NOTE: If you intend to make a Section 179 election you must reduce the basis of the asset by the amount expensed under Section 179 before you can calculate depreciation. You can claim the Section 179 deduction for the cost of qualifying property acquired for use in a trade or business.nly the cost of property you acquired by purchase for use in your trade or business qualifies. The cost of property acquired from a related person or group may not qualify. If you buy an asset with cash and a trade-in, you can claim a section 179 deduction based only on the amount of cash you paid.
Virginia State Law. The Code of Virginia defines a permanent, full-time employee as one that works a minimum of 35 hours per week or 1,680 hours a year. The law specifies that the employee must work 35 hours a week during the employer's business operations or for the portion of the year that the employee was hired on to work.
Hours of Operation. Mondays, Tuesdays, Thursdays and Fridays - 8:30 a.m. until 5:00 p.m. Wednesdays, 9:30 a.m. until 5:00 p.m. Office will be open continuously through the day and will not be closed for lunch. If you are filing a claim for Unemployment Insurance (UI) benefits in Virginia, you may use our online services as a first option since you will be able to reach the VEC quicker online than by telephone. Internet claim filing can be accessed from our Unemployment Insurance Web Site.