Category Archives: Nevada

California at Bottom of Small Business Entrepreneurship Rankings

Posted on December 31, 2014 by Russ

While I was on vacation, the Small Business & Entrepreneurship Council released its 19th annual “Small Business Policy Index 2014: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.” (Hat Tip: Joe Kristan) The listing measures … Continue reading →

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Nevada Goes Deep Red

Posted on November 5, 2014 by Russ

Do you remember 1928? Well, that was the last time Nevada had a Republican governor, a Republican State Assembly, a Republican State Senate, and Republicans holding all major statewide offices. Well, 2015 will see that. As part of the tsunami … Continue reading →

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Happy Nevada Day, Especially If You’re a Performer at a Gentleman’s Club

Posted on October 31, 2014 by Russ

Today is Nevada Day! Exactly 150 years ago Nevada was admitted as a state. The Nevada Supreme Court yesterday ruled on a case that may make this day more celebratory for workers at adult entertainment facilities (strip clubs). Several performers … Continue reading →

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The 2015 State Business Tax Climate Index: Not Much Has Changed

Posted on October 28, 2014 by Russ

I guess I could have called this, “Bring me the usual suspects,” but I’ve been using that phrase over and over. Yet not much has changed, so the usual suspects have good tax climates and the usual suspects have bad … Continue reading →

Posted in California, Legislation, Nevada, New York | Tagged | 1 Comment

$1.25 Billion Attracts Tesla to Nevada

Posted on September 4, 2014 by Russ

As you likely heard, Tesla will be building its new “Gigafactory” at a site in Storey County near Reno in northern Nevada. What attracted Tesla to Reno? About $1.25 billion. Tesla get a 100% sales tax abatement for 20 years … Continue reading →

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Former US Attorney Forgets to File

Posted on September 1, 2014 by Russ

Back in the 1970s, Lawrence Semenza was the US Attorney for Nevada. In a 2007 article in the Las Vegas Review-Journal, Mr. Semenza commented about how different the job was back then. After Jimmy Carter was elected President, Mr. Semenza … Continue reading →

Posted in Nevada, Tax Evasion | Tagged | 1 Comment

Once Again, Bring Me the Usual Suspects: 2014 Small Business Tax Index

Posted on May 1, 2014 by Russ

The Small Business & Entrepreneurship Council recently released their “Small Business Tax Index 2014.” You may remember that last October I wrote about their “Small Business Policy Index 2013.” Congratulations are in order for my home state, the Silver State, … Continue reading →

Posted in California, Nevada | 1 Comment

Toyota Living Up to Their Slogan: They’re Going Places (to Texas from California)

Posted on April 28, 2014 by Russ

Toyota’s current slogan is “Let’s go places.” And they are–Toyota is leaving the Bronze Golden State and moving to the Lone Star State. While Toyota isn’t saying anything about why they might move roughly 5,000 employees from Torrance to Dallas, … Continue reading →

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Yes, Online Poker Players Must Pay Taxes

Posted on April 3, 2014 by Russ

The Las Vegas Review Journal has a short article on the fact that online poker players must pay taxes. The article notes that winning players must pay taxes; of course, both winners and losers are supposed to include their winning … Continue reading →

Posted in Gambling, Nevada | 1 Comment

Bozo Tax Tip #7: Ignoring California

Posted on April 3, 2014 by Russ

Yesterday I looked at the idea of forming a Nevada Corporation while in California and being able to avoid California taxes. It doesn’t work. Today’s focus is on something that comes up now and then and applies to trusts. Let’s … Continue reading →

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