The IRS and the State of California have announced significant tax relief measures for individuals and businesses affected by the devastating wildfires in California. This relief applies to taxpayers in areas that the Federal Emergency Management Agency (FEMA) has designated as federally declared disaster zones. Currently, individuals and households residing or operat [...]

The roller coaster of the Corporate Transparency Act (CTA) implementation continues. As discussed in a prior alert, a federal judge issued a temporary injunction for CTA pending resolution of the United States government appeal.   On Dec. 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit granted a stay of the district court’s preliminary i [...]

The recent presidential election and the Fed’s decisions to cut rates by a collective 75 basis points underscore the need for business owners to consider whether they should sell their company and consider a merger or acquisition (M&A).Since July, GHJ has seen a significant uptick in activity as investment bankers plan for transaction launches in Q1 2025 with incr [...]

The Corporate Transparency Act (CTA) remains on hold pending an appeal from the United States government after a temporary injunction was issued by a federal judge. This means that businesses will not have to file beneficial ownership reporting unless the preliminary injunction is lifted. It seems unlikely that there will be a decision prior to the Jan. 1, 2025 f [...]

When preparing for year-end tax planning, what should businesses and individuals know about navigating state and local taxes (SALT)? GHJ’s Tax Practice has developed a comprehensive 2024 Year-End Tax Guide to help businesses and individuals navigate key tax considerations before closing out the year. Each installment in this series addresses critical topics that [...]

What should individuals know about retirement contributions, estate planning and other year-end tax moves? GHJ’s Tax Practice has developed a comprehensive 2024 Year-End Tax Guide to help businesses and individuals navigate key tax considerations before closing out the year. Each installment in this series addresses critical topics that will help taxpayers plan p [...]

What should businesses and individuals with cross-border transactions know as they prepare for year-end tax planning? GHJ’s Tax Practice has developed a comprehensive 2024 Year-End Tax Guide to help businesses and individuals navigate key tax considerations before closing out the year. Each installment in this series addresses critical topics that will help taxpa [...]

What should individuals know about optimizing investments and charitable giving before the year ends? GHJ’s Tax Practice has developed a comprehensive 2024 Year-End Tax Guide to help businesses and individuals navigate key tax considerations before closing out the year. Each installment in this series addresses critical topics that will help taxpayers plan proact [...]

What should businesses know as they prepare for year-end tax planning to optimize tax positions, ensure compliance and mitigate future risks?GHJ’s Tax Practice has developed a comprehensive 2024 Year-End Tax Guide to help businesses and individuals navigate key tax considerations before closing out the year. Each installment in this series addresses critical topics th [...]

How can producers maximize the value of their profit participation deals in today’s entertainment landscape?On this episode of the Media Clips Podcast, Host and GHJ Entertainment Practice Leader Ilan Haimoff is joined by Paul Hastings Partner and Entertainment and Media Practice Global Co-Chair Erik Hyman and Shamrock Capital Principal Aaron Wizenf [...]