COVID-19 Business Relief: Personal Protective Equipment Sales Tax Exemption Additional legislation providing relief for Virginia taxpayers became effective on March 11, 2021. The legislation provides for a temporary sales tax…
UPDATED as of December 30, 2020 The recent allocation of $20 million to the Rebuild VA Small Business Grant fund is already exhausted as of December 30, 2020. As we…
Business, Professional and Occupational License (BPOL) Tax and Other Business Tax Due Dates For many localities in the Richmond area, local tax filings are due March 1. If a business…
Unitary Business Reporting Requirement: Details, Deadlines, and Penalties Summary As a result of Virginia General Assembly action, corporations that are members of a unitary business are required to file a…
Keiter State and Local Tax team leader, Terry Barrett, shares her insights on Virginia’s retail sales and use tax exemption for certain types of software and the importance of retaining…
By Terry Barrett, Tax Senior Manager | State and Local Tax Team Leader Manufacturers may have certain advantages when it comes to Virginia business personal property tax. The only fixed…
Leverage Virginia Tax Credits to Minimize Your Tax Due A key part of tax planning (i.e., minimizing tax due) involves taking advantage of tax credits that are available. Virginia offers…
Preparing your business for year end 2022 As year end approaches, keep the following 2022/2023 tax filing deadlines and suggestions in mind. 2022 payroll reporting The following payroll returns are…
…Ponzi scheme years before. Terrence (“Terry”) Lee Dowdell, a local to Charlottesville, VA, offered fictitious securities through his corporation called Vavasseur Corporation. The March/April 2009 edition of Disclosures includes an…
Hosted: jUNE 18, 2020 Terry Barrett and Kay Gotshall provide an update on state tax issues that have arisen due to COVID-19, including states’ responses to federal changes (due dates…
Veterinarians Receive Sales and Use Tax Exemption for Certain Purchases Governor Youngkin has signed legislation passed by the General Assembly providing a sales and use tax exemption to certain purchases…
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…