GHJ Partner Anant Patel provided his insight into the business opportunities presented for media and entertainment companies in Silicon Beach in the August 29, 2016 edition of the Los Angeles Business Journal. “There are often misconceptions about what it takes to succeed in the entrepreneurial world of media and technology startups. Many Silicon Beach entrep [...]

Most taxpayers are aware that the mortgage interest deduction is limited to $1 million of acquisition indebtedness and $100,000 of home equity indebtedness on a qualified residence. These limitations apply to a single taxpayer or married taxpayers who jointly file their tax return. In the case of a married couple filing separately, the limitations are $500,000 of acqu [...]

Ilan Haimoff, partner, at Los Angeles-based accounting firm GHJ contributes to The Movie Business Book by authoring a chapter on movie and television participation audits. This book draws from a variety of industry experts in an industry that has seen major disruptions and technology advancements over the years. This is a definitive sourcebook that covers fin [...]

Los Angeles, CA, September 16, 2016… Nearly 200 nonprofit industry leaders gathered at the Dorothy Chandler Pavilion on Thursday, Sept. 15, for the 2016 Nonprofit Industry Conference presented by GHJ, a prominent Los Angeles accounting firm. The theme of the afternoon was “Opportunities and Challenges in a High-Risk World,” and included interviews with commun [...]

And by: Kyle Kazanjian-Amory Preliminary research done by: Devin Tang (Intern, GHJ) Does anyone remember rewinding their VHS player to re-watch The Wizard of Oz for a third time? Maybe you were lucky enough to have one of those super-fast rewinder things. Here is a picture to jog your memory: How easily we forget about the archaic technology that once ruled the world [...]

Our film and television profit participation forensic reviews have a life of their own beyond the issuance of our report. Therefore, and based on popular demand, we wanted to share further information on what typically occurs beyond that point. Let’s imagine we have completed our review, and you have our final report in your hands. Now what? Submitting our Report: Bas [...]

Los Angeles, CA, September 29, 2016… Food industry professionals converged at the Petersen Automotive Museum this morning for a breakfast hosted by GHJ. The respected Los Angeles-based accounting firm provided a setting for manufacturers, packers, co-packers, distributors, retailers and restaurateurs to discuss industry trends and plans for sustaining growth. [...]

Los Angeles, CA, October 18, 2016…On the evening of Oct. 18, Hollywood insiders gathered at a cocktail reception presented by GHJ that highlighted the prominent Los Angeles accounting firm’s just-published whitepaper, The Evolution of New Media: Making Money in a World Where Digital Streaming Rules. In a time when global audiences have an appetite for on-dema [...]

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 [...]