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E-Commerce VAT and GST Changes

E-Commerce VAT and GST Changes

As companies continue to expand their global reach through the online sales of goods and services, authorities are focusing more attention on the taxation of these transactions.

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U.S. Tech Firms in China Face New Business Challenges

U.S. Tech Firms in China Face New Business Challenges

U.S. tech firms in China must manage a tougher operating environment as the two countries battle over trade-related issues.

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Final Revenue Recognition Rules Release

Final Revenue Recognition Rules Release

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

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Our Approach

Technology companies face ongoing challenges, from subscription-based accounting issues in the software sector to supply chain disruptions in high tech. Armanino’s technology practice is the largest industry group in our firm. We spend thousands of hours assisting private and public companies that are focused on technology segments, including business services, engineering and management services, software, Internet, biotechnology and more with a wide variety of resource needs.

We offer a full array of services to enable each stage of a company’s development, from startup to multi-company/global expansion, to IPO/planned acquisition, to post-merger integration, to market leadership. Our experts help clients expand domestically and internationally with specialized experience in international tax structuring, cross-border transactions, merger and acquisition integration, transfer pricing and global earnings mobility strategies and more.

What We DO

Our technology specialists include experienced CPAs and former tech CFOs, operations and supply chain experts who have the industry knowledge to help technology companies find the smartest solutions to their unique tax, accounting, audit and strategic needs.
Audit

Audit

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

  • Financial statement audits and reviews
  • Agreed-upon procedures
  • Equity accounting
  • Technical accounting guidance
  • SEC filings & disclosures
  • IFRS adoption/transition
  • Internal control evaluations to minimize risk
  • Revenue recognition
AUDIT SERVICES »
Tax

Tax

We have extensive experience with the complex tax issues that impact technology companies. Our tax experts provide filing guidance and help clients address key concerns and identify strategic tax-planning opportunities. Our services include:

  • R&D tax credits
  • Section 382 tax study
  • Intellectual property (IP) offshore planning for tax minimization
TAX SERVICES »
Risk Assurance & Advisory

Risk Assurance & Advisory

The threats your business faces and the regulatory compliance requirements you must adhere to grow exponentially each year. We provide you with an innovative, analytic and practical approach to managing your risk portfolio by implementing controls and monitoring programs that align with your strategic goals. Our services include:

  • SOX 404 compliance
  • SOC audit & SOC compliance
  • Cybersecurity
  • Privacy
RISK ASSURANCE SERVICES »
Consulting

Consulting

Armanino’s ERP, CRM, budgeting & forecasting, business intelligence and equity administration solutions have helped tech companies increase efficiency and gain better insights as they grow. We provide industry best-practice consulting to connect disparate systems and identify areas for improvement through the use of in-depth business intelligence reporting. We've provided IPO readiness support, Sarbanes-Oxley (SOX) compliance expertise, and a variety of financial and tax consulting services to numerous Silicon Valley companies who have gone public.

Our CFO Advisory services help tech companies through M&A transactions, valuations, technical accounting. We can provide outsourced finance and accounting solutions for your entire back end office, provide temporary or permanent placement from accounting professionals to CFOs with deep tech experience at the highest level or we can do project work as required to take care of what you need at various stages of growth. Our consulting services include:

  • Outsourcing resources
  • Automation of revenue recognition
  • Internal project tracking for R&D
  • Automation of order-to-cash processes
  • Supply chain management
  • Process re-engineering
  • Effectively managing outsourced producers
  • Outsourcing/leasing noncore functions
  • Investing in infrastructure
  • Global expansion
  • IT enterprise architecture
  • Integrated ERP systems
  • Integrated CRM systems
  • Employee self-service through portals
  • Business process modeling

Our Team

Practice Leaders

Matthew Chavez

Matthew Chavez

Partner
Chris Moore

Chris Moore

Partner
Matthew Perreault

Matthew Perreault

Partner
David Sordello

David Sordello

Partner

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Software & SaaS Companies

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Armanino can meet the accounting, tax and other needs of Software as a Service (SaaS) companies.

