The M&A market experienced an exceptional boom in 2021-2022, with robust activity and record-breaking deal flow in the wake of the COVID-19 pandemic. However, in late 2022 and moving into 2023, the market has cooled. GHJ’s Transaction Advisory Services Practice is now seeing scarcer, more expensive capital, increased scrutiny from potential buyers and advisors and lon [...]

ASU 2016-13 is currently effective and requires private companies and nonprofits to adopt the current expected credit loss model (CECL) this fiscal year. The extensive scope of the standard, which covers cash equivalents, accounts receivable, loans, debt securities and other financial assets, underscores the urgency for prompt evaluation and implementation to ensure c [...]

Temporary staffing is often misunderstood by job seekers, but it can actually offer a range of benefits for those who are looking for short-term work or want to explore different industries and roles before committing to a single career path. It can also be a great option for those who prefer project-based work with multiple clients. WHAT IS TEMPORARY STAFFING? In [...]

What unique production tax benefits does the UK provide for the entertainment industry? On this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff is joined by FLB Director of Creative Sector Tax Reliefs Lloyd Gunton. An expert in accessing and maximizing UK creative sector tax reliefs, Lloyd shares the var [...]

To improve the Commonwealth’s competitiveness, affordability and equity, Massachusetts Governor Maura Healey signed the Massachusetts Tax Relief Bill into law on October 4, 2023. The bill (H.4104) includes a wide range of tax changes aimed at providing relief to families, businesses and individuals throughout the state. This tax alert discusses the details of the ta [...]

After many months of difficult negotiations between the guilds on the one side and studios and streamers on the other, the film and television industry can finally get back to business as the SAG-AFTRA strike reaches a tentative agreement. From this new deal, and the WGA separate deal, contracts should see meaningful gains and protections as well as better compensatio [...]

How do independent producers get funded? On this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff is joined by Loyola Marymount University Associate Professor of Finance David Offenberg and GHJ Profit Participation Expert Tracy Liang. David is a leading expert on entertainment finance and has spoken extens [...]

The accounting industry is facing an identity crisis. According to the Wall Street Journal, late-career accountants are retiring, mid-career accountants are leaving the profession and fewer students are entering the field to fill those gaps. How do firms ensure success with a shrinking talent pool? If creating an accessible workplace is not part of your business stra [...]

While the United States House of Representatives signed a 45-day continuing resolution, which temporarily funds the government while a broader deal is worked out, a shutdown could be on the horizon. In order to prepare, businesses can take action now to ensure they are prepared if there is a government shutdown. ASSESS GOVERNMENT CONTRACTS, IF APPLICABLE Government [...]

The United States taxes its citizens, resident corporations and tax residents on a worldwide income basis. U.S. taxpayers who have cross-border business operations often find themselves caught up in a net of complicated international tax rules, both in the U.S. and in the country where they want to operate. Beyond the sheer complexity of these rules, U.S. taxpayers al [...]