SBC Helping Businesses Get Back on Feet
WINTERVILLE—Pitt Community College’s Small Business Center is assisting with a statewide program designed to help North Carolina small businesses get back on their feet.
In July, the N.C. Department of Revenue and the N.C. Small Business Commissioners Office launched the Small Business Taxpayer Recovery Program (SBTRP) to assist businesses struggling financially as a result of the nation’s economic downturn. According to a press release from Gov. Beverly Perdue’s office, the program is currently helping more than 1,000 of the state’s small businesses.
“Companies from the mountains to the coast are benefitting from the state’s help during these tough economic times,” said Secretary of Revenue David Hoyle. “We have everything from restaurants, automotive centers, and health care services to landscaping and building companies that are using this program to get back on their feet.”
Larry Biggs, a business counselor with the PCC Small Business Center, said his office is currently working with seven businesses through SBTRP.
Biggs explained that the program gives businesses that have fallen behind on their North Carolina sales, withholding and other trust taxes the opportunity to obtain a longer-term payment plan while avoiding penalties and fees.
“The clients we are assisting through the Small Business Taxpayer Recovery Program represent a variety of business types,” he said. “Though they have enrolled in the program for a number of reasons, many have been negatively impacted by the economic downturn and have found it difficult to meet their trust tax-related obligations.”
Biggs said the Small Business Center is providing its clients with confidential financial analysis, marketing strategy assistance, and recommendations for improved managerial practices. The center also serves as a valuable resource hub and can provide businesses with classroom and individualized training, he said.
SBTRP, which is currently scheduled to run through 2013, is available to businesses with 200 or fewer employees. Biggs said local businesses that choose to participate must agree to use the business counseling services of PCC’s Small Business Center or the Small Business Technology Development Center, adding that each business would be assigned to the appropriate agency.
Business owners interested in SBTRP should contact the N.C. Department of Revenue at 1-877-252-3052 or visit the Greenville office located at 2995 Radio Station Road. They may also visit the “Information for Businesses” section of www.dornc.com to learn more about eligibility and participation.