Running a business is hard work; you have a lot to track, oversee, and do to make your business a success. We are here to help, and so are other organizations. Take advantage of the following business resources and information – it could make a big difference to your day-to-day operations.
As you run your business, you must keep track of many recurring requirements -- each with a due date or deadline -- to maintain compliance.
- Alcohol Beverage License (ABL)
- Consolidated Sales Tax
- Consumer Credit Grantor Notification (including rent-to-own), Maximum Rate Schedules (including credit card disclosures), and Motor Vehicle Dealer Closing Fees
- Corporate Tax
- Property Tax
- Sales and Use Tax
- Withholding
- W-2s Submission
- Employer Wage Report
Find resources and more information about the tax due dates that may impact your business.
As your business grows, you may need to add workers, which comes with additional responsibilities, including:
- Withhold federal and state taxes from employee wages.
- Withhold FICA (Social Security and Medicare) from employee wages.
- Verify the employee work authorization through the E-Verify federal work authorization program administered by the U.S. Department of Homeland Security (USDHS) through Citizenship and Immigration Services (CIS). Complete and maintain the federal employment eligibility verification form, more commonly known as the Form I-9 for each employee.
- Report all new hires to the South Carolina Department of Social Services (SCDSS). This information will be used to ensure that non-custodial parents live up to their financial responsibilities to their children.
- Provide for Workers’ Compensation Insurance. According to the South Carolina Workers’ Compensation Commission SC(WCC), employers covered by the provisions of the State’s Workers’ Compensation Act are required to maintain insurance sufficient for the payment of compensation.
- Submit employee federal withholding to the IRS (Form 941) and the state withholding to the South Carolina Department of Revenue (SCDOR).
- Submit FICA (employee contribution and employer contribution) to the IRS (Form 941).
- Submit federal unemployment insurance (FUTA) to the IRS (Form 940) and the state unemployment insurance (SUTA) to the South Carolina Department of Employment and Workforce (SCDEW). The reporting of state unemployment is typically referred to as the Wage and Contribution Reports (UCE 101/120).
- Employers in South Carolina are required to post two employment notices from the South Carolina Department of Labor, Licensing and Regulation (SCLLR) in a place or places where employees can see them. Learn more about the required employment posters at SCLLR.
With business success comes potential growth plans for reaching new customers and markets, adding to your workforce, and opening new locations. Make the most of your business growth by taking advantage of the following resources:
- Learn about developing a workforce at SC Works.
- Add a sales tax location at the South Carolina Department of Revenue (SCDOR)
- Find business growth tools at:
- Learn about funding programs from the U.S. Small Business Administration (SBA)
- Find information about franchising at SCORE
Learn more about resources for business growth and expansion.
Goals change, plans adjust, and the unexpected happens. A business may need to change its location, name, and/or registered information for a variety of reasons. Make your business changes at the following agencies and organizations:
- South Carolina Department of Revenue (SCDOR)
- South Carolina Secretary of State (SCSOS)
- South Carolina Department of Employment and Workforce (SCDEW)
- Internal Revenue Service (IRS)
- Other South Carolina State Agencies
- County and Municipalities
Learn more about changing your business address, name, and registered information.
You must notify the following agencies – where/if registered – of your business closure to avoid unnecessary notices and bills to the business:
- South Carolina Department of Revenue (SCDOR)
- Internal Revenue Service (IRS)
- South Carolina Secretary of State (SCSOS)
- South Carolina Department of Employment and Workforce (SCDEW)
- Other South Carolina State Agencies
- County and Municipalities
Learn more about notifying government agencies about a business closure.