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Start 2025 Off with a Bang: Use My Framework to Get Your AFH Finances in Order

  • Writer: Christina Nguyen
    Christina Nguyen
  • Jan 1
  • 2 min read

As an Adult Family Home (AFH) owner, managing your finances is critical to ensuring a smooth operation and sustained growth. But let’s be honest: financial management can sometimes feel overwhelming. That’s why I’ve developed a proven framework designed specifically for AFH owners to simplify your finances, reduce stress, and set you up for success in 2025.



Here’s how my framework can help you kick off the new year with confidence:

Step 1: Organized Bookkeeping

Good bookkeeping is the foundation of financial clarity. Without it, you’re flying blind. My framework starts by helping you:

  • Set up or clean up your bookkeeping system.

  • Track income and expenses accurately.

  • Organize receipts and invoices for proper documentation.

💡 Pro Tip: Use accounting software like QuickBooks or Xero to streamline your process and avoid manual errors.


Step 2: Insightful Financial Reporting

Understanding your numbers is key to making informed decisions. I guide AFH owners to:

  • Generate clear financial reports, including income statements, balance sheets, and cash flow statements.

  • Analyze these reports to identify trends, problem areas, and opportunities.

💡 Pro Tip: Schedule monthly financial reviews to stay on top of your performance.


Step 3: Tax Planning and Strategies

Taxes can be a significant burden for AFH owners, but with proactive planning, you can minimize your liability. My framework includes:

  • Identifying eligible deductions, such as caregiving supplies, home-related expenses, and payroll costs.

  • Planning for quarterly estimated tax payments to avoid penalties.

  • Ensuring compliance with IRS Notice 2014-7 for Medicaid waiver payments.

💡 Pro Tip: Consult with a tax professional who understands AFH-specific tax rules.


Step 4: Budgeting and Forecasting

A budget isn’t just a set of numbers; it’s your roadmap for the year. My framework helps you:

  • Create a realistic budget based on past performance.

  • Forecast cash flow to anticipate high-expense periods.

  • Allocate funds for emergencies or growth opportunities.

💡 Pro Tip: Include a buffer in your budget to handle unexpected expenses without stress.


Step 5: Stress-Free Tax Preparation

Tax preparation doesn’t have to be a last-minute scramble. My framework ensures you:

  • Have all documentation ready, including W-2s, 1099s, and receipts.

  • File accurately and on time to avoid penalties.

  • Maximize your deductions to reduce your tax bill.

💡 Pro Tip: Keep digital copies of all tax-related documents for easy access during filing season.


Why Start Now?

The start of the year is the perfect time to implement a framework that brings clarity and control to your AFH finances. By setting up your systems early, you’ll:

  • Save time and reduce stress during tax season.

  • Make better financial decisions throughout the year.

  • Position your AFH for growth and long-term success.


Ready to Start 2025 Off Right?

Let’s make 2025 your best year yet! My framework is tailored specifically for AFH owners like you, helping you stay organized, compliant, and profitable. If you’re ready to get your finances in order and achieve peace of mind, let’s connect.

📩 Contact me today to learn more about how this framework can transform your AFH operations.



 
 
 

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