With the increased popularity of wineries, advancements lead to more tax savings. Vineyards and wineries have been in existence for thousands of years. Recently, however, they have become more than a center for manufacturing – they have transitioned into a destination for entertainment and tourism. People travel to a location specifically for wine, they host…
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Are you a small business owner struggling to keep your finances in check? Do you constantly worry about cash flow, expenses, and profits? You’re not alone. The financial health of a small business is crucial for its survival and growth. Here at Protea Financial, we have come up with five essential tips that can help…
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As with most business transactions, supply and demand dictate the outcome. The same is true when buying or selling wineries and/or vineyards.
Bookkeeping can be a daunting prospect for the uninitiated. Even for seasoned business owners, it’s easy to get overwhelmed with the various terms and concepts around bookkeeping. This is especially true when you consider the number of regulations, laws, and taxes that must be considered. However, understanding bookkeeping basics doesn’t have to be complicated or…
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The wine industry is a complex and competitive market where businesses must constantly innovate and optimize their operations to stay ahead. Effective financial planning is a crucial element for the success of any wine business. As with any business, financial planning is critical for success, but it’s necessary for the wine industry, where production cost,…
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The cost of making wine can vary greatly depending on several factors, such as the type of grape used, the region where it’s produced, the size of the winery, and the production process. For example, the cost of producing a bottle of wine can range from a few dollars for a low-end bulk wine to hundreds of…
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