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

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 …

May 29, 2020

Dispensary Best Practices Checklist for Transitioning Out of COVID-19

As the disruption of COVID-19 begins to enter the reopening phase, dispensaries must be ready to meet existing and new requirements. It’s time to put in place plans for how you will transition out of COVID-19 and propel your organization forward. Here’s a checklist of simple dispensary best practices that should be implemented now for …

May 28, 2020

Proposed Changes to PPP Program Pass First Congressional Hurdle

The House passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010) on May 28 with an overwhelming bipartisan vote — a first step toward it becoming law. The bill was sponsored by Rep. Chip Roy (R-TX) and included a few key changes to the PPP: Extending loan repayment period from 2 to 5 years …

May 22, 2020

10 Compliance and Safety Questions Every Cannabis Company Should Ask

Compliance and safety have always been tremendously important for cannabis companies, and the disruption that COVID-19 has brought to the industry has just increased this importance. We have assembled 10 key compliance and safety questions that every cannabis company should be asking themselves. 1. Have I determined which state and local agencies oversee my operations? …

May 20, 2020

San Francisco and San Jose Adopt COVID-19 Emergency Paid Sick Leave Ordinances

San Francisco and San Jose have joined the list of cities in California that are adopting emergency paid sick leave ordinances to cover the gap left by the Families First Coronavirus Response Act (FFCRA).  Los Angeles has adopted a similar ordinance, and Oakland is also considering such measures. Each city’s ordinance differs, but generally they …

May 16, 2020

SBA Releases Loan Forgiveness Application and Instructions

The much-anticipated PPP loan forgiveness application and instructions became available on May 15. This application provides borrowers with both the form on which they will need to submit the loan forgiveness application to their lender, along with desperately needed guidance in the form of attached instructions. The form itself contains four components: The Loan Forgiveness …

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