Home

Quick Links

Legal & Sitemap

navigation
Home > Industry > Manufacturing & Distribution

Manufacturing & Distribution

Manufacturers today need to stay lean and agile, without neglecting product innovation.  With decades of industry experience, Armanino has the expertise to help manufacturing and distribution companies maximize their efficiency and build their profits. We help clients manage fluctuating cost and margin pressures, respond quickly to demand shifts and minimize their supply chain risks.

Think Before You Move: When Relocating Your Operations, Seek Financial Advice

Think Before You Move: When Relocating Your Operations, Seek Financial Advice

Manufacturers are increasingly involving senior financial executives and outside financial advisors in their site-selection and relocation plans.
Transfer Pricing: Out-of-Compliance Policies Can Lead to Costly Tax Penalties

Transfer Pricing: Out-of-Compliance Policies Can Lead to Costly Tax Penalties

Before you sell equipment or patent rights to a company affiliate, think twice about the price. With revenue-hungry governments worldwide looking to keep their tax bases strong, many are stepping up enforcement on transfer pricing.

Powering Down: Reduce Operational Costs by Conducting an Energy Audit

Powering Down: Reduce Operational Costs by Conducting an Energy Audit

For individuals, finding ways to reduce energy consumption is usually a choice — resulting from a decision to be more environmentally conscious, an effort to save a few dollars each month, or both.

What We Do

We provide an integrated set of audit, tax, consulting and technology solutions to meet our clients’ operational needs. We have particular expertise in improving inventory management and product costing to help businesses run more efficiently and profitably.
Audit

Audit

We can organize an efficient and cost-effective audit or review, ensuring that financial statements display accurate and meaningful results.
Tax

Tax

We have extensive experience with the complex tax issues manufacturing and distribution companies face. Our knowledgeable team is dedicated to helping clients address key concerns and minimize their taxes.
Consulting

Consulting

Manufacturing companies are shifting to “demand pull” and “made to order” business models. Market success depends on a new business agility that responds rapidly to demand changes, supply chain risks and fluctuating energy, commodity and transport costs — and enables new product innovation.  Armanino’s ERP, CRM, business intelligence, and budgeting forecasting software applications help manufacturers to mitigate supplier, compliance and cost volatility risks. For complex equipment manufacturers and semiconductor/fabless organizations we support discrete manufacturing processes, integrate a global supply chain, deliver accurate revenue recognition reporting, support repairs, returns (RMAs) and warranty management.

more

Experts

Related Industries

Complex Equipment Manufacturing


Our Microsoft Dynamics solutions can provide Complex Equipment Manufacturers with a powerful toolset, enabling companies to satisfy customers, gain a competitive advantage, and improve profitability for years to come.

Semiconductor / Fabless


Armanino offers Microsoft Dynamics AX and CRM solutions specifically designed to meet the needs of semiconductor manufacturers for controlling and optimizing business, sales, design-win, and production processes across global supply chains. 

High-Tech

High-tech manufacturers must manage a range of complex issues, from supply chain fluctuations and sh ...

Resources

Businesses, Individuals Benefit from Latest Tax Relief Extender Law

On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), a stopgap measure that retroactively extends certain tax relief provisions through Dec. 31, 2014.

FASB Issues ASU on Pushdown Accounting

On November 18, FASB issued Accounting Standards Update (ASU) 2014-17, giving an acquired entity the option to apply pushdown accounting when there is a change-of-control event.

What’s You Audit Fee-to-Value Ratio?

Consistently, we find public companies are overpaying for their national and Big 4 auditors, but receiving lower-quality audits. Where do your fees fall?

SSARS 21 Accounting Update - Armanino

AICPA has issued SSARS No. 21, which will help differentiate between when an accountant performs a compilation, engagement or prepares financial statements.

X-Ray Silicon Manufacturer Boosts Productivity and Cuts Costly Inventory with Microso ...

dpiX is the world's leading source for high-resolution amorphous silicon (a-Si) sensor arrays. Their a-Si technology provides the foundation for some of today's most innovative solutions in medical, industrial, milita ...

Global Manufacturer Implements Microsoft Dynamics CRM Online to Streamline Sales, Ide ...

Headquartered in Portland, Oregon, Blount is a $935 million industrial equipment manufacturer with 4,500 employees worldwide.

Return Material Authorization (RMA) Solution

Armanino’s managed solution for Microsoft CRM provides a comprehensive Return Material Authorization (RMA) process that supports manufacturers and distributors in RMA tracking, process automation, ...

Pharmaceutical Industry Suite

Life sciences and pharmaceutical companies depend on high sales margins, technological advances and rapid product introductions for strong business growth. With Process Industries for Microsoft Dyn ...

CFO Assessment Services

As your business expands and evolves, investing in an evaluation of your people, process and technology infrastructure is a valuable way to prepare for future growth.

Medical Device Industry Suite

Armanino has deep expertise on relevant enterprise resource planning modules and system integrations for the Medical Device industry. We are one of the largest Microsoft Dynamics ERP in the nation.

