Articles

Lawmakers return to Harrisburg with a short fall runway Source: PA Chamber Pennsylvania lawmakers return to Harrisburg today after a 10-week recess with a limited window to move legislation before the Nov. 3 election and the scheduled Nov. 30 end of the two-year session. Data centers, energy policy, and skill games will be among the…

AI is moving expertise to the frontline. Is business ready to turn it into value? Source: US Chamber By: Ravi Kumar S AI is giving everyday workers access to capabilities once concentrated in specialist and supervisory roles. The opportunity is to redesign jobs and incentives so that greater frontline intelligence creates more business value, greater…

ESOP Valuations: Same as Other Valuations or Different? Source: McKonly & Asbury Business valuations performed for ownership interests held by Employee Stock Ownership Plans (ESOPs) are similar to business valuations of other ownership interests. Both types of valuations will consider the three approaches to value (the Market Approach, the Asset Approach, and the Income Approach),…

Competition Starts with Information Source: US Chamber By: Lexi Branson & Grace Williams September 22, 2026 Access to information empowers consumers, strengthens competition, and helps new ideas reach the marketplace. Article Summary Access to information helps consumers understand their options, compare alternatives, and make more informed decisions. When businesses can communicate with consumers, competition becomes…

Internal Audit: A Strategic Partner in Nonprofit Fraud Prevention Source: McKonly & Asbury Key Takeaways Nonprofits Face Unique Fraud Risks: Lean staffing, limited resources, and reliance on trust can create opportunities for fraud. Strong Controls Are Essential: Effective internal controls, oversight, and accountability help reduce fraud risk and protect organizational resources. Internal Audit Is a…

How Is AI Impacting Small Business Performance? Evidence from the Third District Source: Federal Reserve Bank of Philadelphia  by Theresa Dunne & Adam Scavette As adoption of artificial intelligence (AI) applications rises among U.S. firms, researchers are seeking to better understand the technology’s usage and impact across different types of businesses. Recent research suggests that although large…

A Beginner’s Guide to Creating and Managing an Email Marketing List Source: US Chamber By: Emily Heaslip Email marketing is consistently rated one of the most effective ways to connect with customers. But it takes time to build and manage the list of contacts you need for your email marketing to deliver maximum impact. Here’s…

Changes to Local Tax Sourcing in Pennsylvania Source: McKonly & Asbury The 2026/2027 Pennsylvania budget was passed on July 12, 2026. As part of the budget legislation, changes were made to sourcing rules relevant to the two local jurisdictions that charge an additional sales tax on top of Pennsylvania’s 6% sales tax. Philadelphia charges an…

Mid-Year 1099 Updates Source: McKonly & Asbury Businesses typically file Form 1099 to report certain payments made to individuals or other businesses to the IRS. The IRS uses these forms to help verify that recipients have accurately reported the full amount of income they received. Individuals and businesses that receive these forms should use them…

U.S. Chamber Secures Victory Against New York’s Retroactive Liability Law Source: US Chamber WASHINGTON, D.C. — The U.S. Chamber of Commerce secured a victory in a federal lawsuit that challenged the constitutionality of New York’s retroactive liability law. Neil Bradley, Executive Vice President and Chief Policy Officer at the U.S. Chamber of Commerce, issued the…