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  • Brian Barto, EA

Virginia Sales Tax for Small Business: When to File, How to File and the Penalties for Late Filing

Payments are due quarterly or monthly depending on the size of the business and the amount of total sales. The State of Virginia will assign a filing frequency to your business based on your total sales tax liability. The filing frequency will be based on the estimated sales volume if you are a newly registered business. This is assigned at the time you receive your registration, though it may be updated in the future depending on actual sales volume. For quarterly filers, the deadline is the 20th of the month following the end of the quarter. For example, the payment for the 1st quarter sales tax (Jan-Mar sales) is due on Apr 20. For monthly filers, payments are due on…[continue reading]

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