With last week’s announcement that GDP declined in Q2 2022, an economic recession has technically begun — this series of blogs will highlight practical steps that business owners and managers should consider in preparation for a downturn. Over the next 12 weeks, we will discuss: How to Prepare for a RecessionThe Profit-and-Loss Ratios Businesses Must Always FollowHo [...]

Originally posted on ATD. 2021 marked a huge surge in the “quitter’s market,” with an average of 4 million employees in the U.S. voluntarily leaving their jobs each month. Companies are increasingly struggling with employee retention, since remote work makes it easier than ever for individuals to find new work opportunities. A useful tool in combating this issue is [...]

The Federal Reserve issued a Federal Open Market Committee (FOMC) statement that will increase the target range for the federal funds rate to 2.25-2.5 percent. The FOMC statement indicates that it seeks to achieve maximum employment and inflation at a 2-percent rate over the long term. In furtherance of this goal, the Federal Reserve increased the primary credit rate [...]

Although women’s representation has improved across the corporate pipeline, a report from Lean In and McKinsey and Company identified a “broken rung” at the first step from associate to manager, since women are promoted to manager at far lower rates than men. This indicates a disconnect between how women are perceived in the workplace and in positions of authority. [...]

Originally published in Finance Monthly. WHAT ARE THE MOST COMMON CASES THE FORENSICS TEAM AT GHJ WORKS ON? We can divide our practice into two broad areas: Forensic investigations and litigation support. Forensic investigations involve assisting companies to analyze allegations of wrongdoing. This could involve fraud, theft of cash or other assets and other misco [...]

Subpart F of the Tax Code covers one of the major sets of anti-deferral rules for investors in the United States who own an interest in a foreign corporation. Once a person has been determined to be a U.S. shareholder of a CFC, it is important to consider two main sets of anti-deferral rules: Subpart F income rules (discussed here) and Global Intangible Low Taxed Inco [...]

No one has immunity from bias; every person is shaped by their own experiences and has their own prejudices, whether they want to admit it or not. The old saying “birds of a feather flock together” often rings true. This does not mean that people are inherently bad; in fact, sometimes they might not even realize they have implicit bias in certain situations. The reali [...]

Originally published in the Los Angeles Business Journal. The U.S. Department of Justice (DOJ) recently released “Fraud Section Year in Review 2021.” This annual report showcases not only what the DOJ accomplished in 2021 but also provides insights on its priorities for 2022. Additionally, recent comments from the President and senior officials leave little doubt abo [...]

Also authored by, Morgan Dipo, SVP, Commercial Banking, Bank of America Inflation is in the news again after a hiatus of several decades. Consumers are experiencing increases in the cost of living in many segments of their monthly spending, and it is changing how they spend and how businesses keep up with uncertainty in pricing. As measured by the Consumer Price Ind [...]

The Employee Retention Credit (ERC) was first introduced in the Coronavirus Aid, Relief and Economic Security (CARES) Act on March 27, 2020. The ERC provisions have been subsequently modified by both the Consolidated Appropriations Act of 2021 (CAA) and the Infrastructure Investment and Jobs Act (IIJA). Since the ERC was not widely used in 2020, there has not been si [...]