Investing in Virginia Businesses? Learn About the Tax Benefits
If you have invested in Virginia businesses over the past year or more there are different tax benefits that may be available to you. These include the Virginia Qualified Equity…
If you have invested in Virginia businesses over the past year or more there are different tax benefits that may be available to you. These include the Virginia Qualified Equity…
Federal and Virginia Tax Reminders for Businesses In preparation for year-end 2021, following are a few reminders and suggestions: Payroll Reporting 2021 The following payroll returns are due January 31,…
The state and local tax obligations of emerging businesses, those that have grown beyond the start-up phase and have either secured enough capital or are venture financed to expand their…
Overview of Virginia State and Local Tax Legislation Changes for Businesses and Executives In May, we discussed several tax provisions that were passed by the 2022 General Assembly, including the…
In recent years, the states have wrestled with out-of-state and Internet sales and how to tax them. The U.S. Supreme Court ruled in Quill Corp. v. North Dakota back in…
Update on Extended Exemption for Certain Aircraft Retail Sales and Use Tax Legislation was passed by the General Assembly and approved by the Governor that extends the effective date for…
Due Date for Business, Professional and Occupational License Tax is Approaching The due date for filing the business license applications and paying the taxes due generally is March 1 for…
Virginia Contractors Face More Sales and Use Tax Audits Sales and use tax audits are becoming more commonplace these days. Where we have seen a particular uptick in activity is…
Gov. Glenn Youngkin signed HB 971, emergency fixed-date tax conformity legislation on February 23, 2022. Key provisions of the legislation relate to COVID-19 business assistance programs and general conformity to…
Tax Filing Reminders and COVID-19 Related Tax Deadline Extensions Virginia tax deadline information updated April 12, 2021 In 2020, the IRS and the Virginia Department of Taxation extended numerous tax…
As you may have heard, there has been a push by the states to require the collection of sales tax by out-of-state retailers essentially on internet sales. However, the states…
New Jersey Launches 2018 Tax Amnesty Program Various states occasionally offer limited programs to encourage taxpayer compliance on prior years. These programs are often referred to as “Amnesty”. The New…