Skip to content

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

Who Can Claim Work-from-Home Tax Deductions?

Millions of Americans began working from home in the early months of the pandemic, and for many, remote work has become the new professional norm. If you work from home, you know that working remotely has its perks, like saving money on commuting costs and spending more time with family. On the other hand, there […]

Written by prositesfinancialDec 28 • 3 minute read

Individual Tax Relief: What Are Your Options?

Individual tax relief refers to several programs and initiatives that aim to assist taxpayers in settling or reducing their tax bills. However, these resolutions depend on how much you owe the IRS, along with other factors surrounding your tax return. Here are the different types of tax resolution that you may qualify for: Full Pay […]

Written by prositesfinancialDec 14 • 2 minute read

Ready to make the
jump to better finances?

Click here to access our financial guide
and start practicing better habits for life.