If there is anything that can strike terror in the hearts of most taxpayers, it’s a tax audit. While it is important to take a tax audit notice seriously, you shouldn’t panic. The Nevada Society of CPAs answers some questions people frequently ask regarding tax audits. What Can I Do to Avoid Being Audited? There is nothing you can do to guarantee you will not be audited. … [Read more...] about The Dreaded Tax Audit: FAQ’s
Western Alliance Bancorporation: Expanding in Nevada Through Mergers
It’s not often that a business can more than double its locations in just one month. By the time 2006 was only one month old, that’s exactly what Western Alliance Bancorporation had done. Western Alliance, the regional bank holding company for BankWest of Nevada, announced two separate mergers for its company. It would acquire Intermountain First Bancorp, the holding company … [Read more...] about Western Alliance Bancorporation: Expanding in Nevada Through Mergers
April 2006: Building Nevada Briefs
Equastone Buys Office Building Equastone, a real estate investment firm with offices in California, Arizona and Colorado, recently announced its acquisition of 330 South Third St. in Las Vegas for $9.3 million. The structure is an 11-story, 70,000-square-foot, Class B office building located in the office district of the downtown area. It was approximately 64 percent occupied … [Read more...] about April 2006: Building Nevada Briefs
Life on the Fast Track: Agencies Strive to Keep Up with Growth
Government officials who handle the approval process for Nevada’s booming commercial real estate sector know they are in a race. In a sense, the race is a marathon because there is much to accomplish, but it is also a sprint, because speed is vital. Their agencies, especially in the Las Vegas and Reno areas where the commercial growth is strongest, face deadlines and … [Read more...] about Life on the Fast Track: Agencies Strive to Keep Up with Growth
April 2006: Business Indicators
Nevada continues along a robust expansion path, continuing to outdistance the U.S. economy. Job growth in the Silver State remains strong, up 5.8, 7.0 and 3.3 percent, respectively, for Nevada, Las Vegas and Reno on a year-over-year basis. This compares favorably to U.S. job-growth of 1.6 percent. Moreover, this record of superior Nevada job-growth performance has held since … [Read more...] about April 2006: Business Indicators
April 2006: Business Up Front
Test Your OSHA Vocabulary For Occupational Safety and Health Administration (OSHA) regulations, a common term like "apron" can mean something else entirely. According to construction industry regulation 1926.606, under Subpart O: Motor Vehicles, Mechanized Equipment and Marine Operations, an apron is "the area along the waterfront edge of the pier or wharf." Here are … [Read more...] about April 2006: Business Up Front
Tax and Spending Control: Good for the Business Community
The TASC (Tax and Spending Control) initiative petition now being circulated is being supported by a broad-based coalition of voters looking for a way to control the growth of government. It would limit increases in state spending to the total of population growth, plus the rate of inflation. For example, if the state population grows 3 percent and the inflation rate is 2 … [Read more...] about Tax and Spending Control: Good for the Business Community
Food Bank of Northern Nevada: Helping Feed the Hungry
Nearly 200,000 Nevadans – the number it takes to fill the Sam Boyd Stadium five times – live without enough food for a healthy, active lifestyle. More than one-third of them go hungry. The Food Bank of Northern Nevada has worked 25 years to eradicate this problem in the state’s northern region. "We’ve distributed about 50 million pounds of food since we started, and we still … [Read more...] about Food Bank of Northern Nevada: Helping Feed the Hungry
Learning to Let Go: Finding Entrepreneurial Success
Business is business, no matter where you find yourself. And while local laws, customers and sales environments may vary depending on your location, if you master the fundamentals of running a business you will find success, regardless whether you work in Nevada or Indonesia. The key to owning and operating a profitable business is to design your enterprise so it works without … [Read more...] about Learning to Let Go: Finding Entrepreneurial Success
April 2006: Face to Face
Name: Todd Nigro Title: President Company: Nigro Development LLC Location: Las Vegas Years in Nevada: 37 Years with Firm: 14 Type of Business: Real estate development company Biggest Business Challenge: The transition plan from our father to my brother and myself for estate and future planning took about three years and was completed in 2000. At that … [Read more...] about April 2006: Face to Face
Politicians’ Ethical Dilemmas: Who’s Really to Blame?
It’s getting so you can’t read a newspaper or turn on a television newscast without seeing a story about a politician involved in an ethical dilemma or a conflict of interest charge. From Clark County commissioners to the county recorder to school board trustees, our elected officials seem to be long on ambition and short on moral fiber. Are we being besieged with a new crop … [Read more...] about Politicians’ Ethical Dilemmas: Who’s Really to Blame?
April 2006: Nevada Briefs
AES Industries Locates in Wabuska AES Industries has purchased a vacant 63,000-square-foot plastics manufacturing plant in Wabuska, and will manufacture and distribute frames and supports for roof-mounted HVAC systems. The facility will bring 50 to 75 new jobs to this community just north of Yerington, which will have a significant economic impact for Mason Valley and Lyon … [Read more...] about April 2006: Nevada Briefs
Learn from Past Mistakes and Failures: Or Prepare to Repeat Them
Tasks that should be easy often fail to accomplish the desired results or outcomes, leaving organizations wondering what happened. Can’t we learn from our mistakes or the mistakes of others to avoid problems that impact productivity, effectiveness, profitability and employee morale? When something does go well, how do we capture the details of the accomplishment and apply them … [Read more...] about Learn from Past Mistakes and Failures: Or Prepare to Repeat Them
Non-Competition Agreements: How to Avoid the Pitfalls
Many companies face the problem of how to protect themselves from a key employee defecting to competitors with customer lists and other confidential information. One way to address this situation is to require employees to sign a non-competition agreement. A non-competition agreement is essentially a contract between an employer and an employee that states that when the … [Read more...] about Non-Competition Agreements: How to Avoid the Pitfalls
Changing Congress’ Earmark Policy: Let’s Make Congress Accountable
Question: "Do changes need to be made to Congress’ earmark policy? If so, what changes do you recommend?" Federal spending in Washington, D.C. is out of control, and American taxpayers are footing the bill. The spending problem is driven in part by a process known as "earmarking." If you are unfamiliar with what an earmark is or how the process works, you are not alone. … [Read more...] about Changing Congress’ Earmark Policy: Let’s Make Congress Accountable