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How Accurate Financial Statements Can Fuel Business Growth

Savvy business owners understand the importance of having a complete, up-to-date understanding of a business’ financial status. One of the most effective ways to accomplish this is through timely and accurate financial reports. When produced efficiently, financial reports provide a snapshot of financial data that not only reveals the health of your business but also […]

Written by prositesfinancialMay 31 • 2 minute read

9 Questions to Ask When Searching for a Business Accountant

A professional accountant plays an essential role in helping your startup achieve its strategic objectives. However, picking the right fit for your business isn’t always a straightforward affair. These questions will help you in the process of searching for a suitable business accountant: 1. What Are Your Credentials? Certified public accountants (CPAs) are among the […]

Written by prositesfinancialMay 24 • 2 minute read

Understanding the Difference Between FBAR and FATCA

When it comes to international tax reporting, you’ll undoubtedly come across these two acronyms: FATCA and FBAR. While both FATCA (Foreign Account Tax Compliance Act) and FBAR (Foreign Bank and Financial Account Reporting) are forms related to reporting foreign assets, investments, accounts, and income to the U.S. government, they have several notable differences. Depending on […]

Written by prositesfinancialMay 17 • 3 minute read

Personal Finance Tips for Young Professionals

Money management and financial planning topics don’t always get the attention they deserve. Many people regard personal finance as a sensitive subject best avoided in day-to-day conversations. However, it’s a crucial topic that significantly impacts everyone’s long-term success story. As a young professional looking to build a better future for yourself, there’s a lot to […]

Written by prositesfinancialMay 10 • 3 minute read

Top 5 Tips for First-Time Investors

Inflation is marching forward at a dizzying pace. In the last year, it’s risen to an alarming 4.5% and higher, so that savings account you rely on for your financial security is constantly being outpaced. One important strategy to outrun inflation is putting your money to work through intelligent investments. If you’re a first-time investor, […]

Written by prositesfinancialMay 3 • 3 minute read

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