Resources

Enespro PPE Prepares for Rapid Growth With Sage Intacct and Nexonia

PPE leader Enespro set the foundation for their company’s growth with scalable cloud ERP and expense report management solutions Sage Intacct and Nexonia by partnering with Armanino.

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Mixbook Upgrades Quickbooks to Sage Intacct

Hear from Mixbook's Controller Nick Labao on how partnering with Armanino for Sage Intacct enabled him to be a strategic business partner for his growing technology organization.

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MetaMetrics Uses a New Tech Stack to Apply Data-Driven Focus for Growth

Educational technology company MetaMetrics built a roadmap to update their technology stack with integrated cloud solutions for ERP, FP&A and CRM to drive a focus on strategic growth.

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From Finance to Beyond: Strategic Assessments with a Trusted Partner

Infographic: In today’s volatile world, organizations must be able to maximize strategic investments. A trusted assessment helps uncover how you can increase the value of your inves ...

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BLKBX Creative Group Sets Strategy to Combine Discipline and Creativity for Long-Term ...

Growing BLKBX Creative Group turned to Armanino’s strategy team to develop “bulletproof” long-term financial planning strategies to enable the agency to continue their path of success.

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CFO Evolution 2.0 – The Path to the Transformational CFO

What does the “evolution” of the CFO really mean today?

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New Standards Highlight the Importance of Strong Internal Controls

As they adopt major new accounting rules, public and private companies and their auditors will likely face challenges with testing internal controls and ensuring that they’re sound.

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Home Equity Borrowers Get Good News from the IRS

If you’re considering a home equity loan, know that, the rules have changed under the Tax Cuts and Jobs Act. The IRS recently provided information about these loans, and the news is good.

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SEC Plans to Update Guidance on Disclosing Cybersecurity Risks

After numerous high profile data breaches in 2017, the SEC is discussing plans to update its interpretive guidance for public company disclosures about cybersecurity risks.

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Biotech Firm Relies on Armanino to Determine Value at Critical Milestones

With help from Armanino, Principia delivers financial statements that include an objective, third-party valuation that both the company and its investors can stand behind.

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Will FASB Provide Relief From Reporting Taxes Under the New Tax Law?

The article describes the unrecognized FASB tax benefits, explain what’s being eliminated and retained, and predict how the FASB will minimize “disclosure overload” going forward.

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New Budget Agreement Brings Additional Tax Changes

The Bipartisan Budget Act of 2018 (BBA), which President Trump signed into law on February 9, 2018, contains several tax-related provisions that could reduce the amounts taxpayers owe for the 2017 tax year.

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Halozyme Cures Financial Planning Problems With Adaptive Insights

Innovative biotech company Halozyme improved financial visibility and forecasting accuracy with Adaptive Insights from their trusted partner Armanino.

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Make sure you don’t miss any important 2018 tax deadlines. Be aware that some deadlines have been moved up or pushed back compared to previous years.

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Audit Analytics: What You Should Tell Your Auditor Before Fieldwork

Here’s how auditors use analytical procedures to make audits more efficient and effective, and why it’s critical to tell your auditors about major changes during the accounting period.

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IRS Issues Updated 2018 Withholding Tables

The IRS has released updated withholding tables that indicate how much employers should hold back from their employees’ paychecks to satisfy workers’ tax obligations.

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Tech Roundtable Insights: Preparing for an IPO

The transition from private to public company is a huge leap with little room for error. At a recent Armanino roundtable, experts from Armanino, ...

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Factoring Tax Reform Into Year-End Financial Statements

Multinational companies will be hit with the hardest as companies are required to reflect the new laws in the fourth quarter of 2017.

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Election to Apply the Research Credit Against Payroll Taxes

If you are a qualified small business, subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax.

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TCJA Provides More Generous Depreciation-Related Tax Breaks

If your business is buying new assets in 2018, you’ll be able to benefit in several ways under the new tax reform law, commonly referred to as the Tax Cuts and Jobs Act.

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PCAOB Wants Non-GAAP Measures to Be Audited

Non-GAAP measures can provide added insight into a business when used to supplement GAAP performance data, but they can also mislead investors and artificially inflate a stock price.

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Tax Cuts and Jobs Act Offers Favorable Tax Breaks for Businesses

The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a multitude of tax breaks for businesses.

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TCJA and the Impact on Your Estate Plan

Here is how the Tax Cuts and Jobs Act will affect your Estate Plan.

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On December 20, the House passed the reconciled tax reform bill, which the Senate had passed the previous day. It’s the most sweeping ...

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Travel Research Advisors Gains Visibility and Efficiency Across Entities With Sage In ...

Travel Research Advisors had significantly outgrown QuickBooks and needed a financial solution to scale with their continuing growth.

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FASB Abandons Proposal to Redefine Materiality

The proposed changes would have given businesses more flexibility about what to include in financial statement footnotes, but investors feared that companies would omit useful data.

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FASB Seeks to Clarify Guidance on Collaborative Arrangements

The FASB hopes to clarify its guidance for collaborative arrangements, which could in turn have an effect on the revenue recognition rules.

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Compare and Contrast the House and Senate Tax Bills

The House Ways and Means Committee amended, and approved, the Tax Cuts and Jobs Act, and the Senate Finance Committee released “policy highlights” for its proposed version of a tax plan.

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AICPA Seeks to Align Audit Guidance with International Standards

The Auditing Standards Board plans to issue a proposal in November to expand the auditor’s report and focus more attention on financial statement disclosures.

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FASB Proposes Changes to Reorganize Consolidation Guidance

The FASB would like to simplify the consolidated reporting guidance in U.S. GAAP by reorganizing its format and clarifying some of the content.

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Assets and Liabilities: FASB May Redefine the Basics

The FASB is considering changing the definitions of assets and liabilities as part of a long-running project to update its Conceptual Framework.

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Selling Simplified Plans Faster and Makes Better Decisions With Adaptive Insights & S ...

Selling Simplified works with Armanino to implement Adaptive Insights and Sage Intacct for faster planning, better decision-making and significantly reduced manual efforts.

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FASB Introduces New-and-Improved Hedge Accounting Rules

The recently updated hedge accounting standard brings welcome changes for businesses and investors alike.

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Balancing the Needs of Financial Statement Users vs. Private Businesses

The FASB plans to continue considering whether privately held businesses need simpler accounting requirements compared to public companies.

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FASB Update: Business Combinations vs. Asset Acquisitions

To avoid subjecting day-to-day asset purchases to complex GAAP rules for business combinations, the FASB is updating the accounting definition of a business, via a three-stage project.

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SEC Asks for More Disclosures on Offshore Taxes

U.S. multinational companies have been putting more of their offshore profits in foreign tax havens, and investors want better transparency about these tax strategies and their risks ...

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Lease Standard Concerns May Result in Delays for Some Industries

Many companies are worried about implementing the new lease standard on time. These concerns have persuaded the FASB to propose narrow-scope relief to utilities and oil and gas companies.

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Sooner Rather Than Later – Timing for Taking Your R&D Payroll Tax Credits

Recent legal advice issued by the IRS Associate Chief Counsel helps clarify some of the confusion around the new payroll tax credit for R&D for qualified small businesses.

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Plain English Reporting: Study Says Transparency Is the Best Policy

A recent study found that public companies benefit from using more readable language in disclosures, especially when reporting poor results.

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FASB Pauses so Companies Can Focus on Rev Rec, Lease and Credit Loss Rules

As businesses gear up for three huge accounting changes, the FASB is focusing on implementation of these rules, with no near-term plans for any other major updates.

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Stronger Internal Controls Linked to Drop in Restatements

Restatements decreased in 2015 and 2016, likely due in part to the updated COSO framework and PCAOB oversight, which have strengthened internal controls.

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Monitoring the Impact of Tax Reform on GAAP

As Republican lawmakers weigh sweeping proposals to overhaul the tax code, a trade group for the largest U.S. companies wants the FASB to monitor how the changes may impact GAAP.

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New PCAOB Rule – Does It Really Benefit Investors?

The PCAOB has unanimously adopted a rule to expand the auditor’s report in regulatory filings and make it more useful for investors.

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Should VIE Consolidation Guidance Apply to Private Companies?

A recent FASB proposal would allow private companies that use variable interest entities (VIEs) to skip the consolidation guidance.

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Why and How Auditors Assess Internal Controls

Recent technical Q&As from the AICPA help explain why auditors continually question and test internal controls during audit procedures.

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Split FASB Approves Update for Down-Round Options

The FASB has voted to finalize an update meant to simplify accounting requirements for companies that issue warrants with embedded down-round options.

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Audit Technology Brings Efficiencies and Challenges

Advances in technology are facilitating audit work, but these tools can’t adequately replace an auditor’s knowledge and professional judgment.

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Concerns Rise as Rev Rec Effective Date Approaches

Implementing the new revenue recognition standard is likely to be more complex and costly than expected. Here is a look at the changes and a recent IRS request for comments.

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How Diverse is Your Boardroom?

U.S. companies have been slow to embrace board diversity, despite its benefits, so institutional investors are asking the SEC to beef up its diversity disclosure rules.

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FASB Publishes New Rules on Callable Debt

A new FASB update will shorten the amortization period for premiums paid for callable debt securities, such as municipal bonds, to the earliest call date, to better reflect market realities.

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As companies continue to expand their global reach through the online sales of goods and services, authorities are focusing more attention on the taxation of thes ...

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Cybersecurity Assessment

Armanino's Cybersecurity Assessment Services help you combat the growing threat of cyberattack and safeguard your reputation, digital assets and customer data.

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QuickStart Assessment Service

Armanino Technology Assessment Services provide a holistic review of your current business systems and needs, including people, processes and technology.

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Update on Equity Crowdfunding

It's been nearly a year since the SEC began allowing private companies to raise funds from everyday investors. Here’s where things stand so far.

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Recent FASB Developments: Hedging, Consolidation and More

The FASB isn't planning to issue any major accounting updates in 2017 but instead is fine-tuning certain narrow-range topics, such as hedging and consolidation.

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SEC Will Require Public Companies to Hyperlink Exhibits

The SEC has approved a final rule requiring public companies to include hyperlinks to their exhibits in regulatory filings.

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Watch the savings stack up from Day One with Savings-as-a-Service from Coupa.

Imagine finally having complete control and visibility of all of your company’s spend. You’d see where to save, where to optimize, where bottlenecks happen, and where belts can be tightened.

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iControl Gets Faster, More Flexible Planning and Reporting with Adaptive Insights

Smart tech company Icontrol found an easier, faster and more secure financial reporting and analysis solution in Adaptive Insights. Total confidence in the numbers in just 30 minutes.

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ASB to Issue Final Going Concern Standard

The ASB has voted to issue a final going concern standard. It aligns the AICPA guidance with earlier FASB guidance and shifts some responsibilities from external auditors to management.

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FASB Gets Harsh Feedback on Income Tax Disclosure Proposal

The FASB proposal to add income tax disclosure requirements has stirred up controversy, despite the board’s attempts to balance the cost of changes with investor needs.

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Armanino Helps Dexter + Chaney Deploy Sage Intacct and Shorten Close by 10 Days

Leading construction SaaS company Dexter + Chaney eliminated manual processes by partnering with Armanino to deploy Sage Intacct and integrate with key business solutions, including Sal ...

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California manufacturers and certain researchers and developers may qualify for partial exemption of sales and use tax on certain equipment purchases and leases.

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In Pursuit of Global Accounting Convergence

This article provides an overview of the history of the global convergence project, along with SEC Chair Mary Jo White’s hopes for the future of IFRS in the United States.

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Two years after the material weakness disclosure, audit fees in our study were 64% above the average fees of $599 per million of revenue. Gain best practices to a ...

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PCAOB Says Its Documentation Rules Override Chinese Regulations

This article explains why the Chinese Ministry of Finance and the PCAOB can’t see eye to eye—and how the recent interpretive guidance may be unrealistic for auditors to follow.

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Are You Buying Assets or a Business?

The FASB’s recently revised definition of a business will sharpen the distinction between the purchase (or disposal) of a business and the purchase (or disposal) of assets.

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This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.

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FASB Endorses a Simpler Method for Reporting Impairment

In a close 4-3 vote, the FASB recently finalized its plan to simplify the measurement of goodwill impairment. Here’s an overview of the new method and the argument for and against it.

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Reporting Restricted Cash

The FASB recently amended U.S. GAAP to clarify the guidance on reporting restricted cash balances on cash flow statements. This article discusses how to handle restricted cash.

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Revenue Recognition: FASB Relaxes Disclosure Requirements for Certain Industries

This article discusses the FASB change that will allow some companies to avoid disclosing how much work they have left on certain types of customer contracts before they can be paid.

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Planning for 2017: Leases and Revenue Recognition

The FASB has given technology firms plenty to ponder with its new standards for revenue recognition and leases. This article gives a recap of the standards and what you need to consider.

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Tech Company Gets Clean SOX Opinion and SEC Reporting with Armanino

Fast-growing tech company received a clean SOX opinion with no technical accounting issues and timely SEC reporting for better insights and future reporting requirements with Armanino’s GRC team.

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SaaS Companies: When to Capitalize Costs

Our 2016 survey of 90 public SaaS companies includes excerpts from their development and sales commission accounting policy footnotes. We show both the trends and the disparity in practic ...

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Armanino’s 2016 Q3 Internet Industry Update

This quarterly update is a window into the insight our team has developed through multiple M&A, divestiture and strategic partnering transactions for closely-held businesses across mo ...

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The new-and-improved revenue recognition GAAP rules go live in 2018 for calendar-year public companies. The time to begin implementation is upon us.

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Your guide to avoiding risk and simplifying the CRM evaluation and implementation process.

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There’s No Going Back: Employee Share-Based Payment Accounting

On March 30, FASB published ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC 718. We discuss the changes and why you should partner with an expert.

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Are You Prepared for the New Revenue Recognition Rules?

U.S. companies and their auditors have a lot of work to do before the new rev rec rules go into effect. We review what’s happened over the last two years—and the details that ...

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The CFO’s 10-Step Guide to Sleep the First Year after Ringing the Bell

High growth entities should view IPO readiness not as a single, defining event, but as the CFO’s opportunity to create additional valuein the company lifecycle.

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Amending the Goodwill Impairment Test: A Focus on Tech

FASB recently approved plans to simplify the goodwill impairment test. If finalized, it will be the second change since 2011. We explain the ramifications for tech companies.

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Finance leaders who have been through the process say that as CFOs drive the private-to-public transition, they need ...

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There’s no standard rule-of-thumb, such as reaching a certain head count, that dictates when a company needs to implement an E ...

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Cloud-based applications can help finance leaders focus on their core work, but they first have to build a strong business case and ...

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A guide for CFOs and their boards to understanding why quality 409A valuation compliance is important and cost-effective.

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U.S. tech firms in China must manage a tougher operating environment as the two countries battle over trade-related issues.

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The ROI of CRM: A Tactical Guide to Project Justification & Building Value.

A step-by-step guide to illustrating the value of your next CRM project.

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To make the business case for cloud technology, finance leaders need to quantify benefits in terms of direct savings on hardware, as ...

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As companies move to the hybrid cloud, they must make sure their cloud vendors are following secure procedures for the services they provide.