Fabless Semiconductor and Semiconductor Industry Suite

Rapid innovation and change in the high tech industry require companies to constantly tune and optimize their business, sales and production processes across global supply chains. Microsoft Dynamics® ...

XBRL Advice for Non-Accelerated Filers

XBRL, a financial reporting format the Securities and Exchange Commission started enforcing for large companies two years ago, is now due to be implemented for the remainder of public companies.

Managing Your Stock Plans Internationally

When devising a global equity plan, U.S. multinational companies should employ a combination of administrative, financial, and legal resources to assist in building a framework that meets  ...

rev-rec-rules-armanino

Long-awaited FASB, IASB guidance significantly changes revenue recognition in financial statements.

Warranty Management & Product Repair for Microsoft CRM

Armanino’s Warranty Management and Product Repair Solution for Microsoft CRM is designed to support manufacturers and distributors throughout the product lifecycle.

Fabless Manufacturer Gains Visibility into Global Operations with Centralized ERP Sol ...

Integrated Silicon Solution, Inc., (ISSI) designs and markets high-performance, integrated circuits for digital consumer electronics, networking, mobile communications, automotive electronics, and medical and industri ...

FASB Revises Reporting Requirements for Discontinued Operations

The Financial Accounting Standards Board (FASB) has issued guidance that lays out new rules for financial reporting on discontinued operations.

FASB Provides Private Company VIE Alternative for Leases

FASB has issued new guidance that permits private companies following GAAP to, in some circumstances, elect not to consolidate the financial reporting from variable interest entities that lease propert ...

IRS Releases Latest Rules On ACA Reporting

The IRS has released a combined reporting form and simplified reporting methods to comply with recent ACA requirements.

Final FATCA Regs Remind Individual Investors of Reporting Requirements

The U.S. Department of the Treasury and the IRS have issued what is expected to be their final significant package of regulations implementing the Foreign Account Tax Compliance Act.  

Semiconductor Manufacturer Gains Independence from Costly Legacy ERP Systems with Dyn ...

Accuray Incorporated develops, manufactures and sells personalized, innovative treatment solutions that set the standard of care with the aim of helping patients live longer, better lives. The Company’s leading- ...

2014 Tax Calendar

To help you make sure you don’t miss any important 2014 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due for individuals, employers, businesses and others.

Dynamics AX Customer on Partnering with Armanino and Selecting Microsoft AX over SAP and Oracle

  trends and insights

FASB Provides Alternatives for Companies on Accounting Principles

FASB has issued two updates to Generally Accepted Accounting Principles that are intended to reduce the cost and complexity of preparing financial statements for private companies.

FASB, PCC Finalize Framework for Private Company GAAP Exceptions

FASB and the Private Company Council released new guidance that will steer their decisions related to reducing the complexity and costs of preparing financial statements for private companies that follow GAAP.

Global Expansion Top Tax Considerations for CFOs

CFOs seeking to gain a more strategic leadership role need to take charge of tax planning - one of the most important issues companies need to consider when expanding.

IRS Update: Final Rules on Investment Income and Medicare Tax

On Nov. 26, the IRS issued final regulations addressing the 3.8% net investment income tax and the 0.9% additional Medicare tax under the Affordable Care Act.

Tax and Cost-of-Living Adjustments for Individuals

On October 31, the IRS released most cost-of-living adjustments for 2014.

IRS Issues Sweeping Rules on Owning Tangible Property

The IRS released its highly anticipated final regulations regarding the deduction and capitalization of expenditures incurred to acquire, maintain and improve tangible property.

Deadlines Extended for Foreign Account Reporting Requirements

The Treasury and the IRS announced deadline extensions for some of the requirements in the final regulations implementing the Foreign Account Tax Compliance Act.

Effective Date for ACA Reporting Pushed Out One Year

The IRS has issued guidance on the recently announced delay in implementation of the Affordable Care Act’s information-reporting provisions and its employer shared-responsibility provision.

Supreme Court’s Decision Provides Many Same-Sex Couples Tax Savings

The U.S. Supreme Court’s decision in United States v. Windsor means that many same-sex married couples will be treated as married for federal tax purposes. 

Supreme Court: Decision Affects Tax and Benefits for Same-Sex Married Couples

On June 26, the U.S. Supreme Court issued two landmark decisions (United States v. Windsor  and Hollingsworth v. Perry) could dramatically affect tax and estate planning for same-sex ma ...

Timing of Bonus Compensation Deduction

While it is widely understood that to obtain a tax deduction for a bonus compensation accrual the amount must be paid within two and a half months following the close of the tax year, the requirement that it also be fixe ...

Non-GAAP Businesses Get New Option for Financial Reporting

The AICPA announced a new option for small business financial reporting, which is intended to ease reporting for smaller, privately held, owner-managed businesses that aren’t required to abide by GAAP.

Report of Foreign Bank and Financial Accounts Impending Filing Deadline

The purpose of this tax article is to draw your attention to a potential filing requirement with respect to Form TD F 90-22.1, “Report of Foreign Bank and Financial Accounts” (“FBAR”), which must ...

