Business Owners

The Nevada Secretary of State has contracted with a technology company to create a $4.5 million online portal that offers "one-stop shopping" to the business community.  When complete, this website promises to allow companies to conduct nearly all state and local government business through the Secretary of State's site (www.nvsos.gov).  Currently, to open a business in Las Vegas, one must contact several different offices located all o...

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By Guest Blogger Rich Vallari Southwest Sales Tax Solutions (702) 233-0049 Nevada Governor Jim Gibbons has approved a tax amnesty program that will be effective from July 1, 2010 to September 30, 2010. Specific rules regarding the amnesty program have not yet been announced, but are expected soon. In general, tax amnesty programs encourage people to file and to pay back taxes without incurring interest or penalties. In return, the ...

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 With the credit crisis, rolling over a 401(k) to fund a startup business is becoming an attractive option.  However, with anything that seems like a good idea involving the terms "tax-free" or "tax-deferred," the IRS is swooping in to make sure they're not missing out on any taxable revenue.   The proper procedure requires the entrepreneur to create a new entity with its own 401(k) plan and roll over existing 401(k) funds into ...

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Many businesses are familiar with the method of reporting payments to independent contractors to the IRS.  Request a W-9 form from the contractor, keep track of how much you pay them, and any contractor who receives more than $600 in a year gets a 1099-MISC form from the company.  Easy, right? Now imagine you have to apply that $600/year threshold to everyone you pay, including vendors, suppliers, and service providers.  Ridiculou...

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By Guest Blogger Eric Swenson, Managing Director of RSJ/Swenson, an HR and Management Consulting firm with offices in Las Vegas and Los Angeles.   When the phone rings at an HR consulting company late on a Friday afternoon, it’s usually not good news. A former client – the principal of a professional services firm in Henderson – was clearly exasperated.  “I want to fire my assistant right now.  She’s been late 11 times this mon...

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I recently attended one of my favorite networking events, the CEO-CFO Group.  The room is filled largely by other people who serve the same clients I do and every time I enter the room, I hug and shake hands with a bunch of people with whom I've developed relationships over the course of the last year and a half.   As I stood chatting with someone I hadn't seen in a few weeks, I was buzzed by a BCC - a business card collector. ...

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By Guest Blogger Rich Vallari Southwest Sales Tax Solutions (702) 283-4686 Nevada Use Tax may be an area of exposure for individuals and businesses that purchase goods from out of state. Nevada Use Tax is imposed upon property purchased for storage, use or consumption within Nevada. As a corollary to Nevada Sales Tax, Nevada Use Tax is imposed upon purchases from non-resident vendors and is intended to remove any incentive to avoid Nevada Sales...

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A new client will often present me with a thick file folder full of e-mails, faxes, letters, receipts, and handwritten notes, all in disarray.  One of the most time-consuming yet unproductive tasks I undertake is getting this kind of file into some logical order.  As the client, you know far more about the situation than your lawyer does or probably ever will.  The best way to help your lawyer understand all the nuance is to organi...

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