s.c. house tax proposal

S.C. House advances small business tax proposal — Photo by Johannes Plenio on Pexels

12% Drop Slashes Small Business Taxes for Charleston Cafés

A 12% reduction in the effective small business tax rate frees an average of $3,500 per quarter for Charleston café owners. The new South Carolina law also caps state and local tax deductions at 7%, reshaping how owners plan expenses. Financial Disclaimer: This article is for educational purposes only

S.C. House advances small business tax proposal — Photo by Gustavo Fring on Pexels

sc small business tax credit

SC Small Business Taxes Ignored? Hidden Credit Saves Thousands

The hidden South Carolina credit can reduce a qualifying retailer’s tax bill by several thousand dollars in the first year. By filing the new SC-501 form electronically, eligible businesses claim the credit before the April 15 deadline. Financial Disclaimer: This article is for educational purposes only and does not