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Category Archives: Taxes
Tax Increases Could be Coming to Virginia Soon!
Recent federal tax cuts put more money into the pockets of most Virginia families to the tune of some $1200 to $1400. But a good part of that could soon be taken away by our elected officials when the General … Continue reading
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Governor Hints At Local Business Tax Reform
On Friday, after skirting the topic in a major address to a business conference in Williamsburg, Governor Ralph Northam told a reporter that “he’s planning to ask the General Assembly to tackle business tax reform,” adding it would be “comprehensive.” … Continue reading
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Confusion, Silence Will Earn Business Higher Taxes
“I’m not going to get into it unless anybody wants me to.” So said Kristin Collins, policy development director for the Virginia Department of Taxation, as she neared the end of her November 19 slide presentation on federal tax conformity … Continue reading
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Tax Conformity Alone is Not Enough
When the General Assembly meets in January 2019, it should fully conform Virginia’s tax system to the new federal Tax Cuts and Jobs Act, but it should not stop there. It should also take immediate steps to reduce the tax … Continue reading
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VA CPA's Say Conform, Hold Tax Funds for Later
The Virginia Society of Certified Public Accountants (VSCPA) Monday called on the 2019 Virginia General Assembly to conform Virginia tax with recent federal changes, to track and sequester the hundreds of millions of dollars in higher taxes thus generated and … Continue reading
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