Has your company registered for the Commerce Tax? If so, you’ve obeyed the law, but you’ve also put yourself at risk unnecessarily. This tax was passed by the 2015 Legislature, supposedly to help fund education, and it applies to every company doing business in Nevada whose gross receipts are $4 million or more. However, every single business in Nevada, regardless of whether … [Read more...] about Intrusive and Unnecessary: Commerce Tax Registration
Archives for February 2017
Banking on Nevada: Stronger + in Recovery Mode
For City National Bank, 2016 was one of its best years since the economic downturn. Today, with $47 billion in assets, its financials are more robust overall, profitability is improved, topline revenues are increasing and its number of clients is up, said Scott Aney, Nevada regional executive. In fact, in December, executives signed a 10-year lease extension for City National’s … [Read more...] about Banking on Nevada: Stronger + in Recovery Mode
Help Wanted: Fortune-teller
Planning for Business Taxes in 2017 Although Nevada has one of the most business-friendly tax environments in the U.S., business owners still have to contend with (and plan for) local, state and federal taxation. In addition, planning for taxes in 2017 is a task made much harder due to recent political and legislative changes. Not only is President Trump’s proposed tax reform … [Read more...] about Help Wanted: Fortune-teller
Industry Focus: Insurance
Changes are occurring in many aspects of insurance including auto liability, construction-defect and, most notably, health insurance. While it may be a time of transition for insurance brokers and carriers, industry leaders are hopeful that stability will quickly follow. Recently, insurance executives met at the the Las Vegas offices of City National Bank to discuss new … [Read more...] about Industry Focus: Insurance
Around the State: February 2017
Las Vegas Breaks Tourism Record According to data compiled by the Las Vegas Convention and Visitors Authority, Las Vegas has broken the city’s all-time record of visitation growth with 42.9 million visitors in 2016. This is the third consecutive record-breaking year with 2015 seeing 42.3 million visitors. In addition, convention attendance also broke records in 2016 with 6.3 … [Read more...] about Around the State: February 2017
Then & Now: Clark County Bar Association
Ask a member of Clark County Bar Association (CCBA) why Southern Nevada attorneys should become members of the organization and the answers will span most of the benefits of membership. The one answer included every time: People. That answer comes in variations. But when networking, meeting colleagues, meeting judges, doing community service, volunteering on the Board of … [Read more...] about Then & Now: Clark County Bar Association
Welcome to Nevada: February 2017
Cimpress The producer of mass customized products is set to open its first US manufacturing operation in Reno with plans to hire up to 150 new employees to service more than 17,000 customers worldwide. The company produces for small and medium businesses, consumers, graphic designers and print sellers with a portfolio of more than 20 brands. Cimpress customizes more than 46 … [Read more...] about Welcome to Nevada: February 2017
History in the Making: The 79th Session of the Nevada Legislature
The historic result of the 2016 election ushers in a new set of challenges, opportunities, and unknowns for Nevada businesses at the federal and state levels. Here, at home, Nevada bucked the national trend and once again gave Democrats control of both houses of the legislature. The result is two new legislative majorities, along with a host of freshman chairs and freshman … [Read more...] about History in the Making: The 79th Session of the Nevada Legislature
Movers and Shakers: Matt Kershaw
President & CEO Clark County Credit Union (65 years in NV) Type of Business: Credit Union | Hails from: Sandy, Utah | 11 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My friend’s dad worked at a bank and helped me find a job when I was going to college. What is your pet peeve? The gobbling up of successful … [Read more...] about Movers and Shakers: Matt Kershaw
Federal Land Is About Control, Not Conservation
In the final months of his presidency, President Obama used his executive authority to place millions of acres of western lands “off limits” to development — and big-government environmentalists cheered the move. Certainly the protections put in place by declaring large swaths of western lands “protected” is a policy result that pleases the ecologically concerned — but … [Read more...] about Federal Land Is About Control, Not Conservation
Spending Power: Nevada’s Retail Market
With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
Red Report: February 2017
E Sale, Land ADDRESS 2214 N. Pecos Rd., 89115 BUYER Oxford Investment Partners SELLER Brian J. Horner DETAILS 3.88 acres; $250,000 APN 140-19-101-015 BUYER’S REP Matthew Feustel of Virtus Commercial Loan, Motel ADDRESS 4288 N. Nellis Blvd., 89115 LOAN OFFICER David Blum of NorthMarq Capital DETAILS NorthMarq Capital negotiated the $3 million refinance of La Quinta … [Read more...] about Red Report: February 2017
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
February 2017: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 increased at a 3.5 percent annualized rate. The surprising upswing of real GDP in the third quarter reflects a surge in agricultural (soybean) exports and a rebound in business inventories. The consumer price index also showed the largest jump in two years at 1.7 percent. November housing starts fell … [Read more...] about February 2017: Business Indicators
What Is Your Favorite Recreational Place in Nevada?
“The walkways in Peccole Ranch are endless. I love to take walks with my daughter along the beautifully landscaped pathways that circle behind the homes of Peccole Ranch in Summerlin. It’s so peaceful.” Dave Dworkin | Operations Manager, Avision Young “My favorite recreational place in Nevada is Mt. Rose Ski Resort. It’s just minutes from Reno, has the best snow and the … [Read more...] about What Is Your Favorite Recreational Place in Nevada?