Sequester Cuts Take Effect

On Friday, March 1, President Obama signed an order required by law to set into motion the automatic federal government spending cuts known as the “sequester” which could have sweeping effects across a var ...

IRS Expands Relief Program for Employers with Misclassified Worker

In 2011, the IRS launched the Voluntary Classification Settlement Program (VCSP) that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contractors, for future tax periods.

Failure to Plan for the Health Care Mandate Can Cost Big $$$

Starting in 2014, employers can be subject to significant penalties if health care plans don’t “measure up” based on the ACA’s standards.

Employers, Are You Planning for the Health Care Mandate?

If your business has not evaluated its potential costs related to the employer health care mandate, do not delay any longer. 

How the Fiscal Cliff Deal Affects Your Financial Statements

The American Taxpayer Relief Act of 2012 (ATRA) preserved lower income tax rates for most individual taxpayers and made many other income and estate tax law changes. It also extended a number of business tax breaks. LEARN MORE » 

FASB Clarifies Disclosure Requirements for Offsetting

The Financial Accounting Standards Board (FASB) recently issued guidance clarifying which types of transactions will be subject to enhanced disclosure requirements for companies that offset assets and liabilities on thei ...

FASB Exempts Private Companies from a Fair Value Measurement Disclosure

The Financial Accounting Standards Board (FASB) recently issued guidance clarifying the applicability to nonpublic entities of a certain disclosure requirement regarding the fair value of assets and liabilities.

IRS Provides Guidance for New 3.8% Tax on Net Investment Income

Recently, the IRS issued proposed regulations regarding the new 3.8% net investment income tax (NIIT, also known as the Medicare contribution tax) that was created by the Health Care and Education Reconciliation Act of 2 ...

Adaptive Integration

Adaptive has a full range of integration options to connect your system or data with ours, including general ledgers and other enterprise apps such as ERP, CRM, and HR systems, located both on-premises and in the clo ...

Adaptive Planning

Adaptive Planning is the market leader in cloud-based budgeting, forecasting, and reporting. Take advantage of rich functionality and an easy-to-use interface with the world’s ...

Adaptive Discovery

Adaptive Discovery provides visual analytics that empower executives, line-of-business managers, finance and more with timely insight, self-service analysis and reporting, all in the cloud.

Adaptive Consolidation

Intuitive, built for the cloud, and easy to use, Adaptive Consolidation enables organizations to consolidate their financials accurately and efficiently with a fraction of the resources required by traditional enter ...

Adaptive Reporting

Adaptive Planning and Adaptive Consolidation deliver powerful interactive reporting as a standard feature. No programming or special skills are required to use the simple drag-and-drop interface, so users of all kind ...

revenue-recognition-armanino

The field of forecasting has advanced significantly in recent years. But managers need to learn from history about what they can and cannot p ...

Imagine There’s No Excel

With the rise of analytics and Big Data, replacements for Excel are proliferating and CFOs of companies large and small are beginning to pay attention.

The CFOs 5 Step Guide to IPO Execution

The CFO needs to assess all of the different areas that need to be improved—and sometimes there are some large holes—in order to ensure they are prepared to tackle this major change in their business.

Microsoft Dynamics AX: High Tech Industry

Specialized manufacturing requirements in the high tech industry have led companies to deploy Manufacturing Execution Systems (MES) for real-time process and quality control. By interfacing ERP and MES systems, compan ...

Dynamic Insights: Reporting & Analytics

Unlock the power of the data in your Dynamics AX or GP system by putting Armanino’s new product, Dynamic InsightsSM, in the hands of your business leaders. Armanino introduces Dynamic InsightsSM, a true reportin ...

Supply Chain Integration

Supply Chain Integration for Dynamics AX increases supply chain visibility by integrating with your subcontractors, vendors and trading partners. Traditional trading partner integration is difficult and ...

Armanino’s Revenue Management for Dynamics AX Solution

Companies that sell bundled products including hardware, software, services, prepaid support tickets, warranties and maintenance agreements need to be able to break out these multi-element orders to comply with US GAA ...

Stock Count Import Module

Armanino developed the Stock Count Import module to ease the inventory process for manufacturers and distributors using Microsoft Dynamics GP. By allowing the physical inventory to be recorded on a Microsoft Excel spr ...

Messaging Security Firm Grows with Dynamics GP

Cloudmark is an award-winning leader in carrier-grade messaging infrastructure and security solutions, with the industry's fastest, most accurate and most scalable messaging platform for fixed, mobile and social netwo ...

Armanino Helps Crimson Trace Focus on Business Growth with Rapid Deployment of CRM So ...

Based in Wilsonville, Oregon, Crimson Trace manufactures, markets, and sells laser-sighting solutions for handguns. The privately-held company, which has 100 employees, primarily serves the commercial firearms market ...

Med Device Manufacturer Consolidates 18 Independent Systems

Accuray Incorporated develops, manufactures and sells personalized, innovative treatment solutions that set the standard of care with the aim of helping patients live longer, better lives. The Company’s leading- ...

Treasury and IRS Release Final Rules on Foreign Account Reporting

The U.S. Department of the Treasury and the IRS have issued comprehensive final regulations implementing Foreign Account Tax Compliance Act (FATCA) information reporting provisions.

