prositesfinancial

What You Should Know About Virtual Accounting

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]

Written by prositesfinancial • Dec 4 • 3 minute read

What is Financial Health?

Financial health refers to the overall state of your monetary affairs. It’s your ability to manage earnings, expenses, debts, wealth, and fiscal shocks. There are various ways to create financial health, including savings, retirement plans, and planning how you spend your income. If you can comfortably handle unexpected financial emergencies as well as short- and […]

Written by prositesfinancial • Nov 24 • 3 minute read

Using a 529 Plan To Save For College

A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits. 529 plans are quite versatile and they can be used for other things too, such as K-12 tuition bills. The Types of 529 Plans There are a couple of different types of […]

Written by prositesfinancial • Sep 3 • 4 minute read

Credit Card Negotiation Options and Risks

Credit card debt is one of the most pervasive financial issues faced by Americans, with the average credit card balance as of 2016 being $5,551. If paying off your credit card debt is proving to be a substantial challenge, or worse is making it difficult to pay critical household expenses such as groceries, rent, medical […]

Written by prositesfinancial • Apr 17 • 4 minute read

Why Dave Ramsey Might Just Be Right About Using Only Cash

The truth is, most of us just don’t have the self-discipline necessary to use credit cards responsibly. We live in an advertisement saturated consumer society that encourages us to spend, spend, spend at every possible opportunity, and everywhere we go. As a result, most Americans are up to their eyeballs in debt with the national […]

Written by prositesfinancial • Jan 7 • 4 minute read

Top 10 Easy Ways To Save Money Today

Many of us feel like we can never seem to make enough money to make ends meet. It might be drowning in credit card bills or trying to make a student loan payment, but there’s always a reason why we don’t have enough money. While it would be ideal to make more money at your […]

Written by prositesfinancial • Jan 7 • 4 minute read

Key Tips About Student Loan Debt

Overall, the need for student loan debt reform is clear. However, current economical conditions and increasing education costs don’t bode well for any significant changes in the near future. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much […]

Written by prositesfinancial • Jan 7 • 4 minute read

How To Begin Building Your Credit

Starting you credit history is the perfect opportunity to begin good spending habits. With over 45 million Americans you are not alone in this pursuit, and there is a method to the madness. There is so much information out there it may be hard to decide where to begin, but after a little research you […]

Written by prositesfinancial • Jan 7 • 4 minute read

What Can a Trust Pay For?

If you’ve recently set up a trust or have been named a trustee, you may find yourself wondering what the trust can actually pay for. Trusts are designed to manage and distribute assets according to specific terms, and they can be powerful tools for both estate planning and ongoing financial care. However, they also come […]

Written by prositesfinancial • Jan 28 • 2 minute read

How Poor Financial Reporting Limits Business Growth Decisions

When you are focused on running a business, financial reports can feel like paperwork rather than strategy. Yet the quality of your financial reporting directly affects how confidently you can grow. When reports are unclear, outdated, or inaccurate, even smart decisions become risky. Understanding how poor reporting holds you back helps you see why reliable […]

Written by prositesfinancial • Jan 21 • 2 minute read

Multi-State Tax Challenges for Expanding Small Businesses

Expanding your small business into new states is an exciting milestone. Growth often means more customers, more revenue, and greater visibility. It also means more tax responsibilities that can catch you off guard if you are not prepared. When your business crosses state lines, your tax strategy needs to evolve just as quickly as your […]

Written by prositesfinancial • Jan 14 • 2 minute read

Tax Filing Considerations for Households With Multiple Income Streams

Managing your taxes can feel simple when you have one paycheck. Once your household has multiple income streams, things get more complex very quickly. Side businesses, freelance work, rental income, investments, or dual earners all add layers to your tax picture. Understanding how these pieces fit together helps you avoid surprises and feel confident that […]

Written by prositesfinancial • Jan 7 • 2 minute read

When Paying Off Debt Faster Actually Hurts Your Financial Strategy

Paying off debt as quickly as possible sounds like the ultimate financial win. You have probably been told that less debt always equals more freedom, and in many cases, that is true. However, personal finance is rarely one-size-fits-all. Sometimes, aggressively paying off debt can quietly work against your bigger financial goals. Understanding when this happens […]

Written by prositesfinancial • Dec 31 • 2 minute read