On Sept. 11, 2019, the California Senate passed legislation under AB-5 to codify the California Supreme Court decision in Dynamex and clarify application of the ruling. On Sept. 18, 2019, Governor Newsom signed the bill into law. This bill affects all industries that regularly engage independent contractors. The ruling and new state law puts pressure on companies that [...]

Most companies are “elbows deep” in implementing the new revenue recognition standard. The new standard, ASC 606 - Revenue from Contract with Customers (which the FASB has been working on since 2014) represents the most significant change in accounting methodology in the past 20 years. The new standard is effective for private companies with annual periods beginning a [...]

On August 21, 2019, GHJ hosted its latest Women’s Empowerment Speaker Series on the importance of flexibility in the workplace. The session, titled “Flexibility isn’t a ‘women’s issue,’” was an intentional topic of discussion due to the common misconception that women are the only ones needing flexibility. Millennials, fathers, people caring for elderly parents, peo [...]

In 2018, China’s response to U.S. steel and aluminum tariffs was a 25 percent import tariff on fruit, nuts, wine, pork and many other products from the U.S. In retaliation, President Trump enacted a 10-percent tariff on $300 billion of additional goods from China to begin Sept. 1, which has now been delayed until Dec. 15. According to the Wall Street Journal, Chinese [...]

Effective Dates: Nonpublic Entities: Resource Providers- Annual periods beginning after December 15, 2019 Resource Recipients- Annual periods beginning after December 15, 2018 Early Adoption is permitted Background: In June 2018 Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, Clarifying the Scope of the Accounting [...]

GHJ Partner Ilan Haimoff talks with Jeff Cole, Director of the Center for the Digital Future at USC Annenberg, on everything from consumer preferences to streaming wars and the role of 5G. Click here to listen.

Originally published in our Food and Beverage Whitepaper: Food Innovation: The Push and the Pull of Consumer Demand. Download your copy here. One of the primary goals of creating a website is to publicize your products and services, but if you are not ranking in search-engine results, your site is missing its mark. Below are three ways to make sure you are getting the [...]

The second blog in our series of consulting case studies takes an in-depth look at common pain points for rapidly growing businesses and tackles an improvement in terms with additional availability to a client’s debt structure. Our recent work with this client involved: Increasing company bank linesSimplifying company debt capital structureObtaining significantly bet [...]

Beyond Meat is a name that may be familiar to many, not just to individuals in the food and beverage industry but to the wide general public. Creator of "the world's first plant-based burger that looks, cooks and satisfies like beef," Beyond Meat Inc., is making waves to change up the future of the plant-based protein industry. In May 2019, Beyond Meat became the fi [...]

If you are involved in the finance function at your company, you have likely heard about changing revenue recognition rules. The FASB has been working since 2014 on a massive overhaul to the revenue recognition model, and it is finally here. The final standard (ASC 606 – Contracts with Customers) is effective for private companies beginning with fiscal years ending De [...]