Home

Quick Links

Legal & Sitemap

navigation
Home > Services > Tax

Tax

For companies and individuals alike, minimizing tax exposure requires both a clear vision of where you want to go and the right advisors to get you there. Whether we’re collaborating with your in-house tax department or handling all your tax work on an outsourced basis, we scale our tax services to your organization’s resources and strategic goals.

Our Approach

CFOs, Tax Directors and Business Owners come to Armanino for much more than tax compliance. While we excel in making sure they meet regulatory requirements—both domestic and global—that just scratches the surface of what we do. Whether you’re looking to improve profitability, grow your business or implement a succession plan, we see the tax function as a key strategic tool—as nothing less than a vital means of moving your company forward.

A Personal Approach
Clients count on us to be a fresh set of eyes for in-house tax calculations, and to help them strategize on how best to support key business objectives. In some cases, companies outsource 100 percent of their tax work to us. But more often than not, we collaborate with client companies, taking a personal approach. We are known for coming right to your office—often on weekends, often at the last minute.

Deep Local, State and Global Expertise
If your business operates or sells in one location or many, locally or globally, we can help. Our partners are known for their in-depth tax knowledge. Whether it is dealing with international structuring or R&D incentives, we can provide both compliance and advice. In addition, our Moore Stephens affiliation provides our clients with access to tax professionals in more than 600 offices and 100 countries. And we coordinate every aspect of Moore Stephens’ services by having you simply work through one person—your regular Armanino contact.

Technology to Support Efficiency and Strategy
Our tax services are supported by robust technology, making what we do as efficient as possible. We use both proprietary and third-party tax technology solutions. We also help companies employ in-house technology to streamline tax reporting. Our technology solutions enable us to readily calculate and assess various tax scenarios and share the same information across all annual tax calculations. In fact, we offer a highly evolved automation approach to calculating your Provision, as well as Sales and Use Tax, one that lets us focus on the strategy, as opposed to the clerical work.

Services

Whether you’re a large or small organization strategizing on how to expand your business (locally or globally), a nonprofit looking for a tax advisor who goes well beyond your Form 990 or an individual concerned with succession planning, our services are designed to ensure you reduce your tax risk and address essential federal, state and international tax issues.

Outsourcing

Outsourcing

The complexities involved in developing and implementing a powerful enterprise-wide tax strategy can be daunting even for the largest public company. But for an over-burdened finance department in a private company, assembling the required resources is often not feasible. With this in mind, outsourcing your tax strategy makes a great deal of sense.

LEARN MORE » 

Provision

Provision

For growing companies, working with disparate data sources and facing tight deadlines is often one of the most challenging tasks. At Armanino, we know that completing your company’s provision accurately means taking your provision process beyond the spreadsheet. That is why we offer a proprietary approach to take the time-consuming, error-prone aspects of Excel out of your provision process.

LEARN MORE »
International Tax

International Tax

Tax is an inescapable dimension of almost every business activity and in every jurisdiction where an individual or company conducts business. Our international tax experts have helped numerous companies assess expansion options, mitigate tax risk and maintain profitability. We routinely address cross-border tax issues and help multi-national companies achieve global business objectives. 

LEARN MORE »

Federal Tax

Federal Tax

Individuals and businesses are familiar with the standard 1020 and 1040 tax returns; that’s basic tax compliance. However, our federal tax team goes beyond compliance and focuses on taking advantage of the latest tax laws from the IRS and Congress, as well as the Accounting Standard Updates issued by FASB. Our goal is to help you mitigate risk, increase profits and continue moving your business forward. 

LEARN MORE »

State and Local Tax (SALT)

State and Local Tax (SALT)

If one thing is certain, it’s that no tax law was created equal, and that’s especially true across state, county and even city lines. When it comes to SALT, we scrutinize changes in state and local tax complexities and risks, so you can focus on growing your business.

LEARN MORE »

Individual Tax Planning

Individual Tax Planning

The tax decisions you make today can affect all aspects of your professional and personal life. We make it a priority to understand what you have in mind for your company, your family and yourself. Armed with this information, we carefully coordinate your tax, retirement, estate and financial planning needs to help you achieve your specific goals.

LEARN MORE »

Nonprofit Organizations

Nonprofit Organizations

Associations, faith-based organizations, foundations, charities, private schools and other nonprofit entities need a tax partner with extensive experience with tax-exempt organizations. We excel at assisting nonprofits with a full-spectrum of tax issues, because our tax experts work exclusively with nonprofits. We understand that the Form 990 isn’t the only tax-related hurdle nonprofits face. 

LEARN MORE »

Sales and Use Tax

Sales and Use Tax

Sales and use tax penalties can be substantial for many companies. And a failure to implement the right tax plan may result in substantial risks to your company’s internal controls and, possibly, result in material weaknesses during your audit.

LEARN MORE »

R&D Credits

R&D Credits

Many growing companies believe that their company qualifies for a research and development (R&D) tax credit. However, documenting R&D activities in a way that meets the stringent IRS requirements or state taxing authorities isn’t easy. As a result, we find many companies don’t receive the R&D credit they deserve—or don’t qualify for an R&D credit at all.

LEARN MORE »

IPO Tax Consulting

IPO Tax Consulting

Companies considering going public can no longer rely on the same group of linked spreadsheets to calculate tax. Specific tax footnotes are required for S-1 filing documentation. Armanino can help your company address the often-overlooked tax needs that can otherwise create problems during your IPO

LEARN MORE »

Resources

IRS Issues 2015 Cost-of-Living Adjustments

With inflation remaining in check, many cost-of-living amounts increased only slightly. As you implement 2014 year-end tax planning strategies, consider these adjustments.

should-your-nonprofit-cash-in-on-cryptocurrency-armanino

A fascinating fad … or the next evolution of nonprofit fundraising?

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.  

Employers: Avoid ACA Penalties, But Only If You Act Now

The IRS has released some long-awaited final regulations (regs) for the Affordable Care Act (ACA)—with additional final regs on information-reporting requirements expected soon.

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.

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.

Nonprofits: Seeing Your Way Through Transparency

Since the IRS revised Form 990 more than five years ago to require additional disclosures, transparency has taken center stage with nonprofits.

Tax and Cost-of-Living Adjustments for Individuals

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

Investing the Other 95%

You’ve met the 5% Minimum Distribution Requirement. Now, what do you do with the other 95%?

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 ...

Fundraising Events and Deductibility

We’re dusting off a couple of classic Revenue Rulings (Rev. Rul.) and moving them to the front of the shelf: Rev. Rul. 67-246 and Rev. Rul. 89-51. Each provides guidance that is as relevant today as when it was iss ...

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 ...

Nonprofits Aren't “Exempt” from ACA Penalties

If your nonprofit has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2015), do not delay any longer.

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 ...
evolution-of-sales-and-use-cloud-armanino

Similar to the taxation of downloaded software 15 years ago, states are adapting or altering their taxing regimes to keep up with the evo ...

Disclosure of Uncertain Tax Positions: Are You in Compliance?

As a tax-exempt organization, you might think that the subject of “uncertain tax positions” doesn’t apply to you. Think again.

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 ...

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.

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.

American Taxpayer Relief Act

The American Taxpayer Relief Act of 2012 (ATRA), signed into law on Jan. 2, extends or makes permanent many provisions, and the IRS has now released the remaining inflation-adjusted amounts for 2013.

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 ...

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.

relocating-your-operations-armanino
Manufacturers are increasingly involving senior financial executives and outside financial advisors in their site-selection and relocation plans.

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.

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 ...

When is Non-Profit Income Taxable?

Your 501(c)(3) organization generally is required to pay tax on income that isn’t related to its main purpose — even if that income keeps the not-for-profit afloat.

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.

Top 5 Things Your Tax Advisor Should Have Done

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

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).

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.

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.

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).

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.

transfer-pricing-armanino

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

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.

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.

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.

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).

Defective Letter of Acknowledgment Bars Charity Contribution Deduction

One would think that a cancelled check would be proof enough that a charitable donation had been made, but if the donation is more than $250.00 one would be wrong .

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.

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).

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.

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.

New Reporting Requirements for Tax-Exempt Hospitals are Quickly Approaching

As of 2006, almost 59% of hospitals in the U.S. were tax-exempt under IRC Section 501(c)(3) (organized and operated exclusively for “charitable” purposes). 

