceed 200 transactions AND $20,000 on a single platform like Venmo or PayPal.
🔹 What DIDN'T change: Low-threshold items like dividends, interest, and royalties still kick in at $10.

⚠️ Remember: Less paperwork doesn't mean less tax! Even if a contractor doesn't reach the $2,000 mark for a 1099, all business income and expenses must still be reported accurately.

At PBA, we specialize in providing personalized accounting solutions to help you achieve your financial goals. Whether you're a small business owner or an individual seeking tax assistance, our experienced team is here to guide you every step of the way.

07/04/2026

Wishing you a fantastic and safe 4th of July from all of us at Perfect Balance Accounting! 🇺🇸

We hope your holiday is perfectly balanced with relaxation, great company, and celebration. Our offices are taking a short break so our team can enjoy the festivities with loved ones. Happy Independence Day! 🎇🍔

05/25/2026

Today, we pause to honor and remember the brave men and women who made the ultimate sacrifice for our freedom. Their service represents a debt we can never fully repay, but one we will always honor.

Wishing you and your family a meaningful and reflective Memorial Day. 🇺🇸❤️🤍💙

04/24/2026

Take a deep breath... the April 15th rush is over! 🧘‍♂️✨

Whether you crossed the finish line on time or filed an extension to buy some breathing room, now is the perfect time to organize your books for the rest of 2026. Don't wait until next April to feel this stressed again!

From QuickBooks setup to year-round tax planning, we’re here to help you find your financial Zen.

Let’s chat!

04/05/2026

Hopping into your feed to wish you a very Happy Easter! 🐇 🌷

Just like a perfectly reconciled ledger, may your holiday be filled with balance, joy, and zero "unexpected expenses." Whether you're hunting for eggs or just hunting for a little relaxation, we hope your day is a total asset to your weekend.

From all of us at Perfect Balance Accounting Services, have a wonderful day filled with family, friends, and maybe a few chocolate-covered dividends! 🍫 📊

04/03/2026

🛑 TAX FILER URGENT NOTICE: Don't let a small postal change cause a big IRS headache.

Starting this season, the USPS has updated its rules (DMM 608.11). The postmark on your mail no longer reflects the day you dropped it in the blue box; it reflects when it first hits a regional sorting facility.

This is critical: If you wait until April 15th to mail your tax return, it might not get stamped until the 16th (or later). That makes your return legally LATE, risking penalties and interest.

The IRS relies solely on the postmark date. The "I dropped it in the box on time" excuse will no longer work.

Why take a chance on a mailing delay or stand in a long post office line for a hand-stamp?

Let PBA handle your taxes. You avoid the stress, avoid the lines, and ensure your taxes are prepared correctly and submitted with zero postmark risk.

Book your consultation today and experience a stress-free tax season!