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.

March 21, 2019

New FASB ASU 2018-07 Guidance Simplifies the Equity Accounting Process

If your company grants equity to non-employees/consultants, this is exciting news because it simplifies your equity accounting process! Updated Guidance that’s helpful!ASC 718 has expanded to now include non-employee and consultant grants within its scope. With the updated guidance under ASU 2018-07, employees and non-employees/consultant, will have the same overall treatment: Equity classified option and …

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 …

August 29, 2018

Why You Probably DO Have to File a State Sales and Use Tax Return

In our Outsourced Finance and Accounting group, we file a lot of what we call “non-income tax” forms.   These are pitfalls for many small businesses, and lots of startups don’t even know that this kind of tax exists.  It’s not easy to understand or know when these taxes are applicable, but you can’t ignore this …