MBACC Business Development

Taxes

Taxes are an important concern for all businesses. The following may be helpful:

• Business Tax Guide for South Carolina
  S.C. Department of Revenue
  P.O. Box 125
  Columbia, S.C. 29214
  (803) 898-5000

• Small Business Tax Kit
  Internal Revenue Service
  1835 Assembly Street
  Columbia, S.C. 29201
  (803) 765-5544

• Internal Revenue Service
  601 19th Avenue North
  Myrtle Beach, S.C. 29577
  (843) 626-2700

State Sales Tax

There is a South Carolina sales tax. Before you open a new business, you must register with the License and Registration Division of the S.C. Department of Revenue and receive a tax number.

• S.C. Department of Revenue
  P.O. Box 125
  Columbia, S.C. 29214
  (803) 898-5000

Withholding Taxes for Employees

Contact the following for more information:

• Federal Income Tax
  Internal Revenue Service

• State Income Tax
  S.C. Department of Revenue

• F.I.C.A. (Social Security)
  Internal Revenue Service

• Medicare Tax
  Internal Revenue Service

• S.C. Employer Withholding Account Number
  P.O. Box 125
  Columbia, S.C. 29214
  (803) 898-5000

Unemployment Taxes

As an employer, you may be required to pay unemployment taxes.

• Federal Unemployment Tax (F.U.T.A.)
  Internal Revenue Service

• State Unemployment Tax (S.U.T.A.)
  S.C. Employment Security Commission
  1550 Gadsden Street
  P.O. Box 995
  Columbia, S.C. 29202
  (803) 737-2400

Property Taxes

If your business owns real property, contact the tax assessor’s office to find out about property taxes.

• Horry County Assessor's Office
  Myrtle Beach Office
  1201 21st Avenue North
  Myrtle Beach, S.C. 29577
  (843) 915-5043

• Conway Office
  1301 Second Avenue
  Conway, S.C. 29526
  (843) 915-5040 from Conway
  (843) 205-5040 from Myrtle Beach

• Georgetown County
  Treasures Office
  129 Screven Street
  Georgetown, S.C. 29440
  (843) 545-3098

Other Taxes

You may also be liable for other taxes such as the Federal Excise Tax or the State Franchise Tax. For more information, contact the Internal Revenue Service at (800) 829-3676 and the S.C. Department of Revenue at (803) 898-5391.