The North Carolina Department of Revenue is joining forces with the IRS to help citizens understand more about the responsibilities of launching and operating a small business. NCDOR started a seminar series last fall in an effort to support small businesses and keep jobs in North Carolina. The IRS will now participate in those presentations.
The seminars are held in all regions of the state and focus on keys to success and eight basic tips every small business owner should know.
Attendees take part in table-top exercises to learn about everything from registering a business, to filling out and sending in a tax return in North Carolina. Information is also provided on the Small Business Taxpayer Recovery Program—an initiative that helps small business owners in North Carolina who have fallen behind on sales, withholding and other trust taxes.
“We’ve had high levels of participation and interest in the seminars during the past 9 months,” Secretary of Revenue David Hoyle said. “The feedback from individuals in attendance has been outstanding. They leave knowing the tax laws that affect their business. We are excited that our new partnership with the IRS will provide our citizens with the best foundation possible to establish successful businesses.”
Participants will also learn about important federal tax credits, record keeping, employment taxes and protecting financial documents.
The next two seminars will be held:
July 18th Bennett College, The Global Learning Center 521 Gorrell Street, Greensboro, N.C.
July 25th Johnson C. Smith University, Technology Center Auditorium, 100 Beatties Ford Road Rm 103, Charlotte, N.C.