Category Archives: Nevada

Bozo Tax Tip #8: Nevada Corporations

Posted on April 2, 2014 by Russ

A repeat follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing everything it can to … Continue reading →

Posted in California, Nevada | Tagged | 1 Comment

No Margin for Error

Posted on February 26, 2014 by Russ

Nevada is known for low taxes. It’s also known for subpar schools and relatively low teacher salaries. The Nevada State Education Association (aka the teachers union) decided that a solution to the problem of subpar schools was a tax on … Continue reading →

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Bring Me the Usual Suspects: Small Business Policy Index 2013

Posted on December 29, 2013 by Russ

The 18th annual Small Business Policy Index was released almost three weeks ago by the Small Business & Entrepreneurship Council. Congratulations are in order for my home state of Nevada; the Silver State ranked second (behind only South Dakota). Bringing … Continue reading →

Posted in California, Nevada, South Dakota | 2 Comments

Tax and Insurance Administration Are Different

Posted on December 18, 2013 by Russ

Jason Dinesen tweeted tonight about the insurance regulation report card issued by RStreet.org. On Monday, the Tax Foundation posted about the Council on State Taxation (COST) grading states on taxpayer administration. I thought it would be interesting to compare the … Continue reading →

Posted in California, Nevada, Virginia | Comments Off on Tax and Insurance Administration Are Different

When They Can’t Get You for the Real Crime, There’s Always Tax Evasion

Posted on October 17, 2013 by Russ

One of my clients a few days ago asked me jokingly–she’s been a client for years, so I know when she’s joking, “If I had a stream of illegal cash income, do I have to declare it on my tax … Continue reading →

Posted in Nevada, Tax Evasion | Comments Off on When They Can’t Get You for the Real Crime, There’s Always Tax Evasion

The 2014 State Business Tax Climate Index: Bring Me the Usual Suspects

Posted on October 9, 2013 by Russ

The Tax Foundation released its 2014 State Business Tax Climate Index. In what will shock few readers of this blog, the usual suspects remain at both the top and bottom of the list. First, let’s look at the top states–the … Continue reading →

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

California Is #1…For Highest Marginal Tax Rates for S-Corps

Posted on September 15, 2013 by Russ

The S-Corporation is a business structure that’s well liked by entrepreneurs. It allows for a flow-through entity, corporate protection, and (generally) favorable taxation. Of course, there are exceptions–in tax, there are always exceptions. The Tax Foundation has this wonderful map … Continue reading →

Posted in California, Nevada | 2 Comments

The Flow of AGI from One State to Another

Posted on July 20, 2013 by Russ

From watchdog.org comes an interesting interactive map showing how money has flowed from state to state. Back when I moved to Nevada from California, I noted this issue. Here’s yet more verification that this is real. The five biggest losers … Continue reading →

Posted in Arizona, California, Illinois, Nevada, New Jersey, New York, North Carolina, Ohio, Texas | 1 Comment

What Can Go Wrong? Nevada Democrats Want to Give Tax Breaks to Movie Industry

Posted on May 12, 2013 by Russ

The Nevada Democratic Party proposed a tax increase on entertainment venues. (It’s doomed, as both Republican Governor Brian Sandoval and Republicans in the state legislature are opposed to it.) To balance it out, Democrats in Carson City are now proposing … Continue reading →

Posted in Iowa, Michigan, Nevada | Tagged | 1 Comment

Bozo Tax Tip #2: Nevada Corporations

Posted on April 10, 2013 by Russ

A repeat follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing everything it can to … Continue reading →

Posted in California, Nevada | Tagged | 1 Comment