Spring 2013 issue of Horizons

PROFESSIONAL SERVICES

During the year, he attends two medical conferences (CA and CO) in states not within his immediate area and guest lectures at four Universities (NY, MD, MA and PA) not within his immediate area. The conferences and guest lecturing may or may not give him income tax nexus in these other states and then subject the doctor to revenue sourcing rules. For someone who loves to practice medicine, we hope he also loves to keep accurate and detailed accounting records. Expanding Throughout The U.S. This is a rapidly changing area of state taxation, i.e., more states are using “market sourced apportionment” each and every year. If your professional services firm or organization is performing business in multiple states, you should discuss with your RubinBrown professional advisor if any changes need to be made in revenue apportionment to the various states in which you are conducting business.

However, as a specialist, the consulting diagnosis revenue is based upon information he receives from across the United States. Much of the diagnostic work comes from his local area which straddles three states. He actively travels within this three state area. The balance of his diagnostic practice originates in states that he may or may not actively visit.

RubinBrown’s Professional Services Group Specializing in law firms, architects, engineers and healthcare practices, we have expertise in the accounting and tax requirements needed by services firms.

Ken Rubin, CPA – Saint Louis Partner-In-Charge Professional Services Group 314.290.3417 ken.rubin@rubinbrown.com

Mary Ramm, CPA – Kansas City Partner Professional Services Group 913.499.4406 mary.ramm@rubinbrown.com

Don Esstman, CPA – Denver Partner Professional Services Group 303.952.1284 don.esstman@rubinbrown.com

Bob Neu, CPA – Saint Louis Manager Professional Services Group 314.290.3445 bob.neu@rubinbrown.com

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