/Tag: Michael Savoy

Gumbiner Savett Inc’s Michael Savoy to be the Featured Speaker for the California Board of Accountancy’s (CBA) Outreach Event

By |2019-05-29T19:20:09+00:00April 8th, 2019|Categories: Articles, Blog, News|Tags: , , , , |

Michael Savoy, CPA, CGMA The two-hour program will discuss the rewards and values of the CPA License   Santa Monica, CA — March 8, 2019 — Gumbiner Savett Inc., is pleased to announce that shareholder Michael Savoy, CPA, CGMA, will be speaking at the CBA’s CPA Exam Information Session this Thursday, April 11 [...]

Gumbiner Savett Inc.’s Pradeep Budhiraja appointed to the California Board of Accountancy’s Qualifications Committee (QC)

By |2018-12-20T17:14:25+00:00December 19th, 2018|Categories: Blog, News|Tags: , , , , , |

Santa Monica CPA will serve to provide consumer protection. Santa Monica, CA — December 19, 2018 — Gumbiner Savett Inc., one of the largest full-service public accounting firms in Southern California, is proud to announce that its shareholder, Pradeep Budhiraja, CPA, has been appointed by the California Board of Accountancy to serve on one of [...]

Michael Savoy to be Honored by National Jewish Health and Los Angeles Professional Services

By |2017-05-24T13:42:07+00:00April 28th, 2016|Categories: News, Press|Tags: , , , , |

Michael Savoy, CPA, CGMA, a senior shareholder at Gumbiner Savett Inc., is being honored with the Humanitarian Award at the National Jewish Health and Los Angeles Professional Services Black and White Ball to be held on June 4, at the Skirball Cultural Center, in West Los Angeles. The Humanitarian Award recognizes an honoree who has [...]

Leading the CBA

By |2017-05-24T13:42:24+00:00May 5th, 2014|Categories: News, Press|Tags: , , , , |

CalCPA Magazine recently interviewed GS Managing Director and California Board of Accountancy President Michael Savoy about what is happening in at the CBA. With over 87,000 licensed accountants in California, there were several questions to be answered. See the full article online.

Inside Public Accounting Interviews Michael Savoy

By |2017-05-24T13:42:25+00:00March 17th, 2014|Categories: Press|Tags: , , , |

INSIDE Public Accounting, a national newsletter for analyzing news, trends and best-practices about the accounting profession, recently interviewed our managing director, Michael Savoy, due to his role as the California Board of Accountancy (CBA) President. Topics discussed included, transparency in the profession, improvements planned for practitioners and opportunities and challenges faced by CPA firms in [...]

Is Lending Money to a Relative a Good Idea?

By |2017-05-24T13:42:30+00:00January 15th, 2014|Categories: Articles, Business Advice|Tags: , , |

Loaning money to a relative may not seem like a good idea. However, under the right circumstances, it can be a positive and profitable experience for you and your relative. For example, your savings may be earning very low interest in a bank CD or savings account.  Meanwhile, your niece may need to borrow money [...]

Business Succession Planning at Year End

By |2017-05-24T13:42:30+00:00December 30th, 2013|Categories: Articles, Business Advice, Succession Planning|Tags: , , , , , , , |

Year end is a time of planning for many business owners. Right now, your borrowers are strategizing about ways to grow, minimize tax and budget for the year ahead. An important part of this process is succession planning and preparing the next generation of management for what lies ahead. You, of course, have a vested [...]

California Board of Accountancy Elects Gumbiner Savett’s Michael Savoy as President

By |2017-05-24T13:42:31+00:00December 4th, 2013|Categories: News, Press|Tags: , , , , , |

Our very own, Michael Savoy, CPA, managing director of Gumbiner Savett Inc., has been elected president of the California Board of Accountancy (CBA) for 2014. “Becoming president of the CBA is a huge honor,” stated Michael, “California has the largest group of licensed accounting professionals in the country. The board is focused on upholding the standards [...]

The Role of ESOPs in Retirement Planning

By |2017-05-24T13:42:31+00:00October 16th, 2013|Categories: Articles, Business Advice, ESOPs, Estate & Trusts, Succession Planning|Tags: , , , , , , , , |

Most business owners have a lot of wealth tied up in their companies. If you’re in the same boat, how can you convert some of that wealth into cash to help pay for your retirement? Many C corporation owners have found that an Employee Stock Ownership Plan (ESOP) — a qualified retirement plan, similar to [...]

Handing Off the Family Business

By |2017-05-24T13:42:34+00:00April 10th, 2013|Categories: Articles, Business Advice, ESOPs, Estate & Trusts, Succession Planning|Tags: , , , |

Family business owners often make certain assumptions — that their children will gladly succeed them or that they’ll be able to transfer ownership and enjoy a comfortable retirement. Such assumptions can be dangerous. For starters, family members may have other career objectives. Even if they don’t, succession planning can be tricky, involving both your retirement [...]

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