Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

Financial Advisory Blog

November 17, 2020

2020 Year-End Retirement Plan Tasks for Employers

Check 2020 contributions and 2021 limits, and in CA, know your new CalSavers requirements. It’s that time of year again — time to look ahead to your year-end retirement plan tasks as well as upcoming changes for retirement plans.  Plan Contributions Make sure all 2020 contributions are made by December 31, including employee deferrals, employer …

New California Employment Laws Effective January 1, 2021

To help you stay compliant, here’s a list of the new laws. Like most years, 2021 will bring its share of employment-related law changes that California employers should be aware of to stay in compliance. To help you keep track, we’ve listed the new laws below. All take effect January 1, 2021, unless otherwise stated. …

November 16, 2020

Cannabis Legalization Approved in 5 Additional States

The presidential election certainly garnered most of the electorate’s attention on November 4. However, the results also signaled the growing public approval of cannabis, as all five states that had some form of cannabis legalization on their ballots approved it by a significant majority of voters. The five states are:  Arizona – adult-use cannabis was …

Year-End Payroll Checklist

Stay on top of your year-end payroll to set your organization up for success in 2021. Year-end is a very busy time for payroll teams, and it can become very chaotic if employers don’t prepare properly. To help you make this the most wonderful time of the year instead of the most dreaded, here is …

November 12, 2020

The Importance of a Dimensional Chart of Accounts for Finance

If you want to easily track the profitability of each department, branch, project or just about any other aspect of your organization, you’ve been out of luck…until now with dimensional chart of accounts. The dimensions capability within modern accounting software solutions (aka multi-dimensional accounting) now allows you to track revenues, expenses and profitability for any …

November 10, 2020

SBA Begins PPP Audits – What You Need to Know

Spoiler Alert Congress made loud proclamations last spring about transparency and easy, fast access to money in their effort to prop up the economy with the PPP program. Now along comes the SBA in cloak-and-dagger mode, trying to blame the biggest borrowers for trusting Congress while dressing it up as “ensuring fairness”. Like so many …

November 9, 2020

The Covid-19/PPP Coma is lifting for Law Firms – Now What?

Many Law Firms had “issues” way before we knew anything about Covid-19, and if we can say anything for sure about this pandemic, it’s become the great “accelerator.” The great accelerator of many issues we could only lightly discuss before – issues that were on our checklist before this all happened such as: Should we allow …

November 3, 2020

3 Decision-Making Best Practices for Law Firm Back Offices

In recent years, there have been massive strides in business solution technologies that mean law firms no longer have to rely on data from static, clunky spreadsheets for critical decisions. Law firm management best practices these days require that the information coming from your back office is accurate, timely and easy to interpret. While this …

 
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