Racine, Wisconsin
A full outsourced finance department for $500K–$10M growth companies across Racine County and Southeast Wisconsin — bookkeeping, payroll, tax, and fractional CFO.
Owned & led by Vince Petrescu, CPA, CGMA, MBA →
410 Main St
Downtown Racine, WI 53403
Under 2 weeks
Monthly close target
Triple ISO
Certified management system
Ivette Camarano
Managing Director, Racine
Accounting in Wisconsin carries rules a firm in another state simply does not deal with.
Wisconsin lets a tax-option S corporation or a partnership elect to be taxed at the entity level at 7.9%, which moves the state tax above the line and out from under the federal SALT cap. It is an annual election with real trade-offs, and it wants modelling against each owner’s own return before the box is ticked.
2023 Wisconsin Act 12 repealed the tax on business personal property effective January 1, 2024, and the Statement of Personal Property is no longer filed. Books still carrying a personal-property accrual are carrying a liability that does not exist. Manufacturers still file their M-form real-property returns with the Department of Revenue, which is a different obligation people routinely conflate with the repealed one.
Racine County makes things, and the Manufacturing and Agriculture Credit takes Wisconsin tax on qualified production income close to zero. It only applies if the property is classified as manufacturing by the Department of Revenue and the income is computed on the right base. The classification and the annual filings are the work; the credit is the result.
Wisconsin has income tax reciprocity with Illinois, Indiana, Kentucky and Michigan, so a Racine employer with Illinois-resident staff takes Form W-220 and withholds Illinois tax only — while unemployment insurance follows its own rules, because reciprocity does not reach UI. Selling south of the line raises a separate nexus question. And Racine County has levied its own 0.5% sales tax on top of the 5% state rate since April 1, 2025, for 5.5% in total.
Cost of goods manufactured, inventory valuation, and the Manufacturing & Agriculture Credit classification for the shops and suppliers along the I-94 corridor between Racine and Kenosha.
Work-in-progress schedules, retainage, and the Wisconsin construction lien deadlines under ch. 779 for contractors working Racine, Kenosha and Walworth counties.
Payer-mix tracking, Wisconsin ForwardHealth Medicaid reimbursement, and DSPS licensing for practices across Racine County.
Utilization, project P&L and owner distributions for the firms, agencies and consultancies working downtown Racine and Mount Pleasant.
Meet your Racine contact
Managing Director, Racine Location — Racine, WI
A local business should be able to put a name to whoever is keeping its books. Everything Racine runs on is backed by the firm's whole bench — the same close process, the same review, the same management system — and you deal with one named person.
Also at the Racine location
Crisis, Financing & Partnering Services — Racine, WI
Crisis, financing and partnering work for Racine clients — the engagements that go beyond keeping the books, handled alongside the same bench and the same management system.
Strategic finance leadership without the full-time hire.
Clean books, monthly close, audit-ready every quarter.
Federal, state, multi-state nexus. Filed on time, always.
Multi-state, 1099s, year-end W-2s. Done.
Invoice in, payment out. Cash flow visibility, every day.
13-week rolling forecast. Know your runway. Know your room.
Serving
Racine · Mount Pleasant · Sturtevant · Caledonia · Kenosha · Union Grove · Burlington · Waterford · Franksville · Somers
Across Racine County and Southeast Wisconsin. If you are just outside it, ask anyway.
No. Most of the work happens through a secure document exchange and the monthly close conversation happens on a call, so plenty of clients never sit down with us. If you would rather meet in person, 410 Main St is there and you are welcome.
Our sweet spot is $500K–$10M in revenue with roughly 5 to 50 employees — big enough that the books matter, not yet big enough to carry a full in-house finance department.
Yes. Wisconsin income, withholding and sales tax, the pass-through entity-level election, and multi-state returns where you have nexus — including the Illinois reciprocity and withholding question that comes with being this close to the border.
Full outsourced accounting starts at $650/mo with fixed monthly pricing — no hourly surprises. What it lands at depends on transaction volume, entity count and how far behind the books are, and we will tell you the number before you commit to anything.
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