Virginia imposes many taxes on both individuals and businesses. Below are some of the major facets of these taxes, which require an understanding before conducting any tax planning and also can raise complex questions during an audit. Contact Commonw…
Read More
Taxes imposed by Virginia localities are mostly imposed on businesses rather than individuals. These taxes are one of the biggest impediments to businesses locating in Virginia or in a specific Virginia locality. There are quite a few reasons for thi…
Read More
Just like Virginia, states have their own laws and impose their own taxes. Unfortunately, no two states are alike. Sales and Use Tax One of the most common taxes among states is the sales and use tax. Forty-six states and the District of Columbia imp…
Read More
As alluded to in a previous post, the Virginia General Assembly considered tax issues during the 2022 Special Session. Several tax provisions were included in the budget for the upcoming biennium. I have summarized these provisions here. Here are the…
You might think that this headline is meant for humor or a bit of irreverence. While that may be involved, the Supreme Court of Virginia essentially said this in City of Charlottesville v. Regulus Books, LLC, Record No. 210414 (June 9, 2022). This ca…
Even though the Virginia General Assembly is not done considering tax issues for the year, a number of bills have been enacted that make changes to the Code of Virginia in areas concerning taxes. A summary of the legislation can be found here. Most o…
