Optimizing Harvest Season: Effective Accounting Practices for Wineries

Harvest time is the time of year when wineries come alive with the activity of gathering, crushing, and fermenting grapes. It’s an exciting and anticipatory season as vineyard owners and winemakers work relentlessly to produce their best wines. However, in the midst of all the excitement and adrenaline, one critical factor is sometimes overlooked: accounting….
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Common Misconceptions about Accountants

Accountants are commonly misunderstood- whether it be the stereotypical personality or the type of work accountants perform, but I have first hand dealt with these misconceptions for years. These common misconceptions could be part of the blame for the shortage of accountants entering the field, so continue reading below for my personal experiences in busting…
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Assessing Business Performance Through Financial Performance and KPIs

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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Top 5 Do’s and Don’ts In an IRS Tax Audit

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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Budgeting and Financial Planning for Your Small Business

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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