When an artist, writer or musician receives royalty payments in exchange for the use of intellectual property, there are specific tax implications that should be considered. What are some of the implications and potential impacts for royalty recipients? Topics such as self-employment income, net investment income tax and advance royalties need to be considered. S [...]

INTERVIEW WITH: Patrick Sweeney, Esq., (guest blogger from IE Law Group) Patrick Sweeney is one of the leading attorneys in the video game industry, having served both as in-house and external counsel to a variety of companies in his career. In the Q&A below, Patrick shares with our readers his thoughts on current game industry trends and their implications. He a [...]

In the interest of keeping you informed of developments in the international tax area, please note that the US Department of Commerce Bureau of Economic Analysis (“BEA”) is conducting a survey which is requiring every US Person (that has previously not filed) to file Form BE-10 to report certain offshore investments during the 2014 fiscal yea [...]

By: Richard Ruvelson (principal at GHJ) For those who were able to attend the GHJ Annual Nonprofit Accounting and Tax Update Workshop last week, you heard me talk about the Form 990, as well as other developments, and received a copy of this blog in your folder. For anyone who wasn’t able to attend the workshop, be sure to read below for a quick refresher. The Cente [...]

One of the key findings identified in our 2014 Entertainment and Media whitepaper was the prediction of accelerated cord cutting on the part of the consumer and thus the beginnings of a-la-carte channel offerings (aka over-the-top streaming) bypassing cable subscription. Less than a year later, this prediction is coming true. Nearly a quarter of American viewers in th [...]

On a quarterly basis, GHJ hosts a food and beverage executive roundtable dinner. At these dinners, we bring together 10 to 15 food and beverage executives to discuss topical industry issues and the impact on their businesses. This month’s topic revolved around the subject of food and beverage technology, including social media, sustainability, health and wellness, dis [...]

In my last blog posting I mentioned reading BoardSource’s 2015 Leading with Intent. The report is a comprehensive review of nonprofit board practices, policies and performance and builds on data that BoardSource has collected and analyzed for over 20 years. One of the takeaways for me was that board members need to raise their collective voices as committed and infor [...]

By: Kevin Zolriasatain (guest blogger from KBKG) With the challenge of feeding an ever-growing population, food and beverage companies in the United States are forced to increase their research and development efforts to meet demand. In addition to providing more options, food and beverage manufacturers are fighting to keep up with trends in the market place which [...]

In what is considered by many to be a landmark decision in favor of taxpayers, the U.S. Supreme Court narrowly struck down Maryland’s double taxation scheme as unconstitutional. The issue in Wynne vs. Maryland, was whether Maryland’s taxing scheme of not allowing a resident taxpayer a credit for taxes paid in other states was in violation of the U.S. Constitution’s do [...]

By: Gold MacIvor (guest blogger from Belle Maison Agency) As a business manager, your clients rely on you to advise them on a myriad of topics. One area where they may come to your for assistance is private staffing, which includes personal assistants, nannies, housekeepers, estate and house managers, chefs, chauffeurs and any other help they may require in their home [...]