Voluntary Disclosure Agreements, called VDAs for short, are fantastic tools accountants can use to help clients navigate state and local tax (SALT) non-compliance issues. VDAs allow business owners to become compliant by disclosing any non-compliance and offering to make things right by paying back unpaid taxes and interest for a specific period of time.
Source Lumatax
Latest Posts in "United States"
- FISC Hearing on Tax Implications of Trump Administration Policies September 23
- USA Simplified Sales Tax Program: E-commerce Benefits and Drawbacks Analysis
- Canada removing tariffs on certain US goods; Canadian business support measures announced
- Can Sales Tax Replace General Excise Tax for Economic Growth?
- Seattle Mayor Proposes Sales Tax Hike to Fund Nonpolice Response Teams
