A business operating in Prince William County, VA has three levels of taxation: the Federal Government, the Commonwealth of Virginia and Prince William County, VA.
Nationally recognized for its conservative fiscal practices and AAA bond rating by all three of the major credit rating agencies (Fitch, Moody’s and S&P), Prince William County, Virginia is one of only 38 counties in the entire nation to hold this prestigious recognition, which is a testament to sound fiscal management and stability.
Prince William County maintains a very competitive tax structure to support the growth and expansion of local businesses. Through the Department of Economic Development, the County supports business expansion and location through competitive real estate and property taxes, aggressive computer tax depreciation via a highly streamlined process.
Business and Professional Occupational Tax (BPOL)
Commercial businesses and individuals engaging in home occupations or self-employment who expect their business gross receipts or purchases in the case of wholesale merchants, to exceed $250,000 for the license year must file and obtain a business license from the Prince William County Finance Department. For businesses which do not anticipate gross receipts, or purchases in the case of wholesale merchants, to exceed $250,000 for the license year, no payment is required. However, these businesses must still file a business license application.
For businesses who expect to exceed the $250,000 threshold:
- New businesses must apply for a license and pay the license fee (or BPOL tax) within 30 days from the date of beginning business.
- Businesses issued a license for the preceding year must apply for a license and pay the license tax by the due date.
- Persons starting a home-based business need to apply for a business license and pay the business license tax if they expect gross receipts to be more than $250,000 per year. Click here for the Home Office Application Form.
In addition to tax savings available to Prince William County businesses, the state and county provide incentives, credits, loans and grants to eligible businesses. Please contact us directly to speak to a member of our team to receive an overview of the taxes and incentives that would be applicable to your business.
For a list of all Prince William County tax rates please visit the Prince William County Government website.