Posts by ahughes

PA Chamber Seeks Changes to Proposed Corporate Tax Rules Source: PA Chamber, Sentinel The PA Chamber is urging the State Department of Revenue to revise its proposed regulations governing how businesses determine which sales of services count as Pennsylvania sales when calculating their corporate net income tax. The Chamber submitted comments last week to the Independent Regulatory Review…

Small Business Accounting Setup: The Ultimate Guide to Managing Your Finances Source: US Chamber, Jessica Elliott Accounting is a critical business task that every company has to contend with, regardless of industry, business model or sales method. Setting up your accounting correctly from the very beginning will save you a lot of headaches and hassle…

Healthcare Revenue Recognition Source: McKonly & Asbury When healthcare entities record patient service revenue, ASC 606 Revenue from Contracts with Customers governs how it is recorded. ASC 606 requires a five-step process to recognize revenue.  The fifth step, recognizing revenue when (or as) the entity satisfies a performance obligation, can be challenging for healthcare organizations, since the…

Who can help with natural gas procurement in the U.S.?  Source: World Kinect Understanding the role of the natural gas marketer in modern energy procurement A natural gas marketer helps U.S. organizations with natural gas procurement by sourcing supply, structuring contracts, managing price risk, and supporting broader energy procurement, energy management, and operational strategies. Introduction: When natural gas procurement becomes strategic…

What Is P.L. 86-272 and How Can It Be Beneficial for State Compliance? Source: McKonly & Asbury, Karley Berry State nexus is the connection between a business and a state that gives the state authority to impose tax obligations, including income tax filing requirements. In some states, nexus is easy to identify because the law…