Insight Beyond Numbers

Press Room

Kim Forrester

Levine, Jacobs & Company, LLC, Names New Partner

Livingston, NJ – Effective September 1, 2017, Kim E. Forrester, CPA/CGMA, Manager, Levine, Jacobs & Company, LLC., was promoted to Member of the Firm. Forrester is the firm’s first female partner.

According to Timothy J. Shore, CPA, Co-Managing Member, “We are pleased to announce that Kim E. Forrester has been promoted to partner at Levine, Jacobs & Company. Kim first joined the firm as a staff accountant. She has always been a great asset to our firm, and we look forward to her furnishing superior service to our clients as a Member of the Firm.”

Ms. Forrester states, “I am privileged to have achieved partnership at Levine, Jacobs & Company. The Firm’s philosophy of being client-focused has always been important to me, and I look forward to providing quality service to our clients with understanding and empathy.”

To set up an interview with Kim Forrester, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr@verizon.net.

Kim E. Forrester, CPA/CGMA, has over twenty-five years of experience and specializes in audit, business accounting and taxes (corporations, partnerships and sole proprietorships) including doctors, dentists, funeral homes and wholesale distributors. She focuses her practice by working directly with clients on the efficient organization of their accounting records in order to analyze their company’s strengths and weaknesses as well as to prepare their business filings. Kim is also a highly regarded member of the firm’s Quality Control team.

Prior to joining the firm, Kim rose up the ranks from clerical to supervisory level at Prudential. She is a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJSCPA). Additionally, she is a Member of the Pearl Chapter, Eastern Star organization and serves on the Advisory Board of The CPA Club of New Jersey Inc.

Community minded, Kim has served First Memorial Presbyterian Church of Dover in various capacities; Chime Master, Member of The Nominating Committee, the Trustee Committee and is a Teaching Assistant for their Sunday school program.


Image on the left: Michellene Davis, Esq., Executive Vice President, Barnabas Health; Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC

Livingston, NJ –Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, L.L.C., was recently honored as a ‘Winner’ in the NJBIZ inaugural ‘ICON’ competition.

This first-ever awards program recognized New Jersey business leaders over the age of 60 for their notable success and demonstration of strong leadership within their specific business and industry along with service to their community. Karu states, “It was a great honor to be named an ICON by NJBIZ. For me to be included in the inaugural class of recipients was highly unexpected, but greatly appreciated. It is a true testament to the work that I’ve done during my career. As I stood with my fellow recipients, I was awed at everything that the others were able to accomplish and congratulate them on their achievements.”

Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse array of clients.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

NJBIZ, New Jersey's leading business journal, produces a weekly print edition as well as providing 24/7 business news coverage through its NJBIZ.com website and multiple daily e-newsletters.

Levine, Jacobs & Company, LLC Helps Two Local Food Pantries

July, 2017. Livingston, NJ – Like many public accounting firms, the busiest time of the year for Levine, Jacobs & Company, L.L.C is tax season. This year, the company decided to use its busy season to give back to the community by asking clients to bring in one item of non-perishable food when they came in to have their taxes prepared.  read the full story here..

Levine, Jacobs & Company, LLC, Named A Winner And A Finalist in In Two Prestigious Competitions
- COMMERCE Magazine and New Jersey Monthly Salute Accounting Firm -

Livingston, NJ – Levine, Jacobs & Company, L.L.C., was recently recognized as both a Winner and an Honoree at two separate Award Galas that honor businesses’best practices and companies for philanthropy within and outside their communities.

The Commerce and Industry Association of New Jersey (CIANJ) and its partner, COMMERCE magazine, recently named Levine, Jacobs & Company, L.L.C. as a winner at their 3rd Annual Best Practice Conference saluting leadership. The judges were asked to select the cleverest, extraordinary, and innovative entries to be honored.

Steven L. Levine, CPA/PFS/CGMA, Co-Managing Member, entered his award-winning ‘Best Practice,’ “We always take a team approach. Partners work hand in hand with senior and junior staff, maintaining a true open door policy. Furthermore, we give increased responsibility to staff accountants. By doing so, each has a sense of ownership of their work products. We also know that if morale is high, people will work harder, which benefits everyone.” More than 150 executives participated in the conference, which featured a keynote speech from Jonathan Gilliam, a national security expert and former U.S. Navy SEAL, who often appears as a CNN commentator

For further information on the Best Practices Guide, please click here.

