A 401(k) is a savings plan for retirement that is offered by employers. It allows employees to save and invest a set portion of their regular paycheck prior to having taxes taken out of it. By contributing to a 401(k), individuals can save for their retirement and take advantage of potential tax benefits. Let the…
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Here at Protea Financial, we understand that running a business comes with its fair share of challenges, and one of the most common struggles entrepreneurs face is dealing with debt. Whether you’re just starting out or have been in business for years, understanding how to navigate your debts can make all the difference in achieving long-term…
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Evaluating your company’s performance is critical to ensure its success and growth. But how do you assess performance? Enter the Key Performance Indicators or KPIs. These valuable metrics provide valuable insights into various aspects of your company’s financial health, allowing you to make informed decisions and drive positive change. The experts at Protea Financial can assist you…
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In any endeavor, it’s always better if you can increase your odds of success by gathering more information to help tilt the odds in your favor. Remember when the Houston Astros employed technology to steal the opposing teams’ signs during the 2017 and 2018 seasons? After this baseball scandal was revealed, the Astros fired its…
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A good financial strategy is critical for success, whether you’re just starting out or trying to expand your current enterprise. Budgeting enables you to properly manage resources, track your finances, and make educated decisions that drive development. But, let’s face it, handling finances is usually the least fun aspect of owning a business. This is…
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If you are a business owner on the verge of separating or your spouse just filed for a divorce, you will want to start gathering information about separating your business interests. Undoubtedly, you will ask your family law and business attorneys many questions, and here are just a few. How will my business be divided…
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