Tax & Accounting
Every return, filed where it belongs.
Tax, accounting and forensic accounting in the U.S. Virgin Islands
Virgin Islands
tax is
what we do.
Tax returns, forensic accounting, and EDC and RTPark compliance, from our office on St. Thomas for clients on all three islands.
The firm
A Virgin Islands business answers to the Bureau of Internal Revenue, the Lieutenant Governor and sometimes the IRS, each on its own calendar. We file with all three.
- Office
- Buccaneer Mall, St. Thomas
- Led by
- Rodd Goldman, more than 30 years in tax and finance
- Meetings
- In person, by video or by phone
- Serving
- St. Thomas, St. Croix & St. John
What we do
Tax, forensic accounting and incentive compliance
Forensic
Investigations led by a CPA and fraud examiner.
EDC & RTPark
Keep the benefit and the filings current.
Forensic accounting
When something doesn’t add up.
Missing cash. A vendor nobody can explain. A partner dispute headed to court. Rodd Goldman is a CPA and a Certified Fraud Examiner, and he leads every forensic engagement himself.
What we investigate
- Employee embezzlement and skimming
- Vendor and billing schemes, including fictitious vendors and kickbacks
- Payroll fraud: ghost employees, unauthorized raises, falsified hours
- Expense-reimbursement abuse and company-card misuse
- Financial-statement manipulation
Disputes we support, through counsel
- Damages quantification and lost-profits analysis
- Business and partnership disputes
- Trust and estate accounting disputes
- Asset tracing in marital dissolution
- Expert reports, rebuttal of the opposing expert, and testimony
Gross Receipts Tax
Form 720 V.I., twelve times a year.
5% of gross receipts, with nothing deducted for costs, due by the 30th of the following month. It is filed in a month with no receipts, and by a business whose grant makes it exempt.
-
1
Send
The month’s sales summary, in whatever form you keep it.
-
2
Compute
Receipts, any exemption you hold, and the 5%.
-
3
Check
A month that looks unlike the others gets a question first.
-
4
Approve
You see the finished return before it goes.
-
5
File
It goes to VIBIR, and the confirmation comes back to you.
Who you’ll work with
Rodd Goldman
Managing Partner · CPA · Certified Fraud Examiner
Rodd Goldman, CPA, CFE, is a U.S. Virgin Islands Tax Expert who has lived and practiced in the territory for 5 Years. His expertise in the USVI mirror tax system helps clients maximize incentives while maintaining full federal and territorial compliance.
With more than 30 years of financial and tax experience, Rodd blends mainland precision with island-specific insight, helping business owners and corporations navigate complex USVI tax compliance with confidence.
Stephanie McKinnerney
Accountant
Stephanie McKinnerney is a U.S. Virgin Islands accountant with decades of experience in public accounting and individual income tax. She has lived and practiced in the territory since 2016, developing deep expertise in the USVI mirror tax system.
Key dates
The Virgin Islands filing calendar
- Monthly filers The 30th Form 720 V.I. Gross receipts for the month before, filed with VIBIR.
- Filers under $225,000 January 30 Form 720-B The annual alternative to twelve monthly returns, for businesses under $225,000 a year.
- EDC beneficiaries April 15 Report of ownership Every owner of 5% or more, to the Lieutenant Governor. Missing it is grounds for revocation.
- Every registered entity June 30 Annual report The annual report and franchise tax, filed on Catalyst, including in a year with no business.
What we find
Where Virgin Islands filings go wrong.
What we look for first when a new client hands over a year of returns. Most of these errors were made in good faith.
-
Gross receipts tax computed at 4%.
The rate has been 5% since March 2012. The old figure survives in stale copies of the code and in inherited spreadsheets.
The gross receipts tax -
The wrong Form 720 entirely.
The IRS Quarterly Federal Excise Tax Return is a different form for a different tax, filed with a different agency.
Form 720 V.I. explained -
Gross receipts tax withheld by the Government treated as paid in full.
The Government withholds 4% on large payments, and the tax is 5%. The difference is still owed on the return.
Monthly gross receipts filing -
Payroll withholding sent to the IRS.
Income tax withheld from a bona fide Virgin Islands resident belongs to VIBIR. Most mainland payroll software has no setting for that.
Virgin Islands payroll
Guides
USVI tax, in plain language.
Written for owners, not accountants, and reviewed by Rodd Goldman before publication.
The USVI gross receipts tax: rate, exemption and deadlines
The 5% rate, the $9,000 monthly exemption, the $225,000 line, and which of the three returns applies to you.
Form 720 V.I., the monthly return
What the return asks for, when it is due, and why it is not the IRS Form 720.
How taxes work in the U.S. Virgin Islands
The mirror code, bona fide residency, and the taxes the territory collects on its own account.
Bring us the filings.
We’ll go through what you file today, what is current and what is late, and tell you where you stand.