Tag Archives: Virginia

Is Your Business Paying too Much in Virginia BPOL Taxes?

If your Virginia business is required file income tax returns in multiple states, you may be paying too much in BPOL taxes. Virginia localities are authorized to impose a Business, Professional and Occupational License (BPOL) tax for the privilege of doing business in the locality. The tax is also known as a “business privilege tax” […]

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Maryland’s Up Next for Amazon.com Sales Tax Collection

Marylanders should make their online purchases now, as Amazon.com will soon begin collecting sales tax on internet sales made to Maryland customers.  For the last few years, the number of states where the retail giant collects sales tax has skyrocketed, mainly due to the company’s expansion of fulfillment centers across the country.  Maryland will join […]

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Virginia Research & Development Credit Gets a Boost

Virginia lawmakers have approved legislation that enhances the Commonwealth’s research and development income tax credit.  The legislation, which makes a number of changes to the R&D credit, takes effect for tax years beginning on or after January 1, 2014.  Virginia is among a number of states, including Alabama, Arizona, Illinois, and Pennsylvania, which have considered […]

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Cloudy with a Chance of Sales Tax in the DC Metro Area

The taxation of cloud computing services is an evolving area of sales and use tax.  Cloud computing, which includes a wide variety of service offerings, generally allows businesses the potential to reduce IT costs by outsourcing hardware and software maintenance and support.  Still, remote access to software, or “software as a service” (SaaS), is only […]

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Virginia to Require Electronic Filings and Payments

Effective January 1, 2013, corporations subject to Virginia corporate income tax are required to file and pay taxes electronically for their estimated tax payments as well as their annual income tax returns. Further, all Virginia sales and use tax returns and payments must be filed electronically beginning with the July 2012 return, which is due […]

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