The IRS and the State of California have announced significant tax relief measures for individuals and businesses affected by the devastating wildfires in Los Angeles County. This relief applies to taxpayers in areas that the Federal Emergency Management Agency (FEMA) has designated as federally declared disaster zones. FEDERAL RELIEF: EXTENDED DEADLINESThe IRS h [...]

From contractor payments to rental income, 1099s capture a wide variety of transactions that directly impact tax filings, and managing 1099 forms is an essential aspect of maintaining compliance with IRS requirements and accurately reporting non-employment income. Staying proactive and informed about 1099 requirements can help businesses avoid penalties and maintain e [...]

In response to the recent devasting wildfires in California, the IRS and California Franchise Tax Board (FTB) have postponed various income tax filing and payment deadlines to October 15, 2025, for affected taxpayers. Further information regarding these postponements can be found in a separate alert, IRS and California Provide Tax Relief for Wildfire Victims. In [...]

CFOs are under constant pressure and face mounting pressures to deliver real-time insights, optimize resources and drive strategic decisions — all while managing routine financial tasks. Automation and data visualization are not just tools; they are transformative solutions that save time, safeguard institutional knowledge and enable finance teams to focus on strategi [...]

The United States’ M&A market in 2025 faces a shifting landscape shaped by key economic and political developments expected under the incoming Republican administration. With post-election uncertainty largely alleviated and recession concerns easing, businesses are navigating a more stable environment for strategic decision-making. Interest rates are trending [...]

The multi-state aspect of many companies and projects in the entertainment industry makes proactive state tax planning critical to ensure tax costs and risks are kept to a minimum.As individuals and companies in the entertainment industry plan multi-state operations or investments, here are five things they should know to ensure compliance and effective tax planning:& [...]

The film and television industry is at a crossroads, as it continues to face challenges from the competitive streaming landscape and mounting pressure to reduce debt and boost profitability. Loyola Marymount University Professor David Offenberg captured the sentiment succinctly: “Everyone is depressed, scared and looking forward to coming out of this industry contract [...]

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 [...]