In a taxpayer-friendly move, California will now allow certain businesses to deduct expenses that were paid for using forgiven PPP funds. On April 29, Governor Newsom signed Assembly Bill 80 (AB 80) into law. Effective retroactively for post-2018 tax years, California generally conforms to the federal tax treatment of Paycheck Protection Program (PPP) loans and Econom [...]

Principal and Advisory Practice Leader David Sutton launches his new “Business Disruption and Resilience Podcast” where he will host and interview business leaders responding to adversity and disruption. In the inaugural episode, Partner Donella Wilson interviews Petersen Automotive Museum Chief Operating Officer Michael Bodell about leveraging virtual opportunities [...]

The highly anticipated Restaurant Revitalization Fund will open for registration on Friday, April 30, 2021, at 9 a.m. EST. Applications will open on Monday, May 3, 2021 at 12 p.m. EST. Applications will remain available until all $25 billion of funds have been exhausted. Eligible applicants should familiarize themselves with the application process by: Registering f [...]

Although it is common to perform profit participation reviews in the film and television industry, it appears to be less common when it comes to book publishing royalties. Nevertheless, authors may be at risk for underpayment or delayed payment of royalties just as often as film and television profit participants. At a minimum, for agents who represent authors, it i [...]

GHJ Entertainment Partner Ilan Haimoff and Jason E. Squire, professor at USC School of Cinematic Arts and editor of The Movie Business Book Fourth Edition, return for another episode of GHJ’s Movie Business Podcast Series. In this episode, Ilan and Jason interview Mayor of Clinton, NJ, and New Jersey Motion Picture and Television Commissioner Janice Kovach and di [...]

Originally published in CPA Practice Advisor The last year has come with unprecedented challenges but also brought great opportunities for innovation and growth. For small to mid-sized accounting firms, the workplace of the future will continue to evolve and look different than the past. How firms respond will become either a permanent setback or setup for long ter [...]

How has the filmed entertainment industry had to pivot in response to the pandemic? With film production impacted by the surging virus, studios and post-production companies continue to be presented with various challenges. GHJ’s Colin Nierenberg talks with Peter Wright, CEO of Eikon Group (a Los Angeles and UK-based post-production company) and a senior executive a [...]

GHJ Entertainment Partner Ilan Haimoff and Jason E. Squire, professor at USC School of Cinematic Arts and editor of The Movie Business Book Fourth Edition, are back for another episode of GHJ’s Movie Business Podcast Series. In this episode, Ilan and Jason interview Stephen Kovach of Vine Alternative Investments and discuss market volatility, deal risk and reward [...]

Originally published in the Los Angeles Business Journal. For those struggling during the COVID-19 pandemic, the billions of dollars that both the federal and state governments provided to individuals and businesses has offered meaningful relief. The bad news is that in the rush to quickly get funding into the hands of those who needed it, even the most basic fraud p [...]

GHJ Entertainment Partner Ilan Haimoff welcomes Akin Gump Partner Chris Spicer and J.P. Morgan Managing Director Darian Singer for a special video edition of GHJ’s Entertainment Videocast Series. In this episode, guests discuss production challenges and opportunities presented by COVID-19, bright spots of the pandemic and make their hot takes for 2022. Watch the [...]