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Important Tax Considerations if You Have a Foreign Bank Account

As a U.S. resident, owning a foreign bank account isn’t something you should take lightly. The IRS requires you to report your foreign bank account if your account balances exceed certain limits. As with any financial compliance issue, always make sure you consult with a skilled financial advisor or accountant regarding your foreign bank account […]

Written by prositesfinancialAug 10 • 3 minute read

Top 6 Strategies to Raise Brand Awareness

Brand awareness refers to consumers’ level of familiarity with your company, products, or services. By prioritizing brand awareness, organizations big and small can reach out to new audiences and maximize their marketing efforts. With today’s stiff marketplace competition, brands must find strategic ways of standing out from the crowd. There are many ways of building […]

Written by prositesfinancialAug 3 • 3 minute read

Do I Need to Amend My Business Tax Return?

Realizing you’ve made a mistake on your business tax return is a stressful situation. Fortunately, businesses can amend their tax returns within three years of the original filing date. This can help your company get ahead of potential tax problems, resolving issues long before they attract audits or fines from the IRS. That said, not […]

Written by prositesfinancialJul 27 • 3 minute read

Understanding Capital Gains Tax

The government levies taxes on most income-generating activities. Investing and selling assets are income-generating activities, making the proceeds taxable under the capital gains tax. Here is a brief guide on how the capital gains tax works and tips to reduce your taxes. What Is Capital Gains Tax? Capital gains tax is a tax levied on […]

Written by prositesfinancialJul 20 • 2 minute read

Tips to Stop Overspending

Overspending can hinder you from achieving the life of your dreams. Mindless purchases likely leave you with severe buyer’s remorse and an empty bank account by the end of the month. Then you’re left scrambling for money or using a credit card to cover your bad moves. If you recognize your own negative patterns and […]

Written by prositesfinancialJul 13 • 3 minute read

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