Business Details
Your Trusted Partner for Accounting Solutions in Woodbury
As a respected certified public accounting firm on Long Island, KVLSM LLP has built a reputation for delivering comprehensive accounting, tax, and financial advisory services tailored to the unique needs of individuals and businesses across diverse industries. With a dedicated team of professionals, the firm combines technical expertise and personalized attention to ensure clients receive strategic solutions that align with their financial goals. Our commitment to excellence is reflected in our ongoing investment in advanced technology, continuous professional education, and fostering strong client relationships grounded in transparency and responsiveness.For over two decades, we have prioritized client success through proactive tax planning, accurate financial reporting, and proactive advisory services designed to minimize liabilities and maximize growth opportunities. Our affiliation with major financial institutions enables us to provide clients with enhanced access to capital and tailored financial strategies that support long-term stability and profitability.
Services
Tax Preparation
Accounting Services
Consulting Services
IRS Representation
Financial Planning
Audit Services
Payroll Services
Business Succession Planning
Employee Benefit Plans
Highlights and features
- Our team has over 20 years of experience in accounting and tax advisory services.
- We offer personalized, one-on-one client attention and tailored financial strategies.
- Specialized expertise in tax planning for fashion, entertainment, and technology industries.
- We guarantee prompt, professional communication and responsive client support.
- Our partnerships with major financial institutions enhance client access to capital.
What people say
Personalized attention
Expertise in tax planning
Responsive communication
Strategic financial solutions
Industry-specific knowledge
Services
Tax Preparation
KVLSM provides comprehensive tax preparation services for individuals and businesses, ensuring compliance with federal, state, and local tax regulations. Our team leverages in-depth knowledge of evolving tax laws to identify deductions and credits that reduce liabilities. This service caters to professionals, corporations, and self-employed individuals seeking accurate, timely tax filings.
Accounting Services
The firm offers full-cycle accounting solutions, including financial statement preparation, bookkeeping, and audit services. These services are designed to maintain accurate financial records, support regulatory compliance, and provide actionable insights for business decision-making. Clients benefit from tailored processes that align with their operational complexity and industry requirements.
Consulting Services
KVLSM delivers strategic consulting services spanning tax planning, business succession, and retirement planning. Our advisors focus on long-term financial optimization by integrating industry expertise with personalized strategies. This service targets businesses and individuals navigating complex financial transitions or seeking to enhance profitability and risk management.
IRS Representation
The firm advocates for clients during IRS audits and disputes, leveraging extensive experience in tax law and regulatory compliance. Services include preparing documentation, negotiating settlements, and resolving tax return discrepancies. This offering is critical for clients facing tax-related legal challenges or requiring expert intervention to minimize penalties.
Employee Benefit Plans
KVLSM assists businesses in designing and managing employee benefit plans, including retirement programs and compliance reporting. Our approach ensures adherence to regulatory standards while aligning plans with organizational objectives. This service supports companies aiming to attract talent and improve employee retention through competitive benefits frameworks.
People
Michael D. Katz
Managing Partner
Michael D. Katz, CPA, ATA, leads KVLSMs strategic direction and client service initiatives. With over 25 years of experience in public accounting, he specializes in tax planning for high-net-worth individuals and corporations in the entertainment and fashion industries.
Jay Lipner
CPA
Jay Lipner, CPA, focuses on corporate accounting and tax compliance, serving mid-sized businesses in technology and retail sectors. He brings expertise in financial statement analysis and audit representation, ensuring clients meet regulatory obligations efficiently.
Kenneth Lipner
CPA
Kenneth Lipner, CPA, specializes in personal financial planning and retirement strategies. His client-centric approach emphasizes long-term wealth preservation and tax-efficient investment structures, serving individuals and families seeking comprehensive financial guidance.
Diane Claiborne
Director of Operations
Diane Claiborne manages day-to-day operations at KVLSM, ensuring seamless administrative and client support processes. With 15 years in accounting firm management, she oversees team coordination, technology integration, and client communication systems.
Aslam Mortoza
CPA, CGMA
Aslam Mortoza, CPA, CGMA, provides audit and accounting services for multinational corporations, emphasizing compliance with GAAP standards. His expertise spans cross-border tax implications and internal control assessments, supporting clients in global markets.
Questions
What industries does KVLSM specialize in?
KVLSM provides tailored accounting services for clients in fashion, entertainment, technology, and retail industries, along with general services for other sectors.
Do you offer virtual accounting services?
Yes, we provide digital accounting solutions including virtual bookkeeping, tax preparation, and consulting for clients nationwide via secure platforms.
Can you assist with business succession planning?
Our firm specializes in business succession strategies, offering transition planning, valuation services, and tax-efficient exit strategies for business owners.
What is your experience with IRS representation?
Our team has over 20 years of experience handling IRS audits and disputes, successfully resolving tax return issues and representation before federal agencies.
Do you provide financial planning for individuals?
Yes, we offer comprehensive financial planning services including retirement strategies, investment planning, and tax-efficient wealth management for individuals.
How do you ensure client data security?
We use encrypted platforms and regular cybersecurity audits to protect client information, complying with industry standards for data privacy and confidentiality.
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