The firm was also selected as a Finalist in New Jersey Monthly’s ‘Great Oak Awards,’ an honor given to NJ-based companies that demonstrate a strong commitment to giving and volunteering at local charities and social causes. Levine, Jacobs & Company, L.L.C. takes pride in giving back to the community. The company and its employees supported two Little League teams, collected clothing and goods for a battered women’s shelter, gathered toys for the annual Liberty Harley Owners Group (H.O.G.) Toy Run, and sponsored the Essex Fall Tune Up, a youth soccer event. The firm also offers discounts of its accounting rates to help smaller charitable initiatives.

To set up an interview with Steven Levine, please contact Amy Delman, Amy Delman Public Relations, LLC, at 201.563.4614 oramydelmanpr@verizon.net

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse array of clients.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Leading Accounting Firm Announces Passage Of Peer Review

Livingston, NJ -- Richard M. Hoffman, CPA/CGMA, Member and director of the firm’s audit department and in charge of the peer-review and quality-standard programs for the accounting firm of Levine, Jacobs & Company, L.L.C. www.ljcpa.com formally announced they have successfully passed its peer review, without exception.

In 1988, the members of the American Institute of Certified Public Accountants (AICPA) overwhelmingly approved a proposal that requires AICPA members in public practice to participate in a practice-monitoring program. With the adoption of this proposal, the AICPA implemented a peer review program of unprecedented scope in the CPA profession or any other. Peer review helps assure users of CPA services that their CPA firm measures up to the profession’s high standards of professionalism and is committed to improving the quality of its practice.

Peer review provides a mechanism for a firm to engage a peer firm to review its system of quality control related to its application of professional accounting, auditing and attestation standards. The AICPA Peer Review Program is important because it strengthens member firms’ quality control and encourages firms to improve processes and correct any shortcomings. Peer review enhances the quality of the profession and contributes to the public’s confidence in the profession.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse array of clients.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Levine, Jacobs & Company, LLC Member Quoted In NJBIZ - Exploring the impact of wealthy New Jerseyans exodus from N.J. to Florida-

Livingston, NJ –Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, L.L.C., recently was highlighted by NJBIZ in, “The Ripple Effect: Experts weigh impact of Tepper's exit from N.J. to Florida”.

The article is based on the million-dollar tax loss the state of New Jersey might face as a result of David Tepper and his $18 billion Appaloosa Management hedge fund’s relocation to Florida. Throughout the article the various reasons Tepper might have had to leave New Jersey are discussed. Aside from the much lower tax rates, Karu takes into consideration that New Jersey also has both Estate and Inheritance Tax, whereas Florida does not.

To read the entire article, please click here:

http://www.njbiz.com/article/20160627/NJBIZ01/160629827/the-ripple-effect-experts-weigh-impact-of-teppers-exit-from-nj-to-florida

Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs.

Levine, Jacobs & Company, LLC Member Interviewed On Radio Show - How Understanding Financial Statements Is Integral To The Business Of Life-

Livingston, NJ –Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, L.L.C., was recently interviewed by David Wolf, Host, Small Biz America Radio.

In the segment, Karu explains in his role as an accountant, it is imperative to speak with business owners about both the financial information for their company, as well as, their own personal finances. With this information, Karu can provide financial guidance in every area of a business owner’s life. He also offered tips on capital gain calculations, making non-cash donations, and updating wills ad beneficiary designations.

To listen to the entire interview, please click here:

http://picosong.com/tcyE/

Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs.

Michael Karu, Member, Levine, Jacobs & Company Featured In Business Valuation Guide -A discussion on how to properly handle self-employment taxes –

Livingston, NJ –Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, L.L.C., was recently featured in a guide to business valuation on FitSmallBusiness.com. In the article, he discussed the basics of who has to pay self-employment taxes and when to stay compliant.

“Self-employment taxes are calculated based on your net business income. By deducting business expenses on your tax return, you reduce your net income and hence the amount of tax you owe. Karu says that the number one mistake small business owners make when paying their self-employment taxes is not to take advantage of deductions to reduce their taxable income.”

To read the entire article, please click here 

http://fitsmallbusiness.com/self-employment-tax-rates/

To speak to and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 oramydelmanpr@verizon.net

Michael H. Karu, is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

As Seen in NJCPA
A CPA And His Motorcycle: Perfect Together- Livingston, NJ –James A. Kruper, CPA, has recently been featured in the award-winning New Jersey CPA Magazine .

