Levine, Jacobs & Company Member Quoted In Bloomberg
Government seeks to implement taxes on streaming, ride-sharing, and more.
- (1888PressRelease) November 21, 2015 - Livingston, NJ - Michael H. Karu, CPA/CFF/CGMA, Past-Managing Member, Levine, Jacobs & Company, L.L.C., was quoted in an article on Bloomberg titled "Tax Collectors Are Going After Netflix, Airbnb, and Burning Man".
The article discusses potential new tax impositions on streaming services, ride-sharing services, music festivals, junk food, e-cigarettes, and short-term room rental services. The taxes that the government seeks to impose could lead to controversy and dissatisfaction. Karu believes the government will attempt to implement taxes on any type of product or service that is developed, so long as people do not complain excessively about it.
To read the entire article, please click here:http://www.ljcpa.com/press-releases.html
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.
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