Subpart F of the Tax Code covers one of the major sets of anti-deferral rules for investors in the United States who own an interest in a foreign corporation. Once a person has been determined to be a U.S. shareholder of a CFC, it is important to consider two main sets of anti-deferral rules: Subpart F income rules (discussed here) and Global Intangible Low Taxed Inco [...]

In this episode of the Business Disruption and Resilience Podcast, GHJ Transaction Advisory Expert David Sutton breaks down HLB International’s 2022 Survey of Business Leaders. This annual survey offers a closer look at how businesses around the globe are investing their resources, responding to challenges and adjusting their outlook. David is joined by HLB Mexico Ch [...]

No one has immunity from bias; every person is shaped by their own experiences and has their own prejudices, whether they want to admit it or not. The old saying “birds of a feather flock together” often rings true. This does not mean that people are inherently bad; in fact, sometimes they might not even realize they have implicit bias in certain situations. The reali [...]

In this episode of the Media Clips podcast, GHJ Profit Participation Services Practice Leader Ilan Haimoff takes a look at the production process from the perspective of three industry experts and offers insights for producers working on their next project. Executive in Charge of Production Gareth Provan gives an overview of the production process and explains how th [...]

As the 2021 filing deadline approaches for calendar-year corporate taxpayers, there are several tax changes that have taken in place in 2021 or prior that would have a direct impact on the 2021 tax filings as well as 2022 tax estimates. Here is a highlight summary of those tax changes and key amounts. TEMPORARY 100-PERCENT DEDUCTION FOR RESTAURANT MEALS The IRS is [...]

Written with contributions from Curtis Kim, Frances Ellington and Arun Dubey Even if a buyer and seller have agreed in principal to a transaction, there are still often many considerations that still need to be worked about before a deal is finalized. One of those items is the structure of the transaction. A purchase of stock is often more commercially feasible tha [...]

Originally published in the Los Angeles Business Journal. The U.S. Department of Justice (DOJ) recently released “Fraud Section Year in Review 2021.” This annual report showcases not only what the DOJ accomplished in 2021 but also provides insights on its priorities for 2022. Additionally, recent comments from the President and senior officials leave little doubt abo [...]

GHJ Profit Participation Practice Leader Ilan Haimoff and Jason Squire, USC School of Cinematic Arts Professor Emeritus and editor of The Movie Business Book Fourth Edition, are back for another episode of the “Movie Business Podcast” series. Today they talk to Quinn Emanuel Partner Bobby Schwartz about “The New Normal” from a legal perspective in a post-COVID world [...]

Originally published in July 2014. 1. FAILING TO NEGOTIATE HARD ENOUGH ON THEIR TALENT DEALS Dealing with talent agencies can be challenging for an independent producer, who may be less able to negotiate the cost of their above-the-line cost. Often, the independent producer ends up paying too much for talent, making the production budget uneconomical from the start. [...]

Recently, large companies such as PepsiCo and Nestle have invested in implementing digital innovation and data analytics through technologies such as predictive and prescriptive analytics, artificial intelligence (AI) and machine learning. These investments have led to deep insights into the ability to run their businesses in a more efficient and precise manner in [...]