Help for NC Small Businesses

The Small Business Taxpayer Recovery Program launched by the NC Department of Revenue and the N.C. Small Business Commissioners Office in July is now helping more than 1,000 small businesses get back on their feet after facing financial hardships during the economic downturn. The program offers penalty and fee waivers, as well as longer-term payment plans to companies that have fallen behind. With a total cost savings of almost $6.8 million in fees and penalties, 1009 businesses are now participating in the program.   “Companies from the mountains to the coast are benefiting from the state’s help during these tough economic times,” said Secretary of Revenue David Hoyle.  Businesses with 200 or fewer employees qualify for the program and must agree to use the counseling services of the Small Business and Technology Development Center (SBTDC) or the NC Small Business Center Network (SBCN).  Both organizations are available to assist with financial planning and other business needs.   The program runs through June 2013.   Interested business owners should contact the department at 1-877-252-3052 and visit the “Information for Businesses” section of www.dornc.com to learn more about eligibility and participation.