A return must be filed, with the Commissioner of the Revenue, that itemizes personal property and/or equipment employed in the business, giving the date of acquisition and original acquisition costs. The City of Staunton levies a tax on tangible personal property employed in a trade or business (furniture, fixtures, machinery, and tools). The license is renewable each year on or before March 1. To avoid penalties and interest, you are required to file an application within 30 days of when you begin to conduct business. Most license taxes are levied upon the gross receipts and the rate varies with the type of business you intend to engage in. The Commissioner of the Revenue assesses the Business, Professional, and Occupational License. Those entities collecting such tax shall register with the Commissioner of the Revenue and file the proper returns. Local TaxesĮvery restaurant, caterer, operator of convenience store(s) or grocery delicatessen(s), being individual, partner- ship, corporation, etc., engaged in the business of selling meals is required to register with the Commissioner of Revenue, collect the tax and file the appropriate returns.Įvery hotel, motel, bed & breakfast, or other lodging place that, for compensation, furnishes lodging to any transients shall levy on each and every transient, the appropriate tax. Dealers are required to collect the retail sales tax, make regular deposits, and file the appropriate reports. 23282 to obtain a Certificate of Registration. engaging in business as a retail dealer in Virginia is required to register with the Department of Taxation, P O Box 6-L Richmond, VA. Retail Sales TaxĮvery individual, partnership, corporation, etc. Returns and instructions are available in the Commissioner of Revenue Office.įor state income and sales tax information, please visit State taxes are due May 1. The Commissioner of the Revenue provides assistance to City of Staunton taxpayers in filing individual State income tax returns. The State income tax is based on the Federal in- come tax return. Internal Revenue Service Publication 334, Tax Guide for Small Business, dis- cusses all of the above taxes in more detail. You must also file individual (for the sole proprietor, Schedule C), partnership and corporate income taxes with the IRS. Individual, Partnership & Corporate Income Tax You can make quarterly deposits to any authorized bank using Form 8109. An annual return, Form 940, must be filed by January 31. This tax also known as FUTA, is assessed on the employer only. You are also required to withhold income taxes for your employees. You are liable for the taxes whether or not they have been collected. Employee Income TaxesĮmployers are required to withhold Social Security (FICA) taxes from the wages of employees. To apply for the number, file federal form SS-4, which may be obtained from the office of the Commissioner of Revenue or can be downloaded at Contact the IRS by telephone: 800.829.1040. For more information contact:ĥ40.332.3862 Federal Employee Identification NumberĮvery Employer is required to have a FEIN. If you work out of your home you may be required to have a home occupation permit. The filing fee varies with the type of application. If a certificate is required, the Zoning Administrator, Inspection Division, and the Planning Department will give the requirements for the proposed use and make arrangements for the required field inspection, or direct the applicant to the appropriate agency or office. You may be required to have an occupancy permit issued by the Zoning Administrator. For information contact:ĥ40.332.3874 Apply for an Occupancy Permit The Clerk of the Circuit Court can help you with amending or terminating an established partnership or trade name for your corporation. Register a Corporation, Partnership or Trade NameĪll corporations conducting business in Virginia must be registered with the State Corporation Commission.Īmend or Terminate a Partnership or Trade Name
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