Arithmetic […] is a kind of knowledge which all arts and sciences, and indeed every branch of thought, uses as a necessity, and which forces the soul upward and compels it to reason about the nature of things.
— Plato The Republic

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Karolis Matulis

CPA, CITP, CVA, Principal

Karolis is the Practice Leader of the firm’s Mergers & Acquisitions group, bringing over a decade of experience advising business owners through the decisions that define their companies — from formation and growth through exit. Whether a client is structuring a partnership, navigating a transaction, or planning a succession, Karolis serves as a trusted advisor across the full business lifecycle.

His M&A and transaction advisory practice spans buy-side and sell-side engagements, including deal structuring, tax modeling, financial due diligence, quality-of-earnings analysis, pricing and valuation, and purchase price allocations. This transactional lens is complemented by deep expertise in business valuation for gift and estate planning, shareholder disputes, and other complex scenarios requiring defensible, well-supported conclusions.

Karolis pairs his advisory work with a forward-looking approach to how firms and their clients operate. He leads the firm’s Innovation Council, driving digital transformation initiatives, technology implementation, and process improvement — and applies data analytics to help clients identify the KPIs and insights that sharpen decision-making.

Karolis brings concentrated industry experience in real estate, advising closely held entities, joint ventures, and syndications on the tax, process, and transactional issues unique to that space. He also serves clients in the healthcare and technology sectors, and has developed a recognized practice around digital assets — including stablecoins, NFTs, tokens, and DeFi — helping owners navigate the evolving tax and regulatory landscape.

Across all engagements, his work is grounded in a strong command of partnership taxation, including complex multi-tier structures, and extends to general tax compliance and planning for closely held businesses and their owners.

Karolis has been with the firm since 2013.

Licenses & Certifications:

  • CPA License: New Jersey
  • CVA: Certified Valuation Analyst
  • CITP Certified: Information Technology Professional

Professional and Civic Achievements:

  • 2020 Recipient, New Jersey Society of Certified Public Accountants (NJCPA) Ovation Award for Innovation
  • Chair, NJCPA Emerging Technology Interest Group
  • Member, American Institute of Certified Public Accountants (AICPA)
  • Member, NJCPA
  • Member, National Association of Certified Valuators and Analysts (NACVA)

Education:

  • Bachelor of Science in Accountancy, The College of New Jersey

What motivates you?

My primary motivation is assisting business leaders in reaching their full potential. I am driven by the challenge of converting complex information into actionable insights and strategies, while identifying opportunities that generate value. Seeing businesses grow, adapt, and achieve new levels of success fuels my passion for what I do every day.

What excites you most about the future of your industry?

The rapid change and automation in our industry is exciting. As a profession we are increasingly able to rise above the mundane and provide better strategic support for our clients.

What advice would you give to the next generation of CPAs and Advisors?

The role of a CPA in the future will differ from that of today. You have the opportunity to shape your career to your aspirations by continuing to learn and develop your skills.

If you had a theme song, what would it be?

Lose Yourself – Eminem