On July 27, 2022, Senate Democrats introduced the Inflation Reduction Act of 2022 (IRA), a $470 million reconciliation bill to address inflation, healthcare, certain tax matters and climate change. This bill includes the enactment of a 15-percent corporate minimum tax and a 1-percent excise tax on the repurchase of corporate stock. Other changes include expanded tax c [...]

In this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff takes a look at motion picture financing, leading a discussion with two experts in the field. Adam Davids is the SVP Legal and Business Affairs for BRON Studios, where he has handled the financing and distribution legal since 2015. Davids has been the c [...]

With last week’s announcement that GDP declined in Q2 2022, an economic recession has technically begun — this series of blogs will highlight practical steps that business owners and managers should consider in preparation for a downturn. Over the next 12 weeks, we will discuss: How to Prepare for a RecessionThe Profit-and-Loss Ratios Businesses Must Always FollowHo [...]

Originally posted on ATD. 2021 marked a huge surge in the “quitter’s market,” with an average of 4 million employees in the U.S. voluntarily leaving their jobs each month. Companies are increasingly struggling with employee retention, since remote work makes it easier than ever for individuals to find new work opportunities. A useful tool in combating this issue is [...]

The Federal Reserve issued a Federal Open Market Committee (FOMC) statement that will increase the target range for the federal funds rate to 2.25-2.5 percent. The FOMC statement indicates that it seeks to achieve maximum employment and inflation at a 2-percent rate over the long term. In furtherance of this goal, the Federal Reserve increased the primary credit rate [...]

The Passive Foreign Investment Company (PFIC) rules are designed to prevent United States investors (1) from deferring United States tax on passive income earned through foreign corporations, or (2) from converting such income into capital gains that are taxed at preferential rates. The PFIC rules are just one set of several anti-deferral rules that international ta [...]

Nonprofit boards face numerous challenges around board diversity, recruiting, fundraising, succession and limited resources. GHJ's new Nonprofit Board Series will offer practical insights for nonprofit board members to improve their operations. One way nonprofits can address common challenges while expanding their reach is with a community advisory council (CAC). In [...]

Originally published by Food Engineering. In the U.S., the journey of beverage alcohol from producer to consumer travels through a three-tier system: ProducerDistributorRetailer Alcohol producers must go through both a distributor and retailer to sell their product, and recent market shifts are creating a mix of opportunities and challenges for producers. MORE PR [...]

The Movie Business Podcast is a series hosted by GHJ Profit Participation Services Practice Leader Ilan Haimoff and USC School of Cinematic Arts Professor Emeritus and Editor of The Movie Business Book Jason Squire. In this installment, Ilan and Jason talk to Barbara M. Rubin, Partner and Entertainment Department Co-Chair for Glaser Weil about her role in negotiating [...]

California Governor Gavin Newsom signed the 2022-2023 state budget into law on Jun. 27, 2022. The budget offers tax relief from Assembly Bills 192 and 194, which were signed into law in addition to the budget and include the following provisions: Authorization of approximately $9.5 billion in tax refunds, ranging from $400 to $1,050 for married filing joint and $200 [...]