In this episode of Protea Weekly, Zane Stevens discusses the importance of timely tax filing and the responsibilities of business owners in managing their accounting. He emphasizes the need for business owners to evaluate their current accounting providers and seek out professionals who prioritize accuracy, communication, and technology. Zane provides actionable advice on what to…
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In the intricate world of financial management, accuracy is not just desirable – it’s essential. Every transaction, every entry, and every calculation contributes to the financial health and decision-making of a business. Yet, traditional bookkeeping, often reliant on manual data entry, has long been a breeding ground for errors. At Protea Financial, we understand the…
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In episode 40 of Protea Weekly Jay O’Neil of CTASafe breaks down all the regulations, rules and penalties around this legislation effecting small business owners! To determine if you are required to comply with mandatory reporting regulations, you need to meet a three-part test. Here’s a detailed look at each component of this test: Part…
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When it comes to reporting requirements, particularly in regulated industries, there are significant liabilities that individuals and companies must be aware of. These liabilities primarily fall into two categories: civil penalties and criminal penalties. Here’s a breakdown of each: Civil Penalties Civil penalties are monetary fines imposed for non-compliance with regulatory requirements. According to recent…
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In the intricate world of winemaking, where artistry intertwines with agriculture and business, data isn’t just a buzzword—it’s the lifeblood of sustainable growth. We, at Protea Financial, understand the unique challenges faced by winery businesses when it comes to managing data. That’s why we aim to help you navigate the complexities and harness the power…
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In this episode of Protea Weekly, Zane Stevens interviews Jay O’Neill, the CEO of CTA Safe, to discuss the Corporate Transparency Act (CTA). They highlight the confusion and lack of awareness surrounding the CTA, which was passed in 2021 but is still relatively unknown. The purpose of the CTA is to increase transparency in financial…
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