Annually, the Los Angeles Business Journal recognizes women accountants for their outstanding leadership and contribution to the accounting industry. This year, GHJ is proud to announce that Partners Polina Chapiro and Donella Wilson and Principal Anita Wu were recognized among LABJ’s Top 25 “Most Influential Women in Accounting.” Polina Chapiro is a member of the [...]

Training Magazine recently published an article from GHJ leaders Derrick Coleman and Donella Wilson about how nonprofits can increase inclusion within their boards. In the article, Derrick and Donella discuss the systemic obstacles that can prevent nonprofit boards from achieving true diversity and how nonprofits can overcome these challenges. Derrick Coleman is the [...]

Many families and individuals use donor-advised funds (DAFs) as an alternative to having their own private foundations — but a “side-car” DAF can also be used to complement a private foundation. Stephanie Yan (GHJ Managing Director and Private Foundation Practice Leader) talks to Pegine Grayson (Senior Vice President/Client Advisor, Director of Philanthropic Servic [...]

Another new accounting pronouncement’s effective date is looming for private companies and nonprofits. ASU 2016-13: Financial Instruments — Credit Losses (Topic 326) is effective for these entities for fiscal years beginning after Dec. 15, 2022. Topic 326 has overhauled the processes of measuring credit losses on most financial assets carried at amortized cost, among [...]

Originally published in the Los Angeles Business Journal A diverse workforce has numerous advantages, such as increased profitability, higher employee engagement and a boost to overall innovation. However, many companies may not know how to recruit a diverse workforce. This is where targeted hiring practices can help. To achieve diversity, companies must reduce t [...]

Originally published in Notations on Non-Profits Without fundraising, most nonprofits would cease to exist. However, BoardSource’s 2017 Leading with Intent report once again had fundraising performance as one of the top three most important areas needing improved Board performance. There is no doubt that fundraising is outside of the comfort zone for most Board mem [...]

By: Sunil Patel (Tax Supervising Senior) and Jason Booth (Tax Principal) Many tax-exempt organizations invest frequently in foreign alternative investments (e.g., hedge, private equity, real estate and venture capital funds). When investing into such funds, these tax-exempt organizations’ primary tax concern is generally to mitigate their risk of Unrelated Business T [...]