Navigating the intricate world of tax forms can be overwhelming. At Protea Financial, we understand the importance of accuracy and timely filing, especially when it comes to generating and preparing W9s and 1099s. Let’s take a moment to explore these essential tax documents and how to handle them effectively. Understanding W9s: The Foundation of Tax…
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Protea Weekly – Episode 38 – How does a controller help your business?
In this episode, Zane Stevens continues the discussion on the role of a CFO and the importance of having a strong accounting team. He emphasizes the difference between a CFO and a controller, highlighting the operational and strategic aspects of each role. Stevens explains that a controller is responsible for overseeing the day-to-day accounting operations,…
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Simplify Payroll: How Technology Transforms Your Payroll Process
Running a business, let alone being in the dynamic world of wineries, comes with juggling many tasks. One of those tasks that feels daunting is managing payroll, replete with minute calculations, tax regulations, and employee records. But what if there were ways to simplify this most complex of processes and save you hours in your…
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Protea Weekly – Episode 37 – What is a CFO?
In this episode, Zane Stevens discusses the difference between a CFO and a controller and why Protea Financial does not offer fractional CFO services. He emphasizes the importance of bookkeeping as the foundation of good accounting services and highlights the services Protea Financial offers up to the CFO level. Zane explains that a CFO is…
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Understand Your Finances: How Outsourced Bookkeepers Will Help You Educate and Empower Yourself
The most often-quoted statement in business is that managing one’s finances is the critical part of running a business. However, it could turn into one of the most complicated and overwhelming tasks if you weren’t experienced in financial matters. Knowing your finances is much more than just keeping receipts and counting the money coming in…
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Understanding Business Management Ratios
As a follow-up to our article “Benchmarking in the Wine Industry,” we wanted to share some key business management ratios with you. Business management ratios are essential for management or owners to evaluate a company’s financial health and operational efficiency. Ratios can distill activity to a single number, providing a point-in-time insight or multiple periods…
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