As many organizations wrap up their fiscal 2025 audits, they are left without clarity on the 2025 Office of Management and Budget (OMB) Compliance Supplement. This in-between period, in which the OMB Compliance Supplement has still not been officially released, continues to challenge leaders in the nonprofit and audit community. For organizations subjec [...]

As organizations increasingly rely on data to drive decisions, financial leaders are looking for ways to enhance transparency, accountability and efficiency. Artificial intelligence (AI) is changing the way audits and assurance engagements are performed that enable professionals to analyze more data, detect risks earlier and deliver deeper insights in less time.While [...]

What steps can you take if a trust mistakenly becomes an ineligible shareholder of your S corporation? Trusts typically become a potentially ineligible shareholder following the death of the owner or their spouse when a revocable trust held S corporation stock during the owner or owner’s spouse's lifetime. Subsequently after the death of the owner or owner’s spouse, a [...]

In this milestone episode of the Media Clips Podcast, hear from past guests, leaders in the entertainment industry and influential Hollywood stars, like Bryan Cranston and Alex Borstein. This episode of Media Clips celebrates the 70th recording of the podcast dedicated to sharing trends and best practices for accounting, legal and business professionals in t [...]

The entertainment and media industries are undergoing a period of transformation marked by tighter budgets, evolving audience habits and growing pressure to operate more efficiently. At GHJ’s recent Entertainment and Media Industry Outlook event, industry leaders examined the latest in macroeconomics in entertainment and media, the impact of new tax legislation a [...]

For foundations and philanthropists, financial support of nonprofit organizations needs to be strategic, and understanding the dynamics of today’s fundraising environment is essential to making effective, impactful giving decisions. The nonprofit fundraising landscape presents both challenges and opportunities for organizations in soliciting gifts. Economic shifts in [...]

A Roth IRA is a powerful tool for growing and preserving wealth, as it not only grows tax free but also allows distributions to be taken tax free. From Roth conversions to backdoor Roth accounts, taxpayers can take advantage of Roth IRAs to sustain wealth — they just need to know which one is right for them. BACKGROUND: ROTH IRASWith Roth IRAs, there is no R [...]

In recognition of International Disability Day, GHJ Chief Strategy Officer and Autism Society of Los Angeles Board Member Mari-Anne Kehler sat down with two leaders that are shaping Los Angeles' approach to supporting individuals with autism, intellectual and developmental disabilities, and mental health conditions.Kim Sinclair, executive director of the Autism Societ [...]

Netflix’s proposed acquisition of Warner Bros Discovery’s (WBD) film and streaming assets — valued at more than $72 billion — is poised to be the largest transaction in Hollywood history. If regulatory agencies ultimately approve the deal, the combined entity would create an unprecedented concentration of content, distribution and global reach and formally m [...]

As 2025 comes to a close, the private equity marketplace continues to experience meaningful shifts that influence how buyers deploy capital and how sellers prepare for an eventual exit. Looking ahead, the foundation is being laid for renewed acquisition activity. Interest rates are retreating and dry powder remains elevated, thus activity is projected to increase. How [...]