Steven L. Levine, CPA/PFS/CGMA, Levine, Jacobs & Company, LLC, Quoted In Trade Publication

Livingston, NJ – Steven L. Levine, CPA/PFS/CGMA, Senior Founding and Co-Managing Member,  Levine, Jacobs & Company, L.L.C., was highlighted in the May 2014 issue ofCommerce magazine – the flagship publication of the Commerce & Industry Association of New Jersey. 

In the special Managing Partners’ Accounting Roundtable section, participants were asked about Best Practices in regard to either  merging, acquiring or locating a company in New Jersey.   

According to Steve Levine, one of the accounting managing partners interviewed, “….There are pros and cons to be taken into consideration when deciding to establish company headquarters in New Jersey.  Because of its close proximity to New York City, one of the pros to be considered includes the geographic as well as cultural advantages that New Jersey offers to a company.  The convenience of major airports and mass transit is available as well as numerous upscale towns with desirable public and private school systems that serve to attract young company executives with growing families.  New Jersey also provides an educated workforce to support a company’s operations.  However, establishment of a business base requires careful consideration of the tax environment.  Unfortunately, companies and their employees who locate and work in New Jersey are subjected to one of the highest income tax rates in the country.  The overall tax picture in New Jersey includes State sales taxes, inheritance and estate taxes, real estate taxes, and transportation taxes.  This tax burden can present a financial hurdle for companies considering relocation.  Before choosing to locate or to headquarter a business in New Jersey, attention should be given to the pros and cons.”

Steven L. Levine is a founding and Co-Managing member of Levine, Jacobs & Company, LLC. He is also a Personal Financial Specialist (PFS), a designation awarded to accounting professionals after 750 hours of extensive and comprehensive training. Only select qualified practitioners nationwide have passed the complex exam. Steve is an active participant at the firm’s wealth planning provider, Financial Network Investment Corp., a Cetera Company.  Levine, Jacobs & Company and Financial Network Investment Corporation are not related entities.

He also holds Series 6 and 65 security licenses. Possessing a vast knowledge of estate planning that helps clients minimize tax effects on their estates, he has also written various articles pertaining to investment advice.

Steven Levine is a Member in the American Institute of Certified Public Accountants (AICPA), the AICPA Personal Financial Planning Section and New Jersey Society of Certified Public Accountants (NJSCPA).

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.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region.

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.

####