Deadline for Foreign Asset Reporting Extended for Some Filers

The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) announced the fourth in a series of deadline extensions for certain required filings in relation to foreign assets.

IRS Releases Guidance on Health Care Act’s “Play or Pay” Provisions

The IRS has issued extensive proposed regulations implementing the employer-shared responsibility provisions, also known as “play or pay,” of the Patient Protection and Affordable Care Act of 2010.

Final Tangible Property Regulations Incoming

On November 20, 2012, the IRS and Treasury Department issued Notice 2012-73 alerting taxpayers to expect final regulations regarding the deduction and capitalization of expenditures related to tangible property in ear ...

IRS Releases 2013 Cost-of-Living Adjustments Related to Retirement Plans

On Oct. 18, the IRS released 2013 cost-of-living adjustments related to retirement plans. The adjustments can enhance your ability to benefit from IRAs and qualified retirement plans such as 401(k) plans and defined bene ...

Executive Compensation in Public Companies: Are You Ready for 2013?

As 2012 winds down, public companies should be reviewing their executive compensation arrangements and, more specifically, incentive compensation.
relocating-your-operations-armanino
Manufacturers are increasingly involving senior financial executives and outside financial advisors in their site-selection and relocation plans.

As Easy as 1, 2, 3: M&A Goes Smoother with a Financial Expert on Your Side

Mergers and acquisitions (M&A) transactions can be daunting endeavors for both buyers and sellers.

Election Results Leave Much Uncertainty About Tax Law Changes

President Obama’s reelection combined with Senate and House election results that leave both chambers of Congress at nearly the status quo means that much uncertainty about tax law changes remain.

Considerations When Donating Appreciated Property to Charity

The tax law imposes stringent requirements for deducting charitable gifts of property. If you don’t observe all of them, your tax deduction might be reduced or even eliminated.

Some Clarity After Supreme Court Ruling on the Affordable Care Act

On June 28th, 2012, the Supreme Court upheld the Affordable Care Act by a 5 to 4 vote, saying that the Act’s requirement that American’s obtain insurance or pay a penalty was authorized by Congress’s po ...

Expiring Laws, Election Year Complicate 2012 Year-End Tax Planning

Most 2012 income tax rates are scheduled to increase in 2013, and many tax breaks are set to expire.

2012 Year-End Tax Planning for Businesses

Flow-through businesses, which, at least for federal purposes, are subject to individual rather than corporate income tax rates face scheduled income tax rate hikes for 2013.

Top 5 Things Your Tax Advisor Should Have Done

Checklist: Top 5 things your tax advisor should have done to lower your tax bill.

jobs-act-armanino
On April 5 this year, President Obama signed the JOBS Act into law. The legislation designed to give a new designation of emerging growth companies an easi ...

Treasury Releases Model Intergovernmental Agreement On Foreign Asset Reporting

The U.S. Department of the Treasury has issued a model intergovernmental agreement to implement the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA).

Are Your Clients Prepared to Handle a Fraud Disaster?

Disaster contingency plans enable businesses to protect employees, minimize losses, and get up and running again as quickly as possible.

IRS Offers New Guidance on the OVDP; Tax Relief for U.S. Citizens Living Abroad

The IRS recently issued guidance on its current Offshore Voluntary Disclosure Program (OVDP) and tightened eligibility requirements.

SEC Staff Issues “Final Report,” but IFRS Decision Still to Come

On July 13, the staff of the U.S. Securities and Exchange Commission (SEC) issued its final report on the agency’s work plan in relation to International Financial Reporting Standards (IFRS).

FASB Guidance on Impairment Testing for Indefinite-Lived Intangible Assets

The Financial Accounting Standards Board (FASB) last week issued revised standards for public and private companies on how to test indefinite-lived intangible assets, other than goodwill, for impairment.

Supreme Court Upholds Health Care Law: What Do Businesses Need To Do Now?

June 28th’s U.S. Supreme Court ruling has drawn attention to the far-reaching provisions of the Patient Protection and Affordable Care Act of 2010.

Combine Lean Logistics with Six Sigma Methodology to Achieve Goals

A successful distributor must be able to reduce overall costs and cut its time to market, all while improving the quality of its delivery.

CFOs Can and Should Lead Innovation Revolution

Do CFOs see themselves as innovators? They should according to Tapan Munroe, a veteran economist, prolific author and thought leader on innovation. Munroe, who served as chief economist at Pacific Gas & Electric C ...

Why CFOs Leave Their Jobs

CFO turnover in the Fortune 1000 is rising again, according to CFO Magazine. After reaching historic highs of nearly 18 percent CFO turnover in 2008, the economy tanked and movement slowed, dropping to a low of 10.5 p ...

Storytelling: A Fundamental Skill of Business Leaders

Imagine you're CFO of a startup on the hunt for funding and one day you get into an elevator, the doors shut, and you realize you're alone with the head of a well-known venture capital firm. You have maybe 40 seconds ...

