Levine, Jacobs & Company, LLC, Member Offers Advice on Business Loans and Taxes
Michael Karu, CPA/CFF quoted on NJ.com.
- Newark, NJ (1888PressRelease) February 22, 2022 - Michael H. H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC, was quoted on NJ.com where he discussed the process of taxes and business loans.
"There is no need to treat the monies being used to start the business as loans, unless you plan on charging interest to the business, which is not necessarily the right move for tax purposes" Karu stated.
He elaborated on further actions such as keep records of payments with receipts. “Reimburse whoever paid those expenses from the business and record the expenses. While many items may be de minimis, they will add up.”
To read the article, please click here.
To speak with and/or set up an interview with Levine, Jacobs & Company, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, Senior 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 Certified in Financial Forensics a Chartered Global Management Accountant, and a Certified Divorce Mediator.
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. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
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. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
Media Contact:
Amy Delman
Amy Delman Public Relations, LLC
201.563.4614
amydelmanpr ( @ ) verizon dot net
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam