Danville tax preparer, Timothy Harris, indicted on filing false tax returns

Thursday, April 13, 2017

A federal grand jury sitting in Roanoke, Virginia, returned an indictment today charging a Danville, Virginia resident with filing false tax returns, announced Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and Acting U.S. Attorney Rick A. Mountcastle for the Western District of Virginia. According to the indictment, Timothy […]

No Comments Read full story »

Gov. McAuliffe announces Virginia revenue collections are up 3.6%

Monday, March 13, 2017

RICHMOND – Governor McAuliffe announced today that general fund revenue collections for February increased 3.6 percent. On a fiscal year-to-date basis, total revenue collections rose 4.5 percent, ahead of the annual forecast of 2.9 percent growth. “Even though February is not a significant month for state revenue collections, continued growth is a great sign that […]

No Comments Read full story »

Gov. McAuliffe vetoes costly and ineffective coal tax credits

Tuesday, February 21, 2017

Today Governor Terry McAuliffe vetoed House Bill 2264, which would reinstate the coal employment and production incentive tax credit and extend the allowance of the coalfield employment enhancement tax credit without meaningful reform. “Pursuant to Article V, Section 6, of the Constitution of Virginia, I veto House Bill 2198, which would reinstate the coal employment […]

No Comments Read full story »

Virginia state revenue rises 7.4 percent in January

Monday, February 13, 2017

Governor Terry McAuliffe announced today that January General Fund revenues rose 7.4 percent from the previous January. On a fiscal year-to-date basis, total revenue collections rose 4.6 percent through January, ahead of the revised annual forecast of 2.9 percent growth. “Although we are slightly ahead of the forecast in payroll withholding collections, about 43 percent […]

No Comments Read full story »

Congress’s Marketplace Fairness delay hurting Virginia’s economy

Friday, December 16, 2016

Congress's Marketplace Fairness delay hurting Virginia's economy

Governor Terry McAuliffe in addressing the Commonwealth’s budge shortfall is recommending certain policy adjustments that will add $35.7 million in general fund revenues for 2017 and $102.9 million in general fund revenues in 2018.  Examples of these adjustments include the following: First, he is proposing a tax amnesty program. “Since 1990, three amnesty programs have […]

No Comments Read full story »

Unemployment Insurance tax for employers declines for 2017

Friday, December 16, 2016

The Virginia Employment Commission (VEC) announced that the average Unemployment Insurance tax for employers is expected to decline $22 per employee or about $83 million in 2017.  $11.5 million will be reduced from the pool tax and the remainder will come from base tax rates for employers. Effective 2017, Virginia’s unemployment tax rates for experienced […]

No Comments Read full story »

Second man sentenced in employment tax scheme

Monday, July 11, 2016

ROANOKE, VIRGINIA – United States Attorney John P. Fishwick Jr. announced today the sentencing of a second man involved in a conspiracy that defrauded the United States out of a half million dollars of employment taxes over a five year time period. Today in District Court, Markera Galustyants, of Miami, Florida, who previously pled guilty […]

1 Comment Read full story »

Bedford residents sentenced to prison for tax fraud scheme

Tuesday, May 31, 2016

WASHINGTON – Two Bedford, Virginia, residents were sentenced to prison today for criminal offenses arising out of a four-year scheme to defraud the Internal Revenue Service (IRS) and the Social Security Administration, announced Acting Assistant Attorney General Caroline D. Ciraolo and U.S. Attorney John P. Fishwick Jr. of the Western District of Virginia.  Edgar Foxx, […]

No Comments Read full story »

Tommy Witt sentenced to 30 months for filing false tax returns to IRS

Thursday, April 21, 2016

ABINGDON, VIRGINIA – A Jonesville man who worked with his brother, and several others, to submit claims for more than $400,000 of fraudulent tax returns, was sentenced today in the United States District Court for the Western District of Virginia in Abingdon, United States Attorney John P. Fishwick Jr. announced today. Tommy Witt, 57, of Jonesville, […]

No Comments Read full story »

Virginia fiscal year-to-date revenue collections rose 2.7 percent, slightly behind the annual forecast

Wednesday, April 13, 2016

RICHMOND – Governor McAuliffe announced today that general fund revenue increased 7.5 percent in March as payroll withholding and sales tax collections increased.  On a fiscal year-to-date basis, total revenue collections rose 2.7 percent, behind the annual forecast of the 3.2 percent growth. “As we enter the fourth quarter of the fiscal year, we believe […]

No Comments Read full story »

U.S. Senator Mark Warner meets with entrepreneurs to help spur innovation

Wednesday, August 19, 2015

U.S. Senator Mark Warner meets with entrepreneurs to help spur innovation

Virginia U.S. Senator Mark Warner defined himself as a failed entrepreneur, at first that is. He himself had student debt like many of the 20 entrepreneurs that came to the Grandin CoLab to share their experiences with the Senator. Eventually Warner hit it big with a telecommunications-related venture. He founded the firm Columbia Capital.  Warner […]

1 Comment Read full story »

Roanoke councilman rolls over to go along with tax increases

Monday, May 11, 2015

Roanoke councilman rolls over to go along with tax increases

In a 6-1 vote today Roanoke City Council increased the city’s real estate tax from $1.19 per $100 of assessed value to $1.22. Only Mayor David Bowers voted against it. The vehicle license tax increases from $20 annually to $28 annually. City Council voted to increase their pay by 10%. That decision was made in […]

2 Comments Read full story »

« Older Entries