New Software Reduces Risk of Running Over Budget

CFOs say they want to deploy new leading edge technology, but cite budget constraints as a barrier to obtaining their most desired technology. That's one of the findings from Armanino's 2012 CFO Benchmark Study.

Evaluating the Hidden Costs in Stock Option Accounting Solutions

Daily management of a stock option plan can be challenging from an administrative and accounting perspective.

Five Mistakes to Avoid when Implementing Equity Management Software

The success of your equity management software solution relies as much on the implementation process as it does on the technology selection itself.

Are you Ready to Streamline Your Warehouse?

Increased efficiency and productivity are music to any distributor’s ears, and you can achieve both with one solution: a warehouse management system (WMS).

transfer-pricing-armanino

Before you sell equipment or patent rights to a company affiliate, think twice about the price. With revenue-hungry governments worldwide ...

What’s your Company Worth? A Business Valuation Can Achieve Many Objectives

There are a myriad of reasons to conduct a business valuation. The main reason is in preparation for selling your manufacturing or distribution business.

Play by the New Rules: Follow the New Cost Basis Rules When Reporting Stock Sales

A major change to the “cost basis” reporting rules recently kicked in regarding the amount of information that is supplied to the IRS about investors’ activities.

IRS Issues Guidance on Expanded Work Opportunity Credit

The IRS released guidance and forms that employers can use to claim a tax credit for hiring veterans that explains the expanded Work Opportunity credit.

Financial Accounting Foundation Sets the Stage for Private Company GAAP

On May 23, after considering numerous public comments, the Financial Accounting Foundation (FAF) approved the creation of the Private Company Council (PCC).

16 Questions and Answers to Help with IRS Policies and Procedures

Now that tax filing season is over, it’s a good time to answer some questions you may have about IRS practices and procedures.

Standard Change: FASB and IASB to Issue New Approach to Lease Accounting

Up until now, accounting for heavy industrial equipment and shipping containers to office copiers and office space has been fairly straight forward but that is changing.

Now is the Time to Evaluate Your Risk of Material Misstatement

It can be challenging to stay informed about business regulations and laws, regulations constantly evolve…and so must your business.

Mixed News on Misclassification of Workers

Federal and state tax authorities say they lose many millions of dollars in revenue due to the misclassification of workers.

Leading Change in Process Improvement

According to Armanino’s 2012 CFO Evolution Benchmark Survey, Bay Area CFOs say the greatest organizational risk facing their companies is the failure to improve operational processes.

The survey results a ...

Treasury and IRS Release Proposed Regulations on Foreign Asset Reporting

The U.S. Department of Treasury and the IRS have issued sweeping proposed regulations implementing information reporting and withholding tax provisions for foreign financial institutions (FFIs).

Revenue Recognition Overhaul Nears Final Phase

Companies will see significant changes in codes and disclosure rules due to a joint project that will replace the huge body of existing revenue recognition standards with a new single model.

powering-down-armanino

For individuals, finding ways to reduce energy consumption is usually a choice — resulting from a decision to be more environmental ...

Payroll Tax Relief Extended Through Year End

In December, Congress was able to pass only a two-month extension of payroll tax relief — on the condition that Senate and House conferees be appointed to work on a full-year extension.

Shining for Your Board

Are you a value creator or a score keeper? Okay, maybe both, but CFOs have indicated through our annual benchmark study that they’d like to spend much more of their time creating value. They also indicated they&rsq ...

The Physics of Fraud

Quantum mechanics teach us that appearances are deceiving. What appears solid at human scale can look very unstable under a powerful microscope.

For Major IT projects, It's All About Scope

If you're a CFO who manages IT and you have a project on the horizon, you're probably aware that most major IT projects run over budget and time - sometimes way over. Comprehensive IT initiatives touch so many functio ...

IRS Offers Employers a Break on Misclassified Workers

The IRS has announced a new program that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contractors, for future tax periods.

Congress Repeals 3% Withholding, Provides Tax Incentives for Hiring Veterans

There’s no question that the struggling economy has had a negative impact on the value of many businesses and investments. But it also influences the business valuation.

The Tech Behind Inventory Tracking

In the distribution industry, accurately identifying and tracking inventory is job number one.

Benefitting the Kids and Charity with One Powerful Strategy

For an individual searching for a powerful wealth transfer device and a charity searching for current cash flow, now is the perfect time to utilize a Charitable Lead Annuity Trust (CLAT).

Supply Chain Management: Choose a System That Fits Your Needs and Budget

Manufacturers have used transportation management systems (TMSs) for nearly 15 years and as a result, many manufacturers are leaving their third-party logistics service providers in favor of the more convenient, cost- ...

IPO Readiness: Why Now?

Getting your company ready for an IPO isn't easy, nor is it cheap; in fact, it's disruptive and takes people out of their comfort zones. But that's exactly why you should consider preparing for the IPO well in advance ...

New Business Intelligence Tools Can Help You Outperform Your Peers

An article in Forbes magazine recently noted that the collection and analysis of data is becoming a "key way for leading companies to outperform their peers." We think that nothing could be truer. The more refined and ...