The heart-warming article entitled, “A CPA and His H.O.G.” profile Jim’s younger years and why he chose public accounting as his career path. Fast-forward to now, Jim discusses his own hobby as a motorcyclist for the Liberty Chapter of the Harley Owners Group. From New Jersey all the way to Florida, Jim embraces his outdoor journeys, especially one, that falls every November, the Liberty H.O.G.’s Annual Toy Run.

During this run, approximately 600 or so motorcyclists, with a police escort, travel from Rahway, NJ to Bristol Myers Squibb Children’s Hospital at Robert Wood Johnson University Hospital in New Brunswick, NJ where they deliver toys to the pediatric unit in time for the holidays.

Please click here to read the article in its entirety:

http://www.njcpa.org/jameskruper

With over 25 years of experience Jim Kruper provides accounting and consulting services to a wide variety of clientele and specializes in recommending and implementing accounting services and controls.

He is a member of the Audit Group and heads the Non-Profit Group for the firm as well as a valued member of the firm’s Quality Control Division.

Extremely active in the community, Jim is the Recipient of Outstanding Overall Achievement in Firefighter 1, a volunteer firefighter in Garwood, NJ and has served in leadership positions at the Liberty Chapter of Harley Owners Group in Rahway, NJ.

im received his B.S. Degree in Business Administration from Seton Hall University.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”

Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

As Seen in Bloomberg
Livingston, NJ –Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, L.L.C., was quoted in an article on Bloomberg titled, “You Filed Your Taxes. Are You Going To Get Audited?”

In the article, Karu discusses who may get audited and some of the reasons why. “While some audits are random, the IRS tends to target more complex returns containing unusual income or unusual deductions. Owners of businesses, rental properties, and farms are more frequently audited, states Karu.

To read the entire article, please click here:

http://www.bloomberg.com/news/articles/2016-04-19/you-filed-your-taxes-are-you-going-to-get-audited

To speak to and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr@verizon.net

Michael H. Karu, is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm. ”Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

As Seen in FitSmallBusiness.com
Levine, Jacobs & Company Member Featured In Business Valuation Guide-A discussion on how to properly value a business -

Livingston, NJ –Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, L.L.C., was recently featured in a guide to business valuation on FitSmallBusiness.com. In the article, he discussed factors which can lead to business sellers valuing their companies incorrectly.

“Sellers often think they are the only ones who can properly run their businesses,” said Karu. Founders put a lot of time and effort into building their business and making it successful, which can lead to them valuing it too high when it comes to selling.” On the other hand, buyers believe they have the ability to turn around any failing venture, Karu states. They may place blame on current management, but factors such as location and competitors can be issues which are more difficult to deal with.

To read the entire article, please click here.
http://fitsmallbusiness.com/how-to-value-a-business/

To speak to and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr@verizon.net

Michael H. Karu, is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Michael Karu, a member of Levine, Jacobs & Company, L.L.C. quoted in NJBIZ "Triple Play": Tips for choosing a successor

Triple Play is a weekly NJBIZ feature that asks top executives in New Jersey to talk about three things related to their industry.

Read the whole article here:

http://www.njbiz.com/article/20151101/NJBIZ01/311029998/triple-play-tips-for-choosing-a-successof?utm_source=NJBIZ+Roundup&utm_medium=Email&utm_term=http%3a%2f%2fwww.njbiz.com%2farticle%2f20151101%2fNJBIZ01%2f311029998%2ftriple-play-tips-for-choosing-a-successof&utm_campaign=Sunday+Roundup%3a+The+%27quiet+car%2c%27+opinions%2c+Executive+Moves+and+more

Michael Karu, a member of Levine, Jacobs & Company, L.L.C. quoted in Bloomberg Article: Tax Collectors Are Going After Netflix, Airbnb, and Burning Man

Read the whole article here: 

http://www.bloomberg.com/news/articles/2015-10-23/tax-collectors-are-going-after-netflix-airbnb-and-burning-man

Levine, Jacobs & Company, LLC, Member Interviewed On Statewide Radio

Roth IRAs – Funding Methods May Be A’ Changing

Livingston, NJ (Aug 17, 2015) - Richard M. Hoffman, CPA/CGMA, Member, Levine, Jacobs & Company, L.L.C., was recently interviewed on Jersey Central, the morning drive program which airs on WCTC-AM radio. The topic was Roth IRA and some upcoming changes anyone who uses these funds should be aware of.

President Obama's 2016 budget proposal provides that future Roth conversions be limited to pre-tax money only. Thus, after-tax, nondeductible amounts (those attributable to basis) held in a traditional IRA could not be converted to Roth amounts. A similar rule would apply to amounts held in eligible retirement plans. This proposal would effectively kill most back-door Roths.