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NAVCO Uses Microsoft Dynamics CRM and FieldOne Sky for Outstanding Customer Service

  trends and insights

SCOTUS same-sex marriage decision has tax implications for couples and their employer ...

On June 26, the Supreme Court issued a landmark 5-4 decision on same-sex marriage, which will affect tax and estate planning for many couples and also impact their employers.

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On July 9, 2015, the FASB officially deferred implementation of the landmark global revenue recognition accounting standard by one year; IASB followed suit on Jul ...

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Converting Risk Into Opportunity: Leveraging SOC Reporting to Build Customer Confiden ...

SOC compliance requires time and effort, but it also provides an opportunity for service organizations to differentiate themselves in their marketplace.

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On June 25, the Supreme Court upheld the ACA’s premium tax credits for qualifying taxpayers, whether they purchase coverage through a federal or a state exc ...

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SaaS Rev Rec Principles: How to Treat Setup and Implementation Fees

Our survey of 70 public SaaS companies includes excerpts from their revenue recognition accounting policy footnote, and their policy for recognizing non-subscription service revenues.

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BTI Systems Uses PrecisionPoint for Precise Reporting

Global networking solution provider finds efficient, cost-effective reporting tool in PrecisionPoint.

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Microsoft Dynamics Support Services

When your organization faces technical problems, our team of Microsoft Dynamics Certified consultants is here to help.

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As manufacturers add connectivity to their products, they are generating data that can provide new revenue streams and business models.

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Building the Business Case for a New ERP System

Written for CFOs, Controllers and business technology decision makers, this white paper provides a 3-step process to convincing your stakeholders to invest in a new ERP system.

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The Internet of Things is impacting virtually every industry and opening up huge new markets for semiconductor companies.

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Scopix Solutions Business Outsourcing Services

Technology software firm turns to Armanino for Outsourced Finance & Accounting to manage rapid growth in the cloud, connecting bank accounts, invoicing customers and managing cash flow.

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The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

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Company Value Drives Value of Founders’ Stock

The value of a company’s stock is driven by the value of the company itself. It is essential for companies to ensure employees are committed to maximizing the overall success, thereby maximizing the value of stock options.

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Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

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Cybersecurity Company Improve Equity Management with Certent

Leading cybersecurity company selects Certent and Armanino to streamline equity management for compliance and accelerated reporting.

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The IRS and Treasury proposed regulations that provide a definition of software developed primarily for internal use and describe software not developed primarily ...

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Employers with medical reimbursement plans need to review them to ensure they don’t accumulate heavy tax penalties from noncompliance with Affordable Care A ...

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kCura Turns to Sage Intacct and Armanino to Support Business Growth

When a fast-growing technology company needed a solution that would deliver robust reporting and integrate with current systems, they turned to the cloud and Armanino.

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Recent FASB guidance simplifies the way private companies account for some intangible assets in a business combination.

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As the SEC requirements for conflict minerals disclosure tighten in 2015, high-tech companies need to strengthen their vendor audit systems.

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California’s new filing requirement for like-kind property exchanges made under IRC Section 1031 covers like-kind exchanges that occur in tax years beginnin ...

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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.

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Walking Your Board Through a 409A Allocation of Total Equity Value

To avoid expensive tax liability for your privately-funded company, and more importantly, your employees, ensure your Board of Directors has the tools to properly understand the valuation process.

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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.

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

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X-Ray Silicon Manufacturer Boosts Productivity and Cuts Costly Inventory With Microsoft Dynamics AX

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 ...

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Crowdfunding and the JOBS Act

The law was seen as a game-changer for startups, but things haven’t quite gone according to plan.

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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, ...

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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.

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Item Lot Number Traceability in Dynamics GP

  trends and insights

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 ...

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Marketo Scales Business with Armanino’s Intacct-Coupa Integration Pack

  trends and insights

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.

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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  ...

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Business Man Crossing Arms Greek Columns Thumbnail

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

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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.

