All you wanted to do was make some good beer but now you are suddenly running a business. Here are just a few things to keep in mind when accounting for your brewery.
The Commonwealth of Virginia Department of Taxation (the Department) has issued a policy change regarding meals and catering purchases made by nonprofit organizations. According to the notification issued by the Department, there has been some confusion regarding the application of the tax to purchases of prepared meals and catering by nonprofit organizations. The Department changed its policy effective April 22, 2016.