Business Details
Trusted Certified Public Accountants in Long Island, NY
KVLSM LLP has grown into a respected mid-sized certified public accounting firm offering comprehensive accounting, auditing, and tax services. Our team of professionals provides personalized guidance to businesses and individuals across industries including fashion, entertainment, technology, and retail. With expertise in financial statements, tax preparation, mergers and acquisitions, estate planning, and IRS representation, we prioritize one-on-one client relationships and timely, cost-effective solutions.Our commitment to advanced training, cutting-edge technology, and strategic financial planning ensures clients receive tailored advice to minimize liabilities and maximize profitability. Backed by decades of experience in automotive dealership accounting and a network of banking relationships, we deliver actionable insights for business growth and personal financial security.
Services
Tax Preparation
Audit Services
Bookkeeping
Financial Planning
IRS Representation
Payroll Services
Estate Planning
Business Succession Planning
Mergers & Acquisitions
Sales Tax Services
Highlights and features
- We offer personalized accounting services tailored to fashion, entertainment, and automotive industries.
- Our team provides IRS representation with decades of compliance experience.
- Specialized CFO services for business financial strategy and growth planning.
- Certified professionals with advanced training in tax law and financial systems.
- Proven expertise in automotive dealership accounting with 50+ years of combined experience.
Associations and certifications
- Certified QuickBooks Pro Advisor
Services
Tax Preparation
We prepare accurate tax returns for individuals, corporations, partnerships, and trusts using advanced software. Our team ensures compliance with federal, state, and local regulations while optimizing deductions. Clients receive strategic advice to minimize liabilities for both current and future obligations.
IRS Representation
Our CPAs represent clients during IRS audits, collections, and appeals. With decades of experience, we negotiate settlements and resolve disputes efficiently. Services include back-tax resolution, penalty abatement, and compliance guidance for businesses and high-net-worth individuals.
Financial Planning
We create customized financial plans addressing retirement, estate, and investment strategies. Services include cash flow analysis, risk assessment, and tax-efficient wealth transfer solutions. Our advisors help clients achieve long-term financial security through personalized roadmaps.
Audit Services
We conduct comprehensive audits to ensure regulatory compliance and improve business efficiency. Our team provides assurance on financial statements, internal controls, and operational processes. Services include GAAP-based reporting and risk assessment for public and private entities.
Business Succession Planning
We develop transition plans for business owners retiring or transferring ownership. Services include valuation, tax implications analysis, and legal structure optimization. Our goal ensures seamless leadership changes while preserving company value and stakeholder interests.
People
Michael D. Katz
Managing Partner
With decades of experience, Michael D. Katz leads KVLSM LLP's strategic direction. He specializes in tax compliance and business advisory services for entertainment and retail industries, ensuring clients receive expert guidance aligned with regulatory standards.
Randy Sofferman
CPA
Randy Sofferman brings 35+ years of automotive industry expertise. He advises dealerships on mergers, acquisitions, and tax planning while serving as a FINRA-certified arbitration expert. His focus ensures clients navigate complex financial and operational challenges effectively.
Jay Lipner
CPA
Jay Lipner specializes in dealership taxation and business consulting. With 50+ combined years in automotive accounting, he provides tailored solutions for payroll, sales tax compliance, and business formation to support sustainable growth.
Kenneth Lipner
CPA
Kenneth Lipner delivers tax and advisory services to diverse industries. His expertise includes estate planning and financial reporting, ensuring clients maintain compliance while optimizing financial strategies for long-term success.
Alexandra L. Starr
CPA
Alexandra L. Starr provides audit and tax services to corporations and individuals. Her focus on accuracy and client education helps businesses streamline financial processes and achieve compliance with evolving regulatory requirements.
Questions
What accounting services do you offer for automotive dealerships?
We provide buy-sell transactions, valuations, audits, tax planning, and compliance services tailored to automotive dealerships with 50+ years of industry expertise.
How do you handle IRS audit representation?
Our CPAs represent clients during IRS audits, negotiating settlements and resolving disputes with proven strategies for penalty abatement and compliance.
Do you specialize in any industries?
We specialize in fashion, entertainment, technology, retail, and automotive industries, offering tailored tax and financial planning solutions.
What financial planning services are available?
We offer retirement planning, estate strategies, and cash flow analysis to help individuals and businesses achieve long-term financial goals.
Can you assist with QuickBooks accounting software?
As Certified QuickBooks Pro Advisors, we provide setup, training, and reporting solutions to streamline your financial management processes.
How do you support business succession planning?
We develop transition strategies for business owners, addressing valuation, tax implications, and leadership changes to ensure sustainable growth.
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