The Ovation Awards were announced June 12th at the NJCPA Annual Convention and Expo and distributed in seven categories: Diversity, Equity & Inclusion; Emerging Leaders; Exceptional Educators; Impact; Innovation; Lifetime Leader; and Women to Watch.
The Impact category recognizes those who dedicate meaningful time and energy to any of the following commendable endeavors: giving back to the community; sharing professional expertise to support others; or advancing the interests and needs of the accounting profession through active engagement, leadership or advocacy.
Karu was very appreciative and commented, “Thank you to the New Jersey CPA Society for honoring me with an Ovation Award under the Impact category. Being recognized by an organization of my peers is truly special and is a testament to all of the hard work that I’ve put in helping to build my firm while giving back to my profession and community.”
Michael H. Karu was specifically recognized for engineering the growth of a firm of 8 people and a gross of under $1M to approximately 30 people and a gross of over $5M. Karu is altruistic and civic-minded and has held many leadership positions in the Rotary Club of West Orange, as well as serving as Treasurer for Help the Children Hear, an organization that repurposes hearing aids for children in third world countries. He has previously served as a board member for the New Jersey Ballet Company and as a trustee, officer, and audit chairman of Oheb Shalom Congregation.
Firmwide, Karu has spearheaded the company’s involvement in numerous philanthropic endeavors, including being a sponsor for Relay for Life, The Livingston Little League, The Fall Tune-Up Soccer Tournament, The Big L Club, as well as an active supporter of many other local organizations. Recently, under Michael’s guidance, the firm sponsored a food drive with the beneficiaries being two local food pantries, and collected donations and served as a pickup location for ‘Movers for Moms’ a charity which brings necessary items to women’s shelters in time for Mother’s Day.
The NJCPA, with more than 14,500 members, represents the interests of the accounting profession and advances the financial well-being of the people of New Jersey. The NJCPA plays a leadership role in supporting the profession by providing members with educational resources, access to shared knowledge and a continuing effort to create and expand professional opportunities.
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net
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.
Karu received his B.S. degree in Business Administration from The Ohio State University and 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, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
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. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
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