The Virginia General Assembly has passed legislation to review the fiscal ramifications of changing the state’s corporate income tax to a unitary combined method of a reporting. The Virginia Department of Taxation has begun sending notices to businesses of this reporting requirement. Please do not ignore this notice if you receive one. All corporations must…Read More
The Commonwealth of Virginia passed state legislation in early 2019 in response to the Tax Cuts and Jobs Act which made significant changes to federal tax law. Eligible taxpayers may receive up to $110 for individuals and $220 for married filing joint filers. Who is an Eligible Taxpayer? To be eligible for the 2019 Tax…Read More
The forms provided in the Virginia Code for mechanic’s liens have been amended effective July 1, 2019. Virginia Code §43-5 will soon state: The memorandum and affidavit required by §43-4 shall be sufficient if substantially in form and effect as follows: Memorandum for Mechanic’s Lien Claimed by General Contractor: Name of owner Address of owner…Read More
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