IRS Regulations Affect Compensation Plans The final IRS Section 409A regulations, which will become effective Jan.1, 2008, will impact hedge fund managers’ nonqualified compensation plans. The final regulations clarify several issues impacting fund managers, but subsequent guidance is still pending with respect to many issues. David Simonetti, senior manager in Grant … [Read more...] about October 2007: Business Up Front
Departments
Retail Market Summary: 2nd Quarter 2007
Las Vegas June 2007 retail employment was up 3.1 percent (3,000 jobs) from June 2006, according to the Nevada Department of Employment, Training and Rehabilitation. The largest contribution came from the General Merchandise & Clothing sector, with 1,100 jobs added followed by Health & Personal Care Stores sector, with 300 new jobs and Food & Beverage Stores sector, … [Read more...] about Retail Market Summary: 2nd Quarter 2007
October 2007: Face to Face
James Bennett President Chicago Title of Nevada Las Vegas Years in Nevada: 41 Years with Firm: 20 Type of business: Title and Escrow Company Biggest business challenge: Managing the company as the real estate industry expands and contracts. There is a responsibility to all employees to do the best possible job. What do you like best about your job? The … [Read more...] about October 2007: Face to Face
October 2007: Nevada Briefs
Deposit Alternative Company Established in Nevada The founder of one of Australia’s deposit bonding companies expanded its international reach by opening the first deposit bond firm, Deposit Alternative, in Las Vegas – the first of its kind in the United States. A deposit bond is a substitute for the cash deposit required when purchasing property, and can be issued for up to … [Read more...] about October 2007: Nevada Briefs
September 2007: Business Up Front
Poll Shows Good Deeds Often Go Unrewarded More than one-third of professionals recently polled by OfficeTeam said businesses are ineffective at rewarding their employees’ strong performance. Thirty percent of managers who were surveyed agreed. Here are some suggestions to effectively recognize staff: • Say thanks, either in writing or in person; • Give the gift of time, … [Read more...] about September 2007: Business Up Front
September 2007: Business Indicators
Housing’s rebalancing, as reflected in the sharp decline in permitting activity relative to year-ago levels, has created an economic drag, resulting in more modest change of late. For example, Nevada’s employment growth has slowed to 1.7 percent as measured by the June 2007 level relative to June 2006. Over the same period, Las Vegas (Clark County) posted a 2.1 percent gain and … [Read more...] about September 2007: Business Indicators
Office Market Summary: 2nd Quarter 2007
Las Vegas: The Las Vegas Valley’s speculative office space vacancy rate remained relatively unchanged from first quarter 2007. It increased by 0.1 percentage points to 10.9 percent. Class A vacancy increased by 3.4 percentage points to 10.5 percent, while Class C rose by .08 percentage points to 13.5 percent. The reported Class B vacancy rate was 10.6 percent (down 1.1 … [Read more...] about Office Market Summary: 2nd Quarter 2007
September 2007: Face to Face
Amy Ayoub President Ayoub and Associates Las Vegas Years in Nevada: 54 Years with Firm: 9 Type of business: Political and non-profit fundraising, business and personal coaching, training. Biggest business challenge: Finding the best staff for my style and for my clients. As we grow, we continue to face the challenge of finding others who fit comfortably. What … [Read more...] about September 2007: Face to Face
September 2007: Nevada Briefs
Healthcare Heroes Honored at Annual Events Nevada Business Journal and Anthem Blue Cross and Blue Shield recently held the second annual Healthcare Heroes events. They took place at the Four Seasons Hotel in Las Vegas and the Silver Legacy in Reno, and recognized the outstanding achievements of 20 Nevadans – 10 from Southern Nevada and 10 from Northern Nevada. Healthcare … [Read more...] about September 2007: Nevada Briefs
August 2007: Business Up Front
Complying With New Tax Rules On Jan. 1, 2005, new rules for nonqualified deferred compensation plans under Internal Revenue Code Sec. 409A went into effect. Grant Thornton LLP, a global accounting, tax and business advisory organization, offers seven suggested steps to help companies follow the new rules: • Identify arrangements that provide for a deferral of … [Read more...] about August 2007: Business Up Front
August 2007: Face to Face
Stephanie Sand Partner Stewart, Archibald & Barney, LLP Las Vegas Years in Nevada: 18 Years with Firm: 14 Type of business: Accountants and Consultants Biggest business challenge: Becoming the first female partner at our firm in a very male dominated industry. What do you enjoy most about your job? I love meeting with clients and learning about new … [Read more...] about August 2007: Face to Face
August 2007: Nevada Briefs
Recruitment Providers Combine Resources Jobing.com, an online recruitment provider serving seven states with branches in 17 metropolitan areas (Southern Nevada included), recently acquired LocalCareers.com Inc. Launched in October of 1998, LocalCareers.com is an online network that encompasses nearly 400 local and niche employment Web sites across the U.S. Aaron Matos who … [Read more...] about August 2007: Nevada Briefs
July 2007: Face to Face
Pete Atkinson President Black Mountain Community Bank Henderson Years in Nevada: 15 Years with Firm: 7 Type of business: Bank Biggest business challenge: Transitioning from 40 years in a loan officer’s frame of mind to an administrative frame of mind which included convincing friends and business associates to invest in a new bank. What do you enjoy most about … [Read more...] about July 2007: Face to Face
July 2007: Business Indicators
Housing markets continue to realign, both nationally and in the Silver State. Not surprisingly, growth rates for key spending indicators are also down as a result of tightened housing mortgages and slower sales. Still, overall growth continues, though more slowly than in recent memory. The Nevada economy runs at or near capacity levels for almost all areas but housing … [Read more...] about July 2007: Business Indicators
July 2007: Nevada Briefs
Business Bank of Nevada Becomes City National Bank Business Bank of Nevada began doing business as City National Bank. City National and Business Bank announced plans to join forces in November 2006 and completed their merger on February 28, 2007. All of the bank’s clients in Nevada will enjoy full access to an expanded array of financial solutions, including wealth … [Read more...] about July 2007: Nevada Briefs