Balanced Accounting LLC

Balanced Accounting LLC Balanced Accounting works with small business owners to keep their books balanced, allowing the owner to create more balance in their life.

"Life is like accounting, everything must be balanced." ~unknown Balanced Accounting provides full-service accounting for small businesses. Monthly service packages are customized to fit your business size and needs. We can also handle filing your business tax returns. While small business are our speciality, we also offer individual tax planning and preparation services.

April 15th came and went, you filed your taxes, and now you don't have to worry about your bookkeeping until next year.....
06/06/2026

April 15th came and went, you filed your taxes, and now you don't have to worry about your bookkeeping until next year...

Yeah, just know I've been kidnapped if you ever hear me say that seriously! 🤨

The *biggest* benefit of good bookkeeping is having up-to-date data to make decisions with all year long.

You still need to know how much money your business made in May.

You still need to know where you're spending the most money.

Treating your bookkeeping like it's optional until next year is exactly how you end up paying a premium for a last-minute clean-up, iykyk. 🥴

Here's the 4 things you need to do if you forgot to extend (and file) your tax return:→ File your return ASAP.This sound...
06/04/2026

Here's the 4 things you need to do if you forgot to extend (and file) your tax return:

→ File your return ASAP.

This sounds kinda self-explanatory, but the sooner you file, the more you can minimize your late filing penalties.

→ Pay what you can, even if it's not the full amount.

Paying a portion of your tax bill is better than paying nothing at all from a penalties perspective.

→ Set up a payment plan (if needed).

If you're struggling to pay your tax bill, you might be able to work something out with the IRS if you're otherwise in good standing.

→ Ask about penalty relief.

If it's your first time running into penalties, you may qualify for a First Time abate. It could also be worth looking into a reasonable cause relief in the right situation.

A bonus 5th step? Contact me, and I'll help you get your taxes sorted and navigate any IRS notices.

HOT TAKE: Data entry is a small part of my job.The real work comes in when I review + categorize your weird, one-off tra...
06/01/2026

HOT TAKE: Data entry is a small part of my job.

The real work comes in when I review + categorize your weird, one-off transactions.

It's when I know that you paying for school pictures from your business account was probably an accident.

And it's definitely when I catch that you started paying a new contractor last month, but I haven't gotten a signed W-9 on file for them.

Having a real human who understands the nuances of your businesses is sooo valuable, I'm here to help you truly understand the story your numbers are telling you.

If you feel like you've heard "ordinary + necessary" a billion times, it's because it comes directly from Section 162 of...
05/30/2026

If you feel like you've heard "ordinary + necessary" a billion times, it's because it comes directly from Section 162 of the tax code. ⚖️

If you want to write off a business expense, it needs to be both:

Ordinary → commonly accepted in your industry.

Necessary → helpful and appropriate for your business.

A stylist buying shampoo? That checks out. ✔️

An accountant buying designer shades because they sometimes work outside? Probably not gonna fly with the IRS. 🤨

Your bank account is GREAT at doing one thing: showing exactly how much money your business has at this point in time. 💰...
05/27/2026

Your bank account is GREAT at doing one thing: showing exactly how much money your business has at this point in time. 💰

But your P&L helps answer the hard-hitting questions, like:

"Is this business actually profitable?"

"How much can I afford to pay myself?"

"Where am I spending the most money in my business?"

If you want to take charge of your business, you need to be using BOTH of these things to inform your decisions.

**P&L is short for Profit & Loss, an important financial statement that shows how much you made and spent during a period of time😊**

The office is closed today for Memorial Day. Wishing you a safe holiday as we remember and honor those who served and sa...
05/25/2026

The office is closed today for Memorial Day.

Wishing you a safe holiday as we remember and honor those who served and sacrificed.

Hiring a new employee in a different state doesn't seem like that big of an issue in today's digital-first world... but ...
05/22/2026

Hiring a new employee in a different state doesn't seem like that big of an issue in today's digital-first world... but it can cause a huuuuge headache for your HR department (especially if that's just you).

Before the ink dries on that offer letter, you need to know if hiring in a new state means you need to:

→ Register to do business in a new state
→ Withhold state income tax
→ Register for that state's unemployment insurance
→ Worry about state income tax nexus

Hiring out-of-state workers is totally fine (as long as you do your due diligence to stay in compliance).

Consider this unofficial permission to buy that course you've been looking at *if* it helps you maintain or improve skil...
05/21/2026

Consider this unofficial permission to buy that course you've been looking at *if* it helps you maintain or improve skills for your business! 👀

Coaching programs, industry conferences, continuing education, and professional development courses could be deductible.

Here's where I see business owners get caught up: the education has to be for your *existing* business.

If you're getting an education or learning skills for a NEW business, that's not a write-off for your current business.

Small business owners are my people!They're willing to do the hard thing.The risky things.The thing that pushes them out...
05/06/2026

Small business owners are my people!

They're willing to do the hard thing.
The risky things.
The thing that pushes them outside their comfort zone.

Small business owners are persistent. Determined. Resilient. And honestly? A little crazy (me too😂).

They bet on themselves when there are no guarantees. They carry the weight of their families, employees, clients, and dreams all at once.

And even when it's hard, they keep showing up.

That's what makes small business owners so incredible.

Happy National Small Business Week to all the dreamers, doers, and risk-takers out there building somethingful meaningful every single day! 👏❤️

If you're a small business owner, drop your business in the comments. We'd love to show you some support!

Donate to a cause you believe in AND get a write-off?Sounds like a great deal for most taxpayers, but here are a few rea...
05/01/2026

Donate to a cause you believe in AND get a write-off?

Sounds like a great deal for most taxpayers, but here are a few reality checks:

In the past, you HAD to itemize your deductions in order to deduct your charitable contributions.

Starting in 2026, if you don't itemize, you can deduct up to $1,000 ($2,000 MFJ) of cash contributions to qualifying organizations.

Which brings me to my next point: not all charitable contributions are deductible.

Donations to an individual?

While they may have been charitable in nature, you can't deduct those.

And what about those tickets you bought for your favorite charity's gala?

The tax-deductible portion is the amount that exceeds any value you got from the tickets (like dinner + drinks).

Deducting your charitable giving can get tricky fast, but I'm here to make sure you don't mess it up!

Address

113 E Washington Street, Ste 2
Kirksville, MO
63501

Opening Hours

Monday 8:30am - 4:30am
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm

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