NAICS 2022 industryGroup USA Verified: Census NAICS 2022 · 2023-03-17
5223
NAICS 5223 — Activities Related to Credit Intermediation
Activities Related to Credit Intermediation
NAICS 5223 is the industry group code for activities related to credit intermediation establishments in the United States. It forms part of the hierarchical North American Industry Classification System maintained by the Census Bureau.
Official data
| Feature | Description |
|---|---|
| Official name | North American Industry Classification System (NAICS) 2022 |
| Issuing authority | U.S. Census Bureau with OMB, Statistics Canada, and INEGI |
| Tax authority | Internal Revenue Service (IRS) |
| Purpose | Statistical business classification and federal contracting (SAM.gov, SBA standards) |
| Used in | SAM.gov registration, SBA size determinations, IRS tax classification, SEC EDGAR (via SIC crosswalk) |
| Active since | 2022 (current edition) |
| Hierarchy level | Sector (2-digit) |
| Source | https://www.census.gov/naics/ |
When do you need NAICS 5223?
1 Registering on SAM.gov for federal contracting — enter NAICS 5223 as your primary industry code.
2 Checking whether the SBA size standard for activities related to credit intermediation applies to your business for set-aside contracts or loans.
3 Classifying your main line of business when applying for grants, contracts, loans, or market research surveys.
4 Comparing this code against legacy NAICS 2017 records or related SIC codes for historical data alignment.
NAICS hierarchy path
Trace the classification from the broadest sector down to this national industry code.
Cross-references & crosswalks
How to register a activities related to credit intermediation business in the US
1
Verify NAICS classification
Confirm that Activities Related to Credit Intermediation accurately describes your financial services activity.
2
Register with federal regulator
SEC registration for investment advisers, FINRA for broker-dealers, OCC for national banks.
3
Apply for state-level license
Most financial activities require state securities or banking division licensing in addition to federal registration.
4
Implement AML/KYC compliance program
Anti-money laundering and know-your-customer protocols per Bank Secrecy Act requirements.
5
File FinCEN BOI report
Beneficial Ownership Information for most LLCs and corporations under the Corporate Transparency Act.
US Tax Forms & Registration
| Form Name | Who Files It | Frequency |
|---|---|---|
| Profit or Loss from Business | ||
| U.S. Return of Partnership Income | ||
| U.S. Corporation Income Tax Return | ||
| U.S. Income Tax Return for an S Corporation | ||
| Self-Employment Tax | ||
| Estimated Tax for Individuals | ||
| Application for Employer Identification Number (EIN) | ||
| Entity Classification Election | ||
| Nonemployee Compensation | ||
| Employer's Annual Federal Unemployment (FUTA) Tax Return | ||
| Employer's Quarterly Federal Tax Return | ||
| Request for Taxpayer Identification Number and Certification |
Entity Comparison
$
No federal sales tax in the United States. Sales tax is imposed at state and local levels, ranging from 0% to 10.25%. Economic nexus thresholds (following South Dakota v. Wayfair) require out-of-state sellers to collect sales tax once they exceed a state's revenue or transaction threshold, typically $100,000 in sales or 200 transactions per year.
No state income tax: Alaska (AK), Florida (FL), Nevada (NV), New Hampshire (NH), South Dakota (SD), Tennessee (TN), Texas (TX), Washington (WA), Wyoming (WY)
Who uses this code?
Mortgage Broker
Originates and brokers residential and commercial mortgage loans across multiple lender networks.
Licenses
- ●NMLS license
- ●State mortgage broker license
- ●Surety bond
- ●E&O insurance
Tax Forms
- ●Schedule C or 1120-S
- ●Schedule SE
- ●Form 1099-NEC
Registered Investment Advisor (RIA)
Operates an SEC- or state-registered advisory firm managing client portfolios with fiduciary duty.
Licenses
- ●Series 65
- ●SEC/state RIA registration
- ●Form ADV filing
- ●Compliance program
Tax Forms
- ●Form 1120-S
- ●Form 1099-NEC
- ●State franchise tax
Payroll Service Provider
Processes payroll, tax deposits, and W-2 filing for small to mid-sized employer clients.
Licenses
- ●Business license
- ●IRS e-file authorization
- ●Data security compliance (SOC 2)
Tax Forms
- ●Schedule C or 1065
- ●Form 940 and 941 (for own employees)
- ●State sales tax (varies)
Credit Repair Service
Helps consumers dispute inaccurate credit report items and improve credit scores under FCRA guidelines.