It is unclear as to whether this proposal will pass, or when the effective date will be, so if a taxpayer is contemplating this funding method, it should be done as soon as possible.

According to Richard Hoffman, "For taxpayer's who would like to contribute to a Roth IRA, but are not permitted to do so because of their income limitation, a "back door' contribution is still available. Since there are no income limitations on funding a "nondeductible IRA", taxpayers can make a maximum contribution to a nondeductible account and then elect to convert the account to a "Roth IRA."
The entire interview can be heard here: 

https://www.youtube.com/watch?v=B-BdZbYIyOI

Hoffman is the Director of the firm’s audit department and in charge of the peer-review and quality-standards programs for which the company has consistently received superior ratings. His client base includes medical and legal professionals, real estate development and management, retail/wholesale distribution and manufacturing. His expertise also extends to matrimonial, litigation support and forensic engagements. Hoffman has served as an expert witness relating to arbitration/mediation proceedings and plaintiff litigation. A prolific writer, he has authored and/or been quoted in numerous publications and has been a guest on statewide radio.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”

Levine, Jacobs & Company, LLC, maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

New Jersey Law Journal Publishes Article On Social Security And Divorce

-Attorney, Accountant and Social Security Expert Discuss Over-Arching Need For Divorce Settlement Planning-

Livingston, NJ, July, 2015 -Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, L.L.C., along with Mia V. Stollen, Esq.,Brach Eichler LLC, and Ash Ahluwalia, President, National Social Security Partners authored an article published in the New Jersey Law Journal.

The article, "Social Security Considerations in Divorce," discusses the importance of Social Security planning for divorcing couples. If proper planning is not done, the result can be significant. This piece presents the basic rules, comparisons between married and divorced couples and some helpful guidelines. The article can be read here.

Mia Stollen, Esq. focuses on the area of family law including matters involving divorce, custody, spousal support, child support, and equitable distribution. Mia also handles individual and corporate litigation matters.

Ash Ahluwalia has over 20 years in the financial services industry. He is an expert in advanced Social Security planning and optimization. Ash is a frequent professional speaker and is certified by both the National Social Security Advisor (NSSA) and Social Security Claiming Strategies (CSSCS). Ash performs customized social security planning to high wealth individuals to coordinate sophisticated retirement planning.

Michael H. Karu is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

New Jersey Law Journal Publishes Article On Social Security And Divorce

Livingston, NJ –Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, L.L.C., along with Mia V. Stollen, Esq.,Brach Eichler LLC, and Ash Ahluwalia, President, National Social Security Partners authored an article published in the New Jersey Law Journal.

The article, “Social Security Considerations in Divorce,” discusses the importance of Social Security planning for divorcing couples. If proper planning is not done, the result can be significant. This piece presents the basic rules, comparisons between married and divorced couples and some helpful guidelines. The article can be read here.

Mia Stollen, Esq. focuses on the area of family law including matters involving divorce, custody, spousal support, child support, and equitable distribution. Mia also handles individual and corporate litigation matters.

Ash Ahluwalia has over 20 years in the financial services industry. He is an expert in advanced Social Security planning and optimization. Ash is a frequent professional speaker and is certified by both the National Social Security Advisor (NSSA) and Social Security Claiming Strategies (CSSCS). Ash performs customized social security planning to high wealth individuals to coordinate sophisticated retirement planning.

Michael H. Karu is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Levine, Jacobs & Company, LLC, Provides Hope And Help For The New Year
- Firm Gives Donations To Those In Need -

 

Livingston, NJ –Levine, Jacobs & Company, L.L.C., a leading accounting firm headquartered in Livingston, NJ, selected a theme of giving to organizations that help battered women and children for their 2014 “Giving Initiative.”

The firm selected Hope for Change and New Jersey Battered Women’s Service as recipients.
Hope for Change was founded and developed in light of Christina “Hope” Jeatter’s vision for change within her community. This vision manifested a passion for change that has started within her community and hopes to extend beyond New Jersey and across the globe. She believes the smallest things can make the biggest difference in the realization of her mission. The vision for Hope For Change Inc. is to render services that will enable homeless people to become self-sufficient and ultimately productive members of society. The mission of Hope For Change Inc., is to reintegrate homeless men, women and children into society by means of identification of their immediate and long-term needs. For more information on Hope for Change, contact Christina Jeatter at Christina Jeatter cjeatter5201@gmail.com

