Technology Blog

Armanino’s Technology Blog informs technology and software CFOs and executives of the latest industry trends, rule changes and best practices. Our professionals bring you their insights and advice from an accounting and organization perspective to help your company reach its goals.

Friday, April 3, 2015

FASB Rev Rec Deferral Doesn’t Equal Less Work

This past Wednesday, the Financial Accounting Standards Board (FASB)—after hearing recommendations from their staff—voted to propose deferring the implementation of the new revenue recognition standard by another year. The board plans to issue an exposure draft, which will have a 30-day comment period before final adoption. For public companies, the proposed timeline would apply the …

Monday, November 10, 2014

MacGyver Your Way Through Your IPO and Beyond

As a CFO, are you ready to play MacGyver to get your company through the gantlet that is the run-up to a liquidity event (e.g., an IPO)? You should be prepared to perform the kind of shoestring heroics of the TV legend. Even if companies follow best practices and begin preparing two years ahead of …

Friday, January 17, 2014

Traveling Employees Equal Potential Tax Liabilities

Do your employees periodically travel outside their state of residence for work purposes? Do you withhold individual state income tax in these states related to this travel? Are your employees aware of their income tax filing requirement in these states? Depending on the answers to these questions, it may be an appropriate time to review …

Tuesday, October 15, 2013

A ‘No Surprises’ Approach to Sales & Use Tax

CFOs eager to trade 40% domestic tax rates for 15% tax rates abroad face a daunting set of questions and hurdles. So do CFOs preparing their companies for a liquidity event. But both journeys are well worth taking–if handled with care. Sales and use tax liabilities could be a sticking point for tech companies moving …

Monday, July 22, 2013

International Tax: Offshore Sales and the Taxman

There are a world of uncertainties in expanding into foreign markets. But positioning your intellectual property and sales structures to minimize U.S. tax implications shouldn’t be among them. The U.S. Internal Revenue Service has established a set of guidelines for firms seeking to operate offshore. Make no mistake: There will always be a U.S. tax …

Tuesday, June 25, 2013

Cloud CFOs Weigh In on Sales Tax Exposure

One Silicon Valley CFO said, “Do I worry about sales tax compliance at a CFO level? Absolutely. It’s a significant enough compliance issue and potentially carries enough dollar liability that it’s high on my agenda. Where CFOs go most wrong is in not thinking about where they should be collecting sales tax early enough before …

Monday, May 13, 2013

8 Common Tax Issues with International Assignees

One of the challenges of expanding across country borders is the tax treatment of international assignees. Below are 8 common issues and problems to consider before sending an employee on an overseas assignment. The normal rules of the road change from when a domestic move is considered. In a domestic move, the employer only has …

Tuesday, January 29, 2013

The Evolving Sales & Use Tax Landscape: The Great Cloud Migration

As on-premise software delivery models moved from tangible media to downloads (electronic transmission), states gradually revised their sales and use tax structures to include downloaded software (only 12 states with sales taxes currently do not tax downloaded software). Similarly, states are adapting to the current migration to The Cloud for software companies and other Cloud …

Wednesday, October 31, 2012

California Tax Law Updates – Single Sales Factor

Many companies were able to take advantage of the new single-sales factor election on their 2011 tax return to reduce their California tax to the minimum tax. Was your company one of the many companies that benefited from this new law? California enacted (Regulation § 25128.5 (Cal. Code Regs. § 25128.5, Tit. 18), to allow …