Great news, you are about to sell your home, investment real estate, closely held business or other real property at a large gain. Bad news, a large gain means a large tax liability. Since the beginning of time or the beginning of the income tax at least, taxpayers have wanted to defer their tax obligations. So how can you keep the tax man at bay? A seller’s options Sellers … [Read more...] about Keeping the Tax Man at Bay: Defer taxes via a structured sale
Nevada Department of Transportation Gets Creative
Transportation in Nevada has faced numerous challenges during the last several years. Rapid growth has contributed to congested highways, which degrades the economic vitality of a city as well as the quality of life for our residents and visitors. Highway revenue sources have not kept pace with inflation, high fuel prices have contributed to increases in road building materials … [Read more...] about Nevada Department of Transportation Gets Creative
Las Vegas Commercial Office Market: A market performance update and analysis
The Las Vegas commercial office market continues to be impacted by national instability as well as a local market that is facing its most significant supply-demand imbalance in recent history. At the national level, softening fundamentals and a financial market in crisis have slowed new business development to a crawl and put several business expansions on hold – a challenging … [Read more...] about Las Vegas Commercial Office Market: A market performance update and analysis
Taxation Without Justification: Property Owners Fight Back
Property owners across the state may question their assessments from time to time and may very well not agree with the stated value of their property, which determines the annual property tax owed. What happens when the county you live in arbitrarily institutes new assessment guidelines that substantially increase your assessed value? That is exactly what happened to some … [Read more...] about Taxation Without Justification: Property Owners Fight Back
Loan Workouts, A Strong Alternative
In our extremely challenging economic climate, many commercial borrowers are experiencing major difficulties in meeting outstanding loan obligations. With tightening credit markets and increasingly strict underwriting guidelines, refinancing existing debt or selling assets to a third party are not feasible options. In addition, it is extremely likely that the person with whom … [Read more...] about Loan Workouts, A Strong Alternative
Healthcare Checkup: Hospital Administrators Address Challenges
Healthcare, like every other industry in the state is undergoing substantial challenges. Serving the uninsured, dealing with regulations, collections, protecting itself from lawsuits and maintaining staff are not new challenges. Administrators and healthcare professionals have dealt with these issues for years, but the economic downturn has created even more challenges for … [Read more...] about Healthcare Checkup: Hospital Administrators Address Challenges
Healthcare Reform Gets Political: Expect increased oversight of the medical community
While the economy and budget shortfalls are sure to take center stage at the next session of the Nevada Legislature, not far behind will be healthcare reform. In the wake of one of Nevada’s worst medical disasters, the Hepatitis C scare at several Las Vegas endoscopy clinics, lawmakers will certainly be looking for ways to provide more oversight of the medical community … [Read more...] about Healthcare Reform Gets Political: Expect increased oversight of the medical community
Hiring a Tech Consultant: Advantages in a down economy
The current economic downturn has created worrisome waves in the business world pool. It seems no one is immune to the effects of the economic climate and many businesses are scrambling to maintain steady ground and find solutions during these uncertain times. While reports show thousands of lay-offs in various industries, ranging from the casino sector to real … [Read more...] about Hiring a Tech Consultant: Advantages in a down economy
November 2008: Business Indicators
More than two years after U.S. housing markets started rebalancing and a year after financial firms became bogged down in bad paper, markets concluded that the recovery failed to get traction. Financial firms were unable to correct their problems, resulting in credit markets failing to operate. In short, the Treasury and Fed failed to stem the tide. In the span of one week, … [Read more...] about November 2008: Business Indicators
Industrial Market Summary: Second Quarter 2008
Las Vegas The Las Vegas Valley’s industrial market experienced rising vacancies due to a slowdown in market demand. During the 2nd Quarter of 2008, the market posted 695,000 square feet of net absorption, bringing demand for the first half of 2008 to 1.3 million square feet. Inventory levels increased by 1.5 million square feet during the second quarter, while project … [Read more...] about Industrial Market Summary: Second Quarter 2008
David Hall, CPA: L.L. Bradford & Company
Tax Partner Las Vegas Number of Employees: 40 Years in Nevada: 12 Years with Company: 10 Describe your leadership style: My style is to educate people of their responsibilities and then step back and let them govern themselves. Biggest business challenge: Being able to continue meeting the ever increasing needs of our clients. Regulating agencies are … [Read more...] about David Hall, CPA: L.L. Bradford & Company
Industry Focus: Engineers
Recently, over a dozen of Nevada’s top engineers gathered at the office of Holland & Hart, LLP to discuss the state of the economy, collection challenges, the sustainable development and green building trends and predictions for 2009. Connie Brennan, publisher of Nevada Business, served as moderator for the monthly event that brings leaders together to discuss issues … [Read more...] about Industry Focus: Engineers
How would you rate the healthcare system in Nevada?
Jim Mace, Esq., Glaser, Fink, Jacobs, Weil & Shapiro, LLP We seem to have highs and lows in our healthcare system. We should be proud of the great strides made by the Nevada Cancer Institute and are fortunate to have many highly qualified and caring physicians in our state. However, parts of the system seem to be failing as evidenced by the endoscopy center debacle and … [Read more...] about How would you rate the healthcare system in Nevada?
November 2008: Nevada Briefs
DOE Announces Plans to Ship Nuclear Waste to Yucca Mountain The Department of Energy recently issued its official decision to ship nuclear waste along a railroad line it proposes to build from Caliente to Yucca Mountain. The department also formally confirmed it will open the rail line for business to ranchers and farmers when it is not in being utilized for nuclear … [Read more...] about November 2008: Nevada Briefs
A Depositors Due Diligence: A banks “safe and soundness” and FDIC
The FDIC’s take over of several banks this year has depositors concerned and in some cases panicked about the security of their funds. However, the FDIC sticker on the front window of your bank is not the only determinant of your banks financial resilience. “A depositors first consideration should be the ‘safe and soundness’ of their banking institution,” said Larry … [Read more...] about A Depositors Due Diligence: A banks “safe and soundness” and FDIC