Jersey Battered Women’s Service (JBWS) In 1976, a small group of women in Morris County began a hotline to aid victims of domestic violence. When two of these callers were murdered by their husbands, the need for a confidential shelter became urgent. From its grass-roots beginnings, Jersey Battered Women's Service opened its shelter doors to the community in late December 1978. Now, JBWS is a full-service, private, nonprofit domestic violence agency. The mission of JBWS is the prevention of domestic violence through the protection and empowerment of the victim, the rehabilitation of family members, the advocacy of social reform to prevent partner violence, and the education of the public about domestic violence and its consequences. Our vision is to create a community-wide culture that refuses to tolerate the presence of any form of family or partner violence. For more information on JBWS, visit http://www.jbws.org/help_jbws.html

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

 

Levine, Jacobs & Company, LLC 2014 Donations

 

Aerial View of Donations 

 


Elaine M. Coffey, Tax Manager
Hope For Change Donation Receipt
Levine, Jacobs & Company, LLC

Michael H. Karu, Member, Levine, Jacobs & Company, LLC, Interviewed On Statewide Radio - Accountant Discusses Need For Understanding Basics In Business Even Within A Digital World -

Livingston, NJ - Michael H. Karu, CPA/CFF/CGMA, Past-Managing Member, Levine, Jacobs & Company, L.L.C., was recently interviewed on WCTC-AM radio. With all of today's technology and accompanying lingo - there is still one thing there is no app for - an accountants' sound advice. Report after report details how the Millennials', at eighty million strong, are the leaders of tomorrow. Yet being raised with technology does not negate the need to understand the underlying principles of business from how to balance a checkbook, understand profit margins and proper mark ups, read a profit & loss statement or a balance sheet. As Michael states, "Every business owner, entrepreneur, executive or student needs to have a basic understanding of accounting - no matter how many gadgets are created."

Please click here to listen to the entire interview.

Michael H. Karu is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. In addition, he is a Certified Divorce Mediator. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

The firm prides itself on its teamwork abilities where "every account receives the talent and expertise of the whole firm." Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Livingston, NJ – Steven L. Levine, CPA/PFS/CGMA, Senior Founding and Co-Managing Member, Levine, Jacobs & Company, L.L.C., was highlighted in the May 2014 issue of Commerce magazine – the flagship publication of the Commerce & Industry Association of New Jersey.

In the special Managing Partners’ Accounting Roundtable section, participants were asked about Best Practices in regard to either merging, acquiring or locating a company in New Jersey.

According to Steve Levine, one of the accounting managing partners interviewed, “….There are pros and cons to be taken into consideration when deciding to establish company headquarters in New Jersey. Because of its close proximity to New York City, one of the pros to be considered includes the geographic as well as cultural advantages that New Jersey offers to a company. The convenience of major airports and mass transit is available as well as numerous upscale towns with desirable public and private school systems that serve to attract young company executives with growing families. New Jersey also provides an educated workforce to support a company’s operations. However, establishment of a business base requires careful consideration of the tax environment. Unfortunately, companies and their employees who locate and work in New Jersey are subjected to one of the highest income tax rates in the country. The overall tax picture in New Jersey includes State sales taxes, inheritance and estate taxes, real estate taxes, and transportation taxes. This tax burden can present a financial hurdle for companies considering relocation. Before choosing to locate or to headquarter a business in New Jersey, attention should be given to the pros and cons.”

New Jersey Law Journal Publishes Article On Alternative To Conventional Alimony -Attorney and Accountant Discuss Pros and Cons of Alimony Buy-Out-

Livingston, NJ –Michael H. Karu, CPA/CFF/CGMA, Past-Managing Member, Levine, Jacobs & Company, L.L.C., http://www.ljcpa.com/, and Jonathan H. Blonstein, Esq., Weinstein Lindemann & Weinstein, A Professional Corporation http://www.familylawnj.com/, co-authored an article for New Jersey Law Journal.

The article, “The Alimony Buy-Out: Is It Right For Your Client?” discusses the benefits and pitfalls of this type of alimony arrangement. The authors state, “As advisors, we are faced with a dilemma. We need to effectively manage client expectations by explaining every detail. At the same time, we need to make them understand that things can and will happen that are outside of everyone’s control, especially ours.” To illustrate their points, they use humorous made up cases studies to portray an issue and then supply a recommended solution.

