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Aust, Carmignani & Venanzi can provide you with assistance in all
your tax, financial, and business affairs — assistance that will
improve your total financial well-being.
Explore our Web site to
discover the many ways we can serve you. Come back to our site often
for tax and business news and planning suggestions.
Prepare financial reports monthly. For year-to-date comparisons and
to make quick management decisions, financial reports must be done
monthly. "As goes the month, so goes the year." You
can compare the sales, gross profit, and net profit at, say, the end
of May, with prior years and get a good idea of how the current year
will finish. You can compare the total accounts receivable
or payables with prior years to spot problems and then quickly take
corrective action.
Here are some common business ratios you should monitor on a
month-by-month and a year-by-year basis:
Current ratio - Current assets divided by current liabilities will
measure your ability to pay your current debts.
Debt to equity ratio - Total liabilities divided by net worth will
provide you with a year-to-year comparison of your ownership in the
company.
Receivables outstanding - Receivables divided by average day's sales
will give you the number of days' sales on the books.
Profit margin - Gross profit divided by net sales will allow you to
compare your business operations to other companies in your
industry, as well as monitor your own operations over
time.
We can review your investment ideas with you and your investment
advisor and make recommendations to maximize your after-tax return.
Don't ignore the impact of taxes on your investments. While taxes
should not drive your investment strategy, understanding how taxes
affect your earnings will help you minimize taxes and
maximize your return. Consider these items:
Capital gains carry a favored tax status. Consider putting more
dollars in investments that return capital gains.
You can take an annual deduction of up to $3,000 of capital losses
in excess of capital gains. Consider balancing your winners and
losers to maximize this deduction each year.
Investments which produce high taxable annual income can be given to
family members who are in lower tax brackets, thereby saving taxes
for the overall family group.
Depending on your tax bracket, you may benefit from investing in
municipal bonds.
http://www.acvllc.com
3560 Quakerbridge Road Mercerville, NJ 08619
New Jersey :
Financial Advisor in Mercerville :
Financial Advisor in Sparta : Financial Advisor in West Orange
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