Tom Barry, partner, wrote the article “Changes in Private Company Reporting” in the April 2014 edition of the Long Haul Newsletter Historically, accounting standards have not differentiated between public and privately held companies when it came to financial reporting. What was right for a Fortune 500 publicly traded company applied to every business, large [...]

On March 31, 2014, New York State governor Andrew Cuomo signed into law major corporate tax changes that will affect taxpayers that have operations in New York as well as taxpayers that are doing business in the State. The changes are generally effective for tax years beginning on or after Jan. 1, 2015, unless noted in this tax alert.This tax alert summarizes each of [...]

California recently issued Franchise Tax Board Chief Counsel Ruling 2013-04, which deals with the sourcing of management fees for nonresidents of California for services provided to a private equity fund (“PEF”) and to the fund’s portfolio investments where the services were performed wholly in California. This tax alert contains information on the followi [...]

Nonprofit Finance Fund (NFF) released the results of its 2014 State of the Nonprofit Sector Survey last week, and the findings are not surprising: The economic recovery is leaving behind many nonprofits and communities in need: 80% of respondents reported an increase in demand for services, the 6th straight year of increased demand. 56% were unable to meet demand i [...]

The purpose of this Quarterly California Tax Legislative Update is to provide our clients and prospective clients with timely and meaningful updates that affect both their personal income and business taxes.The first quarter of 2014 was a relatively quiet time in California from a tax legislative perspective. The Franchise Tax Board (FTB) upheld its position that pret [...]

The first quarter of 2014 was a relatively quiet time in California from a tax legislative perspective. The Franchise Tax Board ("FTB") upheld its position that pretty much all income in California should be treated as apportionable business income based on a Superior Court ruling that a merger termination fee is apportionable business income in California. The State [...]

On May 1, 2014, the California Supreme Court ruled 4-3 that state consumer protection laws do not provide recourse to customers on excess sales tax reimbursements. See Loeffler v. Target Corp., Cal. Sup. Ct. No S173972 (5/1/14). The issue at hand was whether customers could challenge sales tax determinations made by a retailer in Court based on state consumer protecti [...]

On May 1, 2014, the California Supreme Court ruled 4-3 that state consumer protection laws do not provide recourse to customers on excess sales tax reimbursements. See Loeffler v. Target Corp., Cal. Sup. Ct. No S173972 (5/1/14). The issue at hand was whether customers could challenge sales tax determinations made by a retailer in Court based on state consumer protecti [...]

Michele Gentile is speaking at the Women in Film and Television International Summit on May 16th in Pittsburgh. Dates: May 16, 2014 – May 19, 2014 all-day Location: Westin Convention Center Hotel 1000 Liberty Avenue Pittsburgh, PA 15219 Cost: Early Bird – Women In Film Members: $325.00 Early Bird – Non-Members: $375.00 Day passes also available For more infor [...]

On May 19th, GHJ welcomes you to an “invitation only” networking event for thought leaders in the entertainment industry. With the addition of Cedar Boschan as a principal and music practice leader, we continue to expand and enhance our leadership in film, TV, video games and music accounting. We offer the largest entertainment royalty audit team in the U [...]