Category: Bookkeeping
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New York State issues updated draft business apportionment factor rules
Furthermore, the taxpayer’s only office is located in NewYork State, and the taxpayer utilizes its employees and independentcontractors as sales persons. All solicitation activities are performedby these employees or agents at the customers’ location outside of NewYork State. Under this fact pattern, a corporation would not have anyNew York State sourced receipts because the destination…
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Guide to Understanding Accounts Receivable Days A R Days
If ARD is consistently high, you might forecast the need for short-term financing or adjust your credit policy to improve cash flow predictability. This improves your business’s liquidity and shows good management of money owed. But, a longer A/R days number might mean problems with managing credit. Did you know that companies using AR automation…