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Jon Shoemaker to Lead Audit and Accounting at Gumbiner Savett

Jon Shoemaker

IPA 200 firm Gumbiner Savett of Santa Monica, Calif., has named Jon Shoemaker to lead the firm’s audit and accounting practice, effective June 1.

Shoemaker is a 25-year veteran of the firm who has managed and led numerous international accounting and income tax engagements, covering both small and large‐scale audits. His middle-market private company clients span a wide variety of industries and disciplines, including manufacturing and distribution, professional services, internet commerce and employee benefit plans.

“Jon is greatly admired and respected by clients and staff alike,” says Gumbiner Savett managing director Rick Parent. “I am confident he will guide the audit and accounting department to even greater success.”

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Gumbiner Savett Chooses Valerie Colin to Lead Tax Department

Valerie Colin

Gumbiner Savett of Santa Monica, Calif., (FY18 net revenue of $21.2 million) has appointed partner Valerie Colin to lead the tax department, replacing David Thaw, who steps down after seven years at the helm.

Thaw is also the co-leader of the real estate group in the firm and is responsible for overseeing tax compliance with regards to client income tax reporting obligations for public and privately held companies.

Colin celebrated her 25th anniversary with the firm last year. A former auditor turned tax practitioner, Colin has devoted many hours as a mentor to several tax practitioners within the firm as well as to students at Loyola Marymount University, her alma mater.

Gumbiner Savett is an independent member firm of BKR International.

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First Latina Partner Admitted at Gumbiner Savett

Karla Chavez Luna

Gumbiner Savett of Santa Monica, Calif., (FY17 net revenue of $20 million) announced the admission of Karla Chavez Luna to the shareholder group.

“Karla is an excellent practitioner who has proven her skill and commitment to her clients over her tenure at the firm. She is a valuable addition to our shareholder group, especially in the Tax Department,” says Rick Parent, managing director.

Luna began her career with Gumbiner Savett immediately after graduating from UCLA, joining as a staff accountant and earning promotions and leadership roles. Luna is the first Latina to become a shareholder at the firm. She specializes in tax planning and compliance for high-net-worth individuals and their multi-generational families, with a special emphasis in estate and trust planning. She also serves business clients in the manufacturing, real estate, gaming and retail industries.

She most recently held the distinction as a CalCPA Women to Watch and was a 2018 LABJ Influential Women in Accounting.

“She is a recognized leader in the department and an excellent mentor and role model to younger staff,” says David Thaw, tax department leader. “I look forward to working with Karla within the tax department as it continues to grow.”

Gumbiner Savett Acquires Katz Fram & Co.

Gumbiner Savett Inc. of Santa Monica, Calif., has acquired Katz Fram & Co., of Santa Monica, effective June 1. Katz Fram partner, Arnold Fram, comes to Gumbiner Savett as a principal and will spearhead the new business management practice. Katz Fram partner, Kurt Yamaguchi, also joins as a principal.

“We are excited to have the Katz Fram team join Gumbiner Savett,” says Rick Parent, managing director of Gumbiner Savett. “Katz Fram is highly respected in the area of business management, and we are pleased to be able to provide their expertise and this new service to Gumbiner Savett clients. Both Katz Fram and Gumbiner Savett are focused on providing customized solutions and excellent customer service, so we look forward to a smooth and seamless transition as we merge together.”

Headed by Arnold Fram, Katz Fram has served the Los Angeles community since it was established in 1972. The firm provides a full spectrum of tax, accounting and business management services to its roster of clients, with a special focus on serving clients in the entertainment industry. The firm is also experienced in providing services to a broad spectrum of industries, including construction and manufacturing, hospitality, real estate, professional services and wholesale distribution.

“We are thrilled to integrate our practice with Gumbiner Savett,” says Arnold Fram. “Gumbiner Savett’s reputation and breadth of services makes it a natural fit for our existing staff and clients.”

