The financial landscape is looking worse than lawmakers expected, sending states to ferret out every opportunity to expand, demand, and open new and broader tax pipelines. No business will be spared.
From more OICs and higher state taxes, to managing NOLs and the long-term ramifications of the PPP, experts advice predictions for practitioners.
As state finances across America are upended by the coronavirus, almost all of them face the same, self-imposed, problem: how to balance their budgets.
Business operations need cash influxes now more than ever.
State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.
The CPA’s first line of defense is to protect e-tailers and brick-and-mortar shops.
With states and cities facing the worst fiscal crisis in decades, a little-noticed provision in New York’s tax law could put amicable relations with neighboring states to the test.
The Treasury Department has created a web-based portal through which state, local and tribal governments will be able to access payments to help offset the costs of the novel coronavirus pandemic.
The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.
The Department of Finance told department heads it will be re-evaluating budget requests under a workload budget scenario.