Category Archives: Nevada

2021 State Business Tax Climate Index: Bring Me the Usual Suspects!

Posted on November 3, 2020 by Russ

Every year the Tax Foundation publishes its State Business Tax Climate Index. As they state, they look at how each state taxes, not on the how much. Per usual, the names at the top and the bottom haven’t changed much. … Continue reading →

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Bozo Tax Tip #7: Nevada Corporations

Posted on July 6, 2020 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

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2020 Best States for Business: Bring Me (mostly) the Usual Suspects

Posted on June 18, 2020 by Russ

Chief Executive magazine does a survey every year of the best and worst states for business. This isn’t just a list about taxes, but includes other factors; still, it’s a good survey of what business executives look at. The top … Continue reading →

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We’re Number One!

Posted on March 15, 2020 by Russ

I think we can all use a little levity right now, and in the email was a study from IPX1031 about where the biggest tax procrastinators are. Not surprisingly to me, it’s fabulous Las Vegas–my home. A friend of mine … Continue reading →

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The 2020 State Business Tax Climate Index: The Usual Laggards, but Some New Faces on Top

Posted on October 24, 2019 by Russ

The Tax Foundation released its annual State Business Tax Climate Index. There weren’t many surprises with the best states: 1. Wyoming 2. South Dakota 3. Alaska 4. Florida 5. Montana 6. New Hampshire 7. Nevada 8. Oregon 9. Utah 10. … Continue reading →

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Nevada Wises Up on Exempt Commerce Tax Companies

Posted on June 25, 2019 by Russ

Nevada has a tax on businesses called the “Commerce Tax.” This tax impacts businesses with gross receipts of $4 million or more. If your Nevada business makes less than that, you don’t owe the tax. However, you still had to … Continue reading →

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Bozo Tax Tip #9: Nevada Corporations

Posted on April 2, 2019 by Russ

Actually, this isn’t that much of a Bozo Tax Tip. Nevada is a great state to have your business in. But the key is being in Nevada (or operating in multiple states and selecting Nevada as your corporate domicile). You … Continue reading →

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No Man Is an Island

Posted on March 11, 2019 by Russ

On Saturday a superb editorial appeared in the Providence Journal, “When Taxpayers Flee a State.” Here’s an excerpt: Despite its name, Rhode Island is not an island unto itself. People are free to come and go, including business executives who … Continue reading →

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Taxes No Longer the Top Reason for Businesses Leaving California

Posted on December 24, 2018 by Russ

California: Good News! Your taxes, tops in the country, are no longer the top reason businesses are leaving the Bronze Golden State. It’s not that taxes have improved; rather, your laws and regulatory climate have exceeded taxes as the reason … Continue reading →

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Should I Violate Federal Law or State Law?

Posted on August 28, 2018 by Russ

Suppose you have a federal license to perform your occupation in your state of residence. That license allowed you to do [whatever it is you do] anywhere in the United States. Now, further suppose your state legislature passed a law … Continue reading →

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