Oklahoma – Panel Declares Revenue Failure as Collections Fall

A state panel led by Gov. Kevin Stitt declared a revenue failure on Monday for the fiscal year that ends June 30, and the governor warned cuts to agency budgets over the next two years will likely be unavoidable. The Continue reading Oklahoma – Panel Declares Revenue Failure as Collections Fall

Muli-State- States May Consider Back-Tax Payment Plans For Pandemic

Several states are willing to offer payment plans for back taxes to businesses that enter into voluntary disclosure agreements during the novel coronavirus pandemic, tax administrators said during a Multistate Tax Commission committee meeting Tuesday. Some state tax agencies have Continue reading Muli-State- States May Consider Back-Tax Payment Plans For Pandemic

North America– Wave of Business Closures to Hit Canada Despite Federal Response

Tens of thousands of Canadian businesses will be forced to shut down permanently because they won’t be able to weather the effects of social distancing measures, according to the head of a lobby group. The government of Prime Minister Justin Trudeau took Continue reading North America– Wave of Business Closures to Hit Canada Despite Federal Response