Running a successful business comes with its fair share of uncertainties and potential risks. That’s why it’s crucial to have the right strategies in place to protect your hard work and investments. Here is an overview of some of the essentials of risk management and insurance, along with an explanation of why they are vital…
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Lease Accounting: What You Need to Know For Your Winery
You may have heard of the updated lease accounting standard, but as a business owner, it wouldn’t be a stretch to assume you might not have given it another thought if you’d heard of it all. If you’re unfamiliar with ASC842 and wondering if it impacts you, this piece is highly beneficial and worth a…
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Protea Conversations: Bryan Coryell
Protea Financial was founded in 2014 to provide high-quality outsourced accounting at an affordable price. Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the workforce after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were previously overlooked. Protea strives to…
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You Don’t Need an Estate Plan Unless There Are People or Things You Care About
Estate planning. Most people want to avoid these two dreaded little words as much as the proverbial death and taxes they are intended to address. And yet, the certainty with which most people will have to face all three in life is largely the same. Regardless of its necessity, however, the fact that people don’t…
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Seven Ways to Increase Your Cybersecurity Awareness
October is Cybersecurity Awareness Month when we focus on safeguarding our digital assets and learning about the ever-evolving threats in the cyber world. As a small business owner, you may think your company is too insignificant to be a target, but that’s far from the truth. In recent years, small and medium-sized businesses have risen…
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Tax Planning and Compliance for Businesses
Tax planning and compliance may not be the most exciting part of running a business, but it is absolutely crucial for your financial success. Properly managing your financial paperwork and staying in compliance with tax regulations can save you time, money, and headaches down the line. The bookkeeping professionals at Protea Financial can help you by ensuring…
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