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Are you an entrepreneur with multiple businesses aka a serial entrepreneur?  Your needs are unique and that means your bookkeeping need are unique too. Applied Financial Services is looking to assist entrepreneurs just like you.  Though it might make sense to have a different bookkeeper for each separate business, from our experience we have found that it saves time and money to have one bookkeeping company maintain all of your financial management needs under one…

Lack of Organization  Getting behind on paperwork  Math errors  Hiring unqualified staff  Unwillingness to delegate  Mixing business and personal finances  No receipts!  Short term focus  Lack of budget  Lack of knowing one’s income and expenses   Applied Financial Service Simple Solutions for Bookkeeping Issues: Weekly dedicated time Double check your calculations Keep receipts Budget Review reports Ask questions Being clear of actual income and expenses versus projections Keep separate record systems for business and personal Delegate…

In 2021, Roxanne Albin of Applied Financial Services, Inc. started offering one-on-one coaching sessions to individuals, sole proprietors, non-profits, and businesses.  She had no idea how fulfilling this new service would be. Roxanne began working with young adults whose parents wanted to provide financial support to their adult child, but not be involved in their child’s financial management, (teaching them about healthy money habits, help put their dreams in action, funding an emergency savings fund,…

If you don’t have a 2022 budget yet, let’s get working on yours today. The importance of making a budget is a financial lesson that cannot be overemphasized. If you, your business, and/or your family would like to get more financial security this year, budgeting is a fantastic tool to help you obtain your goals’ 6 Reasons Why You Need a Budget It Helps You Keep Your Eye on the Prize A budget helps you figure…

Money awareness is one of the most important and overlooked topics in our society. We deal with money on a day-to-day basis but how you deal with money differs from person to person. It should be a simple concept, but budgeting can be daunting and overwhelming to many. Being aware of what money comes into your business and/or household, what goes to savings, investments, and retirement and what money goes out is critical to your…

Money is a touchy subject for many.  Money brings up feelings of deep emotions, anxiety, shame, guilt, embarrassment, and much more when having to talk about income, expenses, and spending patterns.  Money is also seen as a measure of status and power.  By keeping money a taboo subject, we become unaware of better habits, healthier practices, and perspectives. Here at Applied Financial Services, Inc., we would like to change the taboo on money.  We are…

Do you have 25-150+ employees?  Are you tired of the never-ending change of bookkeepers-accountants who leave you constantly reinventing the wheel when the previous bookkeeper gives two-weeks notice?  Do you have piles of financial paperwork, but you don’t know what your finances actually look like? It may be time for you, your business, or nonprofit organization to think about outsourcing your bookkeeping and financial management services to Applied Financial Services, Inc.  By working with AFS.…

March 2021 marks the one-year anniversary of the Covid-19 Pandemic. No one thought this the pandemic would last as long as it has.  Businesses have had to change drastically while business owners have had to make a lot of hard choices. Applied Financial Services, Inc. is just like you.  Due to Covid we have had to make changes we wish we did not have to make.  AFS had to reduce our staff, closed our physical…

March 15, 2021: If your business is set up as an S-corporation or a partnership, your corporate income tax return is due today. Yes, that’s a full month before the deadline for personal income tax returns and returns for businesses that are set up as sole-proprietorships or LLCs! Pro tip: Keep in mind that an extension allows you extra time to file but does not extend the time you have to actually pay your income tax.  …

I hope this newsletter finds you and your loved ones well! As we see the colors of the season change (Fall 2020), it serves as a reminder to me of how much change we have undergone this year.  Never in all my life have I said “what a year” so many times.  We have all been stretched in our resilience, patience, creativity, and (hopefully) compassion in so many ways.  From COVID-19, shelter-in place, unprecedented fires…