LIVINGSTON, NJ – Michael H. Karu, CPA/CFF/CGMA and Member of Livingston’s Levine, Jacobs & Company, L.L.C., was recently highlighted by "NJBIZ" in an article entitled, “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.
The various reasons Tepper might have had to leave New Jersey are discussed throughout the article. Apart from the 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, click here.
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, Karu 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 with a circulation of more than 15,000 copies, as well as providing 24/7 business news coverage through its NJBIZ.com website and multiple daily e-newsletters.