Michael Savoy, CPA

Experience

Michael is a member of the executive committee at Gumbiner Savett Inc., and is the firm’s managing director. He is also the current President of the California Board of Accountancy, which regulates more than 87,000 licensees.

Michael has over 40 years of experience in business related accounting and tax matters. Michael has worked with numerous Los Angeles based law firms as an expert witness in various litigation matters such as: business interruption, damage and loss of earnings matters, partner and shareholder disputes, and misappropriations of funds by fiduciaries.

Michael has also assisted numerous clients over the years in restructuring and refinancing debt. He has often spoken for the California Educational Foundation on succession planning and exit strategies with an emphasis on ESOP’s.

Michael’s leisure activities include golf and baseball card collecting. He is also a former board member of a privately held, not-for-profit day school in Northridge and served as treasurer of the school for 6 years.

service areas

• Audit & Financial Reporting for Privately Held Entities
• Litigation Support & Forensic Accounting
• Succession Planning & Exit Strategies
• Tax Planning & Compliance

clients served

• Aerospace
• Apparel & Textile
• Importing
• Manufacturing & Distribution
• Real Estate

activities & memberships

• California Board of Accountancy, President; Former Chair of Committee on Professional Conduct; Board Member
• BKR International, Americas Region Board - Former Chairman
• Los Angeles Chamber of Commerce, Executive and Finance Committee, Board Member
• American Institute of Certified Public Accountants, Member
• California Society of Certified Public Accountants, Member
• Employee Stock Ownership Plan Association, Member

articles & speeches

• Employee Stock Ownership Plans for Today’s Businesses, September 2011
• ESOPs – A Multifaceted Strategy for Your Manufacturing Business, January 2012
• 1- Retiring? Plan out Your Succession Plan, March 2012
• 2- Retiring? Plan out Your Succession Plan, March 2012
• 1- Succession and Estate Planning For a Fruitful Retirement, March 2012
• 2- Succession and Estate Planning For a Fruitful Retirement, March 2012
• Are You a Baby Boomer with a Closely Held Business?, August 2012
• A Family Limited Partnership for Your Succession Plan, March 2013
• Handing Off the Family Business, April 2013
• Pricing Your Product or Service For Maximum Value, April 2013
• Six Steps for a Smooth Business Sale, July 2013
• The Role of ESOPs in Retirement Planning, October 2013
• Business Succession Planning at Year End, December 2013
• Is Lending Money to a Relative a Good Idea?, January 2014

education

• Pace University, New York, NY, B.B.A., Accounting