IRS Beefs Up Staff - Audits on the Rise

In an aggressive move to close the tax gap — the difference between tax owed and what is actually paid to the federal government — the IRS has increased its ranks significantly, hiring 1,500 additional new ...

“Fair Value” in a Troubled Economy

There’s no question that the struggling economy has had a negative impact on the value of many businesses and investments. But it also influences the business valuation process itself.

Will Private Companies Get Their Own GAAP?

The Financial Accounting Foundation (FAF) — parent organization to the Financial Accounting Standards Board (FASB) — will soon decide whether to adopt recommendations made earlier this year by a blue-ribbo ...

Are Your Prices Right? Reassessing Your Pricing Strategy Can Pay Dividends

Layoffs, hiring freezes, and pay and budget cuts were the go-to survival tactics during the economic downturn. In the midst of this downsizing frenzy, many manufacturers neglected to reassess their pricing strategy. < ...

Reverse Audits Ensure Appropriate Sales & Use Tax Exemptions

In an economy where there’s no room for unnecessary expenditures or costly mistakes, many manufacturers are turning to the reverse audit to make sure they haven’t overpaid sales and use taxes.

A Lean Manufacturing Environment Benefit from Lean Accounting Practices

Lean manufacturing is nothing new — many manufacturers adopted this business model during the last decade. But did you know that lean accounting is crucial to operating in a lean manufacturing environment?

Budget Control Act Increases the Debt Ceiling, Excludes Tax Law Changes

Just in time to prevent the country from defaulting on its financial obligations, Congress passed and the president signed the Budget Control Act of 2011.

Reducing the Budget Risks

As Saver-in-Chief of your organization, you as the CFO know exactly where the dangers to the corporate budget lurk.

Your business might be labor-intensive (like a law firm) or asset intensive (like a leasing co ...

CFOs are Ideal Leaders for Transformative Change

For executives at startup companies, maintaining open channels of communication between departments is often as easy as walking down the office hallway to ask a question.

But as companies grow in size and dispe ...

Use Available Weapons to Fortify Your Manufacturing Company Against Fraud

While you were busy stemming the tide of customer defections and budgeting for rising raw material prices, another revenue-sapping issue has been growing increasingly problematic: fraud.

Get IT Right Regardless of Economic Conditions

While some cost-cutting measures may be essential in a weak economy, slashing information technology (IT) budgets and expenditures isn’t the way to stay afloat.

Can Your Company Survive a Product Recall?

Recalls — and particularly the mishandling of them — can cost manufacturers millions of dollars.

A Look at Cloud Computing: Risks and Rewards

Cloud computing is all the rage these days, but what does this new trend really mean for your business?

FASB Issues New Standards for Fair Value Measurement and Disclosures

In conjunction with the International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB) on May 12 issued new standards for public and private companies on fair value (FV) measurement a ...

Congress Repeals Expansion of Form 1099 Reporting

Congress has repealed provisions in last year’s Patient Protection and Affordable Care Act (PPACA) and the Small Business Jobs Act (SBJA) that expanded the mandatory filing of Form 1099.

The Return of a Stable Economy Could Pose New Business Risks

The markets are up. Companies are hiring again. And while it’s good news that earnings and profitability are up, for many companies there are still headwinds and concerns in the marketplace. One of those concern ...

IC-DISC Offers Tax Breaks for Exporters

If your closely held company earns significant income from exporting consider forming an interest charge domestic international sales corporation (IC-DISC).

Changes to the SAS 70 Landscape

The American Institute of CPAs (AICPA) recently issued the new controls auditing standards that build on and replace the almost twenty-year-old SAS 70 standards and will affect reports issued after June 15, 2011.

CA Franchise Tax Board Steps Up Enforcement of Nonresident Withholding Rules

If you are a California company that pays a nonresident of California income from sources in California, you may potentially have to withhold and send the Franchise Tax Board (FTB) seven percent of all payments that e ...

Tracking the Budget One Dollar at a Time

It stands to reason that no one understands a company’s financial picture better than the CFO. But what if the entire management team could grasp where the money was coming from and where it was going – in ...

IRS Regulation: Corporate Disclosure of Uncertain Tax Positions

The IRS recently issued a final regulation that marks the culmination of its efforts to require certain corporations to submit information related to uncertain tax positions along with their income tax returns, beginn ...

How will the Tax Relief Act Affect your Estate Plan?

There’s been much speculation as to what Congress would do about the 2010 estate tax repeal and the scheduled 2011 return of the tax at higher rates and a lower exemption.

Tax Relief Act Provides Businesses with Enhanced Investment Incentives

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed by the Senate Dec. 15 and the House Dec. 16, may be best known for extending lower income and capital gains tax rates for in ...

Tax Relief Act Offers Many Income-Tax-Saving Opportunities for Individuals

The extension of the lower income and capital gains tax rates was set to expire Dec. 31, 2010, along with significant reductions to the estate tax, has probably received the most media coverage.

Improve Decision Making Effectiveness

Last month, Armanino sponsored the CFO Rising conference hosted by CFO Magazine in Las Vegas.

