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

January 18, 2021

FFCRA Leave Alert

The Families First Coronavirus Response Act (FFCRA) legislated mandatory paid leaves for employees.  Essentially, while employers were required to pay for leave when an employee was unable to work due to Covid-19 specific causes, they could get a credit for the paid wages. Those credits applied to wages paid and leave taken between April 1st …

Vaccine Alert

The Equal Employment Opportunity Commission (EEOC) recently issued guidance regarding vaccine anti-discrimination laws.   An employer may make vaccination mandatory – however, some employees may choose not to due to personal health or disability prohibitions or personal beliefs and preferences. In those cases, the employer cannot move to terminate staff unless they pose a significant threat …

January 12, 2021

Consolidated Appropriations Act Expands Employee Retention Credit

The CCA increases the credit and allows PPP borrowers to take advantage of it.

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December 23, 2020

Can Your SaaS Business Scale When It Matters Most?

For SaaS companies, growth isn’t just a goal – it’s imperative. According to McKinsey, a software company that can’t grow at least 20% annually has a 92% chance of failing. There’s little room for error and no time to waste. That raises two critical questions. First, how will you engineer that amount of growth? Second …

December 18, 2020

California SB 1382 Expands the California Family Rights Act (CFRA) to Cover Any Employer with Five or More Employees

California Family Rights Act (CFRA) leaves are used by employees to take time off from work to care for ailing family members, for their own serious health condition, or for the arrival of a new child.  This leave is unpaid, but it is also a protected leave, meaning the employer must reserve that job, or …

December 9, 2020

Streamlining Retainage Billing in the Construction Industry

In construction, retainage is when a party employing a contractor for a specific task withholds a portion of the contractor’s payment until the entire project is substantially complete. For example, if a contractor is hired to level a foundation at the start of a commercial construction project, they may have to wait years for the …

ASC 606: A 5-Steps to Keeping Up With New Construction Accounting Rules

One of the most significant changes in the modern construction industry came in an unexpected form – new accounting rules. When ASC 606 took effect in 2018, it forced everyone in the construction industry, no matter how large or small, to fundamentally change how they approach revenue, accounting and their overall operating model. ASC 606 …

December 4, 2020

The Best Way to Improve Communication With Your Accounting Department

If you’re like most accounting departments, you receive a ton of emails. They come from all sources: attorneys, partners, vendors, clients… you name it! Some of the biggest problems law firms have with their accounting departments center around how the department interacts with the rest of the firm. Meanwhile, I have yet to speak to …

 
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