The document outlines the various tax and licensing requirements for businesses in Danville, Virginia, including obtaining a business license by March 1 each year, ensuring proper zoning and permits, collecting and remitting meals and transient occupancy taxes, and maintaining adequate financial records for potential audits. Business owners are advised to contact the Commissioner of Revenue's office with any questions about compliance.
Businesses must register for GST if their taxable turnover exceeds RM500,000, which is determined by either the total value of taxable supplies over the past 12 months (historical turnover) or the next 12 months (future turnover). The presentation on GST registration was delivered by Mr. Henry and provided information on the liability to register as well as how taxable turnover is determined.
The document summarizes direct tax proposals in the Indian Budget for 2016-2017, including:
- Threshold income limits and tax rates will largely remain the same, with some small increases to rebates and limits. Surcharge will be increased for higher income levels.
- New tax incentives are proposed for start-ups. Several deductions will be phased out over time, with lower percentages allowed until full removal.
- Changes also include increased TDS thresholds, taxation of dividends over Rs. 10 lakhs, and introduction of presumptive taxation schemes for professionals and businesses with income under Rs. 50-100 lakhs.
The document summarizes key amendments made by the Finance Bill 2016 related to income tax and equalization levy. Some of the major changes include:
1. Introduction of a 6% equalization levy on specified online advertisement services received by non-residents from Indian residents without a permanent establishment in India.
2. Allowing a deduction of up to 40% of the total amount received from National Pension System (NPS), moving from a fully taxable model to a partially taxable "EET" model.
3. Reducing the deduction limit for specified businesses under Section 10AA to assessments made up to April 1, 2020.
4. Allowing non-banking financial companies
Registration process for Excise vat and service taxChidurala Kapil
This document discusses registration requirements and processes for VAT, excise, and service tax in India. It covers:
- Types of registrations required under each (dealer, manufacturer, centralized, etc.)
- When registration is mandatory, such as when taxable turnover exceeds certain thresholds.
- How to register online by filling out the applicable forms and providing required documents like PAN, address proof, etc.
- Details needed in registration forms, including lists of goods/services traded and taken as inputs.
- Options for registration of branches and roles of auditors in verifying registration details.
- Accounting treatment of registration expenses.
The document provides an overview of Indian tax registration
Composition Scheme under the Goods and service tax ACTYogesh Nain
Background of Composition Scheme under the GST
Definition under the GST
Eligibility under the GST
Rates of Composition Scheme Dealer
How to Make a Registration and how to file the returns.
Important Definitions
Practical’s Solutions how to file the Composition Scheme Returns
Presentation provides an overview of India’s GST registration process.
To learn more about how Avalara can help you with GST
automation, contact us through https://www.avalara.com/in/products/gst-calculation/
This document is a request form for tax forms from the West Virginia State Tax Department. It lists various state tax forms and packets that can be ordered, and provides instructions for ordering forms. Small orders will be shipped free, while bulk orders over 1 pound will be shipped COD via UPS and include a $7 handling fee. The department reserves the right to limit large orders and cannot ship bulk orders to PO boxes.
Businesses must register for GST if their taxable turnover exceeds RM500,000, which is determined by either the total value of taxable supplies over the past 12 months (historical turnover) or the next 12 months (future turnover). The presentation on GST registration was delivered by Mr. Henry and provided information on the liability to register as well as how taxable turnover is determined.
The document summarizes direct tax proposals in the Indian Budget for 2016-2017, including:
- Threshold income limits and tax rates will largely remain the same, with some small increases to rebates and limits. Surcharge will be increased for higher income levels.
- New tax incentives are proposed for start-ups. Several deductions will be phased out over time, with lower percentages allowed until full removal.
- Changes also include increased TDS thresholds, taxation of dividends over Rs. 10 lakhs, and introduction of presumptive taxation schemes for professionals and businesses with income under Rs. 50-100 lakhs.
The document summarizes key amendments made by the Finance Bill 2016 related to income tax and equalization levy. Some of the major changes include:
1. Introduction of a 6% equalization levy on specified online advertisement services received by non-residents from Indian residents without a permanent establishment in India.
2. Allowing a deduction of up to 40% of the total amount received from National Pension System (NPS), moving from a fully taxable model to a partially taxable "EET" model.
