Taxes

Nevada Consumer Use and Sales Tax Returns

Nevada Consumer Use and Sales Tax Returns

If you’re doing business in Nevada, you have to register with the Nevada Department of Taxation for either a sales tax permit or a use tax permit.  If you’re selling tangible goods, you’ll need a sales tax permit. If you aren’t, like many service providers, you’ll need a consumer use tax permit. With a sales […]

Read more

What’s Wrong with the Margin Tax? – UPDATE

What’s Wrong with the Margin Tax? – UPDATE

UPDATE: November 4, 2014 Thankfully, the voters SOUNDLY defeated the Margin Tax aka “The Education Initiative.”  This means we business owners can breathe a collective sigh of relief that we won’t have our revenues taxed regardless of whether we’re operating in the red, and that we can continue to enjoy the economic recovery without getting […]

Read more

Nevada DETR Audits – What You Need to Know

Have you received an audit notice from the Nevada Department of Employment, Training, and Rehabilitation (DETR)?  Try not to panic.  Here’s what you should know: The purpose of the audit is to verify that the numbers reported to DETR match the numbers in your books.  The letter you received lists a bunch of documents the auditor […]

Read more

How to Start a Business in Las Vegas – Video Series

How to Start a Business in Las Vegas – Video Series

I’m Gina Bongiovi. I’m a lawyer who works with startups and small businesses. Whether you’re in the startup phase or whether you just have an idea rolling around in your head you might want to turn in to a business one day, you need to know how to start a business in Las Vegas. If […]

Read more

Burdensome 1099 Rule Repealed

Last year I wrote about a rule buried deep within the cavernous provisions of the healthcare reform act which would have required small businesses to file 1099 forms for every purchase over $600.  Small business owners across the nation could be heard grumbling about the provision, which would have placed an additional administrative burden on […]

Read more

Nevada Tax Amnesty Starting July 1, 2010

Nevada Tax Amnesty Starting July 1, 2010

By Guest Blogger Rich Vallari Southwest Sales Tax Solutions (702) 233-0049 Nevada Governor Jim Gibbons has approved a tax amnesty program that will be effective from July 1, 2010 to September 30, 2010. Specific rules regarding the amnesty program have not yet been announced, but are expected soon. In general, tax amnesty programs encourage people to file […]

Read more

New 1099 Rules for Businesses

New 1099 Rules for Businesses

Many businesses are familiar with the method of reporting payments to independent contractors to the IRS.  Request a W-9 form from the contractor, keep track of how much you pay them, and any contractor who receives more than $600 in a year gets a 1099-MISC form from the company.  Easy, right? Now imagine you have […]

Read more

IRS to Increase Focus on Self-Employeds

IRS to Increase Focus on Self-Employeds

By Guest Blogger Reg Baker, CPA (702) 360-2823 If you are self-employed; beware! The Internal Revenue Service plans to increase audits of the self-employed by checking for unreported or understated income during correspondence audits. Estimates by the IRS show that at least $68 billion of the tax gap (tax gap is defined as the difference […]

Read more

Nevada Use Tax – Are You at Risk?

By Guest Blogger Rich Vallari Southwest Sales Tax Solutions (702) 283-4686 Nevada Use Tax may be an area of exposure for individuals and businesses that purchase goods from out of state. Nevada Use Tax is imposed upon property purchased for storage, use or consumption within Nevada. As a corollary to Nevada Sales Tax, Nevada Use […]

Read more