President Biden recently proposed to increase the capital gains tax rates for high earners as part of The American Families Plan. Surprisingly, this proposed rate increase is slated to be effective as of the date of announcement, April 28, 2021. WHAT’S CHANGING The proposed change would tax long-term capital gains and qualified dividends of taxpayers with adjusted g [...]

GHJ Entertainment Partner Ilan Haimoff welcomes authors and contributors of The Movie Business Book (Third Edition) GHJ Partner Steven Sills, Principal Peter Klass and Manager Tracy Liang for a special episode of GHJ’s Movie Business Podcast Series. In this episode colleagues look back at the movie industry in 2020 and discuss the future of early access releases, t [...]

Originally published in Bloomberg Tax. A question soon to be asked to all is, “What did you do during the pandemic?” Individuals might comment on the number of puzzles they completed or drive-by COVID-19 birthdays they attended. Companies will regard transitioning to remote work and the high volume of incoming and outgoing Zoom calls. But what this question is really [...]

GHJ Entertainment Partner Ilan Haimoff welcomes Dr. Jeff Cole, USC Professor and Director of the Center for the Digital Future, for a special video edition of GHJ’s Entertainment Videocast Series. In this episode, Dr. Cole discusses who is winning the streaming wars, television takeover – and what that means for theaters – and who may team up to take on behemoth Net [...]

Originally published in Philanthropy News Digest. A recent survey by the Nonprofit Finance Fund found that 60 percent of nonprofits experienced conditions in 2020 that threatened their long-term financial stability. As a result, most nonprofits had to reimagine how they engage with donors and the beneficiaries of their programs and services. Looking ahead, there are [...]

The pandemic brought the spotlight to the life science sector, which continues to see unprecedented growth and innovation. With developments in science and technology coupled with increasing capital infusion from various sources, the industry has attracted new attention. With complex regulatory requirements around the world and a challenging international manufactur [...]

Originally published in HR Daily Advisor. The pandemic presented significant challenges this past year. Many employees had to live and work at home while socially distanced from close family and friends. Companies also had to adjust by moving to remote work environments to keep employees safe while still responding to issues surrounding equity, diversity, and inclusi [...]

As part of the American Rescue Plan Act, passed in March 2021, $28.6 billion are earmarked for the Restaurant Revitalization Fund (the Fund), which will provide tax-free grants to food service businesses. With an estimated $250 billion reduction in revenues since the onset of the COVID-19, the foodservice industry is one of the hardest hit during the pandemic, and the [...]

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 [...]