3. Reducing the deduction limit for specified businesses under Section 10AA to assessments made up to April 1, 2020.
4. Allowing non-banking financial companies
Registration process for Excise vat and service taxChidurala Kapil
This document discusses registration requirements and processes for VAT, excise, and service tax in India. It covers:
- Types of registrations required under each (dealer, manufacturer, centralized, etc.)
- When registration is mandatory, such as when taxable turnover exceeds certain thresholds.
- How to register online by filling out the applicable forms and providing required documents like PAN, address proof, etc.
- Details needed in registration forms, including lists of goods/services traded and taken as inputs.
- Options for registration of branches and roles of auditors in verifying registration details.
- Accounting treatment of registration expenses.
The document provides an overview of Indian tax registration
Composition Scheme under the Goods and service tax ACTYogesh Nain
Background of Composition Scheme under the GST
Definition under the GST
Eligibility under the GST
Rates of Composition Scheme Dealer
How to Make a Registration and how to file the returns.
Important Definitions
Practical’s Solutions how to file the Composition Scheme Returns
Presentation provides an overview of India’s GST registration process.
To learn more about how Avalara can help you with GST
automation, contact us through https://www.avalara.com/in/products/gst-calculation/
This document is a request form for tax forms from the West Virginia State Tax Department. It lists various state tax forms and packets that can be ordered, and provides instructions for ordering forms. Small orders will be shipped free, while bulk orders over 1 pound will be shipped COD via UPS and include a $7 handling fee. The department reserves the right to limit large orders and cannot ship bulk orders to PO boxes.
Central Excise registration is required for manufacturers and first or second stage dealers under Rule 9 of the Central Excise Rules 2002. Registration is required for each separate premises and a new registration is required if the business is transferred. The registration certificate must be granted within 7 days and any changes to a partnership or company must be reported within 30 days. Registration can be revoked if excise laws are breached. Documents required for registration include PAN, company documents, VAT registration, and bank details. Failure to register can result in penalties up to the duty owed or Rs. 10,000, and goods can be confiscated.
The document discusses the process of registration under the GST Act. It covers key aspects like liability to pay GST, aggregate turnover thresholds, voluntary registration, categories required to register or exempted from registration. It also summarizes the different sections related to registration including applying for fresh registration, amendments, cancellation, revocation of cancellation and migration of existing registrations. Registration provides a Unique Identification Number and involves submitting required documents online or physically through the common GST portal.
OBJECTIVE
Under GST, the supplier of goods or services is liable to pay the tax to the Government. However, under the reverse charge mechanism (RCM), the liability to pay GST is cast on the recipient of the goods or services. Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In this webinar, we shall understand the applicability and provisions of RCM under GST.
Power Up Your Business: Internal Revenue Service Lady Bizness
Power Up Your Business is a Workshop created by Lady Bizness to expose business onwers and entrepreneurs to the experts in the state that provide up to date information to help your business be more successful.
You're in business, now what? You need resources to help your business grow. You want to make sure you cross all the T's and dot all the I's. You need help with taxes, formation, mentoring and marketing? Let us help you "Power Up Your Business".
Registration & Networking from 5:30 - 6pm
You will hear from the following organizations:
IRS: Federal Tax Law Compliance Tips | IRS.gov Resources | Business ID Theft | Employment Tax Issues
BLNC: Registering Your Business | Getting the Correct Licenses and Permits | Registering with Tax Organization | Learning about Compliance Issues for Your Specific Business
NCDOR: The basics of NC tax law compliance | Registering your Business | Employee Withholding | Sales and Use Tax Requirements | Programs for Businesses that have fallen behind
This document provides an overview of various transitional provisions under GST law. It discusses provisions related to carrying forward of CENVAT/VAT credits, input tax credit for inputs/capital goods held in stock, deemed credit for stocks, job work, and miscellaneous provisions. Key highlights include:
1) Registered persons can carry forward CENVAT credit from previous returns and avail input tax credit for inputs/capital goods in stock as on June 30, 2017.
2) Deemed credit at 60% for goods taxable at 18% or more rate and 40% for goods taxable at sub-18% rate is available for stocks held on July 1, 2017.
3) No tax will
Find out the detailed explanation of the provisions related to registration under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
Tax group is a group of two or more Persons registered with the Authority for Tax purposes as a single taxable person in accordance with the provisions of this Decree-Law.
P.V. Hariharan & Co. is a chartered accountancy firm located in Kalyan, India established in 1986 by proprietor P.V. Hariharan. The firm specializes in income tax, auditing, and accounting services and has been practicing for over 30 years. It currently employs 2 staff members and has 4 article assistants, and the proprietor is looking to expand the firm through potential partnerships for new opportunities such as concurrent audits, stock audits, and international assignments.
