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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This week, the conversation focuses on service delivery in the accounting industry, AGAIN! Zane shares his thoughts and insights based on a post he made on LinkedIn about clients’ poor service delivery. The main areas of focus that contribute to poor service delivery are taking on too much work, not staying up to date with…
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Understanding the complexities of revenue and expense recognition is crucial for anyone involved in the wine industry. Whether you’re a vineyard owner, a winery operator, or a financial manager, mastering these accounting principles can significantly impact how you perceive your business’s financial health. Here at Protea Financial, our goal is to help you explore how revenue…
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Managing cash flow is one of the most critical components of running a successful business. Even the most innovative and promising enterprises can collapse if cash flow is not managed correctly. Research suggests that inadequate cash flow management is one of the leading causes of small business failure. As a result, whether you’re an entrepreneur or a…
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Every business owner learns a lot about business finances through trial and error. As a business owner, every financial decision you make can have a significant impact on your business, so it is critical that you use the best, most accurate data possible whenever you make choices that directly affect your business. Financial statements are…
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As a business owner, you know that finances are the lifeblood of your company. Without them, your operations would grind to a halt, and your dreams of success could be dashed. But what exactly is business finance? Why does it matter so much? And how can you get a better handle on this critical aspect…
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