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.

September 25, 2018

Why You Really Shouldn’t Pay “Under the Table”

Thinking of paying someone cash or wages off the books? Just don’t. For starters, you can’t take the tax deduction if you don’t have the expense properly documented. And, it’s illegal. These are good reasons for compliance, but many employers are still tempted to ignore the rules. Here are some common excuses for not putting …

Why You Really Shouldn’t Pay “Under the Table”

Thinking of paying someone cash or wages off the books? Just don’t. For starters, you can’t take the tax deduction if you don’t have the expense properly documented. And, it’s illegal. These are good reasons for compliance, but many employers are still tempted to ignore the rules. Here are some common excuses for not putting …