In previous blog posts, we have written about federal and state tax incentives for the entertainment industry, including the Section 199 domestic production activities deduction (DPAD) and state film tax credits. Another significant federal tax incentive is the Section 181 treatment of certain qualified film, television and live theatrical productions, which will be d [...]

The introduction of the Motion Picture, Television and Entertainment Revitalization Act could mark one of the most significant developments for the United States entertainment industry in years. While the bill is still in its early stages and will undoubtedly evolve as it moves through Congress, it reflects something the industry has been discussing for a long time: h [...]

“Simple” Tax Reforms We recently participated in a panel discussion for the Producers Guild of America on the 2017 Tax Reform Act (the Act), which went into effect in 2018, for most taxpayer changes. This seminar discussed the law, as we know it, and provides options to freelance employees on how to best keep their hard-earned dollars, especially for those in the e [...]

What do entertainment professionals need to know to find financial success? On this episode of the Media Clips Podcast, Host and GHJ Entertainment Practice Leader Ilan Haimoff is joined by a panel of distinguished experts from across GHJ’s service lines:GHJ Entertainment and Media Tax Expert Dan Li shares what taxpayers can do now to reduce their tax bill in 2024. Cli [...]

From film and television to music and theater businesses, the entertainment industry can now take advantage of expanded deductions designed to speed up cost recovery and strengthen cash flow under the One Big Beautiful Bill Act (OBBBA). The OBBBA, H.R. 1, P.L. 119-21, broadens the bonus depreciation framework and expands §181 to cover qualified sound recording product [...]

When running your own business, some of the most important factors you can keep in mind are resilience, commitment and leadership.Dante Valve is a full-service manufacturer, distributor and VR™ certified repair facility of valves and related products for the industrial and military markets. They manufacture military specification Danco pressure relief valves, they dis [...]

The Los Angeles Business Journal honored Christina Fung, Dan Li and Stephanie Yan for leadership, technical excellence and impact across the accounting profession and Los Angeles community. LOS ANGELES, CA – GHJ, a national advisory, tax and accounting firm, proudly announces that Christina Fung, Dan Li and Stephanie Yan have been selected as recipients of the Lo [...]