What are the opening hours?

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

Balanced Accounting LLC

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United States
Kirksville, MO
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.

07/14/2026

You'd think as a CPA, I'd be the world's biggest fan of starting an LLC...

And I do love that it separates you from your business and offers personal liability protection, but there's a lot I think business owners should know before they start filing LLC paperwork.

First, an LLC doesn't mean suddenly every expense you have is a write-off.

It doesn't automatically reduce your tax bill.

And it most definitely means you need to be on top of your bookkeeping game! 🔢

I see way too much misinformation on social media that tells you that starting an LLC is some secret tax hack to unlimited write-offs. In truth, opening an LLC can add additional compliance requirements, annual fees or filings depending on your state, and sometimes separate tax returns based on how your business is structured and taxed.

But if you want an LLC for the liability protection, flexibility for tax elections, and to make your business feel more legitimate, it might be the right move for you!

07/11/2026

If your business is a sole proprietor or you're taxed as a single-member LLC, how much you take in owner's draws doesn't change your tax bill.

You're taxed on your profit... NOT the money you transferred to your personal account. 💸

Leaving money in your business bank account doesn't hide it from the IRS (but it can be a smart way to manage cash flow).

Now, if you're taxed as an S corp, how + how much you pay yourself can have a huuuge effect on your taxes!

Not sure what applies to your business? Let's optimize your tax situation together! 🤗

07/09/2026

The IRS raised the standard mileage rate to a whopping 72.5 cents per mile for business use in 2026.

Here's what that does NOT mean ↓

If you're a entrepreneur who drove your personal car 10,000 miles, you can automatically deduct $7,250 for mileage on your tax return.

Not every mile you drive is deductible! Personal trips and your daily commute to work generally don't count.

Business mileage I typically see include picking up supplies, traveling to a conference, and meeting with a client.

The IRS wants you to keep a mileage log, including details from each drive, like:

→ the date
→ the business purpose
→ business miles driven (starting point + destination works)

Now, you don't *have* to use the standard mileage rate!

If you want to track all of your vehicle expenses (fuel, maintenance, insurance) and deduct your business-use portion of those, use the actual expense method instead.

Need help figuring out a system to best track your mileage? Message me!

07/07/2026

You don't have to go to extremes, like moving to Puerto Rico, to save a lot of money on taxes as a business owner.

These 3️⃣ tax moves are some of the lowest effort tax moves you can make to start saving more today.

Want a tax plan that's fully tailored for your business and your long-term goals?

Contact me to schedule a meeting.

07/04/2026

Sharing some HUGE news about charitable deductions ↓

In past years, charitable contributions used to only help taxpayers who itemized (aka didn't take the standard deduction) on their tax return.

But starting in 2026, taxpayers who take the standard deduction can ALSO deduct certain charitable contributions.

How much?

If you're single → up to $1,000.

If you're married filing jointly → up to $2,000.

This deduction generally applies to cash donations made to qualifying charities only. Gifts to individuals do NOT count.

And don't forget to save your receipts! 🧾

06/27/2026

This is gonna surprise you...

The number one reason small business owners hire me is NOT because they don't know how to do their bookkeeping.

It might not be right up their alley, but most small business owners can definitely figure out the bookkeeping basics.

The *real* reason they hire me?

I hear it over and over again:

"My time is better spent doing what I started this business for."

"I don't want to spend my verrrry limited free time doing my bookkeeping."

Even though bookkeeping might not be the best use of YOUR time, that doesn't mean it's not super important for your business!

It just means you shouldn't be the one doing it. Just leave it to me. 💙

06/25/2026

I'm very pro Roth IRA, but I'm also pro understanding how they work (and if they're right for you) before you open one.

They can be a great tax planning tool, and I recommend them for my clients all the time, as long as they make sense!

You need to fully understand the income limits, contribution caps, and withdrawal rules.

While Roth distributions can be tax-free, that only applies if you follow all the rules.

For my clients, I consider their current tax bracket, cash flow, whether they'll need access to those funds, and their long-term plans when I advise on retirement savings.

06/23/2026

Hot take 🔥

TurboTax is only as accurate as the answers you give it, and those answers can be a lot more than just checking Yes/No.

If you're asking for my help answering those questions, you're asking me to interpret your tax situation and make a judgment call. ⚖️

At that point, I might as well just prepare your whole return!

DIY tax software can be great if your return is simple, but if you have a business, multiple income streams, complex investments...

It's very easy to mess things up.

So no, I won't sit next to you while you use TurboTax, but I will happily take taxes off your plate completely! 😜

06/20/2026

"Hey, quick admin thing! Could you send me your completed W-9 for my records? Thank you!"

That's it. That's the text! 📲

If you're paying contractors (like a virtual assistant or social media manager), you may need to issue them a 1099-NEC.

To do this, you need their legal name and taxpayer ID... which comes from their W-9.

Ideally, you should get a new contractor's W-9 as part of your onboarding process before you ever pay them (but trust me I know this isn't always how it works in practice).

If they hesitate or ask why, just let them know it's an IRS requirement for businesses with contractors!

06/18/2026

If I had a dollar for every time a business owner asked me, "Can I deduct this meal?", I'd be eating steak every night! 🥩

Meals are tricky... the last thing we want is to give the IRS any reason to look at your business more closely.

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

Website

https://www.balancedaccounting.biz/

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