This year, GHJ brought together experts Cameron Dayne (Fifth Third Bank), Stephen Cheung (Los Angeles County Economic Development Corporation) and Rachel Foltz (Endeavour Capital) for an Economic Outlook discussion.The panel, moderated by GHJ Business Resiliency Task Force Leader David Sutton, led a lively discussion about inflation, supply chain and other factors aff [...]

Public accounting is a relationship-based business, and a colleague today may become a friend, competitor or partner in the future. As I have grown in my career, so have the members of our GHJ alumni network as they moved on to new and exciting opportunities. In some cases, these same alumni have even become referral sources or clients of the Firm. I tend to think of [...]

Currently, for real estate sales where the property is located in the City of Los Angeles, the current transfer tax rate is $4.50 per $1,000 of value, which is approximately a 0.45-percent tax rate. Further, there is an additional Los Angeles County transfer tax rate of 0.11 percent, which brings the total transfer tax rate for sales of real estate located in the City [...]

Mixed signals dominate economic headlines as concerns persist about a recession beginning in 2023, if it has not already begun. The M&A markets became significantly more challenged in the second half of 2022, and deal activity reported by investment bankers and private equity financial buyers has slowed down, with uncertainty and rising financing costs playing promine [...]

Originally published in Training Magazine. The U.S. Bureau of Labor Statistics states that 47 million Americans voluntarily quit their jobs in 2021 — a mass exit from the workforce that is now known as the Great Resignation. Employees are leaving their employers in droves in search of better work, so employers should strive to improve employee satisfaction. One way [...]

The final and proposed foreign tax credit regulations issued on Jan. 4, 2022, and Nov. 18, 2022, respectively, may cause many previously creditable foreign income taxes to become non-creditable for U.S. federal income tax purposes. The provisions of the Final Regulations that relate to the creditability of foreign taxes apply to foreign taxes paid or accrued in taxa [...]

Despite rampant speculation about the current state of the economy, GHJ’s recent Economic Outlook discussion’s positive tone suggested that things may not be as dire as they seem.On Feb. 23, 2023, GHJ hosted panelists Cameron Dayne (Fifth Third Bank), Stephen Cheung (Los Angeles County Economic Development Corporation) and Rachel Foltz (Endeavour Capital) for an Econo [...]

Determining whether a foreign alien individual is a resident for federal income tax purposes is crucial to determine how this individual will be taxed in the United States. In general, foreign nationals who are considered resident aliens for U.S. federal income tax purposes are taxed in the same manner as U.S. citizens – i.e., they are taxed on their worldwide incom [...]

On December 29, 2022, President Joe Biden signed into law a landmark retirement package. The SECURE 2.0 Act includes many new provisions that become effective over various dates through 2026. Some of the most notable provisions include: Required Minimum Distributions (RMDs): Under current law, RMDs must begin at age 72. Under SECURE 2.0, this is increased to 73 begin [...]

So much of the work a person does every day falls outside the scope of a job description, and that work can take a major toll on one’s well-being. How do we ensure that all labor is accounted for? GHJ’s Women’s Empowerment Cohort hosted a discussion about emotional labor with guest speaker Regina Lark, Ph.D. CPO, an author, business owner and board-certified professi [...]