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Norfolk startup initiative launches
Norfolk Innovation Corridor to provide tax incentives for startups, firm expansions
Published
The Norfolk Innovation Corridor (NIC), an initiative to attract and retain startups in the region, launched on Thursday, Old Dominion University announced. Qualifying startups and company expansions can receive tax
Virginia extended individual tax filing deadline is Nov. 2
Some taxpayers are eligible to file online for free
Published
The six-month filing extension deadline for individual income taxes in Virginia is Monday, Nov. 2, Virginia Tax reminded taxpayers Wednesday. “Last year, more than 488,000 taxpayers took advantage of the
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Central Va. sales, use tax rate to increase Oct. 1
Rate will rise from 5.3% to 6%
Published
Starting Oct. 1, the sales and use tax rate in Central Virginia will go up by 0.7% to a total of 6%, Virginia Tax announced Tuesday. The change approved by
State General Fund revenue down only 0.2% in August
Sales and use tax collections saw increase
Published
Despite the pandemic, Gov. Ralph Northam announced Thursday that August General Fund revenue collections decreased only 0.2% compared to the same time last year. “Despite trying economic conditions, collections from
State tax collection revenue fell 26.2% in April
Decline is mostly due to pandemic-related tax deadline extensions
Published
State revenue from tax collections fell 26.2% in April, Gov. Ralph Northam announced Thursday. This is primarily due to tax deadline extensions for individual and corporate income taxes, which were
Federal tax filing deadline moved to July 15
Move announced in tweets by U.S. Secretary of the Treasury Steven Mnuchin
Published
Due to the COVID-19 pandemic, the federal government has moved tax filing deadlines from April 15 to July 15, U.S. Secretary of the Treasury Steven Mnuchin announced Friday in a
Virginia extends tax payment deadline to June 1
Tax returns for businesses and individuals are still due on May 1, however.
Published
Virginia is granting a one-month extension for payment of individual and corporate state income taxes by June 1, although tax returns are still due May 1, Virginia Secretary of Finance