The Vendor Application Form is specially designed and developed by industrial experts to help the new vendors in registering to your entity. The template is nothing but a detailed vendor registration form that can help you trace down each and every detail about the particular vendor. The Vendor Application & Agreement Template can of great help while planning for a food fair, exhibition, farmer's market, press conference or arts festival. You may get these templates printed and hand them over to your potential vendors for capturing correct details about their service array, past industrial experience, client base, and others.
View more professional Vendor Application Form at http://www.formsbirds.com/vendor-registration-form
The document provides an overview of service tax procedures in India, including:
1. Registration procedures which require submitting an application within 30 days along with documents like PAN card and address proof.
2. A certificate of registration will be provided within 7 days and is non-transferable.
3. Payment of the 10% service tax plus education cess is due monthly or quarterly depending on company status, through challans submitted to the bank.
4. Returns must be filed half-yearly listing taxable services and payments made.
1. The document discusses the rules around input tax credit (ITC) under the CGST Act. ITC is a credit for taxes paid on inputs and can be claimed by registered taxpayers.
2. To claim ITC, the input must be used for business purposes. Certain items like motor vehicles and membership fees do not qualify for ITC. ITC must be claimed within a certain timeframe.
3. The document outlines conditions for claiming ITC such as possessing valid documents and ensuring tax has been paid. ITC of CGST, SGST, IGST, and UTGST can only be utilized in a certain manner.
The document summarizes the key provisions around registration under the GST Act as per Chapter VI and the GST Registration Rules. It provides an overview of the relevant sections and rules related to registration, amendments, cancellations, revocations and migration procedures. The summary highlights the main steps in the application and verification process for registration, including submitting applications online, verification by officials, issuance of certificates, and timelines for approvals or deficiencies.
The document discusses the Income Declaration Scheme, 2016 introduced by the Government of India to allow voluntary declaration of previously undisclosed income. It provides an overview of key aspects of the scheme such as eligible income, tax rates, declaration process, benefits of declaring under the scheme versus non-disclosure, critical dates and FAQs. Key benefits include immunity from prosecution, penalty and reopening of past assessments for declared income. Undisclosed income must be for periods prior to FY 2016-17 and total tax, surcharge and penalty is 45% of undisclosed income.
Finance Act 2016 Amendments in Income Tax Laws - A Y 2017-18CA Janardhana Gouda
Finance Act 2016 Amendments in Income Tax Laws applicable for Assessment year 2017-18 on wards. Major Amendments for Individuals, Companies and Changes in TDS and TCS Provisions etc
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
VAT in UAE - Compilation of FTP with Executive Regulations and Fee & Fines Manoj Agarwal
UAE has released Federal Tax Procedures and its Executive Regulations to be followed for VAT and other Tax Laws. UAE cabinet has also approved Federal Tax Authority's Service Fee and Administrative Fines for VAT and other Tax Law.
This eBook is a compilation of Tax Procedures with Executive Regulations and Fee and Fine for VAT and other tax laws in UAE.
The Server is responsible for courteously and professionally serving residents and guests meals in the dining rooms of the Brandermill Woods Retirement Community. Duties include maintaining a neat work area, informing supervisors of food needs or resident questions, and setting up and breaking down special functions. Servers must be able to communicate positively with customers and uphold the philosophy of caring for the elderly residents.
Central Excise registration is required for manufacturers and first or second stage dealers under Rule 9 of the Central Excise Rules 2002. Registration is required for each separate premises and a new registration is required if the business is transferred. The registration certificate must be granted within 7 days and any changes to a partnership or company must be reported within 30 days. Registration can be revoked if excise laws are breached. Documents required for registration include PAN, company documents, VAT registration, and bank details. Failure to register can result in penalties up to the duty owed or Rs. 10,000, and goods can be confiscated.
The document discusses the process of registration under the GST Act. It covers key aspects like liability to pay GST, aggregate turnover thresholds, voluntary registration, categories required to register or exempted from registration. It also summarizes the different sections related to registration including applying for fresh registration, amendments, cancellation, revocation of cancellation and migration of existing registrations. Registration provides a Unique Identification Number and involves submitting required documents online or physically through the common GST portal.
