Business Details
Trusted Accounting and Advisory Services in Long Island
KVLSM LLP is a full-service accounting firm dedicated to providing comprehensive financial solutions to businesses and individuals across diverse industries. With a team of experienced professionals, we specialize in tax preparation, audit services, financial planning, and business advisory, serving clients in fashion, entertainment, technology, and retail sectors. Our commitment to personalized service ensures each client receives tailored strategies to optimize financial performance and compliance.We leverage advanced technology and continuous professional development to deliver accurate, efficient solutions while maintaining transparent communication. Our expertise in mergers and acquisitions, estate planning, and IRS representation positions us as trusted advisors for complex financial matters. By prioritizing client partnerships and ethical standards, we aim to foster long-term success through strategic tax-saving methods and proactive financial guidance.
Services
Tax Preparation
Audit Services
Bookkeeping
Financial Planning
IRS Representation
Payroll Services
Estate Planning
Business Consulting
Mergers & Acquisitions
QuickBooks Support
Highlights and features
- We offer personalized accounting solutions tailored to your specific industry needs.
- Our team has over 50 combined years of experience in automotive dealership accounting.
- We provide comprehensive services including tax planning, audits, and IRS representation.
- Our strategic approach identifies tax-saving methods to enhance profitability.
- We maintain transparent communication and prompt professional responses to all clients.
Associations and certifications
- Certified QuickBooks Pro Advisor
Services
Tax Preparation
Our tax preparation services ensure accurate and timely filing for individuals and businesses. We handle complex returns for corporations, partnerships, trusts, and estates while optimizing tax-saving opportunities. Our expertise in evolving tax regulations helps clients minimize liabilities and maintain compliance.
Audit Services
We conduct comprehensive audits to provide maximum assurance on financial statements. Our team evaluates internal controls, verifies records, and delivers actionable insights to improve operational efficiency and regulatory compliance for businesses of all sizes.
Financial Planning
Our financial planning services create structured strategies for long-term stability. We analyze cash flow, retirement goals, and investment portfolios to develop customized plans that enhance financial security and achieve personal or business objectives.
IRS Representation
We provide expert representation during IRS audits and tax disputes. With decades of experience, our professionals negotiate on clients' behalf, resolve compliance issues, and ensure favorable outcomes while minimizing penalties and stress.
Business Consulting
Our business consulting services address growth challenges through tailored solutions. We assist with entity selection, succession planning, mergers, and operational efficiency to strengthen financial performance and support sustainable business development.
People
Michael D. Katz
Managing Partner
With extensive leadership experience, Michael D. Katz oversees strategic operations and client relationships at KVLSM LLP, ensuring high standards of professional service delivery across accounting and advisory practices.
Randy Sofferman
CPA
Randy Sofferman brings over 35 years of automotive industry expertise, specializing in dealership accounting, mergers and acquisitions, and tax consulting while serving as a FINRA-certified resolution arbitrator.
Jay Lipner
CPA
Jay Lipner focuses on tax compliance and business consulting for automobile dealerships, leveraging decades of experience in payroll, sales tax, and operational advisory services for automotive clients.
Kenneth Lipner
CPA
Kenneth Lipner provides comprehensive accounting solutions with a focus on tax strategies and business formation, supporting clients in optimizing financial structures and regulatory compliance.
Alexandra L. Starr
CPA
Alexandra L. Starr delivers specialized accounting services with expertise in financial reporting and tax planning, maintaining a client-focused approach to address diverse business requirements.
Questions
What industries does KVLSM LLP specialize in?
We specialize in serving fashion, entertainment, technology, retail businesses, and automotive dealerships with tailored accounting and advisory solutions.
Do you offer QuickBooks support?
Yes, we are Certified QuickBooks Pro Advisors providing setup, training, and reporting services for businesses using QuickBooks software.
What's the difference between an audit and a review?
Audits provide the highest assurance through detailed examination, while reviews offer limited assurance using analytical procedures without full fieldwork.
How can you help with business succession planning?
We develop strategic succession plans addressing tax implications, leadership transitions, and continuity strategies to ensure long-term business stability.
Do you handle IRS audit representation?
Yes, we provide comprehensive IRS representation services with experienced professionals negotiating on your behalf during tax audits and disputes.
What employee benefit plan services are available?
We assist with designing, implementing, and administering employee benefit plans including compliance, tax reporting, and plan optimization strategies.
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