Just like Formula 1 racing heavily relies on data to optimize performance, gain a competitive edge and secure victories, a business can harness the power of its data to drive growth, efficiency and profitability. Data-driven insights empower decision-making at every organizational level, and particularly at the C-Suite, to embody the adage that "knowledge is power."A [...]

Employee Retention Credit (ERC) claims and refunds have been a hot topic lately, especially after the Internal Revenue Service (IRS) announced a moratorium on processing certain claims last year. Recently, the IRS announced plans to send denial letters in certain situations. Experts from GHJ’s Corporate Tax Practice have insights into the latest developments in t [...]

A Generally Accepted Accounting Principles (GAAP) audit offers numerous benefits beyond just compliance for those in entertainment — it enhances the credibility of a company’s financial statements, supports strategic decision-making, mitigates risks and meets stakeholder (or lender) expectations/requirements. In the fast-paced world of entertainment, where financial d [...]

The importance of a stand-out resume cannot be overstated — it is the candidate’s first impression on a hiring leader. Even in the accounting industry, where the unemployment rate is significantly lower than the national unemployment rate, a polished resume is critical.Executive recruiters see a lot of resumes and regularly receive honest feedback from hiring leaders [...]

This episode explores how grants management software allows private foundations to streamline processes and simplify reporting through automation and data analytics. As with any new piece of technology, the decision to adopt grants management software should be made after understanding the private foundation’s mission and priorities and how the software would contribu [...]

Working with a recruiting partner can significantly aid in finding the right candidate, but it still requires effort on the part of the employer. As partners in the recruitment process, GHJ Search and Staffing understands the urgency and importance of filling positions swiftly with the right talent. This process works best when there is collaboration and eng [...]

On August 1, 2024, the Tax Relief for American Families and Workers Act of 2024 (HR 7024) failed to pass the Senate. With 60 votes needed to advance, the bill fell short with 48 in favor and 44 against. Primarily driven by support by Democrats, the vote faced opposition from most Republicans with three exceptions: Markwayne Mullin (R-OK), Josh Hawley (R-MO) and R [...]

As the landscape of tax compliance constantly evolves, GHJ’s Corporate Tax Practice keeps businesses informed on crucial updates, including the IRS's tightening of restrictions on automatic accounting method change procedures. The IRS released Revenue Procedure 2024-23 on April 30, which tightened restrictions under Rev. Proc. 2015-13. Previously, taxpayers could ado [...]

How can motion picture and television producers find success in 2024? In this episode of the Media Clips Podcast, GHJ Entertainment Practice Leader Ilan Haimoff is joined by TPC Senior Vice President Viviana Zarragoitia, Comerica Bank VP Jeff Colvin and Greenberg Glusker Partner Schuyler Moore. The panelists point to several factors that are driving funding at the [...]

For entertainment companies that face continued pressure to control overhead costs, outsourcing all or part of the accounting function could be an attractive option. Outsourced accountants can elevate an existing accounting team or serve as a full-service accounting team, but it is important to find an outsourcing partner that understands the unique financial challe [...]