While private equity-backed mergers and acquisitions dominate headlines, a growing number of firms are finding success by choosing a different path.Private equity dollars continue to reshape the accounting and advisory industry. The five fastest growing firms of last year are all backed by private equity. Still, many firms are asking a critical question: is it possibl [...]

Recent legislative changes and the complexities of tariffs can affect entertainment businesses with international tax implications. This episode of Media Clips talks opportunities and challenges.Media Clips’ host and GHJ Entertainment Practice Leader Ilan Haimoff speaks with GHJ International Tax Practice Leader Polina Chapiro and GHJ Int [...]

The One Big Beautiful Bill Act (OBBBA) marks the most significant overhaul of nonprofit tax policy since the Tax Cuts and Jobs Act (TCJA) of 2017. This comprehensive tax legislation brings both opportunities and significant challenges for nonprofit organizations across America.The new law presents a mixed landscape for nonprofits. For some organizations, new tax [...]

From the State and Local Tax (SALT) cap to Global Intangible Low Taxed Income (GILTI) modifications, the One Big Beautiful Bill Act (OBBBA) ushers in several tax provisions that require SALT considerations and business owners to act. H.R.1, or the OBBBA, brings major changes to the tax law and extends several provisions first enacted under the Tax Cuts and J [...]

For foreign owners selling real estate, the tax law is extensive and intricate, and having a clear understanding of the rules can help leaders navigate and plan for a sale. The Foreign Investment in Real Property Tax Act (FIRPTA) was enacted in 1980 to target foreign individuals and businesses that invest in U.S. real estate. The belief at the time was that the lack o [...]

Even without lab coats or patents, your company could qualify for powerful tax incentives if you know where to look. RETHINKING WHAT QUALIFIES AS R&DWhen business owners hear “R&D,” they often picture high-tech labs or pharmaceutical breakthroughs. But the reality is much broader and more accessible.“Companies think they have to be in lab coats or develop [...]

AI is not just about automation — it is a game-changer for firm growth. Beyond streamlining processes and improving accuracy in client accounting and advisory services (CAAS), the real opportunity lies in strategically implementing AI to deepen client relationships and reimagine their advisory model.So, what are the key ways firms can move beyond awareness and begin b [...]

From making the tax rate on what was formerly known as GILTI income permanent and increasing the Base Erosion and Anti-Abuse Tax rate, to establishing more favorable sourcing of income from domestically manufactured goods, the One Big Beautiful Bill Act (OBBBA) marks significant changes for businesses and individuals with cross-border activities. International ta [...]

Now that the One Big Beautiful Bill Act (OBBBA) has been signed into law, business leaders should pay close attention to the impact this can have on their corporate taxes. On July 4, President Trump signed H.R. 1 into law, official enacting the OBBBA. The House approved the bill on July 3 without modification to the version previously passed by the Senate on July [...]

For high-net-worth individuals and estate planners, the One Big Beautiful Bill Act (OBBBA) includes impactful provisions that will shape planning strategies for years to come.The OBBBA has officially been signed into law, delivering one of the most comprehensive overhauls to the tax code in recent years. While much of the House framework held, the Senate made key [...]