What should I do after I incorporate my new business? Congratulations on starting your new business! There are a few key things you should do after incorporating your business: I hope this helps! If you have any further questions, don’t hesitate to ask. Prominent Financial Consultants offers a range of services to help our clients […]
How do I incorporate a business? Incorporating a business involves creating a separate legal entity, such as a corporation or limited liability company (LLC), to conduct business activities. Incorporating can provide certain legal and financial benefits, such as limiting personal liability for business debts and protecting personal assets. It can also make it easier to […]
What is a good financial analysis? A good financial analysis is a thorough evaluation of a company’s financial performance and position. It involves reviewing the company’s financial statements, including the balance sheet, income statement, and cash flow statement, and using various financial ratios and other tools to assess the company’s financial health. There are several […]
Why hire us to do your personal financial analysis? Prominent Financial Consultants is a leading financial consulting firm that specializes in providing top-quality financial analysis services to individuals and businesses. If you are considering hiring a professional to do a personal financial analysis, there are several compelling reasons to choose Prominent Financial Consultants. First and […]
What is the right way to do debt consolidation? Debt consolidation is a financial strategy that involves taking out a new loan to pay off multiple smaller debts. It can be a useful tool for managing debt and potentially saving money on interest charges, but it’s important to understand how it works and to choose […]
How to get great to excellent credit? Here are some steps you can take to improve your credit score: Remember, improving your credit score takes time, so it’s important to be patient and consistent in your efforts. Prominent Financial Consultants offers a range of services to help our clients succeed, and we would love the […]
Are income taxes voluntary? Is not doing your taxes illegal? Income taxes are not voluntary in the United States. The federal government and most states have laws requiring taxpayers to file a tax return and pay taxes on their income. Failure to pay taxes or file a tax return can result in penalties, fines, and […]
Do bookkeepers have access to bank accounts? Bookkeepers may have access to a company’s bank accounts as part of their job duties, but the extent of their access will depend on the specific responsibilities of their role and the policies of the company. In general, bookkeepers are responsible for maintaining accurate financial records and tracking […]
Are personal accounting fees tax deductible? In general, personal expenses, including accounting fees, are not tax deductible. Personal expenses are expenses that are not related to your business or your job, and they are not eligible for tax deductions. However, if you are self-employed or have a small business and use your personal bank account […]
Why choose us as your personal bookkeeper? Prominent Financial Consultants is a leading financial consulting firm that specializes in providing top-quality bookkeeping services to individuals and businesses. If you are considering hiring a personal bookkeeper, there are several compelling reasons to choose Prominent Financial Consultants. First and foremost, Prominent Financial Consultants has a team of […]
