Virginia State Tax Updates

According to Virginia Performers Reports, In the Foundation’s index for 2009, Virginia had the 4th best corporate tax index rank in the nation, placing it above its peers: Maryland ranked 14th, Tennessee 12th and North Carolina 26th. Wyoming, Nevada, and South Dakota, which have no general corporate tax at all, received the highest scores.

In 2008 Virginia had the 18th highest tax burden in the country with 9.8 percent of income. Now few of the tax burden comes from corporate taxes.

Post taken from Avicenna Accounting. If you're looking for Virginia state tax solution for your business, or need help with Virginia tax forms, contact Avicenna Accounting