Jonathan H. Blonstein joined Weinstein Lindemann & Weinstein, A Professional Corporation in September of 2010. He has devoted his practice exclusively to the areas of family law and matrimonial law. Mr. Blonstein handles a variety of family law issues, including divorce, alimony, child support, custody and equitable distribution. He is as a member of the American Bar Association, New Jersey State Bar Association, New Jersey State Bar Associations Young Lawyer's and the Essex and Union County Bar Associations. Mr. Blonstein is also a member of the Northern New Jersey Family Law Inns of Court. Mr. Blonstein successfully completed the beginners and advanced sessions of The Institute for Training Family Law Associates offered by the American Academy of Matrimonial Lawyers.

Michael H. Karu is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. In addition, he is a Certified Divorce Mediator. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Levine, Jacobs & Company, L.L.C. Announces Passage Of Peer Review

Richard M. Hoffman, CPA/CGMA, Member and director of the firm’s audit department in charge of peer-review and quality-standard programs for the accounting firm of Levine, Jacobs & Company, L.L.C., has formally announced that the firm has successfully passed its peer review without exception.

In 1988, the members of the American Institute of Certified Public Accountants (AICPA) overwhelmingly approved a proposal that requires AICPA members in public practice to participate in a practice-monitoring program. With the adoption of this proposal, the AICPA implemented a peer review program of unprecedented scope. Peer review helps assure clients of CPA services that their CPA firm not only measures up to high standards of professionalism but is also committed to improving the quality of its practice.

Peer review provides a mechanism whereby a firm engages a peer firm to review its system of quality control related to the application of professional accounting, auditing, and attestation standards. The AICPA Peer Review Program is important because it strengthens the quality control of member firms and encourages them to improve processes by correcting any shortcomings, thereby enhancing the quality of the profession and contributing to the public’s confidence.

The Importance of Forensics in Finding Financial Fraud ( Oct, 2013)

Livingston, NJ -- Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, LLC, www.ljcpa.com was recently interviewed by New Jersey Business magazine, the flagship publication of the New Jersey Business & Industry Association (NJBIA), in its September 2013 issue.

Shows like CSI have created a huge public interest in the field of forensics. Karu spoke with writer, Mike Silverstein for this article, “Financial Mischief Afoot? Call a Forensic Accountant….How CPAs help uncover fraud and other financial shenanigans.” They spoke on Karu’s training, the deep relationships needed to be successful in this field, especially when being asked to testify as an expert witness. Karu elaborated on the variety of clients that can be helped with forensic accounting such as divorcing couples– where one party is believed to be hiding or skimming money from the other spouse. This is just one example illustrating the use of forensics in identifying financial fraud.

Michael H. Karu is a Certified Public Accountant of the State of New Jersey and member of the accounting firm of Levine, Jacobs & Company, LLC. Michael received his Certification in Financial Forensics from the American Institute of Certified Public Accountants (AICPA) in 2008 and as a Chartered Global Management Accountant in 2012. In addition to his many duties as member in charge of the business valuation and litigation support, health care and food groups, Michael heads the firm’s estate and trust practice.

Michael is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. In addition, Michael is a Certified Divorce Mediator.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs, for which he chaired. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

Leading Accounting Firm Interviewed By HyperLocal News Site

Livingston, NJ – The Alternative Press, an all-online, objective, independent, daily local newspaper, sat down with Michael Karu, CPA/CFF/CGMA, member in charge of the firm’s business valuation and litigation support, health care and food groups, to discuss this sixty year old firm and its plans for continuous growth. The article, “Growth Continues for CPA Firm, Levine, Jacobs & Company, LLC,” can be read in its entirety at:  http://www.thealternativepress.com/articles/growth-continues-for-cpa-firm-levine-jacobs-and-c

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region.

Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Levine, Jacobs & Company, LLC, Member Discusses Lottery and Taxes on Radio

Livingston, NJ – Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, LLC, www.ljcpa.com was recently interviewed on WCTC-AM’s, NJ Today show where he shared reasons why the winner or winners should NEVER cash their check before speaking with someone knowledgeable in both the lottery and taxation. Cashing the check immediately will eliminate any type of planning that may be available. As Michael has stated, “Taxes will shrink the dream quite substantially.”

To hear the interview in its entirety, please visit: http://www.ljcpa.com/downloads/MichaelMay13.mp3

Michael H. Karu is a Certified Public Accountant of the State of New Jersey and member of the accounting firm of Levine, Jacobs & Company, LLC. Michael received his Certification in Financial Forensics from the American Institute of Certified Public Accountants (AICPA) in 2008 and as a Chartered Global Management Accountant in 2012. In addition to his many duties as member in charge of the business valuation and litigation support, health care and food groups, Michael heads the firm’s estate and trust practice.