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

Integrated Silicon Solution, Inc., (ISSI) designs and markets high-performance, integrated circuits.

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PowerView for Microsoft Dynamics AX

  trends and insights

San Francisco Business Tax and Fee Changes Start in 2014

San Francisco voters approved complex and sweeping changes to the city’s business tax and annual business registration fees, via Proposition E.

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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.

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Role Centers in Microsoft Dynamics AX

  trends and insights

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 ...

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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

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.

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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.  

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Case Study - Malarkey Roofing Gains Visibility into Key Performance Metrics with Power BI

Microsemi Corporation engages in the design, manufacture, and marketing of analog and mixed-signal integrated circuits (IC) and semiconductors.

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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.

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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.

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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.

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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.

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

  trends and insights

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.

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Tax and Cost-of-Living Adjustments for Individuals

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

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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.

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Improve your Document Management System with SharePoint

  trends and insights

Dynamic Insights for Microsoft Dynamics AX and GP

  trends and insights

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.

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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.

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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. 

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

On June 26, the U.S. Supreme Court issued two landmark decisions that could dramatically affect tax and estate planning for same-sex married couples.

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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 ...

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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.

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Warranty Management & Product Repair for Microsoft CRM

  trends and insights

Stock Count Import Module for Microsoft Dynamics GP

  trends and insights

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 ...

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

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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 ...

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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.

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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. 

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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.

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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.

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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 ...

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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 » 

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 ...

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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.

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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 ...

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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.

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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 ...

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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 ...

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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 ...

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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.

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Rimini Street Reveals Actionable View of Data with Armanino’s Dynamic Insights

What can true analytics and reporting do for you? Read our case study and learn how Rimini Street is using Dynamic InsightsSM to shorten its monthly close process and achieve weekly forecasting, giving ...

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Microsoft Dynamics GP 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 ...

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MICROSOFT DYNAMICS HIGH TECH INDUSTRY SOLUTIONS

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 ...

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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.

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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.

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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.

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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 ...

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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.

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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.

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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.

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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 ...

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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.

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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.

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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 ...

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Top 5 Things Your Tax Advisor Should Have Done

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

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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 ...

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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.

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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).

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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.

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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).

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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.

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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 ...

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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 ...

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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 ...

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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.

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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.

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What the Tech World Needs to Know Today About Crowdfunding

On April 5, 2012 President Obama signed into law the JOBS Act.  This legislation is one of the most dramatic laws to affect the startup community in many years, affecting SEC registration requirements, Section 40 ...

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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 ...

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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.

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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).

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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.

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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 ...

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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 ...

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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.

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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).

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High-Growth Companies Focus on Cloud Software & Staff Outsourcing

High growth companies are focused on new products, building revenue and expanding, leaving little time or inclination to manage back office operations. 

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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.

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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 ...

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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 ...

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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 ...

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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.

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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 ...

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“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.

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Is it Time to Review Your International Tax Strategy?

We think it’s time for CFOs to re-evaluate their international tax strategy. Here’s why:

Concerned that it may be leaving tax revenue on the table and driven by a new set of laws designed to close t ...

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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 ...

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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 ...

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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 ...

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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 ...

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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.

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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?

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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 ...

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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).

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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 ...

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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 ...

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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.

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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 ...

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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.

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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 ...

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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 » 

Improve Decision Making Effectiveness

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

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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 ...

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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 ...

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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 ...

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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 ...

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

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

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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.

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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 ...

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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 ...

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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 ...

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Another Step Closer to International Accounting Principles

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

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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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.

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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.

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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 ...

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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.

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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, ...

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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 ...

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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.

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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 ...

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IRS Announces 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 ...

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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 ...

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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 ...

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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.

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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 ...

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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 ...

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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 ...

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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.

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Armanino’s 2016 Q2 Internet Industry Update

This quarterly update is a window into the insight our team has developed through multiple M&A, divestiture and strategic partnering transactions for closely-held businesses across mo ...

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