Tax experts agree: adjusting to new accounting standards and the effects of the 2017 Tax Cuts and Jobs Act can make the nonprofit world more confusing – and challenging. Here are some tips to help ensure your nonprofit, one of more than 13,000 operating in Pennsylvania, maintains the strong financial backing it needs to continue its meaningful work while meeting today’s state and federal regulations.

In his budget address, Gov. Tom Wolf stated to applause, “This proposal asks for no new taxes. Not one dime. Not one penny.” Yet, as the General Assembly combs through the governor’s proposal, we find that there are, in fact, tax increases. One specific tax being proposed by the administration is a “double tax” on ambulatory surgical centers (ASCs) like the ones in my district.