The accounting industry is rapidly changing. While staying on top of new tax laws is already a feat, the introduction of new technology with AI is challenging the industry like never before. These issues, paired with difficulties communicating with the IRS and a downward trend in finding talent, has accountants pushing forward and hoping for the best. Recently, a group of … [Read more...] about Industry Focus
Eide Bailly
Business FirstCybersecurity and Protecting Business
Businesses have come a long way in regard to technology. The digital era has changed the modern workplace and with those changes come new concerns for security. High quality, fireproof filing cabinets and locked doors no longer provide sufficient protection for company data. Businesses now must consider the real threat of cybercriminals and the impact that breached data could … [Read more...] about Business First
Industry FocusCPAs
The public accounting industry is one under fire. From significant staffing shortages, constant changes in legislation and a lack of support from the Internal Revenue Service (IRS), a career in accounting is not for the faint of heart. Recently, CPA executives met at a roundtable to discuss the many challenges they face as an industry and the solutions they have implemented to … [Read more...] about Industry Focus
Industry FocusCPAs
Frequently named as the most trusted profession by business owners, leaders in the certified public accountant (CPA) industry have had their work cut out for them in 2021. From navigating complex issues arising from the COVID pandemic to dealing with ever-changing rules from the Federal government, CPAs are working to remain flexible and available for their clients. … [Read more...] about Industry Focus
Employee Retention Credit
Rewind back to March 2020, panic swept through Nevada and many business owners were required under a government order to shut their doors and send their employees home. In response, then-President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) providing two mutually exclusive incentives – the Paycheck Protection Program (PPP) and the Employee … [Read more...] about Employee Retention Credit
Mining for TaxesRaising State Revenues in Nevada
It is well known that any debate in the Nevada Legislature over raising mining taxes has been a controversial topic since prospectors first struck gold in the 19th century. Previous efforts to raise the tax or reduce the ability of companies to deduct net proceeds have come up short. Opponents have argued successfully that any increase in the tax rate would severely … [Read more...] about Mining for Taxes
Cyber SecurityKeeping Your Business Safe
An issue that will only become more prevalent moving into the future, cybersecurity is something that affects everyone. From the grandfather that sends his social security check to a “prince” in Nigeria, to the CEO who finds her proprietary data held hostage by a cyber thief, no one is immune to online threats and scams. Business owners need to be especially careful as they … [Read more...] about Cyber Security
Industry FocusCPAs
Accountants are among the most respected professionals in Nevada for their expertise and steady guidance. As businesses face turbulent times, this industry is working hard to stay on top of changing tax laws and implications for businesses with some of the new grants and loans available. Recently, CPA executives from across the state came together for a virtual … [Read more...] about Industry Focus
What Is Unclaimed Property and Why Should You Care?
Most businesses, whether they know it or not, have the potential to generate unclaimed property and the associated obligations that come with it. What is Unclaimed Property? Unclaimed property is any financial asset that has been abandoned or unclaimed by the rightful owner for a specific period of time. Examples include: Bank accounts and contents of safe deposit … [Read more...] about What Is Unclaimed Property and Why Should You Care?
Power PollNevada: Under New Management
After the November 2018 election, Nevada saw a regime change in Carson City. The Silver State has a new governor and legislators, several of whom are inexperienced. This has led to a difficult legislative session which, many have said, has been more contentious than is typical. “We’re way behind,” explained Senator Keith Pickard, a republican member of the Nevada Senate … [Read more...] about Power Poll
Industry Focus: CPAs
An asset to any business, CPAs and accountants have a multitude of challenges when it comes to staying on top of new laws and advising their clients. Recently, executives representing this industry met at the Las Vegas office of City National Bank to talk about the changes they’ve seen recently and what is on the horizon. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus: CPAs
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
JW Advisors, Bryce Wisan to Join Eide Bailly
LAS VEGAS — Regional certified public accounting and business advisory firm Eide Bailly LLP’s presence in Las Vegas is growing this month with the addition of consulting firm JW Advisors and CPA Bryce Wisan. “There’s immense talent in Las Vegas, and we’re fortunate enough to welcome these well-known, respected professionals to Eide Bailly,” said Dave Stende, Eide Bailly … [Read more...] about JW Advisors, Bryce Wisan to Join Eide Bailly