A Key Definition in the Margin-Tax Scheme Would Have Catastrophic Impact

Much ado has been made, and will continue to be made, about what is the most important question on Nevada’s 2014 ballot. But one critical aspect of the state teacher union’s proposal to enact a business margin tax has gone virtually unnoticed: the definition of an “affiliated group.” For the non-accountant, this might sound like… [More…]

Foundation Raising Funds for Veterans Memorial in Downtown Las Vegas

A local foundation is raising money to build a “world-class” veterans memorial in downtown Las Vegas. The Las Vegas Veterans Memorial Foundation is seeking $2.2 million through its Brick Campaign, where bricks are being sold at a range of $250 to $550. All bricks can be purchased in honor of a veteran and customized with the… [More…]

Chamber to present ‘The Margin Tax Initiative: What It Means For Your Business’ at June 10 breakfast

Spokesperson for the Coalition to Defeat the Margin Tax Initiative, to present “The Margin Tax Initiative: What It Means For Your Business."

Griffin of Coalition to Defeat the Margin Tax Initiative to present HENDERSON, Nev. – For the Henderson Chamber of Commerce’s June network breakfast Tuesday, June 10, Karen Griffin, spokesperson for the Coalition to Defeat the Margin Tax Initiative, will present “The Margin Tax Initiative: What It Means For Your Business.” Sponsored by Hansen Networks, the breakfast… [More…]

May 2014: Around the State

Coalition Releases Job Impact Memo on Margin Tax Initiative The Coalition to Defeat the Margin Tax Initiative (CDMTI) has completed an analysis of the potential employment impacts of Question 3, the Margin Tax Initiative, which will appear on November’s ballot. According to their research, the tax burden for businesses would increase by approximately $700 million.… [More…]

First Hospice and Palliative Medicine Fellowship Program Coming to Nevada

Nevada’s first osteopathic fellowship program has the green light. The American Osteopathic Association approved Nathan Adelson Hospice for a Hospice and Palliative Medicine Program. The program is a collaboration between the hospice and Touro University Nevada. This is a first-of-its-kind fellowship in Nevada and one of only 11 in the nation, according to a recent statement… [More…]

One Queensridge Place Shares Benefits of Doing Business in Nevada

The bottom line is that residents of Nevada pocket more earned income than in California.

With the deadline to file federal taxes upon us, we thought it’d be interesting to compare all of the ways in which residency in Nevada is more cost efficient over California for everything from state taxes, real estate prices and the ongoing expenses of owning a business. The bottom line is that residents of Nevada pocket more… [More…]

Margins Tax Initiative: A Look at the Details

Running a business is no small feat in today’s economic environment. The negative impact of declining tax revenues from America’s businesses and citizens has been felt in local communities. These falling revenues are resulting in unprecedented steps being taken by municipality after municipality across the country. Closer to home, the example of North Las Vegas’… [More…]

Profit and Loss Statements: Sounds Simple. Is It?

Profit and loss statements are a great tool to monitor the profitability and health of a company. At first glance they seem fairly simple; however, there are some important things to remember when working with these statements. There is real life, and there are taxes. They look alike but one is an orange and the… [More…]

McGladrey Continues to Grow Gaming Practice in Las Vegas

McGladrey LLP recently announced that Kim McCabe has joined the firm as a director in the risk advisory services consulting group.

Las Vegas – McGladrey LLP, the nation’s leading provider of assurance, tax and consulting services focused on the middle market, recently announced that Kim McCabe has joined the firm as a director in the risk advisory services consulting group. In this role, McCabe will work closely with gaming and hospitality clients to develop a deep understanding… [More…]

Muckel Anderson CPAs Hires New Associates

(Reno, Nevada) – Muckel Anderson CPAs, a full-service tax, audit and financial services firm, is pleased to announce the addition of three new associates to its team of accounting professionals. Courtney R. Bradley, Elodia Herrera and Danny Luu bring experience and energy to their roles focusing on client returns, audit work and providing a reliable… [More…]

Taxpayers Lose Big: Lawmakers Impose New Burdens

Nevada Gov. Sandoval and legislators passed numerous tax increases while pretending that they didn’t raise taxes.

Three years ago, both Brian Sandoval and Rory Reid ran for governor on a “no new taxes” platform. Last year, voters in five Nevada counties rejected six efforts to raise taxes — even though Barack Obama was at the top of the ticket, driving liberal voter turnout. Given the clear will of the voters throughout… [More…]

How We Stack Up: Ranking Nevada

Although economic indicators seem to be moving up, Nevada is still plagued with ongoing social problems like the quality of education systems.

The Nevada economy is showing more positive signs in 2013 than it did last year, especially in critical indicators like unemployment and housing.  While many Nevadans still fear that the light at the end of the tunnel may be an oncoming train, there are hopeful signs that travel and tourism are gradually rebounding, more Nevadans… [More…]

Getting It Done: The 2013 Legislative Session

Getting It Done: The 2013 Legislative Session

The 77th regular legislative session starts in Carson City on February 4, 2013. What major issues will be coming down the pipeline in 2013? How will issues discussed and laws passed in the upcoming session affect Nevada in the future? What part will a freshman Legislature play and what challenges will lawmakers face? The Budget… [More…]