Arnold Fram is a counselor to a significant clientele in real estate, manufacturing, import and wholesale distribution, retail and professional services. He also works with many high net worth individuals in the entertainment industry providing accounting, tax, business management and financial planning services. He also works extensively in the areas of estate and gift planning, post-death planning, estate and trust accounting, estate and trust income, and estate tax compliance.

Yamaguchi is an experienced accounting and tax practitioner who works with clients in a wide variety of industries, including real estate, entertainment, hospitality and restaurants, non-profit organizations, manufacturing and distribution, apparel and professional service firms. Before joining Katz Fram, Kurt served as a partner at a Los Angeles tax practice.

Gumbiner Savett Admits Budhiraja to Shareholder

Pradeep Budhiraja

Pradeep Budhiraja

Gumbiner Savett Inc. of Santa Monica, Calif., admitted Pradeep Budhiraja as a shareholder, effective Jan. 1.

“Pradeep has been a valuable member of the firm for the past 17 years and is well respected among his clients and peers,” says Rick Parent, managing director. “Pradeep is an excellent practitioner, and his leadership will help further expand Gumbiner Savett’s SEC public company practice.”

Pradeep has served as a key member of the audit and accounting department since joining the firm in 2001. He provides audit and financial reporting and business consulting for startup, SEC registered and privately held entities. Over the past four years, he has helped a number of startup companies successfully navigate through the process of their initial public offering. He also has experience in revenue recognition with technology companies. His clients include companies in the technology, manufacturing and distribution, pharmaceuticals, life sciences and telecommunications industries.

Savoy Transitions Out of Managing Director Role of Gumbiner Savett Inc.

Michael Savoy

Michael Savoy

After serving as managing director of Gumbiner Savett Inc. (FY13 net revenue of $16.7 million) of Santa Monica, Calif., for nearly 10 years, Michael Savoy has decided to step down from his position as the head of the leadership team of the firm.

“I have been blessed with the opportunity to run this firm and to help develop young talent for 10 years and it is a good time for a change,” says Savoy. “Change is good, and in an effort to move the firm to a higher level, it is time for the next generation of leaders to take charge. I look forward to the future of this organization with great anticipation,” says Savoy, who has been with the firm for over 20 years. He will assume a role as a full-time client service partner, using his tax and accounting skills of over 40 years with middle market companies and individuals.

Rick Parent

Rick Parent

Rick Parent now fills the position of managing director. Parent has been with the firm for 10 years and has served as the leader of the firm’s accounting and audit department as well as the co-leader of the firm’s real-estate group. “I am honored to take on the role of managing director of the firm,” says Parent. “Michael has lead the firm through much growth and change and I plan to continue to move the firm along a forward trajectory.” Parent specializes in audits and financial reporting for private and publicly held companies, working closely with chief executives and chief financial officers. Prior to becoming a public accountant, Parent was a chief financial officer having worked for both private and publicly-held companies.

Replacing Parent as the audit department leader will be Shreedhar (Shree) Kothari. Kothari has been a certified public accountant for over 20 years, practicing in New York City and Los Angeles. He is also a cost and chartered accountant in India and is well versed with the global business environment. Kothari focuses on helping growth-oriented companies get to the next level with proper audit and financial reporting requirements and tax structuring and planning.

David Thaw will continue as the head of the tax department. Thaw has 20 years of experience in public accounting and is also the co-leader of the real estate group. Thaw is well-known for his experience in advising clients during all stages of business activity such as formation, operations and dispositions.

Savoy Steps Down from Managing Director Role at Gumbiner Savett

After serving as managing director of Gumbiner Savett of Santa Monica, Calif. (FY12 net revenue of $16.3 million), for nearly 10 years, Michael Savoy has decided to step down from his position.

“Change is good, and in an effort to move the firm to a higher level, it is time for the next generation of leaders to take charge. I look forward to the future of this organization with great anticipation,” says Savoy, who has been with the firm for over 20 years. Savoy will assume a role as a full-time client service partner.

