Business Consulting

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

Tax Planning Before Large Financial Gifts 

Giving a significant amount of money or property to a family member can help you support someone you care about during your lifetime. However, a large financial gift can also raise federal gift tax, reporting, and estate planning considerations. Before transferring cash or other valuable assets, it is worth understanding how the gift fits into […]

Written by prositesfinancial • Nov 11 • 2 minute read

Tips for Balancing Short-Term & Long-Term Financial Goals 

Managing your finances often means deciding between what you need or want today and what you hope to accomplish years from now. You might be building an emergency fund while saving for retirement, paying down debt while planning a vacation, or preparing for a home purchase while investing for the future. These goals can compete […]

Written by prositesfinancial • Nov 4 • 3 minute read

Behind on Your Books? Here’s How to Get Back on Track

Keeping your business finances organized can become challenging when daily responsibilities demand your attention. Between managing customers, overseeing operations, and planning for growth, bookkeeping tasks may fall behind. Unfortunately, outdated financial records can make it difficult to understand your cash flow, track expenses, and prepare for tax obligations. The good news is you can take […]

Written by prositesfinancial • Oct 28 • 3 minute read

Managing Shared Family Properties With Trust & Estate Accounting 

A family vacation home can hold years of memories, from summer gatherings to holiday traditions. When that property passes from one generation to the next, however, managing it can become complicated. Multiple family members may share ownership, but they might have different expectations about how the property should be used, maintained, or funded. Expenses such […]

Written by prositesfinancial • Oct 21 • 3 minute read

Preparing Your Business for Sustainable Growth 

Business growth can create exciting opportunities, but expanding without adequate preparation may put unnecessary pressure on your finances and operations. Sustainable growth is about building your company at a pace you can reasonably support while continuing to meet your financial obligations and serve your customers. That often requires looking beyond short-term increases in sales and […]

Written by prositesfinancial • Oct 14 • 3 minute read