The foundation of any successful business – including wineries – comprises the numbers that underly everything. Tracking your performance using these numbers is vital to maintaining and expanding a profitable business. The challenge is in the details and the arduous, often-tedious job of allocating costs, calculating COGS, managing key indicator accounts, and more. Wineries are unique…
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Protea Financial is committed to informing you about significant legislative changes that could impact your business operations. With the assistance of our partners at CMPR, this comprehensive guide explores the Corporate Transparency Act (CTA), enacted as part of the broader Anti-Money Laundering Act of 2020. Aimed at preventing money laundering, terrorist financing, and other illicit…
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Managing your business’s financial records can often feel like an overwhelming task. The piles of receipts, invoices, and financial statements can quickly turn into chaos if not handled properly. But what if there was a way to transform this chaos into order effortlessly? Outsourced bookkeeping offers a streamlined solution that can bring clarity and efficiency…
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In this episode, Zane Stevens discusses the importance of attending conferences, both in your niche and in the accounting industry. He highlights the benefits of networking, staying up to date with industry trends, professional development, knowledge sharing, exposure to new technology, career advancement, inspiration and motivation, and gaining a competitive advantage. Zane also shares his…
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In this episode, Zane Stevens discusses the importance of attending industry-specific conferences. He shares his personal experience attending wine industry conferences and explains how it has helped him become a better advisor to his clients. Zane highlights the benefits of gaining industry-specific knowledge, networking with professionals in the field, and discovering new business opportunities. He…
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The monthly closing process is crucial for wine businesses, serving as a cornerstone for financial accuracy and operational efficiency. However, it comes with its fair share of challenges. From managing inventory to ensuring compliance with regulations, wine businesses often find themselves navigating a complex landscape. Here at Protea Financial, we want to explore these common…
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