Michael is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. In addition, Michael is a Certified Divorce Mediator.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section. He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs, for which he chaired. Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania. Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region. Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Levine, Jacobs & Company, LLC Pleased To Announce Acquisition

May, 2013, Livingston, NJ – Levine, Jacobs & Company, LLC is proud to announce the acquisition of the accounting practice of Sy Helderman, CPA. The firm’s vast experience in the pharmaceutical, construction, entertainment as well as other industries will allow for a smooth transition. All clients receive the benefit of the diverse knowledge and understanding that each deserves.

According to Robert J Blackwell, CPA/PFS/CGMA, Managing Member, Levine, Jacobs & Company, LLC, “We are very pleased with this latest development in our firm as we continuously seek to deliver robust offerings to our clientele.”

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region.

Levine, Jacobs & Company, LLC, Managing Member, Highlighted In Business Trade Magazine

May 2013, Livingston, NJ – Robert J. Blackwell, CPA/PFS/CGMA and Managing Member of Levine, Jacobs & Company, L.L.C., was highlighted in the May 2013 issue of Commerce magazine – the flagship publication of the Commerce & Industry Association of New Jersey.

In the special Accounting Roundtable section, participants were asked about the recent surge in Mergers & Acquisitions (M&A). According to Bob Blackwell, one of the accounting managing partners interviewed, “….Any sale, merger or acquisition should not be taken lightly. A professional team should be in place that understands the owner’s goals and objectives. Depending on whether the company is the acquirer or the target, our advice would be similar, but different. Regardless, proper due diligence is imperative and may include the preparation of a business valuation. As a target, the owner needs to accept his/her role after acquisition; must be confident in the acquirer’s ability to fulfill its obligations under the contract; recognize the tax considerations of the transaction; and must be available to assure a proper transition. For the acquirer, the same is true in reverse. In a merger, the benefits and opportunities including any economies of scale generated by consolidating the entities must be considered along with how this merger will affect your current business model, market growth, products or services offered; what must be done to integrate the two businesses; whether the new entity will require additional capitalization; and the chain of command that will ensure. As in marriage, you need to be confident in your choice of a partner.”

Mr. Blackwell provides accounting, tax and consulting services for a diverse client base of individuals and closely held or family-owned businesses. He also plays an active role at the firm’s wealth planning provider, Cetera Advisor Networks, LLC, A Cetera Company. Levine Jacobs & Company and Cetera Advisor Networks, LLC are not related entities. Mr. Blackwell is licensed to sell securities, mutual funds, life and health insurance as well as other brokerage products. Other areas of professional services include the establishment and administration of individual retirement accounts, IRA and 401K rollovers and Section 529 plans. He is a licensed Certified Public Accountant in both New Jersey and New York , and a Personal Financial Specialist (PFS). Working closely with clients, Robert combines knowledge, experience and insight to recommend investments that will assist them in achieving their business and financial goals.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey , New York and Pennsylvania .

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston , NJ , clients are located throughout the New Jersey , New York and Pennsylvania tri-state region.

Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Steven L. Levine, CPA/PFS/CGMA, Levine, Jacobs & Company, LLC, Quoted on Financial Website

Livingston, NJ – Steven L. Levine, CPA/PFS/CGMA, a founding and senior member of Levine, Jacobs & Company, L.L.C. was quoted on www.depositaccounts.com in the article, “Retirement Debate: To Retire or Not?

In the article, Mr. Levine discussed the pros and cons of downsizing in retirement. To see the article in its entirety, please read here:
http://www.depositaccounts.com/blog/retirement-debate-to-downsize-or-not.html

Leading Accounting Firm Member Discussed Financial Cliff and Its Ramifications on Radio Roundtable

Livingston, NJ – On a December 26th, 2012, Richard M. Hoffman, CPA, a Managing Member of Levine, Jacobs & Company, LLC participated in WCTC-AM’s Financial Roundtable discussion of the fiscal cliff and its short and long-term ramifications. Bert Baron, Host, NJ Today, WCTC radio served as moderator.

To hear the interview in its entirety, please visit: http://www.ljcpa.com/downloads/fiscal%20cliff%20wctc%20122612.mp3

Richard Hoffman is director of the firm’s audit department and in charge of the peer-review and quality-standards programs for which the company has consistently received superior ratings. Richard’s aptitude for building professional relationships is evident in his large client base that includes medical and legal professionals, real estate development and management, retail/wholesale distribution and manufacturing. Richard’s expertise also extends to matrimonial, litigation support and forensic engagements. He has served as an expert witness relating to arbitration/mediation proceedings and plaintiff litigation.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region.

Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.

Peer Review Program

Levine Jacobs & Co is happy to announce that on June 23, 2010 the firm passed its AICPA peer review program. To see the report please click here.

Avoiding an Unhealthy Divorce Agreement

You’re in the final stages of your divorce negotiations. The attorneys for both sides are busy drafting a property settlement and divorce agreement that will legally bind the actions of you and your (soon to be) ex-spouse for many years to come. This is a very emotional time for both parties and, in their haste to complete the process, it is not unusual that certain legal issues are vaguely addressed or, in some cases, omitted in their entirety. ...read more

Spot Changing Trends and Jump On Them Fast

EVERY WEEK, John Drobach, CEO and owner of Peter A. Drobach Co. in Union, spends about three days out of his office meeting with clients. He does it to be sure his third-generation business will be around for the next generation of Drobachs. “It’s an eye opener,” says Drobach, 58, whose grandfather launched the construction-equipment rental and salescompany in 1938. “I find out what kinds of issues are on our customers’ minds, and that lets us adjust our company’s operations to meet their needs. After one meeting like that, we ended up getting into a whole new line of equipment rental.” ...read more

Steer Clear of Common Tax Mistakes

April brings blooming flowers, budding trees, and dreaded tax time. If you're one of the millions who hasn't yet prepared their return, don't panic. There's still time, though yes, the clock is ticking. As you ponder your return, here's a look at some common mistakes, and how you can avoid them. ...read more

The Divorce Dos and Don'ts

Every year in this country, thousands of couples are involved in separation or divorce proceedings, which become very emotional and costly processes. Here is some sound advice for those who are about to begin such a process. ...read more

An Understandable Summary of Business Valuation in the Context of Matrimonial Litigation

The purpose of this article is to provide an easily understandable summary of how business valuation is performed for most businesses within the context of matrimonial litigation. In this article, the methodology examined to determine value is the income capitalization method. There are other valuation methods that can be used, but this is one that is more commonly used to value businesses in divorces. The major exception is a business that owns real estate, in which case a real estate appraisal would be required. ...read more

Factors to Consider When Moving Business

"We have a retail business that has been in the same location for 35 years. The neighborhood is changing and our customers are not local anymore. We have been looking to move to a highway location, but we are a little intimidated by the costs and risks of a move. Our other thought is to move to more industrial warehouse space and turn our great customer list into a Web-based business. Both ideas are big changes. With three years left on our current lease, what are your thoughts on the best way to proceed?" ...read more

Retirement Options Favor The Early Planner

After running his own engineering consulting firm for about five decades, 84-year-old Si Barer is getting ready to slow down. The sole proprietor of Barer Engineering in Lakewood is getting ready to put his business up for sale, and hopes the proceeds will help tfund a comfortable retirement. But he’s not betting everything on it. ...read more

No double-dipping in equitable distribution

When you’re at a cocktail party, you don’t dip a tortilla chip into the salsa, take a bite out of it and then dip it back into the salsa again. Similarly, in a divorce, you can’t divide the value of certain financial benefits between the parties in equitable distribution and then also use that financial benefit to determine alimony....read more

Niche Practice Solution to a Problem

With our niche in the furniture industry, we face issues that frequently occur in that industry, but are less frequent in others. One of our clients is a retail home furnishings business with two locations that had been providing its customers with delivery services. To do so, the client was leasing two warehouses, one for each location. ...read more

Personal Financial Statement

Personal financial statements are prepared for many purposes including obtaining credit, tax and retirement planning, or public disclosure of financial affairs.
The primary focus of these statements is to list a person’s assets and liabilities at their estimated current value. Typically, the methods used to determine current values should be disclosed. The requirement of using current value is a significant distinction between personal financial statements and business financial statements....read more

Why such high forensic accounting fees?

Let’s explore the reasons giving rise to excessive forensic accounting fees in matrimonial litigation. Typically, in a divorce where either substantial assets exist, or either spouse has a high income, one or both of the attorneys involved will advise their client to hire a certifi ed public accountant to address certain fi nancial matters. The CPA’s task may be to prepare a marital balance sheet summarizing the assets of the parties, an income analysis, a business valuation if either spouse operates a business, a search for hidden income or a lifestyle analysis to determine the amounts spent by the parties during the marriage. These tasks are generally beyond the scope of the attorney’s expertise, but provide assistance to the Court in determining equitable distribution and alimony. ....read more