Taxes in Nevada vs California and How They Affect You

We always hear that the tax structure in Nevada is more favorable than the tax structure in California, but what exactly does that mean? Let’s examine this in detail. BUSINESS TAXES In California, C-corporations are taxed at a rate of 8.84% on the net taxable income, with the minimum tax being $800. This rate is[…]

List of expenses that are deductible for businesses

If you own a business, it is important to know what expenses can be deducted against your income to minimize the income tax you pay. This is a list of the most common allowable items. All expenditures must be supported by a receipt and proof of payments. These apply only to businesses and not to[…]

Now Is The Time to Plan for Tax Time

Published in the Expert’s Corner of the Las Vegas Business Press by Kim Walker I believe that most certified public accountants expected comprehensive tax reform legislation sometime in 2017. Here we are at the end of the summer with not much hope in sight. We may possibly have a tax rate reduction but this might[…]