Sat 08 Aug 2015 | By:

South Carolina Business Taxes (What You Need to Know)

Small Business Taxes

When registering a business (LLC, Corporation, ect) in South Carolina, it is not only imperative that you focus on how to go about the operations of your business, but also to take note of your legal obligations especially your taxes.

You should be well versed on South Carolina business taxes and how to process these requirements so you can legally operate in this state.

This article will serve as your guide in figuring out all your legal obligations and how to keep them under control so you won’t into some trouble during the course of your business’ operation.


1) South Carolina Business Income Tax

As part of your business’ legal operations in South Carolina, there are taxes that you need to take care of. This includes your South Carolina Business Income Tax. The income of your business is taxable. To comply your South Carolina business tax, you can visit this Nolo Guide to direct you on what needs to be done and what requirements you should prepare.

2) South Carolina Federal Tax Forms & Publications

As part of the requirement to operate legally, South Carolina Federal Tax Forms & Publications are needed so you can pay your federal income tax. Let this tax resources guide help you comply with all the requirements for this.

3) South Carolina Employer Income Tax Withholding Obligations

As part of the prerequisite when starting a business in South Carolina with employees, you also need to take care of your South Carolina Employer Tax Withholding Obligations. To get started on complying with the requirements for employer income tax, read this BizFilings guide.

4) South Carolina Sales and Use Tax

Aside from other South Carolina business taxes, you also need to process the South Carolina Sales and Use Tax to ensure that you are 100% compliant. A great resource on how you can be compliant with your sales and use tax is to head to South Carolina’s Department of Revenue for guidance.


An Important Tool to Make Your South Carolina Business Tax Life Easier

Startup Tools and ResourcesThere are a plethora of resources that make your life stress-free and easier when managing South Carolina business taxes. No more need for shoeboxes filled with receipts or writing down every single transaction.

A Small Business Accounting Software

FreshBooks, Xero, and QuickBooks are small business accounting softwares that will simplify the accounting process for you. They help you keep track of your finances, taxes, and expenses – on a budget. Visit each review and start a free trial to see which is right for you.

This guide is not a legal or tax advice, it is merely a guide to give you the necessary information on your requirements to get a South Carolina business tax. For an in-depth discussion on South Carolina business taxes or starting a new business, check out the Department of Revenue website of South Carolina or talk with a lawyer.

About Liesha Petrovich

Liesha is a small business owner of 20 years, host of Startup Savant, the owner of a karate dojo in Maine, and creator of Work Mobly. During free time she's with her family and working on a Doctorate in Entrepreneurship.