It seems like just yesterday that Nevada was the land of opportunity—the fastest growing state in the nation, with one of the healthiest economies. But the recession has created a vacuum that has given Nevada the highest unemployment rate in the country; at 14.3 percent in November, our rate was 2 points higher than even woebegone Michigan. The Silver State is officially the … [Read more...] about Work in Progress: An Update on Employment in Nevada
Archives for February 2011
The official results of the 2010 Census brought good news for Nevada. Because of our rapid population growth between 2000 and 2010, we have been allotted a fourth congressional seat, giving us more clout in Congress as well as another vote in the Electoral College. But before all that happens, the Nevada Legislature has to redraw the lines of the three existing districts to … [Read more...] about Caution: Gerrymandering Ahead
Although filing for bankruptcy could have made debtors instant pariahs some years ago, the process has lost most of its social stigma during the current recession as bankruptcy has become an almost ubiquitous solution to today’s financial woes. The total number of personal and business filings in Nevada rose sharply from 5,542 in 2006 to 10,951 in 2007, to 18,709 in 2008, to … [Read more...] about Business Bankruptcy: Understanding the “Worst Case Scenario”
Nevada Tops Nation for Expending Energy Stimulus Funds According to the National Association of State Energy Officials, Nevada ranks number one in the U.S. for the percentage of Energy Efficiency and Conservation Block Grant funds expended with 91 percent. Kentucky is second at 59 percent and the national average stands at 18 percent. Nevada received $9,593,500 from the … [Read more...] about February 2011: Around the State
Every company needs a business plan. Without a clear set of goals, a business won’t know what to aim for or whether it has achieved success. Similarly, Nevada conservatives and libertarians need clear goals heading into the 2011 legislative session. The following should top their list: Control taxes by controlling spending. Worried about what higher taxes — specifically a … [Read more...] about Priorities for the 2011 Nevada Legislative Session: Control spending, reform budgeting, transparency and education reform top the list
About 80 percent of businesses use a tax professional to keep their books in order. For the sole proprietor or the largest corporation, record maintenance can be tedious but also valuable as keeping good records can actually save a company money. On the subject of finances and saving money, three new tax laws were enacted in 2010 and many of the provisions in them are … [Read more...] about Tax Season: Things to Know from the IRS
The multi-family segment has taken a pounding along with the rest of the real estate industry. But the good news, say those who know, is that the worst is probably over, and the climb – slow but steady – back to recovery has already begun. Multi-family properties remain a good investment, although investors hoping to scoop them up for a song may well be disappointed. Rents … [Read more...] about Multi-family Housing: More Renters in the Recession?
President Las Vegas Number of Employees: 14 Years in Nevada: 15 Years with Company: 10 What inspired you to get into your industry? I actually got into the payroll industry when I was selling long distance services toward the beginning of my career. My manager moved to a national payroll services company and I wanted to continue working with him so I went … [Read more...] about Kimberly Miles: The Payroll Company
Las Vegas The Las Vegas Valley industrial market continued to weaken as pricing declined among an increase in vacancies. The vacancy rate edged upward to 16.9 percent as 417,700 square feet of negative net absorption was reported during the quarter. For comparison purposes, the vacancy rate is up 0.4 percentage points from the previous quarter (Q3 2010) and up 2.4 percent … [Read more...] about Industrial Summary: Fourth Quarter 2010
The U.S. economy continues a slow and uneven pace of recovery from its deepest recession since the Great Depression. Estimated growth of real GDP was 2.5 percent at an annualized rate for third quarter 2010—stronger than the 1.7 percent figure for second quarter 2010. U.S. nonfarm employment rose by a moderate 103,000 jobs (seasonally adjusted) in December, marking the third … [Read more...] about February 2011: Business Indicators
“My favorite Mobile App is ‘Visible Vote’ - it is a non-partisan app that allows you to vote on issues and bills. It sends the votes to your elected officials. It also shows you how they voted, their approval rating, and how your votes coincide with theirs. It is very interesting, educational, and informative.” Valerie J. Clark, BSN, RHU, LUTCF • President, Clark & … [Read more...] about What is your favorite mobile app?
Nevada’s accounting industry is facing a myriad of changes in the near future. From new regulations and licensing policies to changes in the way business is being done, the rules have changed for CPA’s. Recently, executives representing this industry met at Holland & Hart’s Las Vegas office to discuss these and other industry challenges. Connie Brennan, publisher of … [Read more...] about Industry Focus: Accountants