Specific tax liability for each type of business is different. You should consult your attorney and accountant regarding comprehensive tax planning to fit your business activity.
Taxation for small businesses may be simple or complex, depending on the size and business structure. North Carolina state taxes include Sales and Use Tax, Withholding Taxes, Privilege License Tax, Unemployment Insurance Tax, Franchise and Income Tax, county and city property taxes, and federal taxes.
The Internal Revenue Service will assemble and forward a tax information kit that fits your particular business situation. The kit includes forms and publications that apply to federal taxes only. To obtain this information, contact the IRS at 800.829.4933 or through www.irs.gov/formspubs/index.html and request:
- A Small Business Resource Guide CD (Publication 3207), or contact 800.829.3676
- Tax Guide for Small Business (Publication 334)
- Employer’s Tax Guide (Publication 15)
- Understanding Your EIN (Publication 1635)
Internal Revenue Service
Taxpayer Assistance Center
4405 Bland Road
Raleigh, NC 27609
Provides face-to-face tax assistance, distributes forms, and assigns employer tax number.
North Carolina Department of Revenue
Taxpayer Service Center
4701 Atlantic Ave., Suite 118
Raleigh, NC 27604
Provides information, forms, and instructions for North Carolina state taxes.
North Carolina Employment Security Commission
700 Wade Ave.
Raleigh, NC 27605
Provides unemployment insurance tax registration and information.
Wake County Revenue Department
One Bank of America Plaza
421 Fayetteville St., Suite 200
Raleigh, NC 27601
Assesses and bills property taxes for Wake County and its municipalities.
The Greater Raleigh Chamber offers a Franchise 101 Workshop. Check the Calendar of Events for opportunities.