OBJECTIVE
Under GST, the supplier of goods or services is liable to pay the tax to the Government. However, under the reverse charge mechanism (RCM), the liability to pay GST is cast on the recipient of the goods or services. Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In this webinar, we shall understand the applicability and provisions of RCM under GST.
Power Up Your Business: Internal Revenue Service Lady Bizness
Power Up Your Business is a Workshop created by Lady Bizness to expose business onwers and entrepreneurs to the experts in the state that provide up to date information to help your business be more successful.
You're in business, now what? You need resources to help your business grow. You want to make sure you cross all the T's and dot all the I's. You need help with taxes, formation, mentoring and marketing? Let us help you "Power Up Your Business".
Registration & Networking from 5:30 - 6pm
You will hear from the following organizations:
IRS: Federal Tax Law Compliance Tips | IRS.gov Resources | Business ID Theft | Employment Tax Issues
BLNC: Registering Your Business | Getting the Correct Licenses and Permits | Registering with Tax Organization | Learning about Compliance Issues for Your Specific Business
NCDOR: The basics of NC tax law compliance | Registering your Business | Employee Withholding | Sales and Use Tax Requirements | Programs for Businesses that have fallen behind
This document provides an overview of various transitional provisions under GST law. It discusses provisions related to carrying forward of CENVAT/VAT credits, input tax credit for inputs/capital goods held in stock, deemed credit for stocks, job work, and miscellaneous provisions. Key highlights include:
1) Registered persons can carry forward CENVAT credit from previous returns and avail input tax credit for inputs/capital goods in stock as on June 30, 2017.
2) Deemed credit at 60% for goods taxable at 18% or more rate and 40% for goods taxable at sub-18% rate is available for stocks held on July 1, 2017.
3) No tax will
Find out the detailed explanation of the provisions related to registration under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
Tax group is a group of two or more Persons registered with the Authority for Tax purposes as a single taxable person in accordance with the provisions of this Decree-Law.
P.V. Hariharan & Co. is a chartered accountancy firm located in Kalyan, India established in 1986 by proprietor P.V. Hariharan. The firm specializes in income tax, auditing, and accounting services and has been practicing for over 30 years. It currently employs 2 staff members and has 4 article assistants, and the proprietor is looking to expand the firm through potential partnerships for new opportunities such as concurrent audits, stock audits, and international assignments.
The Vendor Application Form is specially designed and developed by industrial experts to help the new vendors in registering to your entity. The template is nothing but a detailed vendor registration form that can help you trace down each and every detail about the particular vendor. The Vendor Application & Agreement Template can of great help while planning for a food fair, exhibition, farmer's market, press conference or arts festival. You may get these templates printed and hand them over to your potential vendors for capturing correct details about their service array, past industrial experience, client base, and others.
View more professional Vendor Application Form at http://www.formsbirds.com/vendor-registration-form
The document provides an overview of service tax procedures in India, including:
1. Registration procedures which require submitting an application within 30 days along with documents like PAN card and address proof.
2. A certificate of registration will be provided within 7 days and is non-transferable.
3. Payment of the 10% service tax plus education cess is due monthly or quarterly depending on company status, through challans submitted to the bank.
4. Returns must be filed half-yearly listing taxable services and payments made.
1. The document discusses the rules around input tax credit (ITC) under the CGST Act. ITC is a credit for taxes paid on inputs and can be claimed by registered taxpayers.
2. To claim ITC, the input must be used for business purposes. Certain items like motor vehicles and membership fees do not qualify for ITC. ITC must be claimed within a certain timeframe.
3. The document outlines conditions for claiming ITC such as possessing valid documents and ensuring tax has been paid. ITC of CGST, SGST, IGST, and UTGST can only be utilized in a certain manner.
The document summarizes the key provisions around registration under the GST Act as per Chapter VI and the GST Registration Rules. It provides an overview of the relevant sections and rules related to registration, amendments, cancellations, revocations and migration procedures. The summary highlights the main steps in the application and verification process for registration, including submitting applications online, verification by officials, issuance of certificates, and timelines for approvals or deficiencies.
The document discusses the Income Declaration Scheme, 2016 introduced by the Government of India to allow voluntary declaration of previously undisclosed income. It provides an overview of key aspects of the scheme such as eligible income, tax rates, declaration process, benefits of declaring under the scheme versus non-disclosure, critical dates and FAQs. Key benefits include immunity from prosecution, penalty and reopening of past assessments for declared income. Undisclosed income must be for periods prior to FY 2016-17 and total tax, surcharge and penalty is 45% of undisclosed income.
