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

August 3, 2019

Why Internal Controls Are Critical for Cannabis Companies

Internal controls are processes designed to ensure the reliability of a company’s financial reports, the effectiveness and efficiency of its operations, and its compliance with applicable laws and regulations. They are a must for every organization. But for cannabis companies, they are also a benchmark to establish credibility. Developing and implementing operational internal controls will …

August 2, 2019

Are You a Household Employer and Do You Owe Taxes?

Did you know that you might be an employer and not even realize it?  Per the IRS, if you hire someone to do work around your home, then you might be considered a household employer and be required to pay employment taxes in addition to other liabilities.  If you control what work is done and …

What You Need to Know About Independent Contractors and Workers’ Compensation

Workers’ compensation insurance is straightforward when it comes to covering your employees in the event of a workplace-related accident. But it can become fraught with nuance when you’re issued an annual audit and asked not only to report what kind of work your staff does and their annual wages, but also to provide a list …

Are You Ready for California’s New Anti-Harassment Training Requirements?

We are more than halfway through 2019. If you are a California employer and have not already done so, now is a good time to plan how you will meet your new discrimination and harassment prevention training obligations by the January 1, 2020, deadline. The requirements are part of California Senate Bill 1343, which Governor …

Why Real Estate Organizations Need Systems Integration

Whether you work in real estate development, leasing, property management or another area of real estate, misuse of property can derail your project.  Getting the most out of every asset is critical in today’s market.  Why then do so many real estate firms struggle to use their internal tools to their maximum abilities? Real estate …

July 26, 2019

Successful Financial Planning: How to Create a Functional Adaptive Insights Structure

Your journey to successful financial planning with Adaptive Insights begins with a functional Adaptive structure. This means having a clean set of GL Accounts, a logical Organization Structure, and clean ERP actuals. Start by looking at your GL Accounts. You will want to make sure they are clean and consistent across your company structure. If …

July 25, 2019

Three Ways to Fail at Change Management

Many companies have a culture of closing deals and providing great customer service. But typically, there’s zero focus on improving their own internal systems, until a process breakdown occurs. Once a company is broken, the rush is on to implement a software solution to fix all the problems. But this never works without engagement throughout …

July 23, 2019

Decoding Modifications for Stock-Based Compensation

In today’s fast-moving world where the only constant is change, stock-based compensation is increasingly becoming an intricate part of an employee’s overall compensation package. As more and more companies offer equity to attract top talent, it is inevitable that sooner or later, they will run into the complex world of modification accounting for stock-based compensation. …

July 19, 2019

FASB Votes to Propose Deferral of Lease Accounting Compliance

On Wednesday, July 17, 2019, FASB proposed delaying the effective dates for four key standards, including extending the lease accounting deadline for private companies and nonprofits to January 1, 2021. There is a 30-day public comment period, but it is highly likely that these proposed delays will pass. Here’s what it means for lease accounting …

July 17, 2019

Despite a Hot IPO Market, Startups Face Tougher Investor Scrutiny

Explosive gains in the immediate aftermath of some recent high-profile initial public offerings suggest a robust IPO market, but the success of a few unicorns is unlikely to translate broadly to the startup sector.  As a result, investors have become more selective, and companies seeking public or private funding now need to prove not just …

 
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