Business Owners

September 14, 2011 From the IRS NewsWire, issue IR-2011-93 WASHINGTON — The Internal Revenue Service today issued guidance designed to clarify the tax treatment of employer-provided cell phones. The guidance relates to a provision in the Small Business Jobs Act of 2010, enacted last fall, that removed cell phones from the definition of ...

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 It takes a village to run a business.  And by "village" I mean if you're a business owner in Nevada, chances are you'll run across the Secretary of State, the Department of Taxation, the IRS, and the city and county business license bureaus, among many others.  Are you aware there are organizations like SCORE and the Small Business ...

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 When you're applying for a loan, opening a bank account, or doing business with a vendor, you're often asked whether your company is in good standing.  Sometimes, you'll receive a notice in the mail saying your entity is in default but the notice doesn't exactly look official and you aren't sure. How can you find out whether your ent...

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PRESS RELEASE:  On September 8, 2011, the Nevada Secretary of State revoked the corporate status of over 400 businesses whose registered agent, Power Point Management, Ltd., failed to respond to requests for information from the Secretary's office.  If you used Power Point Management as your registered agent, and your own address was...

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PRESS RELEASE: If you formed a Nevada entity as a shell corporation or in order to evade taxes, launder money, or violate securities laws, Nevada Secretary of State Ross Miller and his newly-appointed Corporate Ownership Fraud Task Force are coming for you.  The Secretary's office is working closely with the IRS to fight these fraudulent activ...

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Today the Nevada Secretary of State issued a press release warning companies about fraudulent solicitations from companies offering to update your entity and requesting filing fees.  Because many of these solicitations include official forms downloaded from the Secretary of State website, they appear to be official, though they're not.  O...

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 The Nevada Secretary of State recently discovered that it's losing tens of millions of dollars in license revenue because businesses have been improperly claiming the home-based business exemption from the state business license requirement.   Essentially, if you own and operate a home-based business that generates less than $27,000 a y...

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Reason #1: Leases are landlord-favored.  They're written by the landlord. This means every provision the landlord could skew his way, will be so skewed. Reason #2: For accuracy.  They're such voluminous documents that often the landlord or property management company doesn't carefully change all the required information to reflect your l...

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