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 [...]

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 [...]