The first major tax matter involved is reporting your income to the Federal Government. Accordingly, you should contact the local office of the Internal Revenue Service. This office also can provide a tax guide with information about the many aspects of business taxation. In this case, you should contact the N. C. Department of Revenue. If your business is a proprietorship or partnership, then business earnings will be taxed as personal income.
Some businesses are also subject to sales tax.
You should contact the local office of the N. C. Department of Revenue to see if this applies to your business. All owners of real estate within the jurisdiction of New Hanover County are required to list property annually in January. A business person property listing may be required. You should contact the New Hanover County Tax office regarding the requirements and administration of this tax. Apply for an employer identification number at the N. C. Department of Revenue and the Internal Revenue Service.