August 10, 2018
Don’t Get ICEd!
As the United States tightens security at its borders, employers are feeling the pinch. U.S. Immigration and Customs Enforcement (ICE) doubled its number of worksite inspections from 2016 to 2017 and is on track to exceed that in 2018. For 2019, the Trump administration’s proposed budget calls for $570 million to hire 2,000 additional ICE …
August 9, 2018
CA Adopts ABC Test to Evaluate Independent Contractor Status
Effective April 30, following a state Supreme Court ruling, California became one of the newest states to adopt the “ABC test” for determining whether a worker is an employee or an independent contractor. This test is considered the toughest analysis applied in determining whether a worker is properly classified as an independent contractor. The ABC …
August 7, 2018
Complying With Anti-Harassment Training Requirements in California
In the changing landscape in the wake of the #MeToo movement, employers need to be more diligent than ever when it comes to protecting their employees from harassment. One of the more proactive ways to be a compliant employer in California is to make sure to provide employees with anti-harassment training. California law and …
July 31, 2018
Power Up Your ERP With Financial Planning & Analysis
Are you getting as much value out of your ERP as you could be? Platforms like Sage Intacct and Microsoft Dynamics allow you to better manage your business and automate some processes, but they aren’t designed for financial planning & analysis―and the reporting tools that come out of the box with ERP systems sometimes don’t …
July 26, 2018
Biotech Firm Sequences Software Implementations for a Quick Win
A clinical-stage biotechnology company had outgrown their ERP and wanted to upgrade to Microsoft Dynamics 365, but they were concerned that they didn’t have the time and manpower to devote to launching the new system. Armanino assessed their business requirements and pain points, and found that their finance team could free up resources for the …
July 23, 2018
Tax Considerations for Successful ICOs
As cryptocurrency companies plan to raise capital through initial coin offerings (ICOs), it’s vital for them to evaluate the tax implications. This preparation will help ensure that common misconceptions about ICO taxation don’t result in unexpected costs that hamper the company’s ability to survive and grow. The most important tax consideration to understand is that, …
July 17, 2018
Building the Right Finance Tech Stack for Your Organization
When you are building a new finance tech stack for your company, you have a lot of financial software options to choose from. With a large investment of time and money and your organization’s ability to scale on the line, you can’t afford to make uninformed decisions. To evaluate new point solutions, start with some …
July 10, 2018
The Procurement Process: Is It Time to Streamline?
Procurement can be a messy business. Members of your staff want what they want, when they want it—and your procurement process is probably in their way, which can have some unintended consequences. Letting individuals manage purchases for themselves or their departments may speed up the process, but can result in over- or under-buying, untracked purchases …
July 3, 2018
How to Fire Someone the Good Way – Prevent Wrongful Termination Lawsuits
Being good at firing people is critical if you want to avoid a wrongful termination lawsuit. It’s never a fun task, but it’s an unavoidable part of doing business. In our opinion, there are two simple rules of thumb when you are terminating an employee: Be kind. Be professional, yes, but if you have to …
July 2, 2018
Resort Hotel Set to Halve Monthly Financial Close With BlackLine
A large resort hotel perched near the Grand Canyon had contracted Armanino to help them implement Sage Intacct ERP, with the goal of automating many of their financial processes. As we began that project, we soon realized that their monthly financial close was manual and Excel-driven, with a painful amount of inefficiency. It took 12 …