North Carolina Small Business News

news & information

  • New Regulatory Reform Passed by N.C. Lawmakers New Regulatory Reform Passed by N.C. Lawmakers This is the second regulatory reform legislation passed to help businesses in 2017.

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  • New Form I-9 Required by September 18, 2017 New Form I-9 Required by September 18, 2017 Small businesses must comply. There is no exception.

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  • Is North Carolina a National Model for Reform? Is North Carolina a National Model for Reform? Numerous ranking reports put state in the top 10 for business-friendliness and fiscal health.

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  • N.C. Budget Compromise Includes Tax Cuts N.C. Budget Compromise Includes Tax Cuts In 2019, personal and corporate income tax rates will drop.

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  • 2017 Legislative Victories in North Carolina 2017 Legislative Victories in North Carolina

    • Supported tax reform lowering the personal income rate from 5.49% to 5.25%. The legislation also reduced the corporate tax rate from 3% to 2.5% and increased the personal exemption from $17,500 to $20,000, saving small-business owner thousands of dollars annually.

    • Successfully opposed a tax increase or adding new taxes on services.

    • Prevented additional health insurance mandates, avoiding additional increases in premiums. introduced each session which ultimately increases the cost of health care premiums for all employers and employees.

    • Helped pass legislation making it clear people who work for a franchise aren't employees of the franchisor. The measure was filed in response to a decision by the National Labor Relations Board that claimed otherwise.

    • Worked closely with other business groups to restore North Carolina's no-fault workers' compensation system, ensuring that workers receive timely access to benefits while protecting against fraud.

     

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  • North Carolina Bolsters Rainy Day Fund North Carolina Bolsters Rainy Day Fund HB 7 will require annual deposits from sales tax growth.

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