Licenses
- ●State credit service organization registration
- ●Surety bond (state-dependent)
- ●CROA compliance
Tax Forms
- ●Schedule C (Form 1040)
- ●Schedule SE (Form 1040)
Child codes (3)
Frequently asked questions
- What is NAICS 5223?
- NAICS 5223 is the North American Industry Classification System code for Activities Related to Credit Intermediation. It classifies this business activity for statistical, regulatory, and government procurement purposes. Federal agencies use NAICS codes to collect and publish data about the US economy, determine SBA size standards, and set aside contracts for small businesses.
- What licenses and permits does a Activities Related to Credit Intermediation need?
- A Activities Related to Credit Intermediation typically needs a local business license, a federal EIN from the IRS, and industry-specific permits depending on the sector. Check with your city or county clerk for a general business license, your state's professional or industry licensing board for any required occupational licenses, and your state's tax authority for a sales tax permit if you sell taxable goods or services.
- How do I register a Activities Related to Credit Intermediation business in the United States?
- To register a Activities Related to Credit Intermediation business, first choose your legal structure: sole proprietorship (simplest, uses SSN), LLC (personal liability protection, files with your Secretary of State), or corporation (Form 1120 or 1120-S). Register your business name (DBA) with your county if operating under a trade name. Obtain an EIN from the IRS at irs.gov/ein. Register with your state revenue department for any applicable taxes.
- What tax forms does a Activities Related to Credit Intermediation file with the IRS?
- Tax forms depend on your entity type. A sole proprietor files Schedule C with Form 1040 and Schedule SE for self-employment tax (15.3%). An LLC taxed as a partnership files Form 1065 with Schedule K-1s. A C-Corporation files Form 1120 (21% flat rate). An S-Corporation files Form 1120-S. All businesses paying employees file Form 940 (FUTA) annually and Form 941 quarterly. Estimated tax payments are made via Form 1040-ES four times per year.
- Is Activities Related to Credit Intermediation the right NAICS code for my business?
- Your NAICS code should reflect your primary business activity — the one generating the most revenue or value. If Activities Related to Credit Intermediation describes your main line of business, NAICS 5223 is likely correct. If you have multiple distinct activities, you may need separate codes for statistical reporting. For federal contracting, your SAM.gov registration should use the code that best matches the work you perform. Review the official NAICS 5223 description and exclusions to confirm it fits your operations.
- Does a Activities Related to Credit Intermediation need professional liability (E&O) insurance?
- Most financial services professionals carry Errors & Omissions (E&O) insurance, which is often a regulatory or contractual requirement. State insurance producer licensing typically requires E&O. Broker-dealers must maintain fidelity bond coverage. Accountants and tax preparers should carry E&O to protect against client claims of negligence. Typical limits range from $1M-$5M depending on client type and exposure.
- What continuing education does a Activities Related to Credit Intermediation need to maintain licensing?
- Continuing requirements vary by profession. FINRA registered representatives complete annual Regulatory Element training plus firm-specific Firm Element. Insurance producers complete 24 CE hours biennially in most states (including 3 hours ethics). CPAs meet state board CPE requirements (typically 80 hours over 2 years). Mortgage loan originators complete 8 hours NMLS-approved CE annually. Series 65/IARs meet state-specific CE. Failure to complete CE results in license suspension.
- What privacy and data security rules does a Activities Related to Credit Intermediation need to follow?
- The Gramm-Leach-Bliley Act (GLBA) Safeguards Rule requires financial institutions to implement a written information security program, designate a qualified individual to oversee it, conduct risk assessments, encrypt customer information, and regularly test controls. SEC Regulation S-P requires broker-dealers and investment advisers to deliver annual privacy notices. State data breach notification laws (all 50 states) require notification within 30-90 days of discovering a breach involving personal information.
- How does a Activities Related to Credit Intermediation register as a tax return preparer with the IRS?
- Anyone preparing federal tax returns for compensation must obtain a PTIN (Preparer Tax Identification Number) from the IRS, renewed annually. To e-file returns, you must apply for an EFIN (Electronic Filing Identification Number) and pass a suitability check (tax compliance, criminal background, credit check). CPAs, attorneys, and Enrolled Agents have unlimited representation rights before the IRS. Non-credentialed preparers are limited under IRS Circular 230.