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.

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 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 …

April 3, 2018

No, You Can’t Wriggle Out of Paying Overtime

Looking for an easy way out of paying overtime? We don’t blame you. It’s a convoluted issue that (ironically) makes accounting teams put in longer hours to comply with all the various labor mandates. You can’t simply raise pay, however, or change a title to make a position exempt from overtime. And if you try …

March 16, 2018

How to Keep Workers’ Compensation Costs Low

Workers’ compensation insurance is a vital piece of company-owned insurance. As an employer, you are legally obliged to carry the insurance if you employ one or more workers, unless you have employees in a state that doesn’t require coverage (e.g. Texas). Rates are calculated based on two factors: your gross payroll, multiplied by a rate …

Marijuana in the Workplace – Clearing the Smoke

Since 1996, 29 states and the District of Columbia have legalized medical marijuana.  There are currently nine states, as well as DC, that have adopted laws legalizing cannabis for recreational purposes.  As the use of marijuana, both medically and recreationally, increases in the United States, employers should review their policies―specifically regarding drug testing, company policies and …

December 21, 2017

Being An Employer Is Risky Business

Having weak human resources policies can be a real threat to your bottom line, because employers face a multitude of labor-related risks. Our Outsourced Finance and Accounting practice includes a team of HR specialists―we like to call them risk managers―who have seen firsthand the potentially pricey mistakes employers can make in this confusing area. Want …

September 29, 2017

Why “Freelancer” Is an F-Word

If you say “freelancer” to me when referencing your staff, my eyebrows will go up through my bangs in alarm. That’s because using freelancer or “outside consultant” terminology will raise IRS, DOL or other government entities’ suspicions about your worker classification. It will also be a red flag for a potential buyer’s due diligence auditor …