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
Fair Anderson & Langerman
A Little Foresight Goes a Long WaySuccession Planning in Nevada
No two succession plans are the same, but all of them have one thing in common – they require planning and usually years of it. “It’s really a matter of making sure everything is in place,” said Jeff Nyman, broker at First Choice Business Brokers. “[The goal] is that, when a buyer looks at that business or a family member looks at it, they are not going to say, ‘I have to … [Read more...] about A Little Foresight Goes a Long Way
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
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
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
Wealth Management: Setting and Obtaining Financial Goals
Short and long-term financial goals for CEOs, other executives and business owners might include buying a home, putting their children through college, retiring at a certain age or leaving a legacy, perhaps their business, to their heirs. It’s important for high net worth people to determine now what they’d like to achieve, develop a plan to reach their goals, write it down and … [Read more...] about Wealth Management: Setting and Obtaining Financial Goals
Tax Law Update: What the Changes Mean for Business
In December 2017, President Trump signed the most comprehensive tax reform bill since 1986. The Tax Cuts and Jobs Act of 2017 makes significant changes to the tax filings for individuals and businesses. For personal filings, the individual maximum tax rate has been reduced to 37 percent from 39.6 percent. At the same time, personal exemptions have been eliminated and the … [Read more...] about Tax Law Update: What the Changes Mean for Business
What is the Most Significant Change You Have Seen in Your Lifetime?
“I remember as a child getting a telephone. Our number was 779 and the operator connected you to the person you wanted to call. Fast forward 65 years and look where we are today. Technology has revolutionized how we communicate, how we interact, how we conduct business and how we live.” Shelley Berkley | CEO and Senior Provost, Touro University Nevada “The day the fax machine … [Read more...] about What is the Most Significant Change You Have Seen in Your Lifetime?
Industry Focus: Accountants
Certified public accountants (CPAs) in Nevada are experiencing an interesting shift in their industry as tax laws change and experienced professionals work to train a new generation. Recently, executives in the CPA industry met at the Las Vegas offices of City National Bank to discuss both the challenges and opportunities facing the industry. Tarah Richardson, … [Read more...] about Industry Focus: Accountants
Are You Optimistic That Our Legislators Will Work Together This Session?
“I am optimistic they will come together. Once the session commences, the realization usually sets in, that they were elected to do the people’s business and most understand that involves compromise.” Carole Vilardo | President, Nevada Taxpayers Association - “With internal leadership struggles appearing to now be behind us, policymakers can now get down to business and … [Read more...] about Are You Optimistic That Our Legislators Will Work Together This Session?
Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more...] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance's 'Engage Southern … [Read more...] about Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
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’ efforts to deal … [Read more...] about Margins Tax Initiative: A Look at the Details
Family Owned Businesses 2012: Finalists
The Family Owned Business Awards are an annual event honoring companies in Southern Nevada. The event is sponsored by Fair, Anderson & Langerman and hosted by Nevada Business Magazine. There are 10 categories and three finalists in each category. Click here to view the finalists. … [Read more...] about Family Owned Businesses 2012: Finalists
Tax Issues: Beyond the Numbers
Taxes are on a lot of people’s minds this time of year. Taxes mean grumbling and money out of pockets and coffers, whether an individual’s or a business’. But taxes also mean services, at all levels of government, from federal to local. In the stressed and struggling Nevada economy, as tax season threatens on the horizon, there are inevitable questions. Is Nevada still … [Read more...] about Tax Issues: Beyond the Numbers