Accounting & Bookkeeping

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

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 prositesfinancial • Aug 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 prositesfinancial • Aug 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 prositesfinancial • Jul 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 prositesfinancial • Jul 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 prositesfinancial • Jul 13 • 3 minute read