Affluent Financial Services

All companies, regardless of size, need professional accounting services to obtain detailed financial information. This enables management or business owners to make informed decisions and develop strategies for business growth and financial success.

AFS aims to support the sustainability and prosperity of all the organizations we assist. Our advisory services encompass business valuations, cash flow analysis, financial modeling/projections, business plan preparation, infrastructure development (including accounting and financial reporting), accounting policy advice, internal controls review, complex business transactions, options and employee incentives, bank or alternative financing, assistance in securing venture capital funds for start-up acquisition or expansion financing, and operations efficiency and effectiveness audits.

Internal auditing is an unbiased activity that aims to add value and improve an organization's operations. It helps achieve goals by evaluating and enhancing risk management, control, and governance processes. Internal audit can identify control issues and address errors before an external audit. It provides objective advice to board members and senior management, promoting truthfulness and accountability. Internal auditing primarily focuses on evaluating internal control. External auditors may utilize the work of internal auditors during their audit of a company's financial statements.

Bookkeeping is crucial for businesses as it allows owners to access financial reports for informed decision-making. All organizations, regardless of size, require bookkeeping services. Starting a business can be time-consuming and stressful, with limited finances. To increase the chances of long-term success, it is important to minimize costs. In the current remote working environment, hiring, training, and retaining full-time employees for bookkeeping and payroll processing is seen as unnecessary and expensive. As a result, many small to mid-size businesses are outsourcing these functions to professionals who offer cost-effective remote services.

Companies often choose to outsource their payroll processing to a third-party service provider for various reasons, primarily because it offers reliable services at a lower cost. AFS payroll processing outsourced services have been proven to significantly reduce overhead costs for employers. Internal payroll processing requires careful scrutiny of time sheets, reconciliations, IRS payroll returns, and other forms. By outsourcing payroll processing, management can concentrate on their organization's main objectives and business growth.

The firm specializes in tax planning and return preparation for individuals, small businesses, and corporations. We excel in minimizing taxes through strategic long-term planning, annual forecasting, and mid-year planning.