Finance Act 2016 Amendments in Income Tax Laws - A Y 2017-18CA Janardhana Gouda
Finance Act 2016 Amendments in Income Tax Laws applicable for Assessment year 2017-18 on wards. Major Amendments for Individuals, Companies and Changes in TDS and TCS Provisions etc
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
VAT in UAE - Compilation of FTP with Executive Regulations and Fee & Fines Manoj Agarwal
UAE has released Federal Tax Procedures and its Executive Regulations to be followed for VAT and other Tax Laws. UAE cabinet has also approved Federal Tax Authority's Service Fee and Administrative Fines for VAT and other Tax Law.
This eBook is a compilation of Tax Procedures with Executive Regulations and Fee and Fine for VAT and other tax laws in UAE.
The Server is responsible for courteously and professionally serving residents and guests meals in the dining rooms of the Brandermill Woods Retirement Community. Duties include maintaining a neat work area, informing supervisors of food needs or resident questions, and setting up and breaking down special functions. Servers must be able to communicate positively with customers and uphold the philosophy of caring for the elderly residents.
En que consiste el desarrollo sustentableMiguel Garcia
Este documento trata sobre varios temas relacionados con el medio ambiente y el cambio climático. Explica el concepto de desarrollo sustentable y cómo satisfacer las necesidades de la generación actual sin comprometer las generaciones futuras. También describe el Protocolo de Kioto, un acuerdo internacional para reducir las emisiones de gases de efecto invernadero. Finalmente, presenta información sobre la Carta de la Tierra, una declaración internacional sobre la protección del medio ambiente y los derechos humanos.
La Carta de la Tierra es una declaración de principios éticos para construir una sociedad global justa, sostenible y pacífica en el siglo XXI. Propone 16 principios generales como respetar la vida, proteger la integridad ecológica, lograr justicia social y económica, y promover la democracia y la paz. Busca inspirar una nueva sensación de interdependencia global y responsabilidad compartida por el bienestar de la humanidad y la vida en la Tierra.
Este documento proporciona un glosario de términos judiciales en inglés y español. Incluye traducciones de palabras como "abogado", "acusado", "audiencia", "declarar culpable", y "sentencia" entre otros términos legales comunes.
This document provides information about taxes in Fairfax County, Virginia for the 2018-2019 fiscal year. It outlines tax deadlines for personal property, real estate, business, and other taxes. It describes ways to pay taxes online, by phone, mail, or in person. It provides details about personal property tax on vehicles, real estate tax rates, vehicle registration fees, and tax relief for qualifying residents.
The document provides information about taxes in Fairfax County, Virginia for the 2014-2015 fiscal year, including:
1) Key tax deadlines such as May 1 for reporting personal property taxes and July 28 for the first real estate tax installment.
2) Ways to pay taxes including online, by phone, or in-person at various banks and stores.
3) An overview of the major taxes including personal property, real estate, business, and other taxes.
4) Details on tax relief for seniors, disabled veterans, and active duty military members.
The document provides general tax information for Fairfax County, Virginia for the period of July 1, 2019 to June 30, 2020. It outlines various tax deadlines, payment options, and types of taxes including personal property tax, vehicle registration, real estate tax, and business taxes. It also discusses tax relief programs, assessments, and portals for paying taxes online.
This document provides an overview and summary of tax compliance considerations for cannabis businesses, known as cannabusinesses. It covers several key topics:
1. Payroll compliance including the employee vs. contractor distinction and federal, state and local payroll taxes.
2. Income and sales tax compliance including collecting and paying sales tax, and income tax considerations for different business structures.
3. Apportionment considerations for businesses operating in multiple cities.
4. 280E tax code considerations, specifically the disallowance of deductions beyond cost of goods sold for cannabis businesses.
The document provides high-level information on each of these tax compliance areas for cannabusinesses.
This document provides information about taxes in Fairfax County, Virginia for the period of July 1, 2016 to June 30, 2017. It outlines various tax deadlines and ways to pay different types of taxes, including personal property tax on vehicles, real estate tax, and business license taxes. It also describes options for tax relief for seniors, disabled individuals, veterans, and military families. The document provides contact information for additional questions about Fairfax County taxes.
