After a series of deferrals, the new lease accounting standard is finally on the horizon for privately held companies and nonprofits. As its impact is significant, companies and organizations should become familiar with the new standard in advance. This blog will walk through key concepts and considerations for implementing this new lease accounting standard for lesse [...]

On Sept. 9, 2020, California Governor Gavin Newsom signed Senate Bill 1447, which established the Small Business Hiring Credit. The bill seeks to provide financial relief to certain small businesses impacted by the unprecedented economic disruptions and job losses that have occurred in 2020. The credit is available against personal income and corporate income taxes f [...]

Throughout the various stages of the PPP stimulus package, the SBA has commented that borrowers of PPP funds of $2 million or more would be subject to additional scrutiny regarding their loan and forgiveness eligibility. In early November 2020, SBA circulated a draft questionnaire aimed at those borrowers and invited feedback and comments from the public. The question [...]

As the transactional markets have begun to defrost and M&A activity is picking back up to pre-shutdown pace, it is a good time to consider how deals are being structured in a COVID-19 world. A key structuring term used in the transaction community recently is the “earnout.” According to SRS Acquiom, 22 percent of all other-than-life sciences deals in 2019 had an earno [...]

Tom Barry’s blog series, “OWNING the New Normal: Innovators Creating the Way Forward,” focuses on business leaders exploring the current and evolving business environment. The discussion will revolve around recognizing that leaders must innovate and pivot to “own” the future and move forward. There is no greater opportunity to really be a leader than during a pandem [...]

Originally published in the Los Angeles Business Journal Nonprofits were early advocates for building diversity within their organizations, however there is still work to be done when it comes to board gender diversity. Donella Wilson, Partner and Nonprofit Practice Leader at GHJ and President and Chief Philanthropy Officer for GHJ Foundation, recently discusse [...]

The City of Los Angeles (City) has enacted an Amnesty Program (Program) for a limited period beginning 10/1/2020 and ending 12/17/2020. The Program is an effort to encourage new taxpayers to come forward and to reduce the financial tax burden on the existing City taxpayers. The Program is available to both registered as well as unregistered taxpayers. Who is Subjec [...]

COVID-19 has had an impact on nearly every industry — some for better, many for worse. The food and beverage industry is an especially unique case study of how the pandemic has been beneficial for some but drastically detrimental to others. In this exclusive webinar from The California Club, GHJ Partner Donald Snyder and Managing Director David Horwich join a panel of [...]

Originally published in the Los Angeles Business Journal. Nonprofits were early advocates for building diversity within their organizations, but to really walk the walk, nonprofit boards must also make diversity a priority. The board of directors reflects the organization’s culture, and it makes sense for the board’s makeup to demonstrate the values of diversity, e [...]

The Movie Business Podcast Series with hosts Ilan Haimoff, partner at GHJ, and Jason E. Squire, professor at USC School of Cinematic Arts and editor of The Movie Business Book Fourth Edition, has on guest panelist Kevin Goetz, founder and CEO of Screen Engine/ASI LLC (one of the most influential market research companies in the entertainment industry). He has teste [...]