In episode 40 of Protea Weekly Jay O’Neil of CTASafe breaks down all the regulations, rules and penalties around this legislation effecting small business owners! To determine if you are required to comply with mandatory reporting regulations, you need to meet a three-part test. Here’s a detailed look at each component of this test: Part…
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When it comes to reporting requirements, particularly in regulated industries, there are significant liabilities that individuals and companies must be aware of. These liabilities primarily fall into two categories: civil penalties and criminal penalties. Here’s a breakdown of each: Civil Penalties Civil penalties are monetary fines imposed for non-compliance with regulatory requirements. According to recent…
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In this episode of Protea Weekly, Zane Stevens interviews Jay O’Neill, the CEO of CTA Safe, to discuss the Corporate Transparency Act (CTA). They highlight the confusion and lack of awareness surrounding the CTA, which was passed in 2021 but is still relatively unknown. The purpose of the CTA is to increase transparency in financial…
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In this episode, Zane Stevens discusses the importance of accountants and why becoming an accountant can be a great career choice. He emphasizes that accountants are more than just compliance professionals and play a crucial role in helping businesses make better decisions. Zane shares his own journey as an accountant and the opportunities it has…
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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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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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