Lodging Provided to Employees: Taxable or Not?

The IRS has definitive rules for whether or not lodging is a taxable event to the employee. Special rules exist for educational institutions and will also be discussed.

What Contributes to the Success of an ERP Project: Software or Implementation?

While almost all ERP buyers spend a great deal of time analyzing the functional differences between competing products, they seem to spend very little time scrutinizing how each product will be implemented. LEARN MORE » 

IFRS conversion: The early bird catches the most benefits

What to know about the conversion to IFRS and benefits of converting early

The question today is no longer if  IFRS will replace U.S. GAAP, but when it will happen — and a ...

Stimulus Act Provides Businesses Tax-Saving and More

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). The nearly $800 billion act’s government spending initiatives and tax incentives for private ...

Planning on M&A Activity

What you need to know now to help guide you through FAS 141(R), 142 and 144 as well as other best practices.

No public company wants to face the time and expense, as well as the negative investor and ...

In a Giving Mood?

Why now is an excellent time to give away assets to loved ones

A smart gifting strategy is always an important piece of an estate plan. But thanks to a confluence of four factors — depressed ass ...

SEC Calls Time: Are You Ready To Comply With XBRL?

The SEC has talked about XBRL for years — now it’s finally mandating compliance.

Contract Audits Can Add Pure Profit to the Bottom Line

Some companies have recovered as much as a 16% increase to their bottom line when having contract audits performed.

Section 2511(c) and the Uncertain State of the Estate Tax

It’s been almost nine years since the Economic Growth and Tax Relief Reconciliation Act of 2001 called for the federal estate tax to be repealed in 2010 — and reinstated in 2011. The one-year repeal was a ...

FASB Expands Fair Value Disclosures

On January 21, 2010, FASB issued Accounting Standards Update (ASU) 2010-06, Improving Disclosures about Fair Value Measurements. The ASU reports on new disclosure requirements — and clarifications of existing re ...

FASB Reworks Subsequent Events Guidance

On February 24, 2010, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2010-09, Subsequent Events — Amendments to Certain Recognition and Disclosure Requirements. The ASU ...

FASB to Change Accounting for Leases

The lease accounting rules are likely to significantly change in the coming years. Current lease accounting standards have come under criticism for not meeting the needs of users of financial statements.

IRS Guidance Clarifies How to Claim NOL Carrybacks under the Latest Extension

One of the provisions of the Worker, Homeownership and Business Assistance Act of 2009 (WHBAA), signed into law in November, 2009, allows businesses of all sizes to elect to carry back a net operating loss (NOL) for 2 ...

Five Keys to Success for Your SAS 70 Project

A SAS 70 project requires careful planning, execution and communication between the company and the SAS 70 consultant. Since another company’s auditors will be relying on the SAS 70 report generated, getting it ...

FASB Implements the New Codification of Accounting Standards

Your company’s financial statements are being held to a new standard, and it’s a standard that you may not know about. The landmark change has received little fanfare but is critical for companies as they ...

FASB provides nonpublic entities some guidance and some relief

On September 2, 2009, FASB issued Accounting Standards Update (ASU) No. 2009-06, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic E ...

Businesses Experiencing Operating Losses Now Have More Tax-Saving Options

On November 6, 2009, President Obama signed into law the Worker, Homeownership and Business Assistance Act of 2009 (WHBAA). In addition to extending unemployment benefits for millions of Americans and enhancing the ho ...

Low Inflation Adds Up To Meager Cost-Of-Living Adjustments for 2010

On October 15, 2009, the IRS released various rates, limits and other inflation-indexed amounts for 2010. Not surprisingly, given low inflation (deflation in some cases), many amounts will be the same for 2010 as they ...

Measuring Liabilities at Fair Value

On Aug. 27, 2009, the FASB issued Accounting Standards Update No. 2009-05, Measuring Liabilities at Fair Value. The ASU reports on some important amendments such as guidance on measuring the fair value of li ...

Distressed S Corporations: Tax Issues Involved in Restructuring

The recent economic downturn, coupled with the tightening of the credit market, is affecting all types of businesses, including S corporations. This article highlights tax issues and planning opportunities that m ...

Public Companies: Top 5 Ways to Increase SOX Efficiencies and Cost Effectiveness

This top-five list gives you insight into the experience that accounting and consulting firm Armanino has gained while performing Sarbanes-Oxley (SOX) compliance services for sm ...

Donating to Haiti Relief Efforts? You may be Eligible for a 2009 Tax Deduction

On January 20, the House of Representatives passed legislation permitting taxpayers to deduct certain 2010 charitable contributions for Haiti disaster relief on their 2009 tax returns, rather than on their 2010 returns, ...

FASB Codifies New Rules for Consolidation of VIEs

With its recent Accounting Standards Update (ASU) 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, the Financial Accounting Standards Bo ...

Think your life insurance proceeds are income tax free? Maybe not, under new rules

One of the key income tax benefits of life insurance policies is that, in general, proceeds received by the beneficiary on the death of the insured are excluded from income ...

