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Common Business Startup Tax Mistakes & How to Avoid Them

Running a startup requires wearing many different hats. In all the excitement of building a team, creating a brand identity, and introducing new products to the market, it can be easy for startup leaders to forget about taxes. However, this mistake can have dire consequences. Tax mistakes can easily expose you to penalties and future […]

Written by prositesfinancialFeb 1 • 3 minute read

Reasons to Hire a Professional for Your Personal Tax Preparation

Tax season is one of the most dreaded times of the year for many people. Whether you are a professional or a small business owner, personal tax preparation can be a confusing and hectic time as you try to gather all the necessary documents, figure out how much money you owe, or determine whether you […]

Written by prositesfinancialJan 25 • 2 minute read

What Is the Gift Tax, and Who Must Pay It?

Gifting has been a common practice throughout human history. It is an act of kindness and generosity that brings people closer. People offer gifts to friends, family, and organizations that align with their values all year round. However, it is important to remember that financial and asset gifts can also be construed as a transfer […]

Written by prositesfinancialJan 18 • 3 minute read

Bookkeeping Tips for a Better Tax Season

For many business owners, tax season can be a mad scramble involving document hunting and filling out heaps of forms. The whole process may feel quite stressful and overwhelming; however, it doesn’t have to be. Starting your business tax preparation process well before the deadline will make your life way easier, especially if you want […]

Written by prositesfinancialJan 11 • 3 minute read

Smart Strategies to Save More Money in 2023

Saving money is one of the most common New Year’s resolutions, and by making a few changes to your financial routine, you may find it’s easier than you thought to reach your savings goals. Even small changes can add up over time to improve your finances. The following are a few smart strategies to save […]

Written by prositesfinancialJan 4 • 2 minute read

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