Rick Parent now fills the position of managing director. Parent has been with the firm for 10 years, and has served as the leader of the firm’s accounting and audit department as well as the co-leader of the firm’s real-estate group.

Replacing Rick Parent as the audit department leader will be Shreedhar (Shree) Kothari, who focuses on helping growth-oriented companies with proper audit and financial reporting requirements and tax structuring and planning. David Thaw will continue as the head of the tax department.

Gumbiner Savett Announces Two Promotions

Gumbiner Savett Inc. (FY13 net revenue of $16.7 million) of Santa Monica, Calif., announced the promotion of two of its staff members to manager, Natasha Rudnitsky in the tax department and Joanna Lee in the audit and accounting department.

“Joanna and Natasha are strong assets to the firm,” says Michael Savoy, managing director of Gumbiner Savett. “Stepping into a managerial role at a busy time in the firm’s business cycle can be challenging, but both Joanna and Natasha have hit the ground running and are taking on their new roles head-on. We expect to see great things from them and look forward to their continued contributions to the firm.”

A member of the firm for over six years, Rudnitsky works with partnerships, individuals and S corporations. Lee has been with the firm for more than four years and is an audit and accounting specialist who works with construction contractors, manufacturing and distribution clients, and not-for-profit organizations.

Gumbiner Savett’s Mission Statement Makeover

In celebrating its 65th anniversary, Gumbiner Savett Inc. (FY13 net revenue of $16.7 million) of Santa Monica, Calif., unveiled a new company mission, vision statements and core values. After polling staff about the firm’s defining characteristics, the partners took the findings and revamped its previous statement.

Gumbiner_2014

“As the year continues, the goal is to make these statements — and what they represent — a part of firm culture,” says managing director Michael Savoy.

The firm chose to roll out the statements and values in January to ring in the New Year, welcome new staff and kick off the year-long anniversary festivities. The goal of the firm in shaping the new language was to clearly define the purpose of all work provided, while taking into account the overall spirit of the firm and its practitioners.

“The statements speak for themselves as to the importance we place on client service and our staff, says Clare Sataloff, HR director. “We have already started to incorporate these concepts into our recruiting and marketing materials.”

Mission: The purpose of our work is to enrich our clients’ lives by facilitating the achievement of their financial objectives and providing career fulfillment for our employees.

Vision: We are dedicated to being the preeminent assurance, tax and business advisory firm for growth-oriented businesses, middle-market enterprises and high-net-worth individuals in Southern California.

Core Values:

A proactive unified team – We take the initiative to provide optimal results for you.
A solutions-centric approach to service – We assess your needs and understand your unique objectives so that we can deliver the right solution.
A pledge to provide market-leading service – We harness collective wisdom, technical experience and advanced resources for you.
A promise of reliability and accountability – We are here when you need us and stand behind everything we do.
A commitment to creating enduring professional relationships – We will be your lifelong advisor and trusted ally.

Gumbiner Savett Announces New Shareholder

Jon Shoemaker

Jon Shoemaker

Gumbiner Savett (FY13 net revenue of $16.7 million) of Santa Monica, Calif., announced that Jon Shoemaker has been admitted as shareholder of the firm.

“Jon has been a valuable member of the firm for 20 years and is well respected among his clients and peers. He is an excellent practitioner, and I am proud to call him a fellow shareholder,” says Michael Savoy, MP at Gumbiner Savett. “Most recently Jon has taken on more leadership duties within the firm as the head of the not-for-profit practice.”

Shoemaker has been a principal of the firm for three years and is an audit and accounting practitioner. He is well versed in small- and large-scale audits and internal control projects. He works with middle-market clients in various sectors such as manufacturing and distribution, Internet commerce and employee benefit plans. Shoemaker also works with not-for-profit organizations, focusing on associations, private foundations, religious organizations and higher education organizations.

“I am honored to become a shareholder at Gumbiner Savett. The partners and employees have been my work family for many years, and I am looking forward to taking on more leadership responsibilities and continuing to grow the practice,” says Shoemaker.