The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-14 “Not-for-Profit Entities (Topic 958): Presentation of Financial Statement of Not-for-Profit Entities” is the biggest change to nonprofit financials in years. In our two-part series “How and Why Private Foundation Financial Statements Changing Under ASU 2016-14,” GHJ Nonpr [...]

It has been just over one year since I officially took the role of Managing Partner. During this time, I have learned many lessons, faced many challenges and embraced even more opportunities. It has been the most professionally rewarding time of my career and a great year for GHJ. As I reflect back, there are several key ingredients that I am thankful for. Embracin [...]

The software licensing world is such a unique and focused industry that it is often overlooked as being one of the biggest areas of company risk. The decision to actively manage your software licenses can be the deciding factor of costing or saving you millions of dollars annually. In our upcoming blog series, we will educate and provide vital information for comp [...]

“Life is a balance of holding on and letting go.” - Rumi Balance is hard for anyone pursuing a life worth living. Juggling professional and personal demands and dreams is perhaps the toughest life lesson. Especially today: the world has gotten faster and more demanding. Technology is both an enabler and a task master that elevates expectations for speed and multipl [...]

Campus recruitment season is upon us! The campus recruitment process for accounting and finance students has become increasingly competitive over the years. For students it is imperative that you prepare and “do your homework” before entering the On Campus Recruiting (OCR) season. Below are some tips and tricks to help you navigate through the OCR season. Utilize Y [...]

With over 3 million alumni, California State University has a far reaching impact in the entertainment industry. GHJ Entertainment Partner Ilan Haimoff discusses the CSU Entertainment Alliance with CSU Chancellor Dr. Timothy White, Executive Director Dr. Dina Ibrahim and Managing Director Simone Nelson in our latest podcast. Learn more here about CSU's commitment to c [...]

“Resiliency is the capacity to respond effectively to change, to adapt successfully to new and unforeseen conditions and circumstances – and to seize opportunity.” – S.D. Bechtel, Jr. Foundation’s Resiliency Guide, March 2018 GHJ Nonprofit Partner Donella Wilson, recently spoke with Dena Jenson, Director of the Center for Nonprofit Leadership at California Luthe [...]

I recently served as Program Chair for a panel presented by the Entertainment Law Executive Committee of the Beverly Hills Bar Association. The program, titled Backend Optics: Profit Participations Through Different Lenses, was moderated by GHJ Principal Anita Wu and offered in-depth perspectives of a negotiator, auditor and litigator. With former experience at a maj [...]

Considering all the news and publicity surrounding federal tax reform in 2018, it is possible to have missed or simply overlooked the significance of the determination in South Dakota v. Wayfair on companies in the food industry. This case is specific to sales tax nexus and corresponding compliance repercussions. In short, Wayfair’s adoption of an “economic” standard [...]

With the wave of political and societal changes, nonprofit organizations have to constantly adapt to changes in tax laws and procedures. Our recent nonprofit whitepaper, Board Governance: The Path to Nonprofit Success, explores the importance of effective board governance and why every nonprofit organization should make it a priority. Here are three simple best prac [...]