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

July 28, 2020

Automation for SOC 2 Reports Saves Time and Reduces Errors

SOC 2 Reports are no longer a nice certification to have, it’s essential in today’s market.  Customers and partners count on this industry standard to demonstrate trust and security. With the digital ubiquity of highly sensitive data and transactions and the constant threat of hackers, assurance of safety is paramount. The SOC 2 audit process, …

July 21, 2020

July 2020 Minimum Wage Changes Take Effect

Despite COVID-19 disruption, scheduled July minimum wage rate increases were not postponed.  There was an average increase of just under $1/hour across all affected jurisdictions.  Check your records to ensure these increases, particularly the city/county increases, were processed. Minimum wage increases will have an impact on your salaried staff, too.  Minimum salary (exempt) pay thresholds are …

July 14, 2020

As States Shut-down Again: Organizations May be Eligible for the Employee Retention Credit

This tax credit is up to $5000 per employee in 2020 and can be immediately applied to payroll taxes. It’s specifically meant to help employers who do not lay off or furlough staff, despite having been partially or fully shut down due to a government order.  Credit applies to wages paid to an employee who …

July 7, 2020

Why Your Organization Should Rethink Its Data Migration Process for ERP Implementation

Organizations switch their enterprise resource planning (ERP) systems to improve their financial and operational data reporting capabilities and help their finance teams become better strategic partners. These implementations are major projects, and many organizations encounter complications that might be easy to avoid. One of the most prevalent barriers to a seamless ERP implementation is data …

July 6, 2020

Advancing FP&A Tools Guide Finance Leaders Successfully Through Disruption

What tools do finance leaders need to help guide their organizations more strategically through these VUCA times? The acronym VUCA means “volatility, uncertainty, complexity and ambiguity” and was coined by the U.S. Army War College to describe the multilateral world after the end of the Cold War. We have always dealt with some amount of …

June 17, 2020

SBA Issues New PPP Forgiveness Instructions

Today, SBA and the Treasury Department released new guidance and application forms for PPP loan forgiveness. Fortunately, they cleared up a few big questions people have: Maximum total compensation if electing 24 weeks is now $46,154 (24/52 * $100,000) The safe harbor restoration date is now theearlier of the date the forgiveness application is submitted …

June 15, 2020

Armanino Partners With Solver to Deliver Leading FP&A Solutions

We’re excited to announce that Armanino is now a value-added reseller (VAR) for Solver Software to deliver leading FP&A Solutions. Solver is a cloud-based corporate performance management (CPM) solution and leader for financial planning and analysis (FP&A). “Solver is excited to have Armanino join our Reselling Partner Program,” says Terry Ginley, Solver VP Partnership Development. “We …

June 3, 2020

Senate Unanimously Passes PPP Changes — President’s Signature Expected Shortly

Senate Unanimously Passes PPP Changes — President’s Signature Expected ShortlyIn swift moves Wednesday, the Senate unanimously approved the bill passed last week by the House of Representatives that significantly modifies the Paycheck Protection Program (PPP) rules. With this action, the bill makes its way to the President’s desk for signature into law, which is widely …

 
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