What Is a 401(k) and Why Is It Important to Have One?

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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Effective Ways of Managing Business Debt

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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Common Financing Options for Business Owners

Are you a business owner looking to take your company to new heights? Scaling and operating a successful business often requires extra financing. But with so many options available, how do you know which one is best for your unique needs? That’s where the financial experts at Protea Financial come in! We’re here to help you navigate…
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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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