International Women’s Day 2025 brings a clear and urgent call: Accelerate Action. The progress made in advancing gender equity is worth celebrating — but it is not enough. While women now fill more leadership roles than ever before, the gender gap remains wide. According to McKinsey’s 2024 Women in the Workplace report, women have made gains at every level of the [...]

The implementation of the Corporate Transparency Act (CTA) has undergone substantial changes over the past year.  The initial broad-based application of the rules received a significant push back from various constituencies and litigation ensued to minimize or eliminate CTA altogether.  Although the Treasury Department and FinCEN initially resisted maki [...]

The entertainment industry operates in a complex financial and regulatory environment that requires companies to navigate a wide range of tax considerations. From corporate tax implications of production expenses to state tax complexities related to multi-jurisdictional income, entertainment businesses must strategically plan for tax compliance and optimization. [...]

The Federal Emergency Management Agency (FEMA) has extended the deadline for Los Angeles County wildfire victims to apply for federal aid. Affected homeowners, renters and small businesses now have until Monday, March 31, 2025, to seek financial assistance for losses and damages caused by the fires. The original deadline of March 10 has been pushed back to ensure more [...]

Given the industry's dynamic nature and complex financial transactions, ensuring the accuracy and reliability of financial statements is crucial for media and advertising companies. A Generally Accepted Accounting Principles (GAAP) audit not only ensures compliance but also enhances the credibility of a company’s financial statements, supports strategic decision-makin [...]

The latest executive orders impose new United States tariffs on steel, aluminum and key imports from Canada, Mexico and China, which can increase costs and disrupt supply chains. Co-authored with alliantgroup Director Justin McAnally and originally published by alliantgroup, this article outlines the latest tariff developments, their economic impact and key strategic [...]

The cross-border nature of many companies and projects in the entertainment industry makes careful, proactive international tax planning critical to ensure tax costs and risks globally are kept to a minimum. GHJ’s International Tax Practice consults with U.S.-based clients having foreign operations, as well as international clients entering the U.S. market, to ensure [...]

When incentive stock options (ISOs) vest, they create an opportunity for exercise, but understanding the tax implications and strategic timing is essential for success. The following are the qualification requirements for ISOs: Option price must be at least the fair market value (FMV) of the stock at the grant date Option must be granted pursuant to a w [...]

In celebration of Black History Month, GHJ is proud to share the inspiring stories of four Black professionals who are breaking barriers and shaping futures within the Firm. Black professionals remain underrepresented in the accounting and finance industry. A study by the Journal of Accountancy noted that Black professionals make up just 2 percent of all Certified Pub [...]

Corporate Transparency Act (CTA) is a law which requires certain entities to report beneficial ownership information to the United States Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The original deadline for filing was no later than Dec. 31, 2024, for companies in existence prior to Jan. 1, 2024. (Click here for GHJ’s prior Alerts on the to [...]