Virginia Beach Business License Tax: Rates vary by industry and gross receipts. Examples: Contracting $0.16 per $100, General Services $0.36 per $100, Professional/Financial/Real Estate Services $0.58 per $100, Retail Merchant $0.20 per $100, Wholesale Merchant $0.12 per $100 (based on gross purchases). Annual fees apply for lower gross receipts: $25 for up to $25,000; $40 for $25,001-$100,000; $50 for $100,001-$200,000.
Short-term rentals require an annual zoning permit ($500 fee) and are subject to a 1% short-term rental tax. Properties are limited to 2 rental contracts within 7 consecutive days, with a maximum of three individuals per bedroom.
Virginia Beach's diverse economy, coupled with the absence of a local income tax and the presence of Opportunity Zones, creates a favorable environment for strategic tax planning, particularly for real estate investors and business owners looking to leverage growth incentives.
These are the dominant professions and industries in Virginia Beach. Click your profession to see your personalized write-off list.
These strategies are especially powerful or unique for Virginia Beach residents and business owners. Click any strategy to learn more.
Running an LLC or business in Virginia Beach? Here's what you need to know about local taxes, entity structure, and the write-offs that matter most in this city.
Virginia Beach business owners face both Virginia state taxes and Virginia Beach-specific local taxes. Understanding both layers is essential for effective tax planning.
Common questions about Virginia Beach business taxes, LLC structure, and local write-offs — answered by Uncle Kam's tax advisors.
Virginia Beach does not have a local individual income tax. You'll pay Virginia state income taxes but no additional city-level income tax. Focus your planning on maximizing federal and Virginia state deductions.
Book a Free Strategy Call →Virginia Beach Business License Tax: Rates vary by industry and gross receipts. Examples: Contracting $0.16 per $100, General Services $0.36 per $100, Professional/Financial/Real Estate Services $0.58 per $100, Retail Merchant $0.20 per $100, Wholesale Merchant $0.12 per $100 (based on gross purchas
Book a Free Strategy Call →The top write-offs for Virginia Beach business owners include: S-Corp election to reduce self-employment taxes, home office deduction, vehicle and mileage, Section 179 equipment expensing, business meals and entertainment, retirement contributions (Solo 401k/SEP-IRA), and Virginia Beach-specific deductions like local business taxes paid. Uncle Kam's advisors know the Virginia Beach tax landscape — book a free strategy call.
Book a Free Strategy Call →Forming an LLC in Virginia Beach provides liability protection and pass-through taxation. For most Virginia Beach business owners earning over $60,000 net profit, adding an S-Corp election to your LLC can save thousands in self-employment taxes annually. Virginia has specific LLC requirements and fees — get a personalized recommendation from Uncle Kam's tax advisors.
Book a Free Strategy Call →Short-term rental rules in Virginia Beach: Short-term rentals require an annual zoning permit ($500 fee) and are subject to a 1% short-term rental tax. Properties are limited to 2 rental contracts within 7 consecutive days, with a maximum of three individuals per bedroom. From a tax perspective, STR owners can deduct mortgage interest, property taxes, insurance, repairs, depreciation, and management fees. The short-term rental loophole may allow you to offset W-2 income with rental losses if you qualify.
Book a Free Strategy Call →Yes — Virginia Beach has designated Opportunity Zones where investors can defer and reduce capital gains taxes by investing in qualified opportunity funds (QOFs). This is one of the most powerful tax deferral strategies available for real estate and business investors in Virginia Beach. Uncle Kam can connect you with advisors who specialize in OZ investments.
Book a Free Strategy Call →Freelancers and self-employed professionals in Virginia Beach can reduce taxes by: electing S-Corp status (saves $5k–$20k/year for most), maximizing the home office deduction, deducting all business-related expenses, contributing to a Solo 401(k), and using the QBI deduction (up to 20% of qualified business income). Virginia Beach's combined state and local tax burden makes these strategies even more valuable. Get a free tax review from Uncle Kam.
Book a Free Strategy Call →This city guide is commonly used by the following taxpayer profiles. Click to see all strategies for your situation.
Uncle Kam connects you with vetted CPAs and tax advisors in Virginia Beach, Virginia who specialize in maximizing write-offs for your business type.
Find Virginia Beach Tax Professionals →Uncle Kam clients save an average of $5,000–$40,000/year. The strategies that make that possible are unlocked on a free strategy call.
Book A Free Strategy Call Free consultation. No obligation.