IRS provides guidance on electing to accelerate research or AMT credits

Corporations with unused research or alternative minimum tax (AMT) credits from pre-2006 tax years have a decision to make: Should they take advantage of the 50% first-year depreciation bonus that was extended through ...

Sales and Use Tax: An Integral Part of Any Corporate Tax Function

Sales tax is a tax on the sale at retail of tangible personal property and certain enumerated services. Leases generally fall within the definition of taxable sales. Use tax is a tax on the storing, using, co ...

Avoid Noncompliance Penalty; What You Need to Know About IRC Section 409A

Enron executives accelerated the payments under their deferred compensation plans in order to access the money before the company went bankrupt. Internal Revenue Code Section 409A was enacted, in part, in res ...

Another Step Closer to International Accounting Principles

The introduction of FAS 141(R) illustrates the continued movement towards converged accounting standards.

Will the HIRE Act Benefit Your Business?

On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) act. The act provides tax incentives that will help many companies grow their businesses as the economy recove ...

Congress Extends Homebuyer Credit, For Some

Just before an important deadline for the homebuyer credit was set to expire July 1, Congress extended it. But the extension will benefit taxpayers only in limited circumstances.

Top 8 Best Practices for New SEC Regulation Surrounding Risk Oversight

There has been increasing discussion in the past few years around the Board of Directors involvement in risk management.

Fraud May Come From Those You Least Suspect It

When finding ways to increase an individual's income to make ends meet proves difficult, a convenient way to relieve financial stress is through fraud.

How Health Care Reform will Affect Your Tax Bill

On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, representing a sweeping overhaul of the U.S. health care system. Here’s an overview and its major tax-related provis ...

A Sales/Use Tax Audit May Be in Your Future: Be Prepared For It

Past trends have shown that businesses in California have a 20 percent chance of being selected for a state sales/use tax audit. Large, multinational corporations are accustomed to regular sales/use tax examinations, ...

Legislation Extends Tax Breaks for Small Businesses, Investors and More

Congress has passed, and the president is expected to soon sign, the Small Business Jobs Act of 2010 (SBJA), creating a $30 billion fund to provide capital to community banks to encourage lending to small businesses. The ...

The Push for Global Accounting Standards: Big Changes in the Works

In an increasingly global economy, most financial experts agree that a single, high-quality set of international accounting standards would provide significant benefits. There's less consensus, however, on how to get the ...

IRS Guidance: New Small Employer Tax Credit for Health Insurance Expenses

The Patient Protection and Affordable Care Act (PPACA), signed into law in March, offers a valuable new tax credit to eligible small businesses and nonprofits that provide health coverage to their employees.

FASB Issues Revenue Recognition Guidance for R&D Vendors

The Financial Accounting Standards Board (FASB) recently released Accounting Standards Update (ASU) 2010-17, Revenue Recognition — Milestone Method (Topic 605): Milestone Method of Revenue Recognition (a consensus ...

IRS Issues Guidance on Tax Treatment of Health Coverage for Adult Children

A little more than a month after President Obama signed the Patient Protection and Affordable Care Act (PPACA) into law, the IRS has released guidance on provisions related to the tax treatment of employer-provided he ...

IRS Announcese Instructions for Reporting Uncertain Tax Positions for 2010

The new Uncertain Tax Position Statement (“Schedule UTP”) generally would require a corporation with assets of at least $10 million to disclose to the IRS the company’s FIN 48 and other tax reserves. Be ...

Why is IRS Having a Problem with Companies Using Independent Contractors?

Back taxes, substantial IRS penalties and interest are issues that companies never want to face, but the ongoing recession could increase the likelihood that they will.

Ready or Not, Here IFRS Comes

Planning for the upcoming changes

The move away from U.S. Generally Accepted Accounting Principles (U.S. GAAP) to International Financial Reporting Standards (IFRS) is becoming a reality more quickly than onc ...

Measuring Uncertain Tax Positions

Businesses will need to be aware and prepare for the implications of tax standard FIN 48 and the affect it will have on financial statements

In June 2006, the Financial Accounting Standards Board (FASB) issued ...

Forget What You Know About Fair Value

FAS 157 seeks to eliminate the confusion when measuring fair value

If you haven’t been keeping up with your FASB news, the definition of fair value has changed.

Fair Value Now A Bit More Fair

FAS 159 allows companies to reduce volatility offerings

In February 2007 FAS 159, "The Fair Value Option of Financial Assets and Financial Liabilities" standard was released, and with it a way to account for f ...

Improve your Document Management System with SharePoint

  trends and insights

Dynamic Insights for Microsoft Dynamics AX and GP

  trends and insights

Stock Count Import Module for Microsoft Dynamics GP

  trends and insights

PowerView for Microsoft Dynamics AX

  trends and insights

Warranty Management & Product Repair for Microsoft CRM

  trends and insights

Role Centers in Microsoft Dynamics AX

  trends and insights

Customer Story: Partnering with Armanino to get more from Microsoft Dynamics CRM

  trends and insights

Customer Story: Upgrading to Microsoft Dynamics GP with Armanino

  trends and insights

Item Lot Number Traceability in Dynamics GP

  trends and insights