As a business owner, you should know how important it is to manage your taxes well. Corporate income taxes are one of the biggest taxes collected each year. In fact, corporate income taxes in 2015 comprised 11% of all taxes collected by the federal government. It’s important for businesses to lower taxable income and avoid […]
During its 2017 legislative session, the Virginia General Assembly enacted legislation authorizing the Virginia Department of Taxation (“Department”) to administer a Virginia Tax Amnesty Program. On September 5, 2017, the Department issued Ruling of Commissioner, P.D. 17-156, which sets forth the details of the amnesty program, including taxpayer eligi