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How to Build Generational Wealth

If you look at the world’s wealthiest people, you’ll find that many of them were born into wealthy families. But regardless of your background, you can make smart decisions today to build wealth, grow it, protect it, and pass it down to your loved ones for generations to come. Generational wealth comprises financial assets, such […]

Written by prositesfinancialJan 26 • 2 minute read

8 Common Life Changes That May Impact Your Taxes

Fluctuating taxes are one of life’s certainties. Legislative changes can reduce or increase the amount of taxes you owe, but that isn’t the only factor that can alter your tax situation. A variety of life events can impact your tax liability by altering your filing status, changing your tax bracket, or making you eligible for […]

Written by prositesfinancialJan 19 • 3 minute read

Top Tips for Separating Business and Personal Expenses

As a first-time business owner, you might be unfamiliar with the concept of separating personal and business expenses. Mixing the two not only makes it hard to determine your business’ financial health but also causes tax complications. Other than cost savings, separating your expenses shields you from personal liability in case of a lawsuit against […]

Written by prositesfinancialJan 12 • 2 minute read

Cash vs. Accrual: Which Accounting Method Is Right for Your Business?

Precise accounting is a critical component of running a successful business. There are two primary accounting methods you can use as a small business owner: cash and accrual accounting. Even if you don’t handle your own accounting and bookkeeping tasks, it’s vital to know how each of these accounting methods works so you can choose […]

Written by prositesfinancialJan 5 • 2 minute read

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