SaaS and Other Cloud Providers Potentially Affected by Recent Rule Changes

State legislatures seeking new tax revenues in the down economy are again focusing on sales/use taxes. However, less noticed has been the states’ increasing taxation of Software as a Service (SaaS) and other &ld ...

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.

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).

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 ...

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 ...

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.

Technology CFOs Look at how to Get the Deal Done

Deal volume in the U.S. M&A market continues to rise in 2011 with across the board volume up 16.4% through May on a rolling 12-month basis. Similarly, aggregate M&A spending was $91.2 billion in May, the secon ...

Government Provides Incentives for Electronic Health Records

The Medicare and Medicaid EHR Incentive Programs provide incentive payments to eligible professionals, eligible hospitals and critical access hospitals (CAHs) as they adopt, implement, upgrade or demonstrate meaningfu ...

Estate Tax Uncertainty Remains in 2011 and 2012

Take advantage of unprecedented wealth transfer opportunities and build flexibility into your plan.

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.

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).

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 ...

New Gift and Estate Taxes May Prompt New Planning

A new tax law passed in Congress on gift and estate taxes may prompt clients to think about strategy in near-future gifting. 

Cost-of-Living Adjustments and New Legislation Shape 2011 Tax Planning

In the fall, the IRS started releasing various rates, limits and other inflation-indexed amounts for 2011.

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.

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 ...

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.

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.

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens predicted at a tax-exempt conference that the IRS’s next compliance check questionnaires are likely to address UBIT and possibly political activity.
1099-reporting-changes-armanino

Although seemingly irrelevant to healthcare reform, buried deep in the newly enacted ...

Will the Stimulus Act Benefit You and Your Family?

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). The nearly $800 billion act provides hundreds of millions of dollars of tax cuts expected to benefit 95% ...

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 ...

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 ...

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 ...

IRS to Increase Investigations of Nonprofit Hospitals and Other Exempt Orgs.

Federal tax authorities in February 2010 launched an initiative to expand its scrutiny of the employment tax practices of nonprofit hospitals and other tax-exempt organizations, and Armanino experts say the initiative ...

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 ...

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 ...

Unemployment Benefits Act Also Provides More Opportunities For Homebuyers

The Worker, Homeownership and Business Assistance Act of 2009 (WHBAA) was signed on November 6, 2009. In addition to extending unemployment benefits and enhancing NOL tax breaks for businesses, the act exten ...

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 ...

401k: Managing Emotions During a Financial Crisis

Taking the emotion out of investments in a tough economic climate

first-time-homebuyer-credit-armanino
The following questions and answers provide basic information about the tax credit.

Time Running Out on California Home Tax Credit

The California New Home Tax Credit is available for qualified buyers who, on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside ...

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 ...

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, ...

Nonprofit Form 990 and Plan 403(b) Receive Makeovers

In 2009, nonprofits will need to look more closely at their Form 990 and 403(b) plans. And when they do, they will find plenty of people looking over their shoulder.

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 ...

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 ...

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 ...

Is a Roth IRA Conversion Right for You?

If you're a higher-income taxpayer, one opportunity you may have heard about is the Roth IRA conversion. The Roth IRA is a smart way to save for retirement - or to build wealth for heirs - because qualified withdrawals ( ...

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.

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 ...

Nonprofits: New Reporting Requirements for Tax-Exempt Bonds

Did your nonprofit organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If your organization fil ...

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 ...

Small Tax-Exempt Organizations Can Benefit from ACA

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act. The new law gives small tax-exempt organizations that provide health care coverage to their employees eligibility for ...

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.

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 ...

A Guide to Resolving Sales Tax Exposure for the pre-IPO Cloud CFO

  trends and insights

Experts

Events

Webinar 12/11

Quarterly Update for Intacct

Latest Intacct release offers new features and functionalities Learn about the new features and functionalities avai ...
Webinar 12/17

Microsoft Dynamics GP Monthly Update - Tips & Tricks

Armanino's Gold Certified ERP consultants will share tips and tricks for making the most of your Microsoft Dynamics GP s ...
Webinar 12/18

Business Continuity Planning - Taking Care of Business ...

In this complimentary webinar, we will provide an overview of how businesses can best prepare to recover from disasters. ...