On Tuesday, Jan. 10, the IRS announced tax filing and payment relief for California taxpayers affected by recent storm conditions. This affords individuals and businesses in affected areas until May 15, 2023 to file and pay their 2022 federal taxes. Relief is automatically granted if the taxpayer’s address of record is in any FEMA-designated disaster area in the fol [...]

As diversity, equity, inclusion and accessibility (DEIA) have become buzzwords in the corporate world, many organizations have adopted culturally sensitive calendars and mandatory DEIA training for employees. Although these practices are a great step in the right direction, there are many not-so-obvious ways that employers can take their DEIA commitments to new levels [...]

In this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff welcomes back Jason Squire, Professor Emeritus at USC School of Cinematic Arts and Editor of The Movie Business Book, now in its fourth edition for their annual year in review for the entertainment industry. “2020 was a year of crisis, 2021 a year [...]

Originally posted by Training Magazine. Diversity, equity, inclusion and accessibility (DEIA) are more than guidelines, programs or quotas. Empowering all employees is part of building an inclusive company. Diverse teams bring forth innovation, which makes a business competitive and successful. Los Angeles-headquartered accounting and advisory firm GHJ’s multicult [...]

Do you remember what it was like when you first started your career? Remember how it felt walking around the office, meeting new people, constantly learning new topics or even remembering where to find the office bathroom? Starting a new job can be confusing. As people move up in their careers, part of their job is to lift others as they climb. As they say, “If you a [...]

It is important for taxpayers to be aware of the retroactive changes made to the Energy Efficient Home Tax Credit and the new standards for the tax credit beginning in 2023. The Internal Revenue Code (IRC) Section 45L credit was extended, increased and modified under the Inflation Reduction Act (IRA) of 2022, which was signed into law by President Joe Biden on August [...]

The pandemic impacted how people live and, most notably, how they interact — after avoiding large groups and sitting behind a camera in 2020 and 2021, many have returned to the office a few days during the week. Even those who are comfortable presenting are feeling a little rusty alternating between live, hybrid and virtual meetings. I grew up performing on stage, s [...]

Networking is an essential tool for business development — maintaining a network allows a person to develop, learn more about their industry, stay on top of hot-button issues, increase their public profile and meet new clients. For many, traditional networking conjures up the image of a stuffy business meeting or a crowded conference. But maintaining a network can be [...]

The end of the year 2022 is fast approaching, but it is not too late for taxpayers to make some decisions prior to year-end to save on taxes in 2022 or plan tax strategies for 2023 and beyond. While 2022 has been relatively slower on tax legislation reforms than prior years, there are certain prior legislations that are worth revisiting now. Below are some quick poi [...]

Tax rules affecting trusts are always complex, but once a foreign trust comes into the picture, there are many pitfalls for taxpayers in the United States to consider. These pitfalls can result in unexpected filings and high penalties for even small infractions. The implications for U.S. tax purposes vary greatly depending on the classification of the trust and the [...]