I have changed my business name. Can I change my business license, or do I need to file for a new one? You can request a name change update to your existing account via email at dtappdbusiness@fairfaxcounty or on the BPOL portal.
$10,001- $50,000: $30. $50,001- $100,000: $50. For gross receipts or gross purchases that exceed $100,000, the BPOL tax rate is applied. These rates depend upon the nature of the business, as laid out in the BPOL Ordinance (Fairfax County Code, Section 4-7.2).
Each Virginia city and county establishes its own licensing requirements and procedures. But, most counties and cities require the appropriate Virginia business licenses or permits for all businesses, including one-person, home-based operations.
When and How to Apply for a Business License. All business owners, including owners of home-based businesses, are subject to the BPOL tax. Business owners are required to register their business with the Department of Tax Administration (DTA) within 75 days of beginning business operations in Fairfax County.
Do I need to obtain a contractor's license for every county/city in which I perform work? Yes, if that locality has a business license tax. (State and Counties/Cities are governed by separate regulations). Since each locality sets their own tax rates (not to exceed the State limits) the business license tax will vary.
All businesses operating in the City of Fairfax must apply for an annual license with the Commissioner of the Revenue. Business license taxes are levied annually and are typically based on a business's gross receipts. All new businesses must submit an application within 30 days of the start of operations.
Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.
Graduates with a business management degree can pursue high-paying careers, with many roles offering six-figure salaries, particularly in upper management and executive positions. For instance, roles such as financial manager, marketing manager, and operations manager often come with lucrative compensation packages.
Business management involves coordinating organizational activities to achieve its objectives and goals. This is done through functions such as planning, organizing, directing and controlling various aspects of operations, including finance, marketing and human resources.
The highest paying job in business are chief executive roles. A chief executive officer (CEO) earns an average of $189,520 per year. If you are interested in becoming a CEO, earning a Master of Business Administration degree can give you the skills needed to qualify for management and leadership positions.