“When you are passionate about supporting a cause you believe in, you can make things happen.” says Shreedhar (Shree) Kothari (shown in photo with wife Roopa), a shareholder here at Gumbiner Savett. For the fourth year in a row, Shree is in the middle of tax busy season and is still “making things happen” as [...]
One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next generation. In many cases, the best time tax-wise to start transferring ownership is long before the owner is ready to give up control of the business. A family limited partnership, or FLP, [...]
We are pleased to announce the promotion of two of our staff members to manager: Stanislava Niatylka is now a tax manager and Joseph Ventura is an audit manager. “With the excellent firm growth we are experiencing in both the audit and the tax practices, we chose to promote Stanislava and Joseph to managers,” says [...]
Michael Savoy, Gumbiner Savett’s managing director, has been elected vice president of the California Board of Accountancy (CBA) for 2013. Appointed to the CBA less than two years ago by then Gov. Arnold Schwarzenegger, Michael has previously served as secretary/treasurer. “I look forward to continuing my role as a leader for the CBA,” says Michael. [...]
In my previous post I talked about assessing where you are and planning for succession. In this discussion I want to cover your estate plan and picking the right partners. Think retirement The first considerations for retirement planning are your health, lifestyle and any financial obligations. You will use these to determine your required revenue [...]
You’ve worked for many years to build a successful company, and now you’re starting to think about retirement. To ensure a smooth exit from the workplace, establish your retirement and estate plans now — well before you’re ready to sell or transfer your business. Early planning will help ensure that you adequately provide for your [...]
