- July 13, 2021
- Posted by: Stratford Team
- Category: Business
HILTON HEAD ISLAND, S.C. (WTOC) – There is a change that every South Carolina business owner needs to know about when it comes to business licenses, but the details can get complicated.
As of right now, if your South Carolina business makes money in different cities or towns, you have to file paperwork with every town individually, and they don’t all use the same system. Proponents of Act 176 say it will standardize the entire process, basically making everything to do with business licenses easier to figure out.
Here’s what will change. April 30 will become the statewide due date to apply for a license.
The business license tax year will be set as May 1 to April 30. There will be one payment portal and the tax rate classification system will be simplified.
Hilton Head town leaders says that change in tax rate affects nearly half of all businesses in the state. They point to a recent study that showed they town was missing a lot of money and they…