San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) announced that it has opened the doors of its new downtown Denver office, further expanding the firm’s footprint.
The Denver team works with experts across the firm’s 13 offices throughout California, Washington and Texas.
“Armanino works with many Denver- and Colorado-based businesses. With a steady increase in engagements in the region and a rapidly growing economy, we saw this market as a natural expansion,” says CEO Matt Armanino. “Denver has long been a gateway to the West, making it a key market for many of the firm’s industry specialties and a region with a strong talent pool to draw on.”
The distribution, manufacturing and technology sectors together make up nearly half the region’s GNP, while its cannabis industry is expected to grow 32% in the next four years. In addition, Colorado’s startup activity is ranked fifth in the nation, the firm reports.
Manufacturing, tech and distribution companies must deal with complex issues such as revenue recognition, ASC 606 compliance, valuation, state and international tax, and SOX compliance. Armanino offers a variety of solutions, including outsourced accounting and finance, corporate tax, audit and technology consulting.
Earlier this year, the firm launched its cannabis practice to provide help for common cannabis business IRS issues and financial checks needed by investors.