This document provides information about various taxes for Fairfax County residents, including deadlines, payment options, and tax rates. Key taxes discussed include personal property tax on vehicles, real estate tax, and business license taxes. It also outlines various forms of tax relief available and penalties for late or unpaid taxes. The document concludes with high-level charts about revenues and expenditures for the FY 2018 county budget.
This document provides information about taxes in Fairfax County, Virginia for fiscal year 2017, including tax deadlines, payment options, types of taxes, tax relief programs, and penalties. It outlines taxes on personal property, vehicles, real estate, businesses, utilities, sales, cigarettes, hotels, deeds, and dogs. The budget section indicates that charts are available showing sources and uses of funds from the general fund budget.
This document provides a summary of tax information for Fairfax County, Virginia for the period of July 1, 2020 to June 30, 2021. It outlines various county tax deadlines, payment methods, taxes on personal property, vehicles, real estate, businesses, utilities, sales, and other areas. It also summarizes options for tax relief, penalties for late payments, and how tax revenue is used to fund county operations and services through the annual budget.
2013 Tax Facts: General Information about Fairfax County TaxesFairfax County
This document provides information about taxes in Fairfax County, Virginia for fiscal year 2013. It outlines deadlines and ways to pay various taxes, including personal property, real estate, business, and utility taxes. It also describes tax relief programs, penalties for late payments, and includes high-level summaries of the county's general fund budget sources and uses.
The document provides information about registering a business in Ohio, including choosing a business organization type, registering with the state, obtaining necessary licenses and permits from the IRS, county and city. It describes the main business organization types - sole proprietorship, partnership, corporation, S-corporation and LLC. It also provides details about taxes at the state and federal level that businesses must pay, including income, sales, unemployment and workers compensation.
The document provides information about taxes in Fairfax County, Virginia for the period of July 1, 2021 to June 30, 2022. It outlines various tax deadlines, payment methods, tax rates and exemptions. Key points include deadlines for personal property, real estate, business license taxes and dog licenses. It also describes online payment portal MyFairfax, and taxes on personal property, vehicles, real estate, businesses and other areas. Relief options are listed for seniors, disabled veterans and surviving families of armed forces and first responders.
Roanoke Taxes in Business Workshop Resource Presentation, August 4, 2010Sandy Ratliff
The City of Roanoke will co-sponsor the event "Taxes in Business Workshop: Learn the What, When and Why." The workshop was targeted to business owners to help participants understand local and state tax responsibilities. Presenters outlined various business tax requirements and their purpose, the impact of delinquent taxes on a business, and basic business principals to help manage a business more efficiently. Participants also had a chance to meet one-on-one with tax and business advisers. Sandy Ratliff with the Virginia Department of Business Assistance outlined the resources available to small business owners within Virginia.
Puerto Rico: Value Added Tax - Impact on the Manufacturing IndustryAlex Baulf
This document summarizes the impact of Puerto Rico's upcoming value added tax (VAT) on manufacturing businesses. It provides details on exemptions and credits available to manufacturers under the new VAT system. Specifically, it notes that manufacturing plants will be able to import or acquire raw materials for manufacturing free of VAT. It also explains that manufacturers can claim a credit for VAT paid on taxable goods and services purchased, and only need to deposit the net VAT amount after credits with the Puerto Rico Treasury Department. This ensures manufacturers are not double-taxed on the value added at each stage of production.
Puerto Rico: How the proposed Value Added Tax will impact the Renewable (Gree...Alex Baulf
Act 72 which amends the Internal Revenue Code for a New Puerto Rico introduces a value added tax system in Puerto Rico that will replace the Sales and Use tax system (“SUT”)
effective April 1, 2016, for state tax purposes.
The SUT will continue to be in place for municipal tax purposes after April 1, 2016.
This guidance from Kevane Grant Thornton LLP specifically relates to the renewable green energy industry.
This document summarizes key tax information for Fairfax County, Virginia, including deadlines, payment options, and details on real estate, personal property, business, and other taxes. Some key points are:
- Real estate tax payments are due in two installments on July 28 and December 5. Personal property taxes are due by October 5.
- Taxes can be paid online, by phone, or in person at participating banks and stores. Lower income residents and disabled veterans may qualify for tax relief.
- Personal property tax applies to vehicles normally kept in the county. Rates are based on value from the NADA guide. Real estate tax is based on 100% of January 1 fair market value.
