RALEIGH — The N.C. Department of Revenue is lending a hand to small businesses looking to recover from certain tax liability issues.
Along with the N.C. Small Business Commissioners Office, the Revenue Department is following up the Small Business Taxpayer Recovery Program with a similar effort to help the small businesses.
The new initiative is called the Small Business Counseling Program because of its increased focus on confidential, one-on-one management and financial planning assistance and counseling for the participating businesses.
The Small Business Counseling Program will offer penalty and fee waivers, as well as payment plans to companies that have fallen behind on sales, withholding and other trust taxes. Businesses with 200 or fewer employees may qualify for the program and must agree to have a responsible representative attend small business counseling.