Budgeting for Success: How Outsourced Bookkeeping Can Shape Your Financial Future

A good budget is your financial map in the ever-changing business world where decisions, tactics, and success all depend on a good budget. But for most businesses, budgeting is an immense burden, an intricate series of spreadsheets and forecasts that get overlooked.  At Protea Financial, we want budgeting to be an empowerment tool, not a burden. We…
Read More

The CTA is Scary – Civil and criminal penalties

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…
Read More

Mastering Data Management for Winery Businesses: Tips for Compiling Business Data

In the intricate world of winemaking, where artistry intertwines with agriculture and business, data isn’t just a buzzword—it’s the lifeblood of sustainable growth. We, at Protea Financial, understand the unique challenges faced by winery businesses when it comes to managing data. That’s why we aim to help you navigate the complexities and harness the power…
Read More

Generating and Preparing W9s and 1099s in 2024

Navigating the intricate world of tax forms can be overwhelming. At Protea Financial, we understand the importance of accuracy and timely filing, especially when it comes to generating and preparing W9s and 1099s. Let’s take a moment to explore these essential tax documents and how to handle them effectively. Understanding W9s: The Foundation of Tax…
Read More

Protea Weekly – Episode 38 – How does a controller help your business?

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,…
Read More