Puerto Rico: Value Added Tax - Impact on Wholesale and Retail IndustriesAlex Baulf
Act 72 which amends the Internal Revenue Code for a New Puerto Rico introduces a value added tax system in Puerto Rico that will replace the Sales and Use tax system (“SUT”) effective April 1, 2016, for state tax purposes. The SUT will continue to be in place for municipal tax purposes after
March3 1, 2016.
This guidance from Kevane Grant Thornton LLP specifically relates to the wholesale and retail industries.
This document provides information about taxes in Fairfax County, Virginia for the 2015-2016 fiscal year, including tax rates, payment deadlines, and types of taxes. It outlines taxes on personal property, vehicles, real estate, businesses, utilities, sales, and other areas. It also discusses tax relief programs, penalties, and shows pie charts about revenues and expenditures in the county budget.
Puerto Rico: Value Added Tax - Impact on the Hotel and Tourism IndustriesAlex Baulf
Act 72 which amends the Internal Revenue Code for a New Puerto Rico introduces a value added tax system in Puerto Rico that will replace the Sales and Use tax system (“SUT”)effective April 1, 2016, for state tax purposes. The SUT will continue to be in place for municipal tax purposes after March 31, 2016.
This guidance from Kevane Grant Thornton LLP specifically relates to the impact on the hotel and tourism industries.
The ABC's of Financing provides consulting services to help non-profit and for-profit businesses with fundraising campaigns. Their services include writing documents to support fundraisers such as letters, proposals, and solicitation letters. They also provide education and consultation to help organizations transform into viable non-profits that can generate sustainable revenue over time. Their goal is to help customers fulfill their missions and achieve financial success through establishing community support and effective fundraising.
This document summarizes information from Samuel L. Hodges, a CPA with over 20 years of experience providing state and local tax advice. It discusses topics related to the Michigan Business Tax including nexus, apportionment, credits, and definitions. Base case examples are provided to illustrate tax calculations under different scenarios.
Similar to Business Matters Presentation June 2015 (20)
3. If you are receiving
monetary compensation
for products sold or
services rendered, you
need a Danville City
Business License.
This License is renewed
yearly. Due March 1st.
Failure to renew can
lead to an appearance in
court!
4. All City of Danville Business Licenses (with the exception of taxi services and
junkyards) are based on the calendar year (Jan-Dec).
We do not pro rate the license fee.
5. All businesses located in the City of Danville must have zoning approval for the
business location from the Planning Division, located at 427 Patton Street, room 207
434-799-5261.
All businesses (except for corporations that are registered with the State of Virginia)
must register the business name with the City of Danville at the Clerk of Court's
Office, located in the James F. Ingram Justice Center, 401 Patton Street, room 222B 434-
799-5168.
All businesses dealing with food must have a health permit. Restaurants and all other
businesses serving prepared food need to contact the local Virginia State Health
Department 434-799-5190. Grocery & convenience stores not serving prepared food
should contact Virginia Department of Agriculture
All businesses dealing with alcoholic beverages must have an ABC permit from
the ABC Board 800-552-3200.
All businesses selling retail must register with the Virginia Department of
Taxation 804-367-8037.
All contracting businesses with individual job costs of $1,001 or more must also have a
Virginia State Contractors License and be bonded for $5,000 (Class A State License
does not need the $5,000 bond). A Virginia State Contractors License can be obtained
from the Department of Professional and Occupational Regulation 804-367-8511.
6. Incorporated businesses require proof of State Corporation from
the State Corporation Commission.
Operating a day care center for children (5 or more) you will need
to contact Vicki Stauffer, Roanoke Social Services Office (540) 857-
7946.
Operating an adult home (4 or more) you will need to contact
Chris Austin, Roanoke Social Services Office (540) 857-7868
Owners of barbershops and beauty salons must have a shop or
salon license, which can be obtained from the Department of
Cosmetology (804) 367-8509. ALL stylists must have their state
license with them when applying for their city business license.
7. Bryan Gibson, Business License Inspector
James Gillie, Commissioner of Revenue
Located in:
Charles Harris Financial Building
311 Memorial Drive, 2nd Floor
8.
9. What is business personal property tax?
Business personal property tax is a tax on the furniture,
fixtures, machinery, and tools used in a business, trade, or
profession. The Code of Virginia (§58.1-3503) states that
all tangible business personal property is taxable for the
physical life of the property regardless of age (1 day or
1,000 years old). Taxable assets include items that have
been received free of charge, as a gift, or personal items
that have been brought from home to use in the business.
Taxable property also includes items that have been
partially or fully depreciated for income tax purposes.
This tax is assessed annually and is based on all assets
owned, or in the possession of, the business on January 1.
10. DUE MARCH 1
All assessments are by
percentage of original
cost.
City of Danville tax rate
is $3.00 per $100.00.
This includes furniture,
fixtures, computers,
peripheral, and
equipment.
11.
12. DUE MARCH 1
City of Danville tax rate for
machinery and tools is $1.50
per $100.00.
This return should include
only machinery and tools
used in manufacturing,
mining, processing or
reprocessing, radio or
television broadcasting,
dairy, dry cleaning or
laundry business.
DO NOT INCLUDE OFFICE
EQUIPMENT, FURNITURE,
OR FIXTURES.
13.
14. What is considered a “meal” that is
subject to the Meals Tax?
A meal is any prepared food or
drink offered or held out for sale
by a food establishment for the
purpose of being consumed by any
person to satisfy the appetite and
that is ready for immediate
consumption.
Does the meal, or prepared food,
have to be consumed on the
premises of the business where it is
purchased to be taxable?
No. The meal, or prepared food, is
subject to the Meals Tax whether it
is intended to be consumed on the
seller’s premises or elsewhere and
without regard to the manner, time
or place of service.
15. The meals tax for the City of Danville is 6% of the
cost of meals and/or drinks (including alcohol).
This tax is due and payable by the customer at the
time such items are purchased.
It is the duty of the proprietor of the establishment
to keep accurate records of all meals tax monies
collected. The proprietor must deliver these
monies along with a meals tax return to the
Commissioner of the Revenue on/or before the
last day of the calendar month following the
month for which taxes were collected.
Records must be maintained for 5 years.
16. When said taxes are
reported and paid by the
due date, the proprietor
may deduct 3% of the tax
amount due.
If said taxes are not
received in a timely
manner, they are
considered past due, and
the 3% discount does not
apply and a 10% penalty
for late filing is added to
taxes due.
Lisa W. Ford
Meals Tax Inspector
17.
18. Transient: a person who is staying or working
in a place for only a short time.
According to the Danville City Code, Article
VI, sec 37-97., hereby levied and imposed upon
each transient, in addition to any and all other
taxes and fees of every kind imposed by law, a
tax equivalent to six (6) percent of the total
amount paid by or for such transient for the
rental of any room in any hotel.
19. Those collecting
transient tax shall make
out a monthly report
(pictured) and deliver to
the City Collector with a
remittance of tax due.
Due before or on the
20th day following the
close of each month
covering the amount of
tax collected during the
preceding month.
20.
21. A person is engaged in the short-term rental
business if not less than eighty percent of the
gross rental receipts of such business in any
year are from transactions involving rental
periods of ninety-two consecutive days or less,
including all extensions and renewals to the
same person or a person affiliated with the
lesser
22. Every person, individual,
partnership, or
corporation engaged in
the short-term rental
business must file an
application with the
Commissioner of the
Revenue for a certificate of
registration.
If your business qualifies
as a short-term rental
business, you will be
issued a certificate and
your license tax and
personal property will be
reclassified.
23. Every person engaged
in the short-term rental
business shall collect a
1% daily rental property
tax from the lessee of
the daily rental
property at the time of
the rental.
This tax shall be in
addition to all other
taxes levied pursuant to
section 58.1-605 of the
Code of Virginia.
24.
25. Businesses in the City
of Danville are
responsible for
following set
guidelines for taxes
and reporting.
Our office randomly
selects businesses
throughout the City
for compliance review
audits.
26. The purpose of our review
is to ensure a business is
operating within the
guidelines set by the City
Code and the State of
Virginia.
We are here to help
businesses comply with
the City and State’s
regulations for business
reporting.
Our goal in this office is to
help your business
succeed!!
27. Sales Records
Documentation for Sales and Purchases
Adequate Records (cash register summaries, computer
summaries, tax records, bank statements)
Business Property Records (purchase receipts,
depreciation schedules, lease agreements, disposal
records)
Financial Statements
Physical Review of Establishment (equipment, records,
business operations)
Note: Maintain all records for at least 5 years.
28. Physical Address
311 Memorial Drive
Danville, VA 24541
Mailing Address
P.O. Box 480
Danville, VA 24543
Website: http://www.danville-va.gov/524/Commissioner-of-Revenue
Phone: 434-799-5145
Fax: 434-799-5148
Hours
Monday - Friday
8:30 am - 5 pm