Levine, Jacobs & Company, LLC, Member Interviewed On Financial Advice For Hospitality Industry

Top Quote The Importance of Knowing Your Numbers In This Competitive Market. End Quote
  • (1888PressRelease) May 13, 2015 - Livingston, NJ - Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, LLC, www.ljcpa.com was recently interviewed by Commerce magazine, the flagship publication of the Commerce & Industry Association (CIANJ), in its April 2015 issue.

    Posed with the question of why some bars, restaurants and hotels flourish, while others do not, Karu stated, "Just like every business, the restaurant industry is highly competitive. Having worked in the industry for many years, some advice I would offer is for the owners to be on the premises as much as possible and understand food costing for each location/market in which the establishment is located."

    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 and was recently appointed by the Supreme Court of New Jersey to the Fee Arbitration Committee for the New Jersey State Bar.

    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. Michael 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 and 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.

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