For private companies and nonprofits, ASU 2016-02, Leases (ASC 842), is now effective for fiscal years beginning after Dec. 15, 2021. Many companies and organizations may have waited to adopt these changes and may continue to hold off until their annual financial statements are due — but with Dec. 2022 around the corner, there is little time left to postpone. If it ha [...]

In this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff focuses on the key opportunities and challenges for producers at the negotiating table. He discusses this topic with PICTURESTART Founder and CEO Erik Feig and Johnson Shapiro Slewett & Kole (JSSK) Founding Partner Matt Johnson. Erik is a longtime fil [...]

Originally published in HR Daily Advisor. The COVID-19 pandemic changed the way we work, but employers continue to struggle with how best to balance corporate goals with employee equity. Certain companies, such as Goldman Sachs and Apple, are pushing employees back into the office. Others, such as Twitter, have implemented a 100-percent remote work policy. Both typ [...]

Originally published by Wine Industry Advisor. The beverage alcohol industry is in a state of vast disruption, and wine is no exception. Forces at play come from many angles, including changing consumer preferences, tightened opportunities for distribution and a reactive retail environment. Here are a few ways we are seeing disruption in the wine industry today. FRO [...]

The Media Clips Podcast looks at the entertainment industry from all angles. In this episode, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff focuses on profit participations, why they are important and what red flags to keep in mind. He is joined by Fifth Season VP of Finance Britt Draska and GHJ Profit Participation Services Senior Manager [...]

Governor Newsom signed Assembly Bill 2280 into law on Sept. 13, 2022. The purpose of this bill was to establish a program for voluntary unclaimed property compliance (VUPC) in California. Several highlights of the bill are as follows:The State Controller’s Office will develop the framework of the program, including guidelines, process and forms required for unclaimed [...]

Many companies are beginning to experience a softening in their customer markets, resulting in top-line and margin pressure. For companies in, or embarking on, an M&A transaction, this presents both explicit and implicit challenges. REVISITING EBITDA Earnings before interest, taxes, depreciation and amortization (EBITDA) has for a long time been the barometer of v [...]

When preparing for different scenarios, business leaders should review the forecast to understand company risks and opportunities and make informed decisions. The last installment of the “How to Prepare for a Recession” blog series took a look at business forecasts: what they are, why they matter and how they are created. Once a business forecast has been created, t [...]

On this episode of the Media Clips Podcast, GHJ Profit Participation Services Practice Leader Ilan Haimoff takes a look at motion picture and television financing with Randy Hua, Head of Bank of America’s Entertainment Industries Group, and Chris Spicer, Partner at Akin Gump Stress Hauer & Feld LLP and Head of its Entertainment and Media Practice. Two years ago, Rand [...]

Any organization can develop a clear identity and mission, but how can a nonprofit amplify the public’s awareness — for fundraising, attracting volunteers or bringing attention to critical issues? Many nonprofits have benefited from Google Ad Grants to reach these goals (and more), not only for expanding their organizations’ reach, but also for developing tools to sus [...]