News
FinCEN's BOI Reporting Deadline: 01/01/2025 – Charlottesville, VA Businesses Act Now to Avoid Fines!
The Corporate Transparency Act (CTA) mandates businesses in Charlottesville, VA, to submit Beneficial Ownership Information (BOI) to FinCEN to curb financial crimes such as money laundering and tax evasion. As of today, 11-26-2024, Charlottesville business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—delay could mean fines of $500 per day! Action Steps for Charlottesville Businesses1. Confirm Filing Requirement Deadline: ASAPMost LLCs,
Does Solar Add Value To Your Home in Virginia?
We're excited to announce the release of Virtue Solar's latest blog post "Does Solar Add Value To Your Home in Virginia?" that delves into how solar installations can affect your home's resale value. If you're contemplating solar energy but hesitant because you're not in your "forever home," this article is a must-read. Learn how adding solar panels could be a smart investment even if you anticipate moving. While specific studies on Virginia's real estate market are scarce, national data and local
Exciting News for Nonprofits: Virtue Solar Unveils New Blog on Solar Tax Credits
Virtue Solar, one of Virginia’s most reputable and trusted solar companies based in Charlottesville, has released an insightful new blog article exploring recent developments in solar tax credits. The U.S. Department of the Treasury and IRS have finalized rules related to the Inflation Reduction Act's direct-pay provisions, bringing clarity on how tax-exempt organizations, including nonprofits, can better access these incentives which were previously reserved for commercial solar developers. The newly
Tips for Avoiding Pitfalls on Your Way to Startup Success
Starting a business brings both excitement and uncertainty, with each step forward exposing new challenges. Success often depends on recognizing potential obstacles before they cause problems. Understanding the typical risks that businesses face helps prepare for what’s ahead. Navigating the complexities of the market demands careful planning and adaptability. By staying focused and prepared as you start out, your business can thrive even when conditions are unpredictable.Decoding Market Data Unlocking
How to Claim the Residential Solar Tax Credit
Charlottesville-based Virtue Solar, one of Virginia's most trusted solar installation companies, has recently published an insightful blog article titled "How to Claim the Residential Solar Tax Credit." As one of the leading solar providers in the state, Virtue Solar is committed to empowering homeowners with knowledge, helping them maximize their investment in solar energy. In their new solar blog post, Virtue Solar provides a comprehensive guide to navigating the federal solar tax credit, also known as
Virtue Solar Issues New Article on Section 301 Tariffs and Their Impact on Solar Pricing
Virtue Solar, Charlottesville's top local solar company, has released a new article discussing the recently finalized Section 301 tariffs and their implications for the solar industry. The article provides a comprehensive overview of the U.S. Trade Representative’s decision to increase tariffs on solar components and batteries imported from China. These changes, which went into effect in September 2024 & October 2024, are expected to affect solar panel pricing and supply chains, particularly impacting some