The streaming era comes with its own set of challenges, paramount of which is the lack of data. Streaming services offer limited views into who is watching the content, and there is no incentive for them to share that information. In this episode of the Media Clips Podcast, GHJ Filmed Entertainment Practice Leader Peter Klass talks to Lukasz Jeziorski, Founder and CE [...]

The U.S. Department of Agriculture (USDA) requests applications for the Meat and Poultry Processing Expansion Program (MPPEP). This program provides grants to help eligible meat processors expand their capacity and provide other assistance to maintain and improve the food and agricultural supply chain. USDA Rural Development is making $150 million of American Rescue [...]

Historically, if a tax-exempt organization were generating a loss from one activity (such as advertising), it would be able to offset it with a gain from a separate activity, such as unrelated business taxable income (UBTI) reported on a Schedule K-1. In 2017, the Tax Cuts and Jobs Act (TCJA) added a new IRC section 512(a)(6) and introduced a new UBTI silo concept. [...]

When production companies consider a new project, they apply their own set of models and risk assessments to determine whether to give it the green light — how do those models change in uncertain times? GHJ Profit Participation Services Practice Leader Ilan Haimoff and Jason Squire, USC School of Cinematic Arts Professor Emeritus and editor of The Movie Business Bo [...]

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 [...]