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The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
In 2011, Altoona, Pennsylvania fully shifted its property tax so that it fell only on land [17] but reverted to a tax on land and improvements in 2016. The mayor cited two major reasons for the repeal: the limited impact of the change due to county and school district property taxes, and the unfamiliarity businesses and residents had with the ...
[6] [7] [8] The mission of the agency is to "serve the public by acting ethically and efficiently in our administration of Virginia’s tax laws." [ 1 ] The agency is currently led by Craig M. Burns, who has served as Tax Commissioner since November 2010 [ 9 ] [ 10 ]
Trade associations representing hundreds of companies that do business in Virginia have come out swinging against a proposal to expand the state sales tax to cover digital goods, something ...
Virginia Energy Sense is the Commonwealth of Virginia's statewide consumer education and outreach program under the guidance of the SCC to encourage electric energy efficiency and conservation in Virginia households, businesses, and institutions. Virginia Energy Sense is the statewide program that encourages energy efficiency and conservation.
Independent tax-service acquisitions continued throughout the year, with more than 3,300 offices, owned by 600 franchisees. By year's end, the company was handling over 2.2 million tax returns a year. At its peak, Jackson Hewitt was the second-largest tax preparation firm in the U.S., a position it still holds.
Virginia lawmakers passed legislation Friday that would legalize skill games, the slots-like betting machines that proliferated in businesses around the state before an on-again, off-again ban ...
In the banking industry "wholesale" usually refers to wholesale banking, providing tailored services to large customers, in contrast with retail banking, providing standardized services to large numbers of smaller customers. In real estate, wholesaling is the act of contracting to purchase real property, and assigning that contract to an investor.