As the owner of your own business, you’re going to be spending a lot of your time and money on it. You need to keep track of all these expenses to accurately report them when you file your taxes at the end of the year. You can deduct many expenses related to running it. These…
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Month-end processes are often a source of stress for finance teams. Many organizations find month-end processes challenging, which is why it is important to put processes in place early and consistently. If that sounds like your month end, you’re not alone – many businesses will face similar challenges. While most accounting departments dread the end…
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A W-9 is an IRS (or Internal Revenue Service) form used to collect the correct tax identification number from all third parties that the business pays during the year. You will usually be required to fill one out if you become an independent contractor, a vendor, or are brought on for a contractor position. The…
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Inventory is arguably the most complex accounting function for wineries, starting with harvest. Harvest is the most exciting and demanding time for wineries, requiring a lot of information to be communicated back to your accountant. Still, luckily some information can be provided before this hectic period. Grown or Purchased Grapes To provide the appropriate…
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I was recently reminded of how complex government programs can be and how they can evolve. Even to people who deal with tax laws and government programs on a regular basis, opportunity can be overlooked. I was speaking to a friend and business owner over dinner several months ago. We were talking about the economy,…
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Protea Financial was founded in 2014 to provide high quality outsourced bookkeeping and accounting at an affordable price. Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the workforce after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were previously overlooked. …
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