What Every Business Owner Needs to Know About Taxes and Workers' Compensation Insurance

Did you Know… •The State of North Carolina can “waive your fees and penalties” if you are a small business owner that has overdue taxes? •The first $50,000 of your business revenue will not be taxed by the state? •You can receive a Federal Work Opportunity Tax Credit for hiring individuals from certain targeted groups? •North Carolina law requires that all businesses with three or more employees obtain workers’ compensation insurance or qualify as self-insured employers Protect your business and avoid common mishaps with taxes and workers' compensation insurance.

Co-Sponsor(s): Collaboration with the NC Department of Revenue, NC Industrial Commission, NC Workforce Solutions, the Institute of Minority Economic Development, SBA, and CCC&TI Small Business Center

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