On March 27, the President signed the Coronavirus Aid, Relief and Economic Security (“CARES”) Act, a $2 trillion omnibus spending package to provide emergency assistance and healthcare response for individuals, families and businesses affected by the COVID-19 pandemic. The CARES Act contains a wide range of economic relief to individuals and businesses – including d [...]

Originally posted in Los Angeles Daily News Expect studio battles with insurance companies and stakeholders' lawyers regardless of when production and exhibition resume. Hollywood studios and other major entertainment media entities are making efforts to treat the people who work for and with them decently at this point in the coronavirus crisis. Late last week, Wa [...]

(Updated as of 4 p.m. on 4/3) Many restaurants and small to mid-sized food companies are eagerly awaiting the start of the funding of the $349-billion Paycheck Protection Program (PPP) that is part of the CARES Act. However, lenders and applicants have not been fully informed by the federal government with much of the information they need to apply. “The response [...]

Up next on our 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, is an interview with Entertainment Analysts Harold L. Vogel. This installment dives into the financial outlook of the entertainment industry after the COVID-19 pande [...]

We released a previous Tax Alert regarding the recently passed Families First Coronavirus Response Act (“FFCRA”). Significantly, the FFCRA created a new “emergency sick leave” and expanded the paid leave provisions of the Family and Medical Leave Act (“FMLA”). Many small-to-midsize businesses must now provide additional paid leave to employees but have been granted si [...]

COVID-19 is causing major disruption in all of our lives and will likely get worse before it gets better. The crisis affects all industries. For the food and beverage industry, labor and supply chain disruptions offer many challenges. In particular, restaurants are in varying states of collapse. This industry is the country’s second largest private employer with 15.6 [...]

As families and business grapple with the reality of health and financial uncertainty, employers and employees are also adjusting to a new way of working during the COVID-19 pandemic. Employees are balancing taking care of their loved ones with working from home. Employers are putting systems in place to facilitate remote working and support the flexibility that these [...]

We released a Tax Alert earlier this week clarifying the U.S. Treasury’s extension of the federal filing and payment deadlines. The IRS has released additional, non-binding guidance related to IRS Notice 2020-18 (the “Notice”), which grants certain filing and payment relief in response to the COVID-19 pandemic. The Notice also explains that taxpayers receive an extens [...]

Children’s Bureau of Southern California (Children’s Bureau) is one of the most trusted and innovative child and family services organizations in California and provides at-risk children and their parents with the support, tools and resources they need to be successful. Children’s Bureau offers a range of programs for children and families and provides training and te [...]

Payment Deadline Extension Details We released a Tax Alert earlier this week informing you that the U.S. Treasury had extended the payment date for 2019 taxes originally due April 15, 2020 to July 15, 2020. The original Tax Alert published this week shared that an extension applies to individual tax liabilities up to $1 million and corporation tax liabilities up to $ [...]