Boston Consulting Group (BCG) shows that if women and men around the world participated equally as entrepreneurs, global GDP could ultimately rise by approximately three to six percent and boost the global economy by $2.5 trillion to $5 trillion. These numbers tell a clear story as to how closing the gender gap is crucial to global growth, but we also need to discuss [...]

Even before I became managing partner in 2018, GHJ had been redefining how to articulate its values and culture. The partner group worked with individuals across all levels to build out our five-year vision and really dive into who we are and who we want to be as a firm. Our Journey to Define Ourselves This introspective journey led us to redefine our firm’s cult [...]

Originally posted in Thomson Reuters CheckpointOn Dec. 20, 2019, President Trump signed into law the "Taxpayer Certainty and Disaster Tax Relief Act of 2019" (the "Disaster Act") as part of an omnibus spending package, the "Further Consolidated Appropriations Act, 2020" (H.R. 1865, PL 116-94). The Disaster Act extends over 30 Code provisions, generally through 2020.Th [...]

In order for a company to thrive, it has to continuously evaluate its surroundings and marketplace demands and identify key areas of opportunity and room for growth. Some of the key changes come from the technological evolution, which will continue to impact nearly every industry around us. Within the entertainment industry, technology has brought higher-quality films [...]

Originally published in Journal of Multistate Taxation and Incentives (Thomson Reuters/Tax & Accounting) Volume 29, Number 9, January 2020 Taxpayers moving into California or doing business in California should be aware of all the state and local tax implications. California is known for being a high-tax state. From a state budget perspective, the Personal Income T [...]

Originally published in WorldatWork As work continues to evolve, job titles and job functions evolve with it. One such role that used to be commonplace at prominent organizations was that of chief marketing officer (CMO). That job title, however, is undergoing a transformation or being dropped entirely, such as the case at notable companies like Uber and Lyft. While [...]

Washington Business and Occupation TaxOn March 14, 2019, Washington Governor Jay Inslee signed into legislation Substitute Senate Bill 5581, which made changes to certain economic nexus provisions under the state of Washington Business and Occupation (“B&O”) and sales taxes.The state of Washington adopted new threshold for B&O and sales tax effective Jan. 1, 2 [...]

From mandatory e-filing to a change in the excise tax rate for private foundations, there is no question that significant changes are on the way for tax-exempt organizations in 2020. GHJ Nonprofit tax expert Lizbeth Nevarez offers an in-depth overview of the many changes and important actionable steps for tax-exempt organizations below: Repeal of Employee Parking Tax [...]

Accounting firms have been waging the war for talent for many years, but one battle may be winnable. As accounting compliance work is becoming more technology-driven, there are opportunities to develop new services. Based on client needs, these growth services can help accounting firms prepare for future success using non-traditional roles. The Shift from Compliance [...]

Originally published on Thomson ReutersCongress recently passed, and the President signed into law, the SECURE Act, landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